Overview

Greenland Minerals and Energy Ltd (OTCQX:GDLNF,ASX:GGG ^[1]) is positioned at the forefront of Greenland's emerging minerals industry. Since 2007, the Company has been focused on delivering a world-class production center for specialty metals from the Ilimaussaq complex in south Greenland. Kvanefjeld is the first of several large-scale deposits to be delineated, and is widely recognized as one of the world's largest resources of rare earth elements, as well as containing substantial resources of uranium and zinc. Managed by a first-class technical team, the feasibility studies on Kvanefjeld are now well-advanced, and Greenland Minerals and Energy is firmly placed to become one of the world's largest and most cost-effective producers of specialty metals.

Chief Project

Kvanefjeld Project, Southwest Greenland

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Kvanefjeld is a tier 1 mineral deposit hosted within the northern Ilimaussaq Intrusive Complex, favorably located near the southwest tip of Greenland. Yet Kvanefjeld is just the first of several deposits to be extensively drilled within the project area, and already hosts the world's largest REE resource as defined by internationally recognized reporting codes (JORC, NI 43-101). Kvanefjeld is highly accessible, outcropping on a broad plateau, and features a favorable mix of economic minerals amenable to processing. The project area is surrounded by deepwater fjords that form a large natural harbor system, it is located approximately 40 km from the Narsarsuaq International Airport, and has access to water resources suitable for hydroelectric power plants. The Company is permitted by the Greenland Government to conduct full evaluations and feasibility studies on Kvanefjeld to establish the most appropriate development scenario.

The northern Ilimaussaq Complex is characterized by broadly sub-horizontal layers. An unusual form of nepheline syenite called lujavrite forms an internal layer that locally outcrops, and is the host to REE-uranium-zinc mineralization. The most extensive area of outcropping lujavrite occurs at Kvanefjeld, which has been the focal point of prior resource definition drilling. However, there are other areas of outcropping lujavrite, and a growing list of evidence to suggest that these outcropping zones are part of a large interconnected body of lujavrite.

Greenland Minerals released its latest resource estimate for Kvanefjeld in March 2011. This is the fourth resource estimate that the Company has produced since acquiring the project in 2007. The resource estimate was prepared by SRK Consulting and is compliant with the Australian JORC code. Greenland Minerals has also developed a method to domain resources by geochemical and mineralogical characteristics, such that the resource is closely aligned to metallurgical process development. The latest resource estimate confirmed Kvanefjeld's status as one of the world's largest REE-U resources, and improved key aspects including overall resources (619 Mt), indicated resources (437 Mt), the definition of near-surface higher grade zones, and overall contained metal. The metal inventory currently includes 6.6 Mt TREO (total rare earth oxide), 0.24 Mt of heavy REO's, and 0.5 Mt of yttrium oxide, 350 Mlbs U₃O₈ and 3 Blb's of zinc

In early 2011, Greenland Minerals announced the first intercepts from three new deposits within the project area. These new deposits will become the focal point for future resource definition. Significant multi-element intercepts were identified at each new zone, confirming that mineralization extends for kilometers beyond Kvanefjeld. These discoveries served to confirm that the Northern Ilimaussaq Complex is host to one of the most expansive ore systems of its kind globally.

Greenland Minerals and Energy maintains an active stakeholder engagement process in Greenland. The Company's operations are strongly backed by key stakeholder groups in Greenland including the south Greenland council, and Greenland's labour and employers unions. Kvanefjeld is recognized in political forums globally as one of the world's most important future supply hubs for rare earth elements.

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Management

Mr. Michael Hutchinson, BSc - Chairman

Mr Michael Hutchinson has had a distinguished career in resources and commodity trading, having served as Director of the London Metal Exchange, the world's largest market in options and futures contracts on base and other metals. Michael has also served as Chairman of RBS Sempra Metals Limited, and Wogen PLC; a trader of off-exchange metals that sources metals worldwide for industrial end users. In addition, Mr Hutchinson previously served as a director of MG PLC.

Mr Hutchinson also served as Chairman of RBS Sempra Metals Limited, and Wogen PLC; a trader of off-exchange metals that sources metals worldwide for industrial end users. In addition, Mr Hutchinson previously served as a director of MG PLC.

Mr. Roderick McIllree, B.Sc. (Geology), Grad Dip. (Mineral Economics) MAusIMM - Managing Director

Mr Roderick McIllree is a corporate Geologist. A graduate of Curtin University of Technology School of Mines he has worked extensively throughout the globe from grassroots to mine development. After completing a Graduate Diploma in Mineral Economics, Roderick moved into the finance sector and worked as a mining analyst and equities advisor in mining and resources raising in excess of AU$250M from the Australian and international capital markets during the last decade. This broad based experience in terms of both capital markets and the minerals business provided the platform necessary to be an active member of the various teams that have established several successful mining ventures including Medusa Mining, Anvil Mining, and Kingsrose Mining.

Roderick was the founding Managing Director of Greenland Minerals and Energy Ltd, and planned and executed the push into Greenland with the acquisition of the Kvanefjeld project in 2007 being the outcome. During the last 6 years as the CEO of the company he has built an organisation of top level industry professionals, whilst successfully establishing the international profile of what is certain to be one the world's largest mining operations of both heavy rare earths and uranium.

Dr. John Mair - Executive Director, Business Development

Dr John Mair completed a Bachelor of Science with Honours, majoring in geology, at the University of Western Australia, before commencing a career in the minerals sector, working in gold exploration and mining in Western Australia's goldfields. He returned to the university system to undertake a PhD study on the gold and base metal deposits of Canada's Yukon Territory and east-central Alaska. After completing the PhD in 2004, John returned to the minerals industry working in exploration for porphyry Cu-Au deposits in New South Wales, and gold deposits in China. In mid-2005 John took the position of Post-Doctoral Research Fellow at the University of British Columbia, with a focus on the metallogeny of southwest Alaska

At completion of the project in 2006, John returned to the minerals industry as a project co-coordinator for Vancouver-based exploration group Geoinformatics Exploration Inc., who in alliance with Kennecott, were exploring for Cu-Mo-Au deposits in western North America from Mexico to Alaska. During this period, John planned and implemented large-scale exploration programs through remote northern British Columbia, as well as providing technical expertise to exploration programs in Alaska and Mexico. In mid-2008 John returned to Australia to join Greenland Minerals and Energy Limited as General Manager.

John has published several papers in leading international scientific journals on tectonics, structural geology, mineral deposit geology, igneous petrology and mineralogy. He has also presented at Masters short courses on ore deposit geology. Of particular relevance is his understanding of the behavior of rare earth elements, and is experienced in separating pure rare earth elements from a wide variety of rock types from start to finish. He is a member of the Society of Economic Geologists and the Australian Institute of Mining and Metallurgy.

Since 2008, John has been instrumental in the technical development of the Kvanefjeld project, and also in the corporate evolution of the company. He presents on the Company's behalf in commercial, technical and political forums internationally.

Mr Simon Cato, B.A., MSDIA - Executive Director

Mr Simon Cato has had over 20 years capital markets experience in both broking and regulatory roles. He has been employed by the ASX in Sydney and in Perth in the company's department which oversees the activities of listed companies. Over the last 12 years he has been an executive director of two stockbroking firms and in those roles he has been involved in many aspects of broking including management issues such as credit control and reporting to regulatory bodies in the securities industry. As a broker he has also been involved in the underwriting of a number of initial public offers and has been through the process of an initial public offer listing in a dual role of broker and director. Mr. Cato is also a director of Transactions Solutions International Limited, Advanced Share Registry Limited, and Queste Communications Limited.

Mr Jeremy Whybrow B.Sc. (Geology), Grad Dip. (Mineral Economics), MAusIMM - Exploration Director

Mr. Jeremy Whybrow graduated from Curtin University of Technology in 1996 with a Bachelor of Science degree (Mineral Exploration and Mining Geology), and has had over 15 years experience in the minerals industry both domestically and internationally. Jeremy has worked for companies such as Sons of Gwalia Ltd, PacMin Ltd, Teck Australia Ltd, Mount Edon Gold Mines Ltd and Croesus Mining NL. His experience has been mainly in the operational environment and includes significant exposure to exploration and mining operations, project evaluation and feasibility studies. Jeremy also has extensive international exploration experience having worked in China, Africa and the Philippines as well as numerous localities in Australia.

As a founding director of Greenland Minerals and Energy, Jeremy has been instrumental in conducting the exploration programs that have seen the Kvanefjeld project emerge as the world's largest resource of rare earth elements (as defined by internationally recognized reporting standards). Drawing on his solid foundation of operational experience Jeremy put in place many of the systems critical to generating the high-quality datasets that underpin the projects mineral resources.

Mr. Tony Ho, B. Com, CA, FAICD, FCIS -
Non-Executive Director

Mr. Ho is an experienced company director having held executive directors and chief financial officer roles with a number of publicly listed companies.  Tony was executive director of Arthur Yates & Co Limited, retiring from that position in April 2002.  His corporate and governance experience include being chief financial officer/finance director of M.S. McLeod Holdings Limited, Galore Group Limited, the Edward H O'Brien group of companies and Volante Group Limited. Mr. Ho is currently a non-executive director of Dolomatrix International Limited where he chairs the Audit and Compliance Committee.  He is also the non-executive chairman of St George Community Housing Limited, the largest community housing company in New South Wales.

Mr. Ho was a past non-executive director of Brazin Limited (September 1997 to January 2007) where he was also a member of the Audit and Remuneration Committees.
Prior to joining commerce, Mr. Ho was  a partner of Cox Johnston & Co, Chartered Accountants, which has since merged with Ernst & Young. Mr. Ho holds a Bachelor of Commerce degree from the University of New South Wales and is a member of the Institute of Chartered Accountants in Australia and a fellow of both the Chartered Institute of Company Secretaries and the Institute of Company Directors.

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