Raw materials for
a clean and energy
efficient future
2015
AnnUAl
RePORT
Contents
2015 Highlights
Chairman’s letters
Review of Operations
Annual financial Report
directors’ report
Auditor’s independence declaration
independent auditor’s report
director’s declaration
Consolidated statement of profit or loss and
other comprehensive income
Consolidated statement of financial position
Consolidated statement of changes in equity
Consolidated statement of cash flows
notes to the accounts
1 General information
2 Significant accounting policies
3 Critical accounting estimates and judgments
4 Segmented information
5 Revenue
6 Expenditure
7 Income tax expense
8 Cash and equivalents
9 Trade and receivables
10 Other assets
11 Property plant and equipment
12 Capitalised exploration and evaluation expenditure
13 Trade and other payables
14 Other liabilities
15 Provisions
16 Issued capital
17 Reserves
18 Dividends
19 Accumulated loss
20 Loss per share
21 Commitments for expenditure
22 Subsidiaries
23 Notes to the statement of cash flows
24 Share based payments
25 Financial instruments
26 Key management personnel compensation
27 Key management personnel equity holdings
28 Transactions with related parties
29 Parent company information
30 Remuneration of auditors
31 Subsequent events
Additional stock exchange information
Greenland Minerals and enerGy liMiTed – 2015 AnnUAl RePORT
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Corporate Directory
direcTors
Anthony Ho
non-executive Chairman
John Mair
Managing Director
Simon Cato
non-executive Director
Michael Hutchinson
non-executive Director
CHief finAnCiAl
OffiCeR/COMPAny SeCRetARy
Miles Guy
ReGiSteRed And HeAd OffiCe
Unit 6, 100 Railway Road
Subiaco WA 6008
Greenland
nuugaarmiunt B-847
3921 narsaq, Greenland
HOMe StOCk exCHAnGe
Australian Securities exchange, Perth
Code: GGG
GGGOA
GGGOB
audiTors
Deloitte Touche Tohmatsu
SHARe ReGiStRy
Advanced Share Registry
110 Stirling Highway
nedlands WA 6009
COMPAny WeBSite
www.ggg.gl
2015
Highlights
Kvanefjeld Feasibility Study complete, confirming the project can be
developed to be a highly profitable, low-cost diversified producer of rare
earth products, uranium, zinc and fluorspar
Maiden Ore Reserve estimate established – 108 million tonnes, to
underpin initial 37 year mine-life, with clear potential to expand capacity
and increase mine life
Two large-scale pilot plant operations successfully conducted in Finland
in association with the EURARE program. The first pilot plant tested the
beneficiation circuit and generated two tonnes of mineral concentrate.
The second pilot plant successfully operated the refinery circuit, and
demonstrated higher than expected recoveries. The pilot plant operations
confirmed Kvanefjeld’s status as one of the most advanced rare earth and
uranium projects globally
Pre-hearing white paper completed and approved by Government
of Greenland, along with Terms of Reference. This sets an agreed
development strategy
Significant progress made by the Government of Greenland on enhancing
their regulatory framework to effectively manage the production and export
of uranium in accordance with international best-practice. Landmark
agreement reached between Greenland and Denmark on uranium exports
in early 2016
Completion of the environmental and social impact assessments, which
together with the Feasibility study, constitute an exploitation (mining)
license application. The application was then lodged with the Government
of Greenland to commence the guidance phase which provides feedback
prior to finalising material for public hearings
Greenland Minerals and enerGy liMiTed – 2015 AnnUAl RePORT
1
Chairman's letter
Dear Shareholder,
In 2015 our Company made major progress toward securing a mining license for our
key exploration license in Greenland that hosts Kvanefjeld and related rare earth and
uranium deposits. Against the negative headwinds that have affected much of the
resource sector globally, this was both an all-important and transformative development.
Securing a license to operate is critical to any successful mining venture, and, as is
widely known, projects that involve uranium have heightened levels of scrutiny and
attention. We are confident that the Kvanefjeld project is well-positioned for the current
low ebb in the mining cycle with major technical studies complete and a focus on
permitting. This will have the Company well placed to commercialise the Kvanefjeld
project, with the aim of having permits in place as sector interest rejuvenates.
I believe Kvanefjeld has strong appeal to major industrial groups operating in the rare
earth and uranium sectors, owing to the expansive resource inventories, long-projected
mine life, and low operating costs. This has been reiterated by the cross section of
groups that our Company continues to engage and advance discussions with. With the
permitting process underway, increased confidence in political support and timelines
will continue to de-risk the project, and assist in securing strong strategic partners to
facilitate the projects development.
Kvanefjeld is arguably Greenland’s highest profile mining project, and significant
political capital has now been invested over a number of years to establish the
regulatory framework that is required to see the project developed. Based on the
achievements of 2015, it is safe to say, the Kvanefjeld project has never been better
positioned. However, in recognising the challenging market conditions the Company
has cut costs significantly, with the aim of working through the permitting phase as
efficiently, and cost-effectively as possible.
While rare earth prices along with uranium prices have remained low, and many sector
peers have stalled or retreated, we have maintained focus. By virtue, Kvanefjeld’s
status as one of the most advanced rare earth and uranium projects globally has
been further consolidated. Importantly, we have managed to reach this point while still
maintaining 100% control of the project.
Yours sincerely
Anthony Ho
non-executive Chairman
2
Greenland Minerals and enerGy liMited – 2015 AnnuAl RepoRt Based on the achievements
of 2015, it is safe to say, the
Kvanefjeld project has never
been better positioned.
3
Greenland Minerals and enerGy liMited – 2015 AnnuAl RepoRt Review of Operations
Greenland Minerals and energy limited
(GMEL) complete a successful year through the
achievement of key objectives and milestones.
The year concluded with the completion and
lodgment of a mining license application for
the Kvanefjeld Project. This represented the
culmination of work conducted on and associated
with the project since 2007 across technical,
corporate and stakeholder focused areas.
GMEL’s key license in southern Greenland is
held through a full owned subsidiary, Greenland
Minerals and Energy (Trading) A/S. The license
has three delineated deposits that collectively
comprise a global JORC (2012) resource
estimate of 1 billion tonnes, containing 593 Mlbs
U3O8, and 11Mt rare earth oxide and 5.3 Blbs
zinc (ASX Announcement, 12 February, 2015).
The deposits remain open, and represent one
of the world’s largest undeveloped resources of
rare earth metals and uranium.
The initial development strategy focuses on
a subset of Kvanefjeld, the most advanced
of the three deposits. A 108 Mt ore reserve
(ASX Announcement, 3 June, 2015) has been
established, and is sufficient to sustain a 37 year
mine life.
The project is set to produce a rare earth
product containing praseodymium, neodymium,
dysprosium and terbium (the key permanent
magnet components), uranium oxide, zinc
concentrate and fluorspar. The processing of
the mining license application for Kvanefjeld is
a key focus in 2016. In addition, the Company
will look to identify and pursue further value add
initiatives afforded by the broader project area
and contained mineral resources.
Mineral Resource estimate Update for
the kvanefjeld Project
A new estimate was completed in February
2015 and was undertaken following an increase
in the density of geochemical data at the
Kvanefjeld deposit that was generated from
assay program in late 2014 on historically-
drilled cores. The resource estimates for the
Sørensen and Zone 3 deposits remained
unchanged. All mineral resources are compliant
with the JORC-code 2012.
kvanefjeld deposit:
■■ Increase in overall resources to 673
million tonnes (8.7% increase), containing
368 million pounds U3O8 (5% increase),
7.4 million tonnes Total Rare earth Oxide
(12% increase)
■■ 143 million tonnes in ‘Measured’ category
@ 303ppm U3O8, 1.2% TReO and
0.24% zinc
■■ This includes 54 million tonnes @
403ppm U3O8, 1.4% TReO and
0.24% zinc
■■ Measured category resources form the
uppermost part of the Kvanefjeld deposit,
and are readily accessible for mining
Global Resources
(All three deposits)
■■ Project global resources now stands at
1.01 billion tonnes containing 593 million
pounds U3O8, 11.13 million tonnes TReO
The Kvanefjeld deposit will be the starting point
of mining operations. In conjunction with the
outcomes of feasibility study components, the
measured category resources provided the basis
for establishing the initial mine reserve.
The mineral resource estimate was carried out
by SRK Consulting, who also produced the
mine schedule. Drill intercepts from outside
Kvanefjeld, Sørensen and Zone 3 resource shells
highlight the extent of widespread mineralisation
throughout the northern Ilimaussaq Complex, and
the resource upside (Figure 1).
The mineral resource update confirmed that
GMEL’s 100% controlled license contains one
of the world’s largest undeveloped JORC-code
(2012) compliant resources of both rare earth
elements and uranium.
4
Greenland Minerals and enerGy liMited – 2015 AnnuAl RepoRt The deposits remain open,
and represent one of the
world’s largest undeveloped
resources of rare earth
metals and uranium.
figure 1: Overview of GMEL’s 100% controlled license over the northern Ilimaussaq Complex in
southern Greenland. Three JORC code-compliant mineral resources have been established from
an ore seam that persists over >502km. Widespread mineralisation has been demonstrated to occur
outside established resource envelopes. The initial development strategy, that is now in the permitting
phase, is focussed on just the Kvanefjeld Deposit, where a ore reserve estimate has been established
that is sufficient to sustain an initial 37 year mine life.
5
GreenlandNuukGodhavnTasiilaqNordScoresbysundNarsaqKvanefjeld Project400kmGreenland Minerals and enerGy liMited – 2015 AnnuAl RepoRt Review of Operations (continued)
kvanefjeld feasibility Study
GMEL completed the Feasibility Study in May
2015, the Study proposes a development strategy
to mine 3 million tonnes per annum to produce
250,000 tonnes of rare earth and uranium rich
mineral concentrate, and 15,000 tonnes of zinc
concentrate (sphalerite). The rare earth and
uranium rich mineral concentrate is then refined
to produce:
■■ 7,900 tonnes of high-purity critical mixed
rare earth concentrate (nd, Pr, eu, Tb,
Dy, Y)
■■ 512 tonnes of uranium oxide
■■ Lanthanum and cerium by-products
■■ Fluorspar is recovered from the
flotation circuit
the production of the above products
will take place in Greenland. the key
strengths of the project include:
■■ A world-class multi-element resource
base that remains open to expansion,
allowing for further development
opportunities
■■ A simple process flow sheet that has
been rigorously developed, which
concentrates the key value minerals
into a low-mass, high grade mineral
concentrate for efficient refining
■■ Unlike many projects in the rare earth
sector (developed or emerging), the
mineral concentrate can be treated by
a simple atmospheric acid leach circuit,
without complex and costly mineral
cracking, presenting significant cost
benefits with reduced technical risk
■■ By-product credits reduce the costs of
rare earth production significantly
■■ Incremental cost of recovering uranium is
low at less than $5.80/lb U3O8
■■ Ability to land lanthanum and cerium
products in Europe for 5
years
$' 000
total
$' 000
-
-
-
-
2,706
43
2,749
-
5,569
172
5,741
dec 2015
Cash and equivalents
Trade and receivables - current
dec 2014
Cash and equivalents
Trade and receivables - current
64
65
6565
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
notes to the accounts
25: financial instruments
The following table details the Consolidated Group’s remaining contractual maturity for its non-
derivative financial liabilities. The tables have been drawn up based on the undiscounted cash flows
of financial liabilities based on the earliest date on which the Group can be required to pay. The table
includes both interest and principal cash flows.
Weighted
Average
effective
interest
rate
%
-
-
-
-
< 6
Months
$' 000
6 – 12
Months
$' 000
1 – 5
years
$' 000
> 5
years
$' 000
total
$' 000
987
-
987
786
-
786
-
-
-
-
85
85
-
-
-
-
-
-
-
-
-
-
-
-
987
-
987
786
85
871
dec 2015
Trade and other payables
Other liabilities
dec 2014
Trade and other payables
Other liabilities
(e) interest rate risk
The Consolidated Group is exposed to interest rate risk because it places funds on deposit at variable
rates. The risk is managed by the Consolidated Group by monitoring interest rates.
The Consolidated Group’s exposures to interest rates on financial assets and financial liabilities are
detailed in the liquidity risk management section of this note.
The Group has performed sensitivity analysis relating to its exposure to interest rate risk at balance
date. This sensitivity analysis demonstrates the effect on the current year results and equity post tax
which could result from a change in these risks. In the analysis a 1% or 100 basis points movement
has been applied on the assumption that interest rates are unlikely to move up more than that and
less likely to fall. This is taking into account the current interest rate levels and general state of the
economy.
There has been no change in managing credit risk or the method of measuring risk from the prior
year.
interest Rate Sensitivity Analysis
At 31 December 2015, the effect on profit and equity as a result of changes in the interest rate, with
all other variables remaining constant would be as follows:
Change in profit
Increase in interest rate by 1% (100 basis points)
Decrease in interest rate by 1% (100 basis points)
dec
2015
$' 000
dec
2014
$' 000
23
(23)
74
(71)
A 1% or 100 basis points variable has been applied to the interest rate sensitivity analysis, after giving
consideration to the current interest rate levels and general state economy.
66
66
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
notes to the accounts
25: financial instruments
The following table details the Consolidated Group’s remaining contractual maturity for its non-
derivative financial liabilities. The tables have been drawn up based on the undiscounted cash flows
of financial liabilities based on the earliest date on which the Group can be required to pay. The table
includes both interest and principal cash flows.
Weighted
Average
effective
interest
rate
%
-
-
-
-
< 6
6 – 12
Months
Months
$' 000
$' 000
1 – 5
years
$' 000
> 5
years
$' 000
total
$' 000
987
-
987
786
-
786
-
-
-
-
85
85
-
-
-
-
-
-
-
-
-
-
-
-
987
-
987
786
85
871
dec 2015
Trade and other payables
Other liabilities
dec 2014
Trade and other payables
Other liabilities
(e) interest rate risk
The Consolidated Group is exposed to interest rate risk because it places funds on deposit at variable
rates. The risk is managed by the Consolidated Group by monitoring interest rates.
The Consolidated Group’s exposures to interest rates on financial assets and financial liabilities are
detailed in the liquidity risk management section of this note.
The Group has performed sensitivity analysis relating to its exposure to interest rate risk at balance
date. This sensitivity analysis demonstrates the effect on the current year results and equity post tax
which could result from a change in these risks. In the analysis a 1% or 100 basis points movement
has been applied on the assumption that interest rates are unlikely to move up more than that and
less likely to fall. This is taking into account the current interest rate levels and general state of the
There has been no change in managing credit risk or the method of measuring risk from the prior
economy.
year.
interest Rate Sensitivity Analysis
At 31 December 2015, the effect on profit and equity as a result of changes in the interest rate, with
all other variables remaining constant would be as follows:
Change in profit
Increase in interest rate by 1% (100 basis points)
Decrease in interest rate by 1% (100 basis points)
A 1% or 100 basis points variable has been applied to the interest rate sensitivity analysis, after giving
consideration to the current interest rate levels and general state economy.
dec
2015
$' 000
dec
2014
$' 000
23
(23)
74
(71)
66
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
notes to the accounts
25: Financial instruments (cont’d)
fair value of financial instruments
The carrying value of all financial instruments is the approximate fair value of the instruments. This is
based on the fact that all financial instruments have either a short term date of maturity or are loans to
subsidiaries.
26: key management personnel compensation
The aggregate compensation made to key management personnel of the Consolidated Group is set
out below:
Short-term employee benefits
Post-employment benefits
Other long-term benefits – provision for
long service leave
Share-based payment
year ended
31 dec
2015
$
795,100
65,075
year ended
31 dec
2014
$
1,388,702
92,689
22,633
-
882,808
37,942
711,329
2,230,662
Refer to the remuneration report included in pages 24 to 31 of the Directors report for more detailed
remuneration disclosures.
67
6767
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
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7171
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
notes to the accounts
28: transactions with related parties
Simon Cato is a non-executive Director and Chairman of Advanced Share Registry limited.
Advanced Share Registry Limited provides share registry services to Greenland Minerals and energy
Limited. These services are supplied on normal commercial terms and Mr Cato does not receive any
remuneration from Advanced Share Registry Limited based on the supply of share registry services to
the Consolidated Group. For the year ended 31 December 2015 $73,365 was paid to Advance Share
Registry Limited for services provided (Dec 2014: $83,333).
29: Parent Company information
financial position
Total Current Assets
Total non-Current Assets
Total Assets
Total Current liabilities
Total non-current liabilities
Total liabilities
net Assets
equity
Issued Capital
Reserves
Accumulated losses
Total equity
financial Performance
Profit (loss) for the year
total comprehensive income
Parent
dec
2015
$' 000
dec
2014
$' 000
2,863
73,856
76,719
1,044
97
1,141
75,578
5,804
69,369
75,173
893
50
943
74,230
348,361
19,813
(292,596)
75,578
344,349
18,833
(288,952)
74,230
3,645
3,645
6,321
6,321
Contingent liabilities
The parent company has no contingent liabilities as at 31 December 2015 or 2014.
Guarantees
Greenland Minerals and energy limited has guaranteed the provision of funding and support to the
Company’s 100% held subsidiary, Greenland Minerals and energy limited (Trading) A/S). This
funding forms part of the Consolidated Group’s approved budgeted expenditure.
Greenland Minerals and Energy Limited has placed $220,000 and $169,905 into two separate deposit
accounts with the Company’s bank. These deposits are held by the bank as security over corporate
credit cards issued to the Company and deposit bond and lease office premises respectively.
72
72
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
notes to the accounts
30: Remuneration of auditors
Auditor of the parent entity
Audit or review of the financial report
Other assurance services
non-audit services - taxation
Related practice of the parent entity auditor
Audit or review of the financial report
non-audit services – taxation
non-audit services – other
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
dec
2015
$
101,633
8,000
-
109,633
dec
2015
$
26,316
1,583
1,583
29,482
dec
2014
$
91,350
8,500
8,085
107,935
dec
2014
$
26,661
1,838
2,942
31,441
The auditor of Greenland Minerals and energy limited is Deloitte Touche Tohmatsu.
31: Subsequent events
The Company on 16 February 2016 issued 15,000,000 GGGOB options. These options were issued
under the Secondary Trading Prospectus issued on 2 February 2016. The options were issued to
Corporate Advisers for corporate advisory services to be provided.
Other than the matter above, there have been no matters or circumstances occurring subsequent to
the financial period that has significantly affected, or may significantly affect, the operations of the
Consolidated Group, the results of those operations, or the state of affairs of the Consolidated Group
in future years.
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
notes to the accounts
28: transactions with related parties
Simon Cato is a non-executive Director and Chairman of Advanced Share Registry limited.
Advanced Share Registry Limited provides share registry services to Greenland Minerals and energy
Limited. These services are supplied on normal commercial terms and Mr Cato does not receive any
remuneration from Advanced Share Registry Limited based on the supply of share registry services to
the Consolidated Group. For the year ended 31 December 2015 $73,365 was paid to Advance Share
Registry Limited for services provided (Dec 2014: $83,333).
29: Parent Company information
financial position
Total Current Assets
Total non-Current Assets
Total Assets
Total Current liabilities
Total non-current liabilities
Total liabilities
net Assets
equity
Issued Capital
Reserves
Accumulated losses
Total equity
financial Performance
Profit (loss) for the year
total comprehensive income
Contingent liabilities
Guarantees
Parent
dec
2015
$' 000
dec
2014
$' 000
2,863
73,856
76,719
1,044
97
1,141
75,578
5,804
69,369
75,173
893
50
943
74,230
348,361
19,813
(292,596)
75,578
344,349
18,833
(288,952)
74,230
3,645
3,645
6,321
6,321
The parent company has no contingent liabilities as at 31 December 2015 or 2014.
Greenland Minerals and energy limited has guaranteed the provision of funding and support to the
Company’s 100% held subsidiary, Greenland Minerals and energy limited (Trading) A/S). This
funding forms part of the Consolidated Group’s approved budgeted expenditure.
Greenland Minerals and Energy Limited has placed $220,000 and $169,905 into two separate deposit
accounts with the Company’s bank. These deposits are held by the bank as security over corporate
credit cards issued to the Company and deposit bond and lease office premises respectively.
72
73
7373
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
additional stock exchange information as at 10th february 2016
Consolidated Group secretary
Miles Guy
Registered office
Unit 6, 100 Railway Road, Subiaco
Western Australia, 6008
Principal administration office
Unit 6, 100 Railway Road, Subiaco
Western Australia, 6008
Share registry
Advanced Share Registry Services
110 Stirling Highway
nedlands, Western Australia, 6009
number of holders of equity securities
Ordinary share capital
787,708,978 fully paid ordinary shares are held by 3,701 individual shareholders.
table of exploration licenses
Exploration Licence
EL 2010/02
Location
Southern Greenland
Ownership
100% held by Greenland Minerals and
Energy (Trading) A/S
74
74
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
additional stock exchange information as at 10th february 2016
additional stock exchange information as at 10th february 2016
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
Consolidated Group secretary
Miles Guy
Registered office
Unit 6, 100 Railway Road, Subiaco
Western Australia, 6008
Principal administration office
Unit 6, 100 Railway Road, Subiaco
Western Australia, 6008
Share registry
Advanced Share Registry Services
110 Stirling Highway
nedlands, Western Australia, 6009
number of holders of equity securities
Ordinary share capital
787,708,978 fully paid ordinary shares are held by 3,701 individual shareholders.
table of exploration licenses
Exploration Licence
Location
EL 2010/02
Southern Greenland
100% held by Greenland Minerals and
Ownership
Energy (Trading) A/S
Substantial Shareholders
Shareholder
1.
2.
3.
Citicorp Nominees Pty Limited
JP Morgan nominees Australia limited
HSBC Custody nominees (Australia) limited
number
178,825,785
128,792,694
107,222,859
Percentage
22.7%
16.4%
13.6%
Distribution of holders of quoted shares
Share Spread
Holders
1 – 1,000
1,001 – 5,000
5,001 – 10,000
10,001 – 100,000
100,001 and over
368
830
569
1,412
522
3,701
Units
152,723
2,489,412
4,655,979
53,458,614
726,952,250
787,708,978
Percentage
0.019%
0.316%
0.591%
6.787%
92.287%
100%
twenty largest holders of quoted shares
ABn Amro Clearing Sydney nominees Pty limited
Flourish Super Pty Limited
Ordinary shareholders
1. Citicorp Nominees Pty Limited
2.
JP Morgan nominees Australia limited
3. HSBC Custody nominees (Australia) limited
4. Rimbal Pty limited
John Mair
5.
6.
Jay and linda Hughes
7. Hackleton Investments limited
8.
9.
10. Jeremy Sean Whybrow
11. Simon Cato
12. elinora Investments Pty limited
13. Giacobbe, Dimitri and David Iesini
14. Merrill lynch (Australia) nominees Pty limited
15. Notarianni Nominees Pty Limited
16. national nominees limited
17. Peter Harry Hatch
18. LS Whitehall Group Inc
19. BNP Paribas Nominees Pty Limited
20. KGBR Future Fund Pty limited
fully paid ordinary shares
Percentage
22.7%
16.4%
13.6%
2.6%
1.0%
0.9%
0.9%
0.9%
0.9%
0.8%
0.7%
0.7%
0.7%
0.7%
0.5%
0.5%
0.5%
0.5%
0.5%
0.4%
66.3%
number
178,825,785
128,792,694
107,222,859
20,887,624
7,989,062
7,000,000
6,845,000
6,792,321
6,750,000
6,260,200
5,843,984
5,006,486
5,431,505
5,353,411
4,190,959
4,116,359
4,000,000
3,872,840
3,858,308
3,000,000
522,039,397
74
75
7575
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
additional stock exchange information as at 10th february 2016
distribution of holders of quoted options - GGGoa
Share Spread
Holders
1 – 1,000
1,001 – 5,000
5,001 – 10,000
10,001 – 100,000
100,001 and over
170
201
85
167
75
698
Units
87,879
539,017
642,368
6,173,896
98,215,012
105,658,172
Percentage
0.083%
0.510%
0.608%
5.843%
92.955%
100%
twenty largest holders of GGGoa options
JP Morgan nominees Australia limited
GGGOA Option holders
1. HSBC Custody nominees (Australia) limited
2. Citicorp Nominees Pty Limited
3.
4. Roderick McIllree
5. Hackleton Investments limited
Sampension KP Livsforsikring
6.
Potatomagic Pty limited
7.
8.
Paul Damian Conboy
9. Walter Graham
10. Catchpole Investments Pty Limited
11. Dymax Consultants Pty limited
12. Twofivetwo Pty limited
13. Jomot Pty limited
14. Prof Paul Edmond O’Brien
15. Cameron French
16. national nominees limited
17. Michael Anthony Brownlee
18. Adonis Kiritsopoulos and Jennifer Anne Ford
19. Jaycem Pty Limited
20. James Bradley Richardson
fully paid ordinary shares
number
21,016,999
13,921,067
8,550,786
7,888,130
6,845,000
5,000,000
2,485,237
2,324,509
1,954,146
1,868,106
1,600,000
1,516,750
1,469,590
1,400,000
1,100,000
1,090,786
1,000,000
1,000,000
1,000,000
616,666
83,647,772
Percentage
20.0%
13.2%
8.1%
7.5%
6.5%
4.7%
2.3%
2.2%
1.9%
1.7%
1.5%
1.4%
1.4%
1.3%
1.1%
1.0%
1.0%
1.0%
1.0%
0.5%
79.2%
76
76
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
Greenland Minerals and energy limited
And Controlled entities
31 december 2015 financial Report
additional stock exchange information as at 10th february 2016
Additional stock exchange information as at 10th february 2016
distribution of holders of quoted options - GGGoa
distribution of holders of quoted options - GGGoB
Share Spread
Holders
Units
Percentage
Share Spread
Holders
Units
Percentage
1 – 1,000
1,001 – 5,000
5,001 – 10,000
10,001 – 100,000
100,001 and over
170
201
85
167
75
698
87,879
539,017
642,368
6,173,896
98,215,012
105,658,172
0.083%
0.510%
0.608%
5.843%
92.955%
100%
1 – 1,000
1,001 – 5,000
5,001 – 10,000
10,001 – 100,000
100,001 and over
80
113
53
127
54
427
43,711
283,999
410,662
4,093,945
80,889,657
85,721,974
0.051%
0.331%
0.479%
4.779%
94.363%
100%
twenty largest holders of GGGoa options
twenty largest holders of GGGoB options
GGGOA Option holders
1. HSBC Custody nominees (Australia) limited
2. Citicorp Nominees Pty Limited
3.
JP Morgan nominees Australia limited
4. Roderick McIllree
5. Hackleton Investments limited
Sampension KP Livsforsikring
Potatomagic Pty limited
6.
7.
8.
Paul Damian Conboy
9. Walter Graham
10. Catchpole Investments Pty Limited
11. Dymax Consultants Pty limited
12. Twofivetwo Pty limited
13. Jomot Pty limited
14. Prof Paul Edmond O’Brien
15. Cameron French
16. national nominees limited
17. Michael Anthony Brownlee
18. Adonis Kiritsopoulos and Jennifer Anne Ford
19. Jaycem Pty Limited
20. James Bradley Richardson
83,647,772
79.2%
Flourish Super Pty Limited
GGGOB Option Holders
1. Citicorp Nominees Pty Limited
2.
JP Morgan nominees Australia limited
3. HSBC Custody nominees (Australia) limited
4.
5. Mr Jiahuang Zhang
6. M&K Korkidas Pty Limited
Elinora Investments Pty Limited
7.
KGBR Future fund Pty limited
8.
9.
Peto Pty Limited ,1953 Super Fund A/C>
10. LTI Capital Pty Limited
11. Daniel and Frances Smart
12. Peter Harry Hatch
13. Kevin & Vikki Ho
14. Hitmaster Pty limited
15. Brian edward Fenton
16. John Mair
17. Hossam Habib Sharkawy
18. Miles Guy
19. Carol Margaret Newport
20. Amitoze nandha
fully paid ordinary shares
number
13,804,762
6,604,188
5,556,560
5,500,000
5,449,997
4,092,434
3,178,572
3,000,000
3,000,000
2,657,143
2,000,000
2,000,000
1,998,010
1,953,512
1,650,000
1,597,813
1,500,000
1,428,650
1,428,572
1,000,000
69,400,213
Percentage
16.1%
7.7%
6.5%
6.4%
6.4%
4.8%
3.7%
3.5%
3.5%
3.1%
2.3%
2.3%
2.3%
2.3%
1.9%
1.8%
1.8%
1.7%
1.7%
1.2%
80.9%
77
7777
fully paid ordinary shares
number
Percentage
21,016,999
13,921,067
20.0%
13.2%
8,550,786
7,888,130
6,845,000
5,000,000
2,485,237
2,324,509
1,954,146
1,868,106
1,600,000
1,516,750
1,469,590
1,400,000
1,100,000
1,090,786
1,000,000
1,000,000
1,000,000
616,666
8.1%
7.5%
6.5%
4.7%
2.3%
2.2%
1.9%
1.7%
1.5%
1.4%
1.4%
1.3%
1.1%
1.0%
1.0%
1.0%
1.0%
0.5%
76
Greenland Minerals and enerGy liMited and Controlled entities – 2015 AnnuAl FInAnCIAl RepoRt
Greenland Minerals and enerGy liMiTed
Registered Office & Principal Place of Business
Unit 6, 100 Railway Road, Subiaco, Western Australia, 6008
Postal Address
PO Box 2006, Subiaco, Western Australia, 6904
Tel: +61 8 9382 2322
Fax: +61 8 9382 2788
www.ggg.gl
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