Greenland Mines Sarfartoq Nd-Pr Rare Earth Project Valued Up to US$2.05 Billion With Pre-Tax IRR of 118.6% and Significant Additional Upside Potential
Greenland Mines released an Initial Assessment for its Sarfartoq project, outlining a pre-tax NPV of up to $2.05 billion with an IRR of 118.6% in the high case. The study positions the asset as a critical Western supplier of neodymium-praseodymium, potentially covering 34% of non-Chinese refined oxide supply annually, supported by a strategic partnership with Neo Performance Materials.
Key figures
- Mine life years
- 9
- Inferred treo pct
- 0.96
- Indicated treo pct
- 1.6
- Processing rate tpa
- 1400000
- Irr pretax high case
- 118.6%
- Npv pretax high case
- $2.05 billion
- Inferred resources mt
- 5.3
- Indicated resources mt
- 6.9
- Irr pretax indicated only
- 92.7%
- Npv pretax indicated only
- $1.49 billion
AI analysis
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