Greenland Minerals Ltd (ASX:GGG) has received approval from the Greenland Government for documentation of a deposit of exploitable minerals in the licence area of its 100%-owned Kvanefjeld Rare Earths Project.
This approval is one of the main requirements for the granting of an exploitation (mining) licence in Greenland under the country’s Mineral Resources Act and is a key step on the path to gaining a mining licence for the project.
Greenland’s Ministry of Mineral Resources and Labour has provided written confirmation that the documentation (mineral resource and feasibility reports) for the Kvanefjeld project have been approved.
In the case of resource reporting, mineral resources are required to be of the indicated (or higher) category as reported in accordance with the Australian JORC Code.
The mineral resources for the Kvanefjeld mine plan with an initial 37-year operation are largely of the measured category, which is the highest confidence category.
Greenland’s Ministry of Mineral Resources and Labour engaged Auralia Mining Consultants to conduct the evaluation which involved the review of a series of reports on the Kvanefjeld project.
Auralia confirmed that the resource estimation of 16 oxides and one metal have been completed to JORC (2012) standards.
Environmental impact assessment
The company is progressing an update of the Environmental Impact Assessment (EIA) for the project and recently commissioned an independent review which is expected to be finalised this week.
All documentation associated with the updated EIA will then be lodged with the Greenland Government where the Environmental Agency for Mineral Resource Activities (EAMRA) will take around eight weeks to review the final EIA report.