Objective Capital's Rare Earths, Speciality & Strategic Metals Investment Summit 2012 Ironmongers' Hall, City of London 13-14 March 2012 Speaker: John Mair, Greenland Minerals and Energy

1. RARE EARTHS, SPECIALITY
& STRATEGIC METALS
INVESTMENT SUMMIT
World class production centre in Greenland
John Mair – CEO, Greenland Minerals
and Energy
IRONMONGERS‟ HALL, CITY OF LONDON TUESDAY-WEDNESDAY, 13-14 MARCH 2012
www.ObjectiveCapitalConferences.com

2. Investor Presentation, February 2012
“Specialty Metals for a Greener World”

3. Important Notice
This presentation contains only a brief overview of Greenland Minerals and Energy Ltd (Greenland Minerals) and its respective
activities and operations. The contents of this presentation may rely on various assumptions and subjective interpretations which are
not possible to detail in this presentation and which have not been subject to any independent verification.
This presentation contains a number of forward looking statements. Known and unknown risks and uncertainties, as well as factors
outside of Greenland Minerals‟ control, may cause the actual results, performance and achievements of Greenland Minerals to differ
materially from those expressed or implied in this presentation.
To the maximum extent permitted by law, Greenland Minerals and its officers, employees and advisers are not liable for any loss or
damage (including, without limitation, any direct, indirect or consequential loss or damage) suffered by any person directly or
indirectly as a result of relying on this presentation or otherwise in connection with it.
The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue and has
been prepared without consideration of your objectives and needs and financial position. Current and potential investors and
shareholders should seek independent advice before making any investment decision in regard to Greenland Minerals or its
activates.
JORC Code Compliance – Consent of Competent Persons
The information in this report that relates to exploration results, geological interpretations, appropriateness of cut-off grades, and
reasonable expectation of potential viability of quoted rare earth element, uranium, and zinc resources is based on information
compiled by Jeremy Whybrow. Mr Whybrow is a director of the Company and a Member of the Australasian Institute of Mining and
Metallurgy (AusIMM). Mr Whybrow has sufficient experience 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 by the 2004 edition of the
“Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Whybrow consents to the
reporting of this information in the form and context in which it appears.
The geological model and geostatistical estimation for the Kvanefjeld deposit were prepared by Robin Simpson of SRK Consulting.
Mr Simpson is a Member of the Australian Institute of Geoscientists (AIG), and has sufficient experience 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 by the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.
Mr Simpson consents to the reporting of information relating to the geological model and geostatistical estimation in the form and
context in which it appears.

4. Overview
Greenland – moving to a natural resource based economy
Uranium license issued late 2011, clear licensing framework
Kvanefjeld REE-Uranium project
Project geography, mineral resources
Process flow-sheet development - low technical risk, cost competitive
Beneficiation developments – heightened efficiency, lower costs
Atmospheric leaching – high U & heavy REE extractions
Forward strategy, funding options

5. Specialty metal focused exploration and development company operating in Greenland
Primary aim: developing the Kvanefjeld multi-element project (REEs, U, Zn)
Project features world-class REE-U resource base with clear potential to become large-
scale, cost-effective producer with strong growth potential
Listed on the ASX (GGG), also trades on US OTC (GDLNF), and Frankfurt (G7P)
Market Details:
ASX: GGG
52 Week Range: $0.41 – 1.41 AUD
Shares: 410 M
Market Cap: $220 M AUD
Cash: $10.5 M AUD
Top 20 shareholders control ~75%

6. Greenland
An Emerging Mineral Province
Politically stable democracy: Autonomous constituent country within
Kingdom of Denmark
Increasing independence with transition from Home Rule to Self Rule
Greenland controls 100% of mineral rights, formerly shared with Denmark
Pro-mining government – increased independence is dependant on
establishing strong minerals and hydrocarbon industries
High-prospectivity, strong geological survey and bureau of minerals and
petroleum, clear permitting framework
Kvanefjeld license now inclusive of uranium, clear path to mining license
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7. Kvanefjeld
“A world-class project built on a solid technical foundation”
Subject of 20+ years of state-sponsored R&D (1960‟s – 1983)
Uranium focus, >$50 M (todays dollars) invested historically
Extensive metallurgical and infrastructure studies, including hydropower
Project successfully piloted at large scale
Five years of R&D conducted by GMEL (2007 – present)
Multi-element focus – REEs, uranium, zinc +, approx $60 M (AUD) invested
Strong in-house project technical team established
Strong relationships developed in Greenland
Synergies between uranium and REE extraction identified, multiple process options
Significantly de-risked, emerging as major new uranium producer, dominant heavy
REE producer, price maker in light REE concentrates
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8. Timeline of Activities
“A systematic approach from the ground up”
10,000m drilling 20,000m drilling 5,000m drilling 10,000m drilling 14,000m drilling
Environmental Environmental Geotech, Metallurgical Environmental Environmental
Baseline studies Baseline studies Sterilisation Baseline studies Baseline studies
Metallurgical
URANIUM LICENSE
studies PFS Interim Engineering study
commenced commenced PFS Report commenced
1st JORC 2nd JORC 3rd JORC 4th JORC
Resource Resource Resource Resource
U U, REE U, REE, Zn U, REE, Zn
2007 2008 2009 2010 2011
Acquired project Change of government Commenced dialogue Terms of Reference
with new government for SIA and EIA
Approved
Greenland moves from home-rule to self-rule.
Controls 100% of mineral and hydrocarbon rights New evaluation framework for projects containing uranium
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9. Project Geography
Overview of the Narsaq Peninsula, South Greenland
Ideal project location, easily accessed
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10. Northern Ilimaussaq Complex – Resources
619 Mt JORC resource defined at Kvanefjeld (6.6 Mt TREO, 350 Mlb’s U3O8’ 3 Blbs Zn),
Initial Zone 2 target - >200 Mt, Zone 3 - > 50 Mt – resource estimates – late Q1 2012
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11. Kvanefjeld Plateau – Mineral Resources
JORC-Code Compliant Resources*
619 Mt global resource, 71% Indicated Category
Metal inventory: 6.6 Mt TREO @ 1.1%, 3 Blbs Zn, 350 Mlbs U3O8
Orebody outcrops, low waste-ore ratio (<1)
High grade lenses near surface (1.4% TREO, 400 ppm U3O8)
Heavy rare earth content 370 – 520 ppm, yttrium oxide ~ 1000 ppm
*Mineral resource estimate produced by SRK Consulting, Perth, March 2011
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12. Zone 2 – A Major New REE-Uranium Deposit (initial resource – Q1 2012)
185m @ 440 ppm U3O8, 1.2% TREO
131m @ 447 ppm U3O8, 1.3% TREO
66m @ 474 ppm U3O8, 1.6% TREO
60m @ 486 ppm U3O8, 1.2% TREO
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13. STRATEGIC SIGNIFICANCE OF URANIUM RESOURCE
Recent M&A activity with uranium mining companies
Uranium endowment valued in range of USD 4.2/lb to USD 8.5/lb
 Equivalent valuation of the
project resource
 USD 2 Billion to USD 5 Billion
Olympic Dam‟s resources are 5,404 Mlbs
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14. Comparison of Rare Earth Resources
Sources: IMCOA, Company Websites @ Q1 2011
7.00
6.00
Contained REO, (Million Tonnes)
5.00
4.00
3.00
2.00
1.00
0.00
Kvanefjeld Thor Lake Mountain Mt Weld Strange Nolans Dong Pao Dubbo Bear Lodge Hoidas
Pass Lake Bore Zirconia Lake
Resources that are considered as compliant with international reporting codes, April 2011
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15. Market Analysis
Critical Rare Earths – As Defined By US Dept of Energy, 2010
First new supply will be LREEs
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16. Kvanefjeld - A cornerstone of future „Critical Rare Earth‟ supply
Projected supply of ‘critical rare earths*’ from emerging ex-China projects
*Critical rare earths (as identified by the US DOE as being critical to energy efficient technologies , and in short supply for the longer term)
Source: Technology Metals Research – Critical Rare Earths Report, 2011
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17. Value Distribution
& Market Risk
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18. Feasibility Program and Process Development
Major technical advances through 2011
Beneficiation method established and successfully piloted
Opened multiple process options, highest upgrade ratio in industry
Metallurgical leaching studies complete
Conventional atmospheric leach extracts 90-95% of uranium and heavy REEs
Single leach circuit to extract uranium and REE’s – synergy advantage
Confirms fundamental mineralogical advantage of Kvanefjeld
Unique does not mean complex, now demonstrated to be advantageous
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19. Flotation Pilot Plant
Phase 1. Sequential Flotation of Zinc, Phosphate-group REE-U minerals (steenstrupine, vitusite)
Concentrate 1. Saleable sphalerite (Zn) concentrate,
Concentrate 2. Phosphate minerals >85%TREO, 70% U into <15% of the mass (concentrate >15% TREO)
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20. Flow sheet risk analysis recently completed – 6 options evaluated
•Finalising prefeasibility program, enhanced flowsheet parameters Q2, 2012
•Established an efficient flowsheet, low-technical risk, highly scalable
•No longer require high pressure whole-of-ore alkaline leaching for uranium
extraction, followed by acid leach circuit for REE extraction
•Single conventional leach circuit preferentially targets key economic
components
•Smaller scale leach circuit required owing to up-front beneficiation
•Designed to mitigate market risk through focus on heavy REEs and
uranium, which results in strong pricing power for light REEs
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21. 21

22. Establishing a simple, effective
flowsheet with low technical risk;
Many peer projects require complex and
costly ‘mineral cracking’ – Kvanefjeld
does not
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23. LOOKING FORWARD
Resource Definition
Application for
Exploitation License
Pre-Feasibility Studies
Feasibility Study
Pilot Plant
Front End Engineering Design
Government endorsement Environmental Impact Assessment
of commencement of
Studies inclusive of Exploitation Licence
radioactive elements Approved
Social Impact Assessment Mine commissioning
First production Q1
2016
Construction
2009 2010 2011 2012 2013 2014 2015
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24. Status Summary
Since 2007 significant milestones have been met on schedule
Project fundamentally de-risked – technically, politically, corporately
Kvanefjeld is a unique project:
Top-ten global uranium producer, one of worlds largest exploitable resources
Dominant heavy REE producer, price maker in LREEs owing to price insensitivity
Highly accessible project location, optimal geography, airport, shipping access, potential
for hydropower, low political risk & pro-mining government
Unique minerals demonstrated to be highly amenable to beneficiation and conventional
leaching; strong advantage over many projects that look to process highly refractory ores
Greenland Minerals now well-positioned to look to strategic partnerships
Extensive interest from Asian, European and North American corporations
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25. Looking Forward
Q1 2012 - Closing out comprehensive pre-feasibility program
Established optimal process flowsheet, uranium & heavy REE focus
Low-technical risk, improved capital and operating costs
Major increase to global resource with initial Zone 2 and 3 resource estimates
Looking to formalise strategic partnership
Kvanefjeld is a highly strategic project – cost effective, long life supply of critical metals –
uranium and „critical rare earths‟ – highly attractive proposition to major industrials/utilities
Facilitate definitive feasibility program and project development
Aim is to align with major industrials and end users to „join the dots‟
Minimise dilution to capital structure, maximise shareholder value
Establish new incorporated joint venture structure, further de-risk project
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26. Consistent stakeholder engagement since commencing operations = strong stakeholder support
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27. SUMMARY
Advancing one of the worlds most strategically important projects
 Kvanefjeld is a unique project; potential global top 10 U3O8 producer, dominant heavy REE
producer; low-cost, low risk light REE producer
 World class JORC-compliant multi-element resource with enormous upside
 Clear potential for Kvanefjeld to become the world‟s new large-scale, long term supplier of
critical REEs (potential to supply ~ 20% of future „critical REE‟ demand)
 Multi-commodity approach – low risk approach to rare earth production
 Project built on years of high quality technical studies
 Flagship project of Greenland‟s emerging minerals industry, strong stakeholder support
 Strong interest from potential strategic partners – facilitate development and drive value growth
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28. View over the broader geography of the Kvanefjeld multi-element project. The distance from Narsaq to Narsarsuaq
airport is approximately 45km. Lake systems have been extensively studied for the development of hydro-electric power.
The fjords remain ice free, year round and provide ideal access for shipping directly to and from the project area. A number
of sites are now being evaluated for the location of the processing plant and associated infrastructure.
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30. Project Ownership Structure
Recent agreement reached for GMEL to
acquire balance of project for $39
M, 7.825 M shares. 5M options (ex
$1.50)
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31. Kvanefjeld Multi-Element Project, Statement of Identified Mineral Resources, March 2011
Multi-Element Resources, Classification, Tonnage and Grade Contained Metal
Cut-off Classification M tonnes TREO2 U3O8 LREO HREO REO Y2O3 Zn TREO HREO Y2O3 U3O8 Zn
(U3O8 ppm)1 Mt ppm ppm ppm ppm ppm ppm ppm Mt Mt Mt M lbs Mt
150 Indicated 437 10929 274 9626 402 10029 900 2212 4.77 0.18 0.39 263 0.97
150 Inferred 182 9763 216 8630 356 8986 776 2134 1.78 0.06 0.14 86 0.39
150 Grand Total 619 10585 257 9333 389 9721 864 2189 6.55 0.24 0.53 350 1.36
200 Indicated 291 11849 325 10452 419 10871 978 2343 3.45 0.12 0.28 208 0.68
200 Inferred 79 11086 275 9932 343 10275 811 2478 0.88 0.03 0.06 48 0.20
200 Grand Total 370 11686 314 10341 403 10743 942 2372 4.32 0.15 0.35 256 0.88
250 Indicated 231 12312 352 10950 443 11281 1032 2363 2.84 0.10 0.24 178 0.55
250 Inferred 41 11251 324 10929 366 10426 825 2598 0.46 0.02 0.03 29 0.11
250 Grand Total 272 12152 347 10947 431 11152 1001 2398 3.30 0.12 0.27 208 0.65
300 Indicated 177 13013 374 11437 469 11906 1107 2414 2.30 0.08 0.20 146 0.43
300 Inferred 24 13120 362 11763 396 12158 962 2671 0.31 0.01 0.02 19 0.06
300 Grand Total 200 13025 373 11475 460 11935 1090 2444 2.61 0.09 0.22 164 0.49
350 Indicated 111 13735 404 12040 503 12543 1192 2487 1.52 0.06 0.13 98 0.27
350 Inferred 12 13729 403 12239 436 12675 1054 2826 0.16 0.01 0.01 10 0.03
350 Grand Total 122 13735 404 12059 497 12556 1179 2519 1.68 0.06 0.14 108 0.31
1There is greater coverage of assays for uranium than other elements owing to historic spectral assays. U3O8 has therefore been used to define the cutoff grades to maximise the confidence in the resource calculations.
2Total Rare Earth Oxide (TREO) refers to the rare earth elements in the lanthanide series plus yttrium.
Note: Figures quoted may not sum due to rounding.
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