A Rare opportunity in rare earths

20 September 2018

Pitt Street Research Report

Greenland Minerals (ASX:GGG) is a Perth-based resources company focused on the Kvanefjeld Rare Earths Project in Greenland. Demand for Rare Earths is strong given its use in various 21st Century products, most notably electric cars and wind turbines, and Greenland Minerals controls 100% of the world’s largest undeveloped Rare Earths deposit. With the help of Shenghe Resources, a major Chinese Rare Earths player, we expect that Greenland Minenals can move towards an updated Feasibility Study for the project in the next year or so, with the mine potentially starting up in 2021.  

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Disclaimer:
This report has been commissioned and paid for by Greenland Minerals (Company) and has been prepared by Pitt Street Research, an Authorised Representative of BR Securities Australia Pty Ltd. The report solely reflects the views of Pitt Street Research.

Any opinions, forecasts, recommendations or forward-looking statements in the report reflect the judgement and assumptions of Pitt Street Research at the date of publication of the report. The Company does not endorse the findings or contents of the report, including any price target, earnings forecast or other statement about the Company’s prospects, and will not be responsible for any loss or damage arising in any way from errors, omissions or misstatements in the report or the use of, or reliance on, the report in any way.