TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO:MOLY, FSE:2LF) (“Greenland Resources” or the “Company”) is pleased to announce a timeline for the Malmbjerg molybdenum project (the “Project”) NI 43-101 Feasibility Study that is being prepared by Tetra Tech Canada Inc.
In 2018 the Company, in association with numerous world class consultants, commenced the optimization of the previous 2008 Feasibility Study prepared by Wardrop, now Tetra Tech. The Company’s engineering work completed to date includes a successful Concept Study (DRA, 2019) that proposed the use of process equipment modularization and the establishment of a shorter material handling route north to tidewater, aiming to reduce construction and opex cost and project commissioning time. Furthermore, during the summer of 2021, an ambitious field program was successfully completed, and confirmed the information and the processes needed to conclude the Feasibility Study as described in the Company’s press release dated September 15, 2021. On October 12, 2021 the Company press released a larger NI 43-101 Mineral Resource Estimate (Tetra Tech, 2021), and recent bench-scale metallurgical flotation tests of mineralized samples collected in the summer field program resulted in improved proforma metallurgical recovery response compared to the 2008 Feasibility Study test work. Moreover, the Company announced on October 19, the creation of a European Advisory Board and appointment of its first Senior Advisor to...
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