Bulls N' Bears ASX Runner of the Week is… OD6 Metals, after it unveiled a low capex, lower-cost product from its mammoth Splinter Rock rare earth project near Esperance. Mount Ridley Mines rode the rare earths coattails based on its nearology to OD6 in the rare earths region, ActivePort Group launched an Australian first private cloud superhighway and Energy Transition Minerals shot up on a 60 Minutes story on its monster Greenland rare earths project.
Energy Transition Minerals has successfully bid for the Penouta tin-tantalum-niobium mine and processing plant, located within Spain's North-West Iberian peninsula.
Energy Transition Minerals is pushing back against claims of Chinese ownership as it seeks to progress its Greenlandic rare earth project and completes a $9.35 million capital raising.
The challenging geostrategic elements of Energy Transition Minerals' Greenland project amid Donald Trump's renewed interest in the island is what attracted Julie Bishop to her new role.
Our board moves wrap includes Jack Sedgwick, Robert Krachler, Miles Guy, Paul McKenzie, Peter Wall, Frank Si, Dganit Baldar, Lindsay Reed, Kate Sainty, and Sujana Karthik.
Our board moves wrap includes Malcolm Randall, Alexander Molyneux, Bruce McFadzean, Peter De Leo, Dean Felton, Vin Vassallo, Dickie Dique, Ed Mason, Tony Ho, Simon Cato, Terry Holohan, Stuart Gale, and Peter Hatfull.
Junior explorer Greenland Minerals says it may be able to salvage a planned rare earth minerals project despite the Greenland parliament voting to stop it.
Aspiring rare earths metals producer, Greenland Minerals, is nearing completion of a major milestone in its ongoing technical development of the giant Kvanefjeld rare earths project in southern Greenland. The culmination of work on the company's environmental impact assessment is looming with Greenland's Environmental Agency for Mineral Resource Activities providing a pathway for the Perth company to finalise the approval.
Greenland Minerals has raised $7m through a heavily oversubscribed share placement to fund ongoing technical development of its giant Kvanefjeld rare earth project in southern Greenland. Proceeds from the placement will also be used to complete the project permitting and advance commercial development. The company recently lodged its application for a mining licence over the Kvanefjeld project.
Greenland Minerals has secured $7 million via a share placement, with the funds raised to advance the development of its Kvanefjeld rare earths project.
Greenland Minerals has formally applied for a mining licence over its giant Kvanefjeld rare earth project with Greenland's Mineral License and Safety Authority confirming that the application has been received. A public consultation period of up to 12 weeks will soon commence and give interested stakeholders the opportunity to provide feedback on the project.
Greenland Minerals' optimisation study has successfully reduced the capital cost of its giant Kvanefjeld rare earth project in southern Greenland by almost 40% to USD$505 million. This is partly due to the development of an optimised flotation circuit that can produce a concentrate with grades of at least 22% REO, which allows the scale of refinery circuit and the size of processing equipment to be reduced.
Greenland Minerals has outlined major improvements at its massive Kvanefjeld project in southern Greenland, including an impressive 8% increase in rare earth recoveries to 94%, compared with its 2016 Feasibility Study metrics. The work will lead to an increase of USD$31m per annum in revenue, based on the current basket prices for REO and provide attractive margins on production, while seriously reducing OPEX costs for the project.
Greenland Minerals has reached a key milestone for its giant Kvanefjeld rare earth project in Greenland with its social impact assessment now ready for public consultation. This offers stakeholders the opportunity to provide feedback on the assessment, which will be incorporated into a final document forming part of the package of material required for the mining licence application process.
Greenland Minerals has reduced civil construction costs for its massive Kvanefjeld rare earths project in southern Greenland by 44% to USD$175m following the completion of key engineering studies. The savings were achieved through substantial reductions in civil earthworks, an updated port design and greater use of local materials. The company added that process plant optimisation is also nearing completion.
Greenland Minerals has completed an optimised design for its proposed port facility to service the massive Kvanefjeld rare earths project in southern Greenland, allowing capital costs to be updated. The work by PND Engineers and China Communications Construction Co follows a revised design for the project's plant and infrastructure delivered in late 2018 by Tetra Tech, which dramatically reduced civil earth working costs.
Greenland Minerals now has a formal means for the Chinese processing of its rare earth concentrates from the massive Kvanefjeld project in Greenland that contains the radioactive elements uranium and thorium. This follows its largest shareholder Shenghe Resources Holding forming the China Nuclear Hua Sheng Mining joint venture with subsidiaries of China National Nuclear Corporation.
Rare earth element developer Greenland Minerals has chosen leading Chinese technical group BTMR Laboratories to supervise the optimisation of its Kvanefjeld project ore flotation circuit in southern Greenland, based on recent work showing recoveries above 80% and concentrate grades exceeding 22% rare earth oxide. The encouraging metallurgical results are likely to materially reduce operating and capital expenditure requirements at the massive project.
Rare earth element developer Greenland Minerals has flagged a substantial reduction in the capital costs for civil earth works at its huge Kvanefjeld rare earth element project located on the southern tip of Greenland. An engineering review has optimised the process plant and site infrastructure ground footprint at the proposed mine, reducing the volume of material disturbance by 80% from previous estimates.
Greenland Minerals and Energy is completing an optimisation program at its Kvanefjeld rare earths project in southern Greenland that will simplify project construction, minimise civil earth works and reduce associated capital costs. Recent onsite engineering studies by a multi-disciplinary team of engineers are expected to reduce the amount of construction effort required for the civil construction, port and plant sites.
Greenland Minerals has reached an important milestone, submitting its updated environmental impact assessment for the Kvanefjeld rare earth project. The assessment aims to mitigate, eliminate or minimise negative environmental impacts throughout the initial 37-year mine life at the project. The company plans to meet shortly with senior Government officials to discuss timing of the pubic consultation period.
Greenland Minerals has executed an MoU with major shareholder, Chinese global rare earths player Shenghe, to develop the flagship Kvanefjeld project in Greenland. The agreement covers off-take, sales and marketing of rare earth products and strategic project progression going forward. The partners have agreed to flexibility in off-take arrangements for the project's output, being either rare earths in chemical concentrate or rare earths in mineral concentrate.
Greenland Minerals and Energy is inching closer to commencing building its rare earths pilot plant in Greenland after major Chinese shareholder and technical partner, Shenghe, said it will shortly select the best flotation circuit for the project, clearing the way for pilot plant operations to begin. Greenland has already produced mineral concentrates with grades approaching 25% rare earth oxides.
The election of a new pro-mining Government in Greenland might just be the enabler required for Greenland Minerals to fast track its massive rare earths and uranium project into production. The incoming Government has specifically expressed its support for developing Greenland's rare earths and uranium riches, the largest and most advanced owner of which is Perth based Greenland Minerals.
Greenland Minerals has announced a significant upgrade in its rare earth concentration grade to nearly 25% REO for the massive Kvanefjeld rare earths project in Greenland. Metallurgical test work results open up the option of direct shipping of high value concentrate, whilst lowering the operating and capital costs. The value of the concentrate per kilogram of REO exceeds commercial base metal concentrates.
Greenland Minerals has announced it will complete its Environmental and Social Impact Assessments for the flagship Kvanefjeld rare earths project in southern Greenland by June, paving the way for it to mine the world's largest rare earths deposit. The Perth based company revealed this week that it has been working hand in glove with the Greenland Government to make the project happen.
Greenland Minerals and Energy is manoeuvring itself to be one of the world's largest suppliers of rare earth minerals outside of China. The company is looking to ride the clean energy wave with its elephant sized rare earths play in Greenland and it has already managed to lasso a major Chinese rare earths investor with a balance sheet worth around $4.5b.
SPECIAL REPORT: There have been some big moves among corporate finance dealmakers in Perth, who worked on more than 850 transactions worth nearly $25 billion in 2017.
Greenland Minerals is set to raise $10.25 million through a share placement with the funds to be spent on technical optimisation and completion of permitting for its Kvanefjeld rare earths project.
