Meeting with Naaja, page-49

Its an extremely low grade resource and an ore type that's never been processed before at any scale.

Mount Pass mine, that was owned by Molycorp and now MP materials, is a Bastnaesite ore body which they had decades of experience processing yet when they attempted to do it at a large scale, they failed. MP Materials still struggling to get the processing plant to work.

Mount Weld Mine, owned by Lynas, is a Monazite ore body that's been processed around the world for many decades, yet Lynas had major issues getting their processing pant up and running. Again, it was the scale that created the issues.

Browns Range, owned by northern Minerals, is a low grade Xenotime ore body. Lab bench tests conducted indicated the ore was amenable to flotation benefaction techniques and that it would be relatively easy to process, producing a low cost, high grade concentrate. The company built a 1/10 scale pilot plant and it failed to produce the right results. Its now been mothballed.

Its great that GGG have done some lab bench tests on the Lujavrite ore body but the reality is that when done at scale, and at the scale required to make a low grade resource economical, there's a massive risk it wont work.

Good to see the Greenland government realise those risks where clearly many investors here don't. Processing an ore body with no processing history at scale, poses a far greater risk then any environmental risks associated with the project.