On Tuesday, Greenland Mines Ltd (NASDAQ:GRML) unveiled an independent Initial Assessment for its Sarfartoq Nd-Pr Rare Earth Element Project in southwest Greenland.
High-Value Economics And Resource Potential
Under a high-case scenario, the study highlights a pre-tax net present value of up to $2.05 billion and an internal rate of return of 118.6%, underscoring the asset’s economic viability and role in non-Chinese supply chains.
The study, prepared under Regulation S-K 1300 standards by Agricola Mining Consultants Pty Ltd, incorporates both Indicated and Inferred Mineral Resources.
Excluding Inferred resources yields a pre-tax net present value of $1.49 billion with a 92.7% internal rate of return. The project features a nine-year mine life processing 12.2 million tons at a delivered head grade of 1.32% total rare earth oxides.
