Eclipse Metals prepares for Grønnedal REE resource expansion with historical drill core analysis

Published 20/01/2025, 11:01 am
© Reuters.  Eclipse Metals prepares for Grønnedal REE resource expansion with historical drill core analysis

Eclipse Metals Ltd (ASX:EPM) is gearing up to re-estimate the rare earth elements mineral resource at the Grønnedal prospect, part of the Ivigtût Project in southwestern Greenland.

EPM has been working to expand the mineral resource estimate (MRE) at Grønnedal based on limited, shallow drill testing of a small section of the larger rare earth-enriched carbonatite complex, accounting for about 5% of the potential mineralised body.

Updated mineral resource

Eclipse will use six samples from historical drilling in this section to refine and validate x-ray fluorescent analysis results for a more precise resource estimation.

The analysis will focus on rare earth element (REE) mineralisation, with an additional emphasis on niobium and gallium.

The company says selected samples are also being analysed with a TESCAN Integrated Mineral Analyser (TIMA) mineralogical analysis in order to align chemical analyses with specific mineralogical features, enhancing EPM’s understanding of resource quality and distribution.

Eclipse has developed an exploration target of between 175 and 245 million tonnes of REE mineralisation grading between 6,000 parts per million (ppm) and 7,000ppm total rare earth oxides (TREO) for Grønnedal.

EPM expects to receive the results of this re-analysis in the first quarter of this year, at which point the company can begin drill targeting and planning with the intention to increase the classified mineral resource of the prospect.

The current Grønnedal inferred resource is 1.18 million tonnes for 8,070 tonnes of TREO, 7,380 tonnes LREO, 700 tonnes HREO and 2,810 tonnes MREO.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.