Greenland Mines Ltd has completed the acquisition of the Sarfartoq Nd-Pr Rare Earths Project in southwest Greenland. The project features a significant resource base and compelling economics, with planned production potentially representing 34% of NdPr oxide refined outside China.
Greenland Mines Ltd. has released an Initial Assessment for the Sarfartoq Nd-Pr Rare Earth Project, reporting a high-case pre-tax NPV of up to US$2.05 billion. The study is based on a hybrid open pit and underground resource of 12.2 million tonnes. The report notes that these figures rely on favorable sensitivity assumptions and that base case economics were not disclosed.
Greenland Mines has released an Initial Assessment for the Sarfartoq Nd-Pr project, valuing it at up to US$2.05 billion pre-tax with a 118.6% IRR. The study includes a maiden Indicated and Inferred Mineral Resource estimate and confirms successful flotation metallurgy.
Greenland Mines Ltd. has engaged Tetra Tech Canada and GeoSim Services to prepare an updated, S-K 1300-compliant Mineral Resource Estimate for its Sarfartoq Nd-Pr rare earth project. The project features a high Nd-Pr ratio of 25%-40% of the TREO basket. The update is intended to support a refreshed Preliminary Economic Assessment (PEA) and is subject to the closing of a transaction with Neo Performance Materials.
