Greenland Rare Earth Project

Operator: External Contractors

Ownership: 100% interest

Location:

Southern Greenland

Development Stage:

Early Exploration

Background

Cadence has one exploration Licences covering an area of 21 km2. This license is on the eastern boundaries of Greenland Minerals and Energy Limited’s ‘GGG’ licences that encompass the world-class Kvanefjeld, Sørenson, Zone 3 and Steenstrupfjeld Rare Earth Element (REE) deposits.

GGG’s latest estimates for inferred and indicated mineral resources at the Kvanefjeld deposit, as defined by JORC (March 2011), include a metal inventory of 6.55 million tonnes (Mt) of Total Rare Earth Oxides (TREOs), including 0.24 Mt of Heavy Rare Earth Oxides (HREOs) and 0.53 Mt of yttrium oxide, 350 Mlbs of U3O8 and 3 Blbs of zinc.

An extensive exploration programme was carried out on all four of  Cadence’s exploration licences in south Greenland from June to August 2014.We will continue to review this licenses on an annual basis, and will watch the progress that GGG makes over the coming years as it develops this world class asset.