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Investment Seminar

Henrik Stendal Chief Geologist

Geological Potentials in Greenland

Ministry of Mineral Resources

Government of Greenland

www.govmin.gl www.greenmin.gl Phone: +299 345 000

Outline

. Geology of Greenland . Mining projects . Commodities on its way . Industrial Minerals . Concluding remarks

Tekst skrives ind i sidehoved/sidefod 14-03-2016 2 Geology of Greenland

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Mining Projects

Zinc/lead (Citronen Fjord) Presentation!

Isukasia (Isua; General Nice Group)

Rubies/ Sapphires (Fiskenæsset) (Najaat, ‘White Mountain’) Presentation! Presentation!

Zirconium + REE REE (Killavaat Alannguat (Kuannerusit /Kringlerne) /Kvanefjeld) Presentation! Amphibolite Ridge Commodities on its way

Iron (Melville Bay) -Vanadium Gold (South Greenland (Sinarsuk, Isortoq, Thule) and Nuuk region)

Nickel (Maniitsoq and Gold/Silver (Flammefjeld) Disko area)

Tungsten –Molybdenum (East Greenland) Gold/PGE (Skaergaard) Zinc (West and North Niobium – Tantalum Greenland) (South and West Greenland) Potential nickel regions

Zig-Zag Dal Flood basalts Noril’sk nickel potential

Three flood basalt regions ~26.000 km2 flood basalt

West Greenland Flood basalt province East Greenland Flood basalt Numerous larger magmatic systems province and voluminous sill-dyke swarms throughout Greenland – with no Maniitsoq Tasiilaq norites norite belt direct link to flood basalts

Fiskenæsset

400 km Source: GEUS 2012 Gardar dykes

MANIITSOQ PROJECT North American Nickel

GREENLAND

INLAND ICE

- Fjeld Gneiss

Maniitsoq

Nuuk NORTH Legend ATLANTIC CRATON Paleoproterozoic Archean

500 km Source: North American Nickel 2015 7 Zinc Provinces

Zinc/lead (North Greenland)

1600 90% Zn

Samples: 12027 70% Minimum: 2.5600 Maximum: 1786.4300 Mean: 80.4638 800 50% Geo.Mean: 66.3059 Median: 68.0000 Mode: 47.0000 Std.Dev.: 68.67 30% Std.Err.: 0.6261 Kangerluarsuk Skew: 7.99 Kurtosis: 126.2 10% Prospect – 0 0 500 Karrat Group (2015)

Zinc/lead/silver (Black Angel Mine, Maarmorilik, FBC A data zinc package is Mining) available at: www.greenmin.gl and www.geus.dk Zn > 200 ppm

250 km

Modified from Steenfelt, GEUS 2011 Chromite and Ti - V

Fiskenæsset

Chromitite in layered

l Resource 2.5 Mt @ 32.7% Cr2O3 l 100 Mt @ low grade l Low Cr/Fe ratio l Potential for PGE

Sinarsuk Fe-Ti-V l complex with Ti - V

Map: GEUS. Magnetite with Ti – V Isortoq

Resource FeO% TiO2% V2O5% 1.18 Bt (in-ground) 62.6 19.1 0.32

Magnetite ore body

10 Thule black sands Thule black sand province Ti – V – (Co) Source: John Ferguson

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Tungsten and Molybdenum

Tungsten Ymer Ø

Porphyry Molybdenum Malmbjerg Niobium - Tantalum

Nb-REE (Sarfartoq) Carbonatite

Nb-Ta-REE (Motzfeldt Sø) Syenitic alkaline rocks

Nb-REE (Qeqertaasaq) Carbonatite

www.nunaminera ls.com South Greenland - gold potential

Taartoq

Qoorormuit Kutseq

Ippatit

Nalunaq

Lake 410

Vagar

Nalunaq Gold Mine Nuuk region – gold Greenstone belts . Storø Au-As (metamorphic) – New results!

. Qussuk Au-Cu (island-arc epithermal) Magmatic environment . Fiskefjord precious metals (PGE+Au)

Seqi Mine, 100 Mt Skaergaard gold and palladium reefs

Troels Nielsen, GEUS

203Mt @ 0.88g/t gold & 1.33g/t palladium Owner: Platina Resources Ltd. Gemstones

Ruby/sapphire

Diamonds

Other

Industrial Minerals

‘White Mountain’ Anorthosite (feldspar)

Olivine

Graphite

Olivine Mine

Close to Nuuk (90 km) and Maniitsoq (82 km)

Nuuk • Production from August 2005 – 2009. ~400.000 tons (2009)

• Resource: More than 100 mill. tons olivine (Pure forsterite)

• Resource for magnesium –

magnesite (MgCO3)

The licence will soon be delivered back . A new licence round will be announced by the Government of Seqi Olivine Mine Greenland Graphite

Former mines Eqalussuit

Areas with graphite occurrences

Amitsoq Concluding remarks

The geological environments and the related mineral deposits are in many ways similar to that found world-wide, meaning that the potential for new mineral discoveries are good and can sustain mining.

Greenland has a variety of mineral potential (including giant deposits). At present the best potential is for iron-alloys, base metals, nickel, specialty metals, precious metals and some industrial minerals.

Photo: A. Clausen, MIMR Qujanaq - Thank you!