- Greenland Minerals (GGG) has lodged an updated environmental impact assessment for its wholly-owned Kvanefjeld Rare Earth Project in Greenland
- This lodgement marks an important step towards being granted a mining licence for the project
- This follows the recent approval of effective feasibility and mineral resource documentation
- Greenland’s Environmental Agency for Mineral Resource Activities expects the assessment review will take eight weeks
- Company shares are trading flat at 12.5 cents each
Greenland Minerals (GGG) has lodged an updated environmental impact assessment (EIA) for its wholly-owned Kvanefjeld Rare Earth Project.
To complete the updated EIA, Greenland commissioned additional independent technical studies to address issues that it had been previously agreed with Greenland’s Environmental Agency for Mineral Resource Activities (EAMRA) merited further analysis.
The EIA and associated additional technical studies were reviewed by independent specialist Shared Resources. The company believes this review strengthened the overall quality of the EIA.
“Lodging the updated EIA is another important step toward Greenland Minerals securing a mining license for world-class Kvanefjeld Rare Earth Project,” Managing Director Dr John Mair said.
Now that the EIA has been lodged, EAMRA will spend roughly eight weeks conducting the review process. Once it is satisfied, the Ministry for Mineral Resources and Labour will be notified, who will manage the remainder of the licensing process.
Another important requirement before Greenland is granted a mining license is the documentation of a deposit of exploitable minerals in the license area. This was approved by the Greenland Government late last month.
Kvanefield is located in the globally unique Ilimaussaq Alkaline Complex in southern Greenland. To date, over one billion tonnes of mineral resources have been uncovered in the project area, across three different zones — Kvanefjeld, Sørensen and Zone 3.
Previous feasibility studies have shown Kvanefield’s potential to be a long-life, low cost, and large-scale producer of rare earth elements.
Company shares are trading flat at 12.5 cents each at 11:37 am AEST.