The information is for shareholders and not intended to guide any - - PowerPoint PPT Presentation

The information is for shareholders and not intended to guide any investment decisions in Greenland Minerals and Energy Ltd (GGG). Some of the information is intended as a guide to the potential of the Kvanefjeld project but is not predictive. Consideration of the technical and financial factors requires skilled analysis and understanding of their context. The project is considered to be at an advanced exploration stage and will require regulatory approvals and securing of finance and there is no certainty that these will occur. Any potential investors should conduct their own research and consult their professional advisors before making any decisions about investing in GGG.

The changing world of Uranium

• Project offered to the company Early October 2006
• The company has taken a LONG TERM view on Uranium
• Uranium prices have been moving steadily up.
• Uranium (U3O8) was approximately US$40 a pound early 2006
• Uranium (U3O8) was approximately US$75 a pound early 2007
• Uranium (U3O8) is now approximately US$100 a pound after having

reached a high of US$133 in July 07

• The company perceives a shift in attitude worldwide by governments

towards the exploitation and use of Uranium and is positioning the company ahead of this change

Project Location

Title

• Currently the license does not include Uranium.
• However;
• Advice from The Bureau of Minerals and Petroleum (BMP) in

Greenland and Nuna Law (Greenland's leading law firm), both indicate exploration (and mining) as a by-product of normal activities may be applied for. It is with this in mind that the company is utilising Uranium as a real time pathfinder to locating the Kvanefjeld orebody and to direct future exploration.

• Laws in Greenland relating to Uranium exploration and

exploitation are currently under review in regards to policy, these views are expected later this year.

Local facilities

Deep water port Kvanefjeld ~8km by dirt road The town of Narsaq has a skilled population

• f approx 3500.

Kvanefjeld Orebody

Kvanefjeld

Kvanefjeld Multi-element Project

• Huge Upside (open to South, West & at depth).
• Large Uranium Resource Identified.
• Coincident additional occurrences of
• Lithium
• Beryllium
• Zirconium
• Rare Earth Elements (REE)
• Sodium Fluoride (>5%)
• Ex-Deputy Minister of Mines for Greenland Mr. Hank

Schønwandt has joined the board as Executive Chairman.

• Options to Acquire up to 100%.

Pathfinder benefits

• The company is using Uranium as a path finder to

the orebody

• Kvanefjeld comprises multi-element mineralisation

high in concentrations of Niobium, Tantalum, Beryllium, Lithium, Sodium Fluoride as well as Uranium.

• Uranium, due to its radioactive nature is readily

detected regionally by airborne radiometric surveys and at a finer scale (hand specimen or drill core) by using a Scintillometer.

• Thus provides rapid & effective way of defining

Kvanefjeld ore body.

• Detailed radiometric survey completed over Kvanefjeld.
• Up to 11,000m of drilling budgeted for 07 season.
• Completed 8,000m of diamond drilling to date.
• 2 diamond drill rigs on site. 3rd requested for 2008.
• Helicopter supported.
• Drill camp for 30 people.
• Single largest exploration program ever to have occurred in

Greenland.

• Spectral re-assay of old holes to confirm resource. Company

applied to Danish Gov. agency to take possession of the 11,000m of historical core. Expected during Sept 2007

• Up to 22,000m of results expected from this season for resource

modeling purposes

2007 Field Season

1957–1983 Danish Atomic Energy Agency + Danish Geological Survey completed 11,000m

• f

diamond drilling defining resource*

• f

126mt @ 400ppm U3O8.

Resource verified by Nuclear Energy Agency OECD (2006 Red Book)

43,000 tonnes U metal = 50,700 tonnes U3O8 = >112,000,000lb U3O8

*This resource has been identified as an Inferred Resource by our consulting geologist , refer our 21 May 2007 announcement.

Less than 10% of the mineralised complex has been drill tested. An ultra detailed radiometric survey has detected further possible target areas

The company has the rights for all minerals

• n

2005/28 (northern License) and Uranium, REO’s, lithium, Beryllium + sodium fluoride on 2005/29 (southern license).

Examples of higher grade mineralised zones throughout the orebody

Kvanefjeld Figure 4

Local geology and historical drill hole locations

More than 70 historical diamond holes have been drilled into the Kvanefjeld project since 1959. 11,000m budgeted (~50 holes) from 2 drill rigs expected for this season. (8,000m currently) Up to 22,000m of results anticipated to be collected this field season

Historical drill locations. These holes and a 1km adit through the central system formed the basis for Inferred Resource of 50,700t U3O8. 20,000t was mined from the adit 4500t was taken for metallurgical test work. Pilot plant constructed in Copenhagen.

Section through Kvanefjeld

The company is utilising Uranium mineralisation as a real time pathfinder for the multi-element orebody

Note section A-B Also shown are this years planned holes In addition 12 more holes are planned for the mine area and southern and western extension

Joint venture area (Northern portion)

50,700t U3O8 Kvanefjeld Inferred Resource

Port town of Narsaq

8km

High priority Target area Priority Target Priority Target

Current drilling area JV area (Southern portion)

Radiometrics over Kvanefjeld highlighting extensions to mineralisation (red and yellow signifies v. high readings) This newly identified extension could impact significantly

• n

the existing resource. Historical Kvanefjeld Inferred Resource, 50,700t U3O8 Expected Resources Potential resources

Recent drill results

Recent drill results from holes 74, 75, 82, and 108

• 66.52m @ 843ppm U3O8 in hole K108 (from 1.6 metres)
• 66.51m @ 480ppm U3O8 in hole K108 (from 106 metres)
• 43.61m @ 593ppm U3O8 in hole K82 (from 12.5 metres)
• 33.80m @ 529ppm U3O8 in hole K075 (from 66.3 metres)
• 53.11m @ 504ppm U3O8 in hole K74 (from 97.2 metres)

480 66.51

172.56 106.05

461 22.72

102.06 79.34

843 66.52 68.16 1.64 K108

290 15.72 290.26 274.54 319 13.81 173.06 159.25 402 41.6 142.65 101.05

593 43.61 56.16 12.55 K082 286 101.62 230.06 128.44

350 31.41

116.66 85.25

382 50.62

77.76 27.14

603 13 14.45 1.45 K081

363 36.12 232.06 195.94 397 37.92 162.86 124.94

426 12.11

96.66 84.55

529 29.71 80.66 50.95 533 5.32 42.66 37.34 K078

305 51.8 273.15 221.35

433 29.91

138.06 108.15

529 33.8 102.85 69.05 K075 504 53.11 150.36 97.25

372 30.31

76.85 46.54

364 20.82

21.76 0.94

K074

espU3O8 Intersection To From

• The results are inline with historical resource estimates.
• Drilling intersected mineralisation at 300m depth; on average

100 metres deeper than previous resource modelling.

• Mineralisation is open at depth.
• Drilling has extended mineralisation to the South and West.
• The mine area and northern area proven to be contiguous;

this area was not included in the historical resource.

• Significant additional mineral assemblages identified

supporting the company’s view that Kvanefjeld is one of the largest Rare Earth Oxide, Uranium and Fluorine deposits in the world.

Conclusions from work thus far;

Other Uranium Deposits Comparison

Kvanefjeld: 50,700 tonnes U3O8 Inferred Resource (400ppm). Expected to

increase significantly during early 08 re-estimate

Market Cap AU$270m fully diluted.

Langer Heinrich 47,930 tonnes U3O8 Global Resource @ 640ppm.

Market Capitalisation AU$3.7bn

Rossing Uranium Mine 190,000 tonnes U3O8 current Mine Resource @ ~320ppm.

Supplies ~7% of world demand.

1 tonne U3O8 = 0.848 tonnes U metal 1 lb U3O8 = 0.385 kg U metal

Apart from additional elements Kvanefjeld is rich in Uranium

Niobium & Tantalum

presence proven during historical work

Rare Earth Oxides

historical indication of > 3%

Beryllium

historical indication of 0.1% Be

Lithium

historical indication of 600-1900ppm

Sodium Fluoride

Visual identification of >10% in core.

Significant portions of the orebody are water soluble

The Kvanefjeld intrusion is truly a world class multi-element orebody

Major Developments

• Hans Kristian Schønwandt, ex Deputy Minister
• f Mines Executive Chairman, August 2007.
• U$8.8M capital raising (8.8m shares at AU$1)

completed with Sampension, the leading Danish Municipal Superannuation Fund taking the majority.

• Contact made with Danish Atomic Energy

Agency (RISO) feasibility study project manager (1977-1984), Jorgen Jensen. Jorgen has access to entire dataset of historical feasibility study.

• Site visit by BMP Greenland undertaken

September 1st. BMP very supportive.

Upcoming milestones 1 of 2

• Current - Results have started to flow to market.
• October-

Public presentation in Nuuk expected. Greenlandic-Danish commissions debate increased Greenlandic self-governing inc. transfer of mineral rights to Greenland.

• Late

2007-

Greenland and Danish Parliament debate recommendations. All issues expected to be ratified including the transfer of these rights to Greenland.

Upcoming milestones 2 of 2

• Early 2008 - Debate on Uranium in the Greenlandic
• Parliament. GGG Chairman giving presentation.
• Early 2008 - Resource upgrade, expected increase in

grade and tonnes, start pre-feasibility study.

• 2008 Season
• (Start

mid May). All resources reserved for next years work. Incorporating regional exploration and larger drill program for Kvanefjeld. Pre-Feasibility study underway.

Currently own 61% A$10M (Cash/Shares#) Acquire 90%

• Additional $50M (cash)*

Acquire 100%

• Additional $2M

upon BMP issuing a license

+ 10M Shares

that includes Uranium

# Shares issued at approximate market value at time. * At GGG discretion, realistically at commencement of mining.

Corporate 1 of 2

Current Capital Structure.

• >$10M post 2007 exploration season.
• 155M Shares.
• 143M Options (ex 20c)
• Fully diluted market capitalisation @ AU$1.00

is ~AU$270m

Corporate 2 of 2

Board of Directors

Hans Kristian Schønwandt

Executive Chairman

Mr Roderick McIllree

Managing Director

Mr Malcolm Mason

Technical Director

Mr Simon Cato

Executive Director

Mr Jeremy Whybrow

Exploration Director

Mr Simon Stafford-Michael

Non-Executive Director

Mr Tony Ho

Non-Executive Director

Responsibility Statements

• The information in this report that relates to Mineral Resources and Ore Reserves is based on information compiled by John

Wyatt, who is a Member or Fellow of The Australasian Institute of Mining and Metallurgy or the Australian Institute of Geoscientists or a ‘Recognised Overseas Professional Organisation’ (‘ROPO’) included in a list promulgated by the ASX from time to time.

• John Wyatt has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration

and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. John Wyatt consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

• The information in this report that relates to Exploration Results other than the calculated Uranium grades on slides 22 and

23 is based on information compiled by Roderick McIllree BSc MAusIMM.

• Mr. McIllree is a full-time employee of Greenland Minerals And Energy Limited. Mr. McIllree has sufficient experience

which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

• Mr. McIllree consents to the inclusion in the report of the matters based on their information in the form and context in which

it appears.

Responsibility Statements, continued

• All holes were logged with an Auslog spectral gamma tool. The gamma tool was calibrated in Adelaide at the

Department of Water, Land and Biodiversity Conservation in calibration pits constructed under the supervision of

• CSIRO. The gamma tool measures the total gamma ray flux in the drill hole. Readings are typically averaged over

7.5 centimetre intervals and the reading and depth recorded on a portable computer.

• At Kvanefjeld, there is a contribution to the gamma radiation from the decay of thorium. The thorium spectral

signature is dominated by a high energy gamma radiation peak and lower energy gamma radiation resulting from the scattering of the high energy gamma rays with the surrounding rocks. This thorium spectrum is measured by the spectral tool and ‘stripped’ from the uranium gamma radiation spectrum. The remaining uranium spectral gamma ray readings are then converted to equivalent U3O8 readings by using the calibration factors derived in the Adelaide calibration pits. These factors also take into account differences in hole size and water content. The grade and calibration was calculated by David Wilson.

• The gamma radiation used to calculate the equivalent U3O8 is predominately from the daughter products in the

uranium decay chain. When a deposit is in equilibrium, the measurement of the gamma radiation from the daughter products is representative of the uranium present. It takes approximately 2.4M years for the uranium decay series to reach equilibrium. Thus, it is possible that these daughter products, such as radium, may have moved away from the uranium or not yet have achieved equilibrium if the deposit is younger than 2.4M years. In these cases the measured gamma radiation will over or under estimate the amount of uranium present. The Kvanefjeld deposit is approximately 1,000M years old and is considered to be in radiometric equilibrium. Tests conducted by the Danish Government have confirmed that the deposit is in equilibrium.

• The calculated uranium grades, on slides 22 and 23 of this report, are based on information compiled by David

Wilson BSc MSc MAusIMM from 3D Exploration Ltd based in Western Australia.

• Mr. Wilson is a full-time employee of 3D Exploration Pty Ltd, a consultant to Greenland Minerals and Energy
• Limited. Mr. Wilson has sufficient experience which is relevant to the style of mineralisation and type of deposit

under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

• Mr. Wilson consents to the inclusion in the report of the matters based on their information in the form and context

in which it appears.