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 3 Mining Projects Zinc/lead (Citronen Fjord) Presentation! Isukasia (Isua; General Nice Group) Rubies/ Anorthosite 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) Titanium-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 anorthosites l Resource 2.5 Mt @ 32.7% Cr2O3 l 100 Mt @ low grade ore l Low Cr/Fe ratio l Potential for PGE Sinarsuk Fe-Ti-V l Gabbro 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 . 2 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 Olivine 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! .