# Greenland Rare Earth Minerals Investment Report

## Executive Summary

Greenland possesses significant rare earth mineral reserves that present potential investment opportunities, though extraction faces substantial technical, environmental, and regulatory challenges.

The territory's unique geological formations contain critical minerals essential for modern technology, but development has been slow due to infrastructure limitations and environmental concerns.

## Rare Earth Mineral Reserves in Greenland

### Estimated Value and Deposits
Greenland's rare earth mineral potential is substantial, with several identified deposits containing critical elements including neodymium, dysprosium, and other strategic minerals.

The most notable deposits include:

- **Kvanefjeld Project**: One of the world's largest undeveloped rare earth deposits, containing significant reserves of neodymium and praseodymium
- **Motzfeldt Complex**: Contains rare earth mineralization with potential for economic extraction
- **Various uranium-bearing deposits**: Many rare earth deposits in Greenland also contain uranium, adding to their economic value

The estimated value of

# Greenland Rare Earth Minerals Investment Report

## Executive Summary

Greenland possesses significant rare earth mineral reserves that present potential investment opportunities, though extraction faces substantial technical, environmental, and regulatory challenges.

Title:

Content: Expert: Algeria is sleeping on a precious treasure
Money and Business
Copy Link https: / / en.rt.com / trfy
Economist Abdelkader Soleimani considered that Algeria sleeps on an "inexhaustible treasure" and a considerable wealth, where there are 38 classical minerals on its soil, along with a significant stockpile of rare metals.
He pointed out that these minerals or dust, although important, require exploitation.
He stressed the need to control the technology of extraction and refining because they are toxic materials and control the tracks of mining, any conversion from dust to alloys, with the need for a formative system, a general orientation and a clear economic vision.
Economist Abdelkader Soleimani said in a statement to Al-Khobar: "It is beautiful that Algeria has an important stock of rare earth or minerals, whether the reserve is in the range of 10 or 20 percent, because there are no studies and accurate surveys in the field, but the valuation of such minerals will require control of extraction and refining technology, as they are toxic materials as well as mining."
The expert pointed out that rare earth metals or rare earth elements as defined by the International Union of Pure and Applied Chemistry, are a group of 17 chemical elements in the periodic table, specifically scandium, etrium, and lanthanides, and rare earths have become an important material in green manufacturing, but the problem lies in the difficulty of extraction and processing, especially as they are very polluted to nature, which requires control of technology and qualified labor. and refining. ”
The expert pointed out that rare earth or rare earth has returned to the forefront, especially with the statement of French President Emmanuel Macron on the possibility of cooperation between Algeria and France in the development of these minerals or rare earth, adding that "the world is witnessing a huge technological revolution and means of communication such as phones, for example, when we take the iPhone, we find that it contains eight rare metals. The exploitation and development of the exploitation of these minerals, and the intensification of competition between China, America and Britain in particular, makes them important. ”
Soleimani noted in the same context, "The trade of rare earth represents about $1.5 billion, but its importance lies in its multiple and diverse uses, including military, technological and electric vehicles.
It is noted that minerals are present in most countries, but the refining and conversion process is especially present in China, because exploiting them requires heavy and modern equipment and very sophisticated technological means, the huge capacity of mining in China makes it control 85% of the production and trade of rare soil oxide and 90% of magnetic materials.
On the other hand, the economist stressed that President Abdelmadjid Tebboune has already stressed the value of natural resources, pointing out the importance of adopting accurate studies and surveys to determine the actual capacities, whether in terms of stocks or reserves, to ensure attracting investments in the field, with the adoption of a vision to ensure a surplus of value, with the establishment of factories for refining, conversion and mining. For example, the amount of iron converted is sold at about $500 per ton, for example, that is, ensure the production of wealth, employ labor, activate a handling network and achieve comprehensive and sustainable development, with the achievement of metal poles in mining production and conversion.
The expert stressed the need for training and qualification in the field of mining, while establishing partnerships with countries experienced in the field, whether for China, South Africa or others, and avoiding the export or sale of raw materials.
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Thursday, 31 March 2022, 10: 04 HKT / SGT
Share:
Greentech International (00195) transmutation, entered the tin mining business fast lane, detonated revenue growth of 7 times, gross profit increased by 11 times
HONG KONG, March 31, 2022 - (ACN Newswire) - Rising prices of commodities, particularly non-ferrous metals related to new energy sources, are leading to the birth of new star targets, of which Green Tech International (00195) is one.
In the past two months, Green City Technology International ’ s share price has doubled, in sharp contrast to the 10% decline in the Hang Seng Index.
On March 29, GreenTech International announced its 2021 annual results announcement.
According to the financial report, in 2021, Greentech's international revenue soared, increasing by 691% year-on-year to HK $5.252 billion, achieving a turnaround in losses and a net profit of HK $424 million, while the consolidated net profit attributable to the mother was HK $350 million.
The growth in performance is mainly due to the rise in global tin prices, which have continuously reached record highs.
As an important material for semiconductor solders, tin is gradually replacing lead as a key rare metal indispensable for modern industry, and the demand is increasing year by year.
According to ZhiTong Finance APP, more than 80% of the global refined tin supply comes from tin refining production, so the supply of tin concentrate plays a decisive role in the supply of tin.
Since 2020, the demand for electronic products has remained high, but due to the impact of the epidemic, transportation has been hindered, and tin prices have risen sharply, breaking historical highs.
Driven by this news, the international performance of GreenTech, which is mainly engaged in tin and copper mining, has achieved rapid growth.
Accelerate performance growth and optimize cost structure
Smart Finance APP notes that the company ’ s performance has maintained steady growth over the past five years.
Since 2020, the company's revenue growth began to accelerate, the growth rate has increased from 2.71% in 2019 to 49.73% in 2020, and reached 691% in 2021, indicating that the accelerated growth channel of the company's performance has been officially opened.
All along, cost control is an important indicator to determine the profitability of mining enterprises, this is because tin as a commodity, its price is mainly determined by market supply and demand, and its profitability can only rely on the company's control of costs.
Through technology and management, Green Tech International continues to optimize the company's cost structure.
During the reporting period, the company's sales costs as a proportion of total revenue decreased by 3 percentage points year-on-year, while administrative expenses decreased by 5.1% year-on-year to HK $36.38 million.
Relying on business optimization and refined cost management, GreenTech International successfully reversed its losses in 2021, with a net profit of HK $424 million and a consolidated net profit of HK $350 million.
Thanks to the increase in the price of tin products, the increase in sales volume and the decrease in costs, the company's gross profit increased by 1127% year-on-year to HK $446 million, and the gross profit margin also increased significantly from 5.5% in 2020 to 8.5% in 2021.
As at 31 December 2021, Green Tech International ’ s net liquid assets increased significantly to HK $117 million from HK $7.306 million at the end of last year, an increase of more than 15 times.
Thanks to the increase in liquid assets, the liquidity ratio increased to 1.37 times from 1.0 times at the end of 2020.
It can be seen that the company's liquidity has increased and its short-term solvency has improved.
Actively layout tin mining, tin production continues to increase
As the basis of Greentech International ’ s performance growth, the company ’ s tin production continued to rise during the reporting period.
ZhiTong Financial APP learned that the Renison Tin Mining Project, which is the main business of Greentech International, is located in the Renison Mine in Australia.
Among them, YT Parksong Australia Holding Pty Limited, which indirectly owns 82% of GreenTech International, has a 50% interest in the Renison Tin Project assets.
According to the past data released by Green Tech International, Renison underground tin production has been increasing in recent years. In 2019, 2020 and 2021, Renison underground tin production reached 7418, 7798 and 8452 metric tons respectively, and the company has the right to share 3709, 3899 and 4226 metric tons for sale.
In addition, according to the company's financial report, as of December 31, 2021, the total amount of discovered, controlled and inferred resources in the Raynison underground mine was 18.23 million tons, and the tin grade was as high as 1.65%, and the tin content was further increased, which gave the company more room for production.
In terms of downstream, Yunnan Tin Industry Group, the largest tin producer in China, is the largest buyer of green science and technology international tin mines, and the two sides cooperate closely.
According to the announcement, in December 2021, the two sides signed a new three-year contract for the supply of tin from February 1, 2022 to January 31, 2025.
APP also noted that the rapid development of gold products trading business added to the growth of the company's performance.
According to the financial report, the company has started its gold products trading business since December 2020, and the business contributed HK $4.272 billion to the company's revenue in 2021.
From this point of view, the gold products trading business is expected to become the company's new performance growth point.
The management of the company said that in the future, Green Tech International will optimize and expand various business lines to promote the sustainable development of the company under the diversified business.
Overall, the steady growth of production, the downstream lock in the next three years of supply contracts, and the rapid growth of new business, together constitute the stability of the international fundamentals of Green Tech, and also lay the foundation for the company's steady increase in revenue in the next three years.
Supply bottleneck is difficult to break, tin price in the next two years or continue to rise pattern
As mentioned at the beginning of the article, tin has become the star variety of non-ferrous metals in the forefront of the rise since the COVID-19 pandemic, due to the imbalance between supply and demand.
In the short term, the supply side is limited and the demand side is booming, and the tin price is still gaining momentum.
On the supply side, tin ingot stocks have continued to decline since 2020. LME tin stocks had a peak of more than 7,000 tons at the beginning of the epidemic, and a minimum of less than 700 tons at the end of last year. According to the latest data, LME inventory was 2,260 tons as of March 29, although it has recovered, but it is still at a historical low.
In terms of production capacity, on the one hand, Myanmar ’ s business environment has suppressed the supply of tin ore, and Indonesia, as the world ’ s second largest supplier of tin ore, faces the problems of land resource poverty, increasing the difficulty of offshore mining, and there are no new larger projects in the short term.
The International Tin Association predicts that the global tin market will be short of supply of 12,700 tons in 2022, and the annual demand for tin will be as high as 430,000 tons by 2025.
According to CICC, the current global tin concentrate supply is tight, and the tight spot supply of tin is difficult to ease in the short term, which is expected to continue until 2023.
From the perspective of demand, the recovery of the core economy of tin consumption in overseas Europe and the United States has accelerated, and the electronic semiconductor industry chain has welcomed a strong recovery, driving the growth of tin demand.
In terms of domestic consumption, the decline of tin is mainly tin solder, tin chemical and tin plating plate, of which tin solder is the largest amount, accounting for more than half of the country, mainly used in electronic products, integrated circuits and photovoltaic and other fields.
At the same time, in the context of double carbon, the increase in the production and sales of new energy vehicles and the rapid development of clean energy will drive the increase in tin demand, opening a new space for global refined tin consumption.
Taking photovoltaics as an example, tin consumption increased by 27% last year.
According to CICC ’ s calculations, by 2023, global tin consumption will reach 400,000 tons, and the CAGR will be 3.8% in 2021-2023.
For comparison, in 2017-2020, the global tin consumption CAGR was -1.6%.
knot
Taken together, the supply and demand situation in the tin market has not shown any signs of easing after entering 2022, and the short term is still in a state of shortage of supply and demand.
As the global economy continues to recover, the domestic and foreign tin consumption markets will be positive, which is the core factor supporting the long-term strength of tin prices.
In the economic cycle, as an international resource of green science and technology on the industrial chain, its outstanding growth has been shown.
ZhiTong Financial APP also noted that Greentech International and tin industry's leading enterprise tin industry shares are business partners for a long time and close cooperation. Since 2021, the performance of tin industry shares has grown rapidly, which has played a certain role in the performance of Greentech International.
It is worth mentioning that the latest P / E ratio of tin shares is 52.27, while the latest P / E ratio of green science and technology international is only 5.52.
If the valuation of tin shares is used as a comparison, the company has a large gap with it, which shows that there is still room for improvement in the current valuation level of green science and technology international.
Looking at the longer time period, we have reason to believe that this may be just the beginning of its performance "slow bull".
Topic Press release summary
Sectors Metals, Minerals, Cloud & Enterprise
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Mar 28, 2020, 08: 41 HKT / SGT
Greentech Announces 2019 Annual Results
Aug 21, 2019, 08: 50 HKT / SGT
GreenTech Announces 2019 Interim Results
Mar 25, 2019, 10: 23 HKT / SGT
Greentech Announces 2018 Annual Results
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Content: Saturday 10 Ramadan 1444 AH - 1 April 2023 |
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As of July...
UN begins to receive mining applications on ocean floor
The International Seabed Authority (ISA) will begin receiving applications from companies wishing to mine the ocean floor from July, after the UN body spent the past two weeks examining the criteria for the controversial new activity.
Ocean floor mining involves the extraction of cobalt, copper, nickel and manganese, important battery-making materials, from potato-sized rocks on the ocean floor at a depth of four to six kilometres.
The Clarion-Clipperton area in the North Pacific Ocean between Hawaii and Mexico is rife with such rocks.
Louisa Casson of Greenpeace, which opposes the activity over concerns about harming whales and other forms of wildlife, said: “This irresponsible outcome is a missed opportunity to send a clear message.
"The age of ocean destruction is over."
The Metals has struck a deal to supply Glencore with minerals and is one of the leading voices in support of deep ocean mining activity.
Its officials have repeatedly said they believe the impact of mining on the ocean floor will be less than that of traditional drilling for minerals used to make batteries on land.
China is a leader in deep ocean exploration, but Chile, France, Palau, Fiji and others have called for a global moratorium, citing environmental concerns and a lack of sufficient scientific data.
Source:
• Reuters

Title:

Content: Zhenibat: Phosphate constitutes an added value for investment in the Jordanian mining sector
4 hours ago
The Chairman of the Board of Directors of the Jordan Phosphate Mines Company, Dr. Mohammed Al-Thunibat, said that phosphate is an added value for the mining sector and for investment in the Kingdom and Jordanian industrialists to find promising manufacturing industries.
He stressed that the company, which is a major economic edifice in the Kingdom, attaches great importance within its plans and work to shift towards this type of industries due to its importance in diversifying sources of income and increasing profits, which is reflected on the general revenues of the treasury and providing more job opportunities.
In an interview, Dr. Al-Zainibat explained the aspects of the contribution of the phosphate company in the mining and manufacturing sector in Jordan and its role in achieving the vision of economic modernization, "he said that the Jordanian phosphate mines company is promising and is going on a careful development and modernization approach and will not deviate from it.
He stressed that this approach in the company ’ s policy and the resulting qualitative shifts in terms of production, sales and profits placed it in the eighth place among the 10 strongest industrial companies in the Middle East and in the 71st place among the 100 strongest companies in the region in 2023, pointing out that the company received many regional and international awards in the field of excellence.
Challenges and achievements
In his speech, Dr. Al-Zainibat presented the challenges that the company suffered and hit during the previous phase, and the achievements achieved during the past few years, and its transformation from a loss of 90 million dinars in 2016, and the volume of debt of 440 million dinars, to record net profits and unprecedented in its history amounted to one billion and 160 million dinars for the last five years.
The company paid an income tax during the year 2022 of 226 million dinars compared to 101 million dinars during 2021, bringing its total tax revenues to the treasury for the last five years to 369 million and 515 thousand dinars, as well as the total mining fees paid by the company for the last five years 136 million dinars, a total of 556 million dinars, and high contributions to the balance of payments
He pointed out that these results came after an extensive study conducted by a specialized team of the company for the reality and conditions and the reasons for their decline from 2010 to 2017, the most prominent of which was the monopoly and binding of mining tenders under agreements, and the high cost of mining because of them to record numbers, which led to weakening the competitiveness of the company in global markets.
He said that the company has taken as a result of these results a number of corrective measures to improve performance and control expenses, increase production quantities and increase sales volume for the years 2018 2022
The company also worked to restore markets it had lost, and open new ones around the world, while following the principle of transparency, accountability and institutional application of regulations and instructions, and strengthening its relationship with the union as a key partner in the work, and appreciated the efforts of the company ’ s employees to achieve these unprecedented achievements.
He pointed out that the phosphate company was able to enter the European market through countries including: Norway and Poland, in addition to reaching countries such as Brazil, the United States of America, India, Bangladesh and others.
Orientation to manufacturing industries
He stressed that the company has intensified its efforts during the past years to move towards manufacturing industries through new partnerships, signing a number of agreements and memorandums of understanding with Indian, Turkish, Indonesian and local companies to establish joint factories in Shidia and Aqaba, providing new products and industries, and increasing the existing production capacity.
He pointed out that the company signed memorandums of understanding and agreements with a number of Indian companies specialized in the field of investment in phosphate and phosphate fertilizers, to increase the quantities of its imports from Jordan, and the establishment of two phosphoric acid plants in Shidia and Aqaba after completing the economic and technical feasibility study.
Phosphate also signed an agreement with the Turkish company Transpt to establish a joint phosphoric acid plant in the Shidiya area in Ma ’ an governorate, with a production capacity of 165 thousand tons (P2O5) per year.
He pointed to the phosphate washing and flotation plant, which is being set up in Al-Shidiya area in Ma ’ an governorate with an investment size of up to $85 million, in cooperation with the ideal company for manufacturing industries, which he said will contribute to boosting the Kingdom ’ s phosphate exports and supporting the national economy, achieving profits of at least 150 million dinars annually, and providing about 250 jobs directly, in addition to at least 2,000 jobs indirectly.
The environmental side
In the environmental field, Al-Thanibat said that the company worked on the implementation of the rehabilitation project of phosphate hills in the Rusayfah district, at a cost of about 33 million dinars, during which it was Karbala and shipped 2.3 million tons of phosphate, stressing that the project addresses the environmental issues resulting from mining in the region.
He pointed out that the company also worked on the establishment of a greening project for the mountain of gypsum south of Aqaba, and turned it into an environmental park for the people of Aqaba by planting about 10,000 forest and fruit trees.
In the context of social responsibility, Al-Thanaibat pointed to the significant contributions of the company in supporting public and private institutions, universities, schools, hospitals and municipalities in the southern region, to improve the services provided to citizens.
He stressed the company ’ s keenness to achieve the concept of social responsibility and translate it into action and achievement on the ground; to benefit and benefit the citizens, and the quality of services provided to them, and to contribute to the promotion of the process of comprehensive and sustainable development.
He also referred to the company ’ s efforts in the field of social responsibility, pointing out that it has provided approximately 51 million dinars in recent years as support to local communities.
Interaction with the vision of economic modernization
He stressed that the company is continuing to achieve more achievements in terms of investments and business development, in line with the Royal orientations for modernization and development and translation of the vision of the economic modernization of the government
The company ’ s plans are inspired by the royal vision of attracting investments, building partnerships and opening up to global markets.
He stressed that the five-year plan of the company for the years 2023 2027, came to translate the vision of economic modernization in terms of the expansion of investments, and the establishment of projects that serve this vision, pointing out that the cost of projects allocated in the plan exceeds 1.6 billion dollars over five years.
He pointed to the company ’ s efforts in establishing national and international partnerships to expand its scope of work, thus contributing to the expansion of its investment base and the sustainability of its work, to serve the national economy and provide employment opportunities.
Strategic plan of the company
Dr. Al-Zainibat presented the most prominent projects included in the company ’ s strategic plan for the coming years, including environmental projects such as the rehabilitation of the Rusaifa Hills project, an aluminum fluoride production plant, a phosphate washing water treatment project, a phosphate flotation project, and a complete greening project for Jabal Al-Gypsum, in addition to industrial projects such as the expansion of the industrial complex in Aqaba and pure phosphoric acid production project.
He pointed out that there are projects to produce yellow phosphorus, fertilizers and other materials, in addition to logistical projects such as the establishment of warehouses to store phosphate, the expansion of the phosphate port, and the desalination of sea water to meet the needs of the company's factories of industrial water, pointing out that the total cost of projects included in the plan is estimated at $1.664 billion.
Alrai

Title:

Content: Zhenibat: Phosphate is an added value for investment in the mining sector in the Kingdom
Five seconds ago.
The Chairman of the Board of Directors of the Jordan Phosphate Mines Company, Dr. Mohammed Al-Dhunaibat, said that phosphate constitutes an added value for the investment sector in the Kingdom and the industrialists to find promising manufacturing industries.
He said that the company, which is a major economic edifice in the Kingdom, attaches great importance within its plans and work to shift towards this type of industries due to its importance in diversifying sources of income and increasing profits, which is reflected on the general revenues of the treasury and providing more job opportunities.
During the panel discussion organized yesterday evening by the Jordanian Businessmen Association entitled “The Mining and Manufacturing Sector in Jordan and its Role in Achieving the Vision of Economic Modernization ”, he added that Jordan Phosphate Mines Company is going on a meticulous development and modernization approach and will not deviate from it.
He pointed out that this approach in the company ’ s policy and the resulting qualitative shifts in terms of production, sales and profits placed it in the eighth place among the 10 strongest industrial companies in the Middle East, and in the 71st place among the 100 strongest companies in the region in 2023, indicating that the company has won many regional and international awards in the field of excellence.
In the presence of the CEO of the company, Eng. Abdul Wahab Al-Rowad, and a number of members of the Board of Directors, the challenges faced by the company during the previous phase, and the great achievements achieved during the past few years, and its transformation from a loss of 90 million dinars in 2016, and a debt volume of 440 million dinars, to a record net profit of 1 billion and 160 million dinars for the last 5 years.
He explained that the company paid income tax during the past year worth 226 million dinars compared to 101 million dinars in 2021, bringing the total tax for the last 5 years to 369 million, and the total mining fees paid by the company for the last 5 years amounted to 136 million dinars.
He pointed out that these results came after an extensive study carried out by a specialized team of the company of the reality and conditions and the reasons for their decline from 2010 to 2017, where the most prominent of which was the monopoly and binding of mining tenders under agreements and the high cost of mining because of them to record numbers, which led to weakening the competitiveness of the company in global markets.
He said that the company has taken, as a result of these results, a number of corrective measures to improve performance, control expenses, increase production quantities and increase sales volume for the years 2018-2022.
It has also worked to restore lost markets and open new ones around the world, while following the principle of transparency, accountability and institutional and the application of regulations and instructions, and strengthening its relationship with the syndicate as a key partner in the work, praising the efforts of the company ’ s employees to achieve these unprecedented achievements.
He stressed that the company has intensified its efforts during the past years to move towards manufacturing industries through new partnerships, signing a number of agreements and memorandums of understanding with Indian, Turkish, Indonesian and local companies to establish joint factories in Shidia and Aqaba, providing new products and industries and increasing the existing production capacity.
He pointed out that the company signed memorandums of understanding and agreements with a number of Indian companies specialized in the field of investment in phosphate and phosphate fertilizers, to increase the quantities of its imports from Jordan, and the establishment of two phosphoric acid plants in Shidia and Aqaba after completing the economic and technical feasibility study.
Phosphate also signed an agreement with the Turkish company Transpt to establish a joint phosphoric acid plant in the Shidiya area in Ma ’ an governorate, with a production capacity of 165 thousand tons (P2O5) per year.
He stressed that the phosphate washing and flotation plant, which is being set up in the Shaidiya area in Ma ’ an governorate with an investment size of $85 million, in cooperation with the ideal advanced company for manufacturing industries, which will contribute to boosting the Kingdom ’ s phosphate exports and supporting the national economy and achieve profits of at least 150 million dinars annually, and provide about 250 jobs directly, in addition to at least 2,000 jobs indirectly....
In the environmental field, Al-Thanibat said that the company worked on the implementation of the rehabilitation of phosphate hills in the Rusayfah district, at a cost of about 33 million dinars, during which Karbala and shipped 2.3 million tons of phosphate, stressing that the project addresses the environmental issues resulting from mining in the region.
He added that the company also worked on the establishment of a greening project for the mountain of gypsum south of Aqaba, and turned it into an environmental park for the people of Aqaba by planting about 10 thousand forest and fruit trees.
On social responsibility, he pointed out the company ’ s significant contributions in supporting public and private institutions, universities, schools, hospitals and municipalities in the southern region to improve the services it provides to citizens.
He stressed the company's keenness to achieve the concept of social responsibility and translate it into action and achievement on the ground, in a way that benefits and benefits citizens, and the quality of services provided to them, and contribute to the promotion of the process of comprehensive and sustainable development.
He stressed that the company is continuing to achieve more achievements in terms of investments and business development, in line with the royal orientations for modernization and development and translation of the vision of economic modernization of the government, noting that the plans on which the company is working are inspired by the royal vision in attracting investments, building partnerships and opening to global markets.
He also stressed that the five-year plan of the company for the years 2023-2027, came to translate the vision of economic modernization in terms of the expansion of investments, and the establishment of projects that serve this vision, pointing out that the cost of projects allocated in the plan exceeds 1.6 billion dollars over five years.
He pointed to the efforts of the company in establishing national and international partnerships to expand the scope of its work, thus contributing to the expansion of its investment base and the sustainability of its work, to serve the national economy and provide job opportunities.
He also referred to the company ’ s efforts in the field of social responsibility, pointing out that it has provided approximately 51 million dinars in recent years as support to local communities.
He gave a brief about the reality of the company ’ s work, achievements and future plans, pointing out that it was able to enter the European market through countries including Norway and Poland, in addition to reaching countries such as Brazil, the United States, India, Bangladesh and others.
He presented the most prominent projects included in the strategic plan of the company for the coming years, including environmental projects such as the rehabilitation of the Raseefa Hills project, an aluminum fluoride production plant, a phosphate washing water treatment project, a phosphate flotation project, a complete greening project for the Gypsum Mountain, in addition to industrial projects such as: the expansion of the industrial complex in Aqaba. Pure phosphoric.
He pointed out that there are projects to produce yellow phosphorus, fertilizers and other materials, in addition to logistical projects such as the establishment of warehouses to store phosphate, the expansion of the phosphate port, and the desalination of sea water to meet the needs of the company's factories of industrial water, pointing out that the total cost of projects included in the plan is estimated at $1.664 billion.
Hamdi Tabbaa, President of the Jordanian Businessmen Association, said that during 2020, the government launched a strategy and an interactive map to market mineral wealth, with the aim of attracting investors, placing Jordan on the global mining map and raising the contribution of the mining sector to GDP from 7.7 to 11 percent in 2025.
He added that the business community looks forward to achieving this, to provide the mining and energy sectors with the required momentum, especially with the Royal directives to review the investment environment laws for the exploitation of natural resources and the manufacture of ores, as well as the interest of the vision of economic modernization in the mining sector.
He added that despite the efforts exerted, the file of mineral wealth still needs more attention, so that we can turn the diverse minerals enjoyed by Jordan into economically viable economic opportunities, through which the mineral wealth is exploited more and the map of investment opportunities in the sector from mere ideas to actual projects on the ground that contribute to generating new jobs and supporting the wheel of economic growth to reach the desired prosperity.
He explained that achieving this requires identifying the obstacles related to investment in this vital sector and working to overcome them through cooperation between the public and private sectors, pointing out that to maximize the local added value of the mining sector, it is necessary to establish manufacturing industries that rely on these raw materials as main production inputs, in addition to exporting them.
According to the report, the GDP of mines and quarries during the past year reached 791 million dinars, with a growth rate of 2.9 percent, while the GDP of manufacturing industries amounted to 5.5 billion dinars, with a growth rate of 3.3 percent.

The territory's unique geological formations contain critical minerals essential for modern technology, but development has been slow due to infrastructure limitations and environmental concerns.

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Prodigy Gold NL : Progress Results for Buccaneer Diamond Drilling

11/28/2021 | 05:59pm EST

For personal use only

ASXANNOUNCEMENT/MEDIARELEASE

ASX: PRX

29 November 2021

Progress Results for Buccaneer Diamond Drilling

KEY POINTS

  • Buccaneer Resource is 10Mt @ 1.8g/t Au for 585koz above a 1g/t cut off
  • Scoping study geotechnical and metallurgical diamond drilling completed to further evaluate a potential low-cost, heap leach processing scenario for the Buccaneer Resource
  • Program of 8 holes for 1,419m of diamond drilling completed
  • Results returned for the first hole include:
  1. 7m @ 1.3g/t Au from 36.5m
  1. 4m @ 3.4g/t Au from 48m
  1. 13.35m @ 3.9g/t Au from 79.7m including 3.3m @ 13.5g/t Au from 79.7m
  1. 12m @ 0.9g/t Au from 97.05m
    1. 43m of a 120m hole mineralised
  • Aircore drilling recently demonstrated potential for resource extension with mineralisation intersected 150m to the south of the resource.
  • Unsampled historic diamond core containing visible gold at Golden Hind has been sampled and submitted for assay
  • Delays in the laboratory screen fire assays are resulting in delays in reporting of Tregony, Golden Hind, and Buccaneer results.
  • Results are reported for Reward and PHD diamond drilling

Prodigy Gold NL (ASX: PRX) ('Prodigy Gold' or the 'Company') is pleased to announce progress results from diamond drilling on its projects in the Northern Territory.

Studies undertaken over the last year have evaluated a heap leach processing scenario for the Buccaneer Deposit. When the type of mineralisation is appropriate, heap leaching is a simple, low- cost process that can result in significant savings in capital expenditure and operating cost, which can significantly improve a project's economics. Deep weathering in the Tanami results in softer weathered rocks, and sulphide is often completely oxidised up to 100m below surface.

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An 8 hole program of geotechnical and metallurgical diamond drilling was completed to provide samples for metallurgical recovery testwork to optimise the crush size for heap leach extraction of the gold.

In addition, results are pending for diamond drilling recently completed at the Tregony Deposit1, with initial observations of drill intersections highlighting several intervals of veining, including one with visible gold.

The Company recently announced the results of data validation at the Tregony Prospect which upgraded the prospectivity of the target. Similar work at Golden Hind has identified veining with visible gold in diamond drill core that had not been sampled previously. Two holes totalling 105m of core have been submitted for assay.

Figure 1 - Northwest - southeast cross section through drillholes BCDD2014 and BCDD2105 in the Buccaneer Deposit

Management Commentary

Prodigy Gold Managing Director, Matt Briggs said: "The Company is advancing mining studies on the 10Mt @ 1.8g/t Au Buccaneer Resource. The recently completed diamond drilling program drilled areas outside the existing resource while upgrading confidence in broadly drilled areas. The first diamond hole includes over 43m of mineralisation in a 120m hole. Mineralisation occurs in several stacked zones in the oxide. Deep weathering to ~80m in hole BCDD2104, and previous recovery testwork over Buccaneer, demonstrate the amenability to heap leach processing.

Additionally, this intersection supports the indicator resource model with mineralisation intersected where predicted.

1 ASX: 15 Nov 2021

2

For personal use only

Results in aircore drilling reported in October 2021 demonstrated the potential for additional oxide mineralisation to the south of the current resource.

Significant visible gold has been intersected in several holes. Shortages in fabric to complete screen fire analysis on the holes with visible gold at Tregony, Buccaneer and Golden Hind have unfortunately delayed the reporting of results of drilling and sampling at these projects. The laboratory has advised the response and recovery from the hacking of their systems has compounded delays."

Buccaneer Scoping Study Continues

The first of the results reported are from one of the metallurgical holes. Results for BCDD2104 include:

  • 7m @ 1.3g/t Au from 36.5m
  • 4m @ 3.4g/t Au from 48m
  • 13.35m @ 3.9g/t Au from 79.7m including 3.3m @ 13.5g/t Au from 79.7m
  • 12m @ 0.9g/t Au from 97.05m

Three zones of mineralisation are observed in the oxide. As seen elsewhere in the resource this occur at the lower upper saprolite transition and saprock/fresh rock transition. The intersection in the hole provides support for the indicator model previously reported with good spatial correlation of the mineralisation in drilling to that predicted in the resource estimate.

Figure 2 - Diamond drillhole collar locations at the Buccaneer Prospect

3

For personal use only

Upon the return of all results the remaining core will be used to generate composites for crush size recovery testwork, and column leach testwork. Crush size testwork will determine the optimum size to crush the material to, trading energy requirement and cost to process against metallurgical recovery of the gold. Column leach test work will provide a high quality lad scale estimate of metallurgical recovery in a heap leach using the composites of the average gold grade and material proportions (oxide, transitional and fresh) in the conceptual pit optimisation.

Results for the remaining 4 metallurgical holes are pending.

Buccaneer Project - Background

The Buccaneer Resource is currently estimated to be 10Mt @ 1.8g/t Au for 585koz above a 1g/t cutoff grade2 (Appendix 5). The resource cut-off grade is based on processing at a mill the scale of Northern Star's Central Tanami JV Processing Plant or a similar mill built on the Twin Bonanza Mineral Lease.

Gold mineralisation is disseminated within a monzogranite intrusion, and typically associated with quartz veins with visible gold often observed in the quartz stockwork veining. Mineralisation extends from near surface to a depth of over 500m and has been defined in several zones over an area of 2,300m by 800m. Mineralisation is often up to 150m thick with intervals of 20-40m wide at 1-5g/t Au3. The deposit remains open at depth, and aircore and RAB drilling suggest the potential for further strike extensions.

The project is well advanced featuring:

  • Granted mineral lease
  • Over 300 RC and diamond drillholes
  • Exploration and mining agreement with the Traditional Owners administered by the Central Land Council
  • Heritage, flora and fauna baseline surveys
  • Accommodation camp and workshops
  • Water bores with marginal to fresh water
  • Airstrip
  • Haul road access nearby to the Tanami Road
  • 220kl of fuel storage

Reward Prospect

The Reward Prospect is considered prospective for copper, gold and silver mineralisation and is located approximately 63km west of the Stuart Highway. Reward hosts some shallow copper oxide workings from the 1950's era and abundant malachite, azurite and chalcocite occurs associated with a brecciated shear zone and sulphidic sediments. This style of polymetallic mineralisation has similarities to the nearby Jervois Deposit, 350km to the east, which hosts 0.43 Mt copper and 21.4 Moz silver, 0.16 Mt lead/zinc and 176 koz Au4.

Reward Drilling

In late July 2021, Prodigy Gold commenced diamond drilling at the Reward Copper Gold Prospect. The 260m diamond drillhole was designed to test an EM conductor 50m below surface and 400m long located 350m southeast from the historic Reward Copper Mine that averaged 11% Cu (Figure 3).

  1. ASX: 1 September 2017
  2. ASX: 20 May 2021
  3. ASX KGL: 2 December 2020

4

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Figure 3 - Map of Reward showing historic mine workings with best assay results and modelled EM Plate5

The hole intersected biotite and andalusite schists with narrow intervals of pyrrhotite and chalcopyrite. No significant assays were returned for hole RWDD2021. There is potential the conductor has not been intersected and DHEM of the diamond hole is being considered. A revised target position generated from DHEM would warrant future drilling.

5 ASX: 13 May 2010

5

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Disclaimer

Prodigy Gold NL published this content on 28 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2021 22:59:02 UTC.

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Sales 2021 - - -
Net income 2021 -4,81 M -3,43 M -3,43 M
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P/E ratio 2021 -4,83x
Yield 2021 -
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Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
The Egyptian Center for Thought.
Study offers proposals to develop mineral wealth and attract investments
The Egyptian Center for Thought and Strategic Studies said that Egypt has taken serious steps to develop the mining sector and raise its contribution to the national economy, starting with the development of relevant legislation to attract investments, as part of a comprehensive strategy to develop the sector in its various activities. This is reflected in the promotion of economic growth.
Mineral resources play an important role in the development of mankind.
The study pointed out that mining wealth plays an important role in the development of humanity, especially gold, in the current circumstances occupies an important place in the local economies, and in international economic relations, where its status has undergone fundamental changes, and is now living an important phase of its historical transformation, stressing that Egypt has recently been increasing the use of its natural resources and attention to the development file in all its natural endowments not used. Drawers for long periods without attention or planning, to now race against time, to compensate those files with the attention they deserve, as this aims to strengthen the prestige of the situation of the economy in general.
Completing the development vision of the Egyptian state to build the new republic in all sectors
The study, conducted by Dr. Ahmed Sultan, entitled "The future of the mining sector in Egypt: the file of mining between opportunities and challenges", pointed out that these steps come within the framework of completing the development vision of the Egyptian state to build the new republic in all sectors and fields of the state, which aims to achieve the maximum benefit from Egypt's mining wealth. Formulation of a comprehensive strategic vision for the development of this sector, which contributes to the exploration of the most important areas of mineral resources in Egypt, and at the same time reflects on the increase of its contribution to the gross national product (GNP), which is estimated at 0.5%.
The mining sector is capable of advancing the state.
The study pointed out that the mining sector is capable of advancing the state, as Egypt has mining assets that qualify it to succeed in this field, where it has mineral wealth for thousands of years unless it was exploited before 2014, Egypt has a wealth of quarry ores, which include limestone and mining ores, led by gold, Feldspar ore, phosphate and alumnite, as well as the availability of choline.
The study touched on a number of elements of the environment, which is a national wealth, including the sand file, which did not receive sufficient investment attention during the past years despite its huge investment returns, explaining that the Egyptian state is currently heading to benefit from the smallest grain of sand on its land, which abounds with the goodness of nature. To explore how to exploit white sand, with the aim of maximizing the added value of its natural resources.
Gold Production Profile
The study also touched on the file of gold production, which is a precious metal that is constantly detected, the land of Egypt has many of them, the most recent of which was the announcement of the Ministry of Petroleum and Mineral Resources last year, the start of the experimental operation of the new commercial gold detector in the Eastern Desert (Eqat), which is a turning point in the mining sector and gold production in Egypt.
The study pointed out that Egypt is currently seeking to increase the volume of local production of gold mines, as well as offering international tenders for gold exploration, so boosting the growth of Egypt ’ s gold reserves has become a strategic direction for the state that will support the local currency against the current economic fluctuations.
Proposals for Mineral Resources Development
The study published several proposals aimed at managing this file in a comprehensive manner to achieve sustainable development and remove many challenges and obstacles, including maximizing the return of the mineral wealth in Egypt, through the establishment of manufacturing industries for Egyptian ores, thus contributing to enhancing the added value of the Egyptian mineral wealth. Its membership is the major countries in the mining industry regionally and globally.
The need to work to increase the establishment of large industrial entities near the areas of extraction of ores and minerals
The study also suggested the need to increase the establishment of large industrial entities near the extraction areas of ores and minerals, in order to benefit from the mineral and natural resources in the region, in addition to the need to work on the establishment of tourist areas in these areas, as well as the need to reduce the risks of investments in order to stimulate market absorption and support infrastructure in the strategy.
She also proposed to work to take advantage of open pits and ground cavities, after the completion of mining exploration, by establishing artificial lakes and turning those areas into tourist resorts that contribute to tourist attraction, and work to promote and increase conferences aimed at promoting Egyptian mining opportunities.
It is also necessary to increase and link scientific research to the sectors in which the Egyptian market depends on imports, which suffer from a large gap between local production and consumption, especially in the fields of mining and minerals, and the need to establish partnerships with major producing countries in strategic industries based on white sand (a promising opportunity). Only because the world has large industries that rely mainly on that material, and if it is not available, those countries are threatened to stop production.
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Content: Alexander Vorotnikov: Own lithium production will boost Russia ’ s ESG rating
Polar Lithium LLC, a joint venture between Norilsk Nickel Norilsk Nickel and Atomredmetzolot (Rosatom mining sector), obtained a license to develop the Kolmozer lithium deposit in the Murmansk region in February 2023.
Today.
B2Gold Exceeds Production Plan
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13 February 2023
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Today.
Pavel Shelkov, chief geologist of the Polar Diamond Group, said the company was engaged in exploration and assessment of the development of new diamond deposits in Russia from Karelia to Yakutia.
In an interview with a Rough & Polished reporter, he talked about the geologist ’ s ongoing project and its prospects.
A few years ago, you told Rough & Polished about Polar Diamond ’ s most interesting exploration project.
How did it turn out?
In general, all of these announced projects have been realized: applications have been submitted and permits have been received.
Today, our five companies have received 18 licenses, 17 of which are in the Orenek district of Yakutia, one in the Medvezhyegorsky district of Karelia, the Kimberley Rock Pipeline of Lake Kimberley.
Almost all of these licences are very profitable and there is a good chance that Aboriginal or sand mines will be found within their scope.
In Yakutia, particularly in our licensing area, large quantities of diamond sands have been found in the river basin.
Little Kuonamka, especially except for the Rossipey River.
Kuonamki, whose tributary sand mine Jelinde Uthumun River in Luchacan, we expect to find total reserves of more than 10 million carats of ore.
The Rosebud River is fun.
The Omonos River is dominated by diamonds on a 10km stretch of the Ukukit valley and in the kimberlite tube of the kimberlite field in the western part of Ukukit. The diamond content in the alluvial layer of Ukukit ranges from 0.3 to 0.8 kar / m3 within 80 km.
A very interesting ancient stone age site with an area of about 4 square meters.
KM was previously installed in our Permit Zone on the Istoki River. Kuogas Uluibut Motorchuna in the Lower Jurassic Domer Stage sediments near the Kimberley tube and Sister 19.
This sand mine is characterized by low nitrogen diamonds that dominate in these tubes, as well as very rare pink diamonds, which was a big surprise to me.
This exotic color and oversized Type IIA diamond is exactly what characterizes kimberlite deposits, where low-nitrogen diamonds are formed in the lower mantle of the mantle, slowly growing over billions of years, at very deep depths.
These deposits include the Letseng, Motae and Kao deposits in the Republic of Lesotho, the famous Premier deposit, where South Africa ’ s largest Kulinan (Star of Africa) diamond, weighing 3,106 carats, and the Karove deposit in Botswana, each containing 600-900 carats of Type IIA diamonds.
This unique oversized and whimsical diamond also appears in sandstones formed during kimberlite crushing, such as the Lulo mine in Angola, where a pink pure water diamond weighing up to 170 carats was produced in 2022. Licensees of Lucara Diamonds are searching the valley for pipes formed by the Lulo deposit.
Lulo has been around for 15 years, but without success.
In our Permit Zone, we are looking forward to encountering huge diamonds and exotic coloured diamond kimberlite tubes – Aerogeology of Sakha Yakutia and Sister 19 and Karelia ’ s kimberlite tubes.
In the process of studying the materials we had worked on before, we were convinced of our own correctness - there were pink diamonds in these tubes.
This is one of our earliest discoveries.
In addition, the pipes of Svetlana, Lorik, Leningrad, and Ruslavaya contain low nitrogen diamonds, although in smaller quantities, the study of the stock material confirms our prediction of the presence of large diamonds in these kimberlite – the abundance of geological samples in the Svetlana tube has caused a gem larger than 4 carats to be crushed into many rubble!
This is the second discovery, which means that not only have Type IIA suspension diamonds been found in the kimberlite of these pipes, but they have also been found in the sand mines in Area R.
Ukukit and Omonos were formed by destroying these tubes, which could greatly increase the value of diamonds in the sand.
The third discovery involved a Kimozero tube found in Carrelia by Canadian company Ashton Mining, which left in 2012.
The area of this largest pipeline is 2 km * 800 meters.
When I began to study this material, the first kimberlite samples taken in 1993 by geologists at Ashton Mining from kimberlite rocks close to streams we call diamonds were the most abundant, with an average content of about 15 carats per tonne.
A sample was taken 40 metres from the Ashton Mining mine and higher particle levels were found to be almost non-existent in the barren kimberlite samples.
The last kimberlite sample taken by geologists at Ashton Mining when work was completed in 2012 also produced diamonds of 15 carats per tonne.
According to the conclusions of the mineral experts of the Arkhangelsk laboratory, during the processing of the sample, the diamonds are crushed into dozens, initially 1-2 large diamonds, up to 1 carat.
Although neither of these rich samples represents a volume of 10-18 kg, these findings confirm that, in addition to poor diamond kimberlite, kimberlite tubes contain large quantities of kimberlite ore, rich in diamonds of 1-2 carats / ton or higher.
In loosely eroded kimberlite tubes, the upper part of the kimberlite mass is a crater of sediment, which is fairly low and uneconomical in content, but there may be abundant kimberlite below, like many tubes in Yakutia or Angola, and it is there that large amounts of diamonds and debris are found.
Third, we have three permits in the Tung River and one permit in the Chimidikyan River. Tsung is closer to success.
Are they looking for diamond tubes there?
An amazing story: they searched there, but didn ’ t find it – they were hard to find.
Almost all diamonds are concentrated in the first 5 cm of alluvial layer, about 20 cm of alluvial layer rich in alluvial layer, the diamond below disappears.
That is, at the top, they are as high as 9 kar / m3 in some lots, while at the bottom of the dam, they are barely there.
Usually the opposite is true, they go down.
Why, no one can explain.
Ten years ago, the Amagin expedition conducted work there to search for indigenous bodies, but did not find them: they valued the sands as P2.
An estimated 3.5 million carats - but at a depth of 20 centimeters.
Large-scale work was carried out there in the early 1950s, digging trenches and discovering a 27-carat diamond - called a "lucky discovery."
But nothing was found nearby.
There is a term for “rinse ” diamonds: when the water in the flood rises and the diamonds flow out of somewhere, sometimes as high as 7 carats per cubic meter – a very decent amount.
That is, these sands must be explored to a depth of 20 centimeters.
This rinse diamond exists in the Congo ’ s sand mines, where locals put small nets on them at high water levels and even, according to legend, put them in buckets – so they rinse a lot. In 2010, a lot of very good quality diamonds were found there: up to $200 in 2015, now worth $400.
It turns out that somewhere there is a very rich pipe that has not yet been discovered, but when somewhere, somewhere upstream, high water levels pass through the tributaries, the diamond rocks are washed away and taken to Tung and Chimidikyan.
Such a unique geology.
The fourth discovery is that we find out where the diamonds came from and where our licenses came from.
There is the valley river Little Kunamka about 3 km wide, but the richest diamond lot, diluted by PJSC Anabar Diamonds, is located below the confluence of the right tributaries Maspaki, Delingdee, etc.
When the diamonds are separated from the tributaries, the diamond content in the sand decreases and the width is reduced to 40 meters.
Almost all the diamonds are in the valley.
Little Kunamka was swept away by a flood that swept away the middle reservoir of the Cretaceous, and even today, the Eberah-type diamond contains as much as 0.2 carats / m3.
At present, Cretaceous diamond deposits occupy a very small area upstream of the river.
Maspak and Delingde brought the flow of diamonds to a small Kunamka, but in the past, before the Quaternary, diamond deposits were almost everywhere, and due to rapid destruction, large quantities of diamonds were released to form rich deposits. Maspaki (12 million carats) and R. Little Kunamka (4-4.5 million carats), by the diamond company "Anabara" - worked near there.
It is worth noting that the reserves, diamond content and diamond jet width of the Rossip River Maspaki are larger than the Rossip River 140 meters small Kuonnaka River, and in its upper reaches, the average content of each mountain range is 2.4 kar / m3, which is several times the average content of the river ’ s flowing sand ore.
The Maspataki River is a small Kuonamka, so that two-thirds of the diamonds released when the middle reservoir is washed away remain in the valley of the drained river, and a small part enters the small Kuonamka River.
Similar to the sandstone hippophae, the reserves of more than 12 million kladinds flow parallel to it and have a source of diamonds.
There was another geological phenomenon - until the Quaternary uplift formed the rich diamond sands of Little Kuonamka flowing into the river in the other direction, where we had a licence, and Little Kuonamka, like the extensive contamination of diamonds, was in the past its Paleolithic age!
Little Kunamka is not located downstream of the modern river, but upwards according to its paleohydrographic features!
Eberia diamonds were also removed on our plots, along with the demolition on the Little Kunamskaya Pipeline - where the diamonds are quite high quality, at $400-500 per carat, according to the current price list.
How does quarantine affect your plans?
We were in the preparation stage at the time.
But we have a positive review of all licenses; we still have a year to attract investment under the license agreement.
We are currently negotiating with a number of investors, including gold and oil companies, but the negotiations have not been easy because of the tensions created by the current political situation and Western sanctions.
What can you say about geological exploration in general?
It's hard for everyone right now.
From the point of view of attracting project investment, the situation is not easy.
It hurts everybody.
In this case, investors try to extract capital rather than invest it in something.
Only very brave investors can invest in such projects – for example, gold mining companies are now also difficult because everything has become very expensive: explosives, gasoline, oil and lubricants.
If the mine ’ s gold content is less than 4 grams per ton, then production is losing money — and some of our potential investors are already losing money.
Unfortunately, we have also encountered this problem.
In addition to investment, there are problems.
As for Yakutia – of course, this is very weak infrastructure development, which also requires considerable investment.
Suppose there is a beautiful Malokounamskaya tube – you can almost call it a deposit, although it has not yet been balanced, but there has been drilling and drilling exploration, which is actually in the C1-C2 class.
This is a block rich in 0.46 carats / ton, but we believe that after processing a large number of samples, a larger grade of diamonds can be extracted, at least each ton will exceed this carat amount.
The quality of diamonds is excellent: suppose the value of a ton of ore reaches $150-200 in 2017 and $300-350 in 2022.
That said, the price of a ton of kimberlite diamonds should be between $180 and $300, which is a very high number.
But at the same time, a huge drawback – the lack of any infrastructure: the distance to success of 400 kilometers in winter, which almost negates all the advantages.
While in principle it is possible to mine sand in shifts, which also increases costs, developing any deposit outside areas with well-developed infrastructure is a daunting task for private investors.
We ’ ve had meetings with different companies, made recommendations, and discussed … if people seem to be interested in sand mining, then fundamentally – you think there ’ s no road – that means there actually needs to be an airport built.
The plane...
When you start calculating all the costs of infrastructure construction, assume there is a peaceful or successful pipeline and it will pay off.
And this will now be very difficult to achieve - previously Soviet states could afford such a cost.
Now, of course, developing and exploiting indigenous deposits in unexplored areas is as unfortunate as flying to Mars.
How long does a project like yours take?
As for sand mining, 2-3 years of balance, if normal financing, 2-3 years of full exploration, and in the best case - 3-4 years of production start - this is 7 years.
I don ’ t know how to balance sand diamonds, rinse diamonds – they ’ re just superficial and you can test them in a summer season, though not on a large scale, but start producing.
We are looking forward to washing the Tung Diamond.
In Little Kunamka and other areas, serious mining operations are required, blasting on the permafrost - an expensive job that takes time.
What will happen tomorrow, I don ’ t know.
Suppose someone works in mines and tractors.
In the spring, they were mobilized and became tank soldiers, and everything would stop.
So what inspires optimism and helps keep working?
I just realized that we had succeeded in collecting diamond assets of unique quality – both in the sand mine and in the deposit.
That, of course, is reason for optimism.
Five years ago, I never dreamed of it.
I mean, I did license, protect the project.
Yes, natural optimism, maybe a love of diamonds, for me, it ’ s just a matter of life.
When I look at the sparkling diamonds... when I imagine what kind of diamond will be in the aerogeological tube, Sister 19, kimozer - yellow, red, pink, green... by the way, in the little Kunamka tube - there is a very unique diamond wave color - such diamonds are hardly found anywhere.
Characteristics of these tubes.
When I look at them, they give me the energy of life.
It is a passion, and one can say that the material composition here is basically very little.
Your passion and belief is that you can do it all in the end, despite the huge difficulties that exist right now.
My love of diamonds has been deeply rooted in the university. In 1985, when I joined the army from the third grade of MGRI, I carried with me the book “The Geology of Diamonds in the Soviet Union. ”
I have been interested in geology since I was a child and brought rocks home.
Even around my house, near Moscow, the surrounding kimberlite is from Yakutia, from kimberlite pipes, from other places.
Yes, I would add that we are in Karelia on the threshold of the discovery of the new Kimberley tube.
That said, kimberlite has been found, proving that it is not a single outlet, in detail, it is different from kimberlite, and we will further study its diamond content...
It is likely that there is another chimney 10 kilometers away, which is a complete kimberlite field.
It ’ s very interesting, of course, when there are some new bodies.
More importantly, it ’ s Calella, which is easier to reach – there are good roads.
Overall, I ’ m certainly optimistic because I know it ’ s an amazing diamond asset.
In fact, there are diamonds everywhere – of course, the content may vary, but in principle, everything is carefully planned.
It's all about balance, and it's not easy in our time.
But I think we have a third private project after AGD and Almara – in terms of resource potential, maybe after the mushroom tube, we might be in the next place.
Our potential is huge.
In addition, we have two permissible zones – the Drinde district opposite Jilinda and the Urumont River – where the gold content in the samples is very high – the equivalent of 8 liters of concentrate – up to 500 gold coins.
Up to 3.5 g / m3 in small samples from the Usumun River.
In other words, in addition to diamonds, refined gold may also be an important part of mining.
In addition, between these two waterways, there are likely to be indigenous springs – even in river basins.
Urumont had locked up gold sulfide veins, possibly gold.
Because in addition to gold, there is emery, which is a typical feature of the Kuranaki type gold deposit in dolomite, and the coal seam is a natural adsorbent for gold.
By the way, the gold in the diamond sands also comes from these deposits.
Little Kunamka and Grand Kunamka, today mined together with diamonds.
These deposits may have fantastic reserves of hundreds or thousands of tons.
These are five discoveries, but nothing to do with diamonds and kimberlite.
This is another interesting prospect.
In general, Yakutia is a very cold but rich area of natural resources, and I am confident that the people of Yakutia Sakha, who manage their wealth, will live very dignified and affluent.
Galina Semenova for Rough & Polished

The most notable deposits include:

- **Kvanefjeld Project**: One of the world's largest undeveloped rare earth deposits, containing significant reserves of neodymium and praseodymium
- **Motzfeldt Complex**: Contains rare earth mineralization with potential for economic extraction
- **Various uranium-bearing deposits**: Many rare earth deposits in Greenland also contain uranium, adding to their economic value

The estimated value of

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Content: Stocks of the Hour: Bastion Minerals, Ironbark Zinc, Western Yilgarn

Company News

by Abbey Phillipps

Bastion Minerals (ASX:BMO) has announced a significant new discovery with widespread visible uranium mineralisation with high spectrometer readings at the Morrissey Project. This significant new discovery in the Morrissey project identifies potential for economic surficial uranium, hosted at shallow depth in calcrete, with possible contemporary analogues such as Lake Maitland. Shares are trading 25 per cent higher at 1 cents.

Ironbark Zinc (ASX:IBG) has announced an update on their Citronen Project, in which the licence is successfully renewed with the Government of Greenland. The financing & commencement of production have been further extended to the end of 2024 and 2026 respectively; the maximum allowable extension able to be afforded to Ironbark under its current licence terms. Shares are trading 25 per cent higher at 0.5 cents.

Western Yilgarn (ASX:WYX) announced the successful phase 4 drilling program expands targets at Ida Holmes Junction Project in WA. There are 2 new Nickel and Copper PGE targets identified increasing overall project potential. Shares are trading flat at 4 cents.

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