Australia- Greenland Minerals and Energy chairman Anthony Ho...| MENAFN.COM

Wednesday, 10 August 2022 08:14 GMT

Australia- Greenland Minerals and Energy chairman Anthony Ho buys shares

(MENAFN- ProactiveInvestors)

Greenland Minerals and Energy (ASX:GGG) chairman Anthony Ho has increased his direct and indirect interest by buying $11700 worth of shares in an on-market purchase.

His interests acquired 200000 shares at $0.059 each taking his total holding up to 1.7 million shares.

Ho previously acquired 100000 shares for $6800 in June.

In June the company successfully produced two tonnes of rare earth rich mineral concentrate through successful pilot plant operation of the 26 tonne Kvanefjeld beneficiation circuit.

This follows its defining an initial JORC 2012 Ore Reserve of 108 million tonnes at 14300ppm total rare earth oxides 362ppm U3O8 and 2600ppm zinc for its Kvanefjeld rare earth-uranium Project.

GGG’s pilot plant operations were conducted through the EURARE program with leading laboratories and collaborators.

The mineral concentrate will be utilised in a pilot plant operation of the refinery circuit that is scheduled to take place in Pori Finland in September 2015.

This seeks to generate a high-purity mixed rare earth concentrate.

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