Greenland Mines Forms Strategic Advisory Board With Three Industry Leaders to Accelerate Project Development and Western Critical-Minerals Strategy
Greenland Mines formed a Strategic Advisory Board and appointed three initial members: Constantine E. Karayannopoulos, Thomas Abraham-James, and Bent Olsvig Jensen, with two to three additional members planned. Karayannopoulos, former President and CEO of Neo Performance Materials, led Neo's pursuit of Sarfartoq as NdPr-rich feedstock under an August 2022 agreement, and Neo retains offtake rights for up to 60% of future Sarfartoq production. Abraham-James worked directly on Skaergaard as Platina Resources' Exploration Manager from 2008 to 2012, while Olsvig Jensen brings roughly 30 years of Greenland operating experience, most recently at the anorthosite mine 40 km from Sarfartoq.
Key figures
- Neo offtake right
- up to 60% of future Sarfartoq ore or mineral concentrate production
- Skaergaard bulk sample
- approximately 104.8 tons
- Sarfartoq ia pretax irr
- 118.6%
- Sarfartoq ia pretax npv
- approximately US$2.05 billion (8% real discount rate, pre-tax)
- Skaergaard inferred pdeq
- 17.49 million ounces
- Skaergaard indicated pdeq
- 15.00 million ounces
- Ndpr share of basket value
- 83.9%
- Sarfartoq inferred resource
- 5.34 million tons at 0.96% TREO
- Sarfartoq indicated resource
- 6.90 million tons at 1.60% TREO
- St1 ndpr share of non china refined
- approximately 34%
AI analysis
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