Greenland Minerals & Energy reports compelling Kvanefjeld feasibility metrics

A feasibility study on Australian explorer Greenland Minerals & Energy’s (GMEL’s) Kvanefjeld multi-element project has revealed compelling metrics, delivering a similar net present value (NPV) to a previous study despite increased capital costs. The ASX- and Frankfurt-listed explorer on Monday said the Kvanefjeld project, one of the world’s largest undeveloped resources of rare-earth metals and uranium, could produce its primary product, a critical rare earth concentrate, at a cost of $8.56/kg of rare earth oxides (REO) after by-product credits, making it one of the world's lowest-cost rare earths producers.