Kvanefjeld project

Kvanefjeld is a large scale rare earth project with the potential to become the most significant western world producer of rare earths.

The project is centred on the globally unique Ilimaussaq Alkaline Complex in southern Greenland. To date over 1 billion tonnes of mineral resources (JORC-code compliant) have been delineated in the project area, across three different zones – Kvanefjeld, Sørensen and Zone 3. Mineralisation is hosted by a rock-type called lujavrite, and is enriched in rare earths, uranium, and zinc.

Kvanefjeld has a number of unique attributes.

  • Massive bulk resources, mostly outcropping.

  • Location, <10km from tidewater, with year-round direct shipping access.

  • The ores are conducive to simple, cost-competitive processing.

Collectively, these attributes can potentially make Kvanefjeld a globally significant supplier of rare earths for many decades.

Kvanefjeld will consist of a mine, a concentrator and refinery. The concentrator will produce a mineral concentrate containing 20-25% rare earth oxide, a zinc concentrate and fluorspar.

The refinery circuit will produce high-purity intermediate rare earth products, and uranium as a by-product.

Rare earth products are forecast to generate over 80% of the project's revenue, with uranium, zinc and fluorspar by-products contributing to the balance.