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29/05/2024
Mining News

Eclipse Metals advances Greenland projects and explores uranium listing

Eclipse Metals Ltd seems to be actively advancing its critical minerals prospects in Greenland, primarily focusing on the Ivigtût and Grønnedal projects. The company’s efforts towards securing a mining license for these prospects indicate a commitment to their development.

Furthermore, Eclipse is in the process of negotiating with parties for the potential listing of Oz Yellow Uranium Ltd on the ASX, which would involve incorporating certain uranium tenements held by the company in the Northern Territory. This move suggests strategic planning to maximize the value of its assets.

Supported by

The mineral resource estimate (MRE) for the Gronnedal rare earth element (REE) deposit demonstrates significant potential, with 1.18 million tonnes grading 6,859 ppm REEs containing 8,074 tonnes total rare earth oxides (TREO) using a 2,000 ppm cut-off. Moreover, the MRE extends from the surface to a depth of 9.5 meters, indicating a substantial resource that could support considerable investment and development.

The company’s plans for a diamond drilling program to test the carbonatite exploration target, along with detailed geological mapping and petrological studies, underscore its commitment to understanding the controls of REE mineralization. This approach aligns with best practices in exploration and development, aimed at maximizing the potential of their assets.

The positive response and guidance received from the Danish Centre for Environment and Energy and the Greenland Institute of Natural Resources reflect a supportive regulatory and scientific environment, which could facilitate the company’s operations in Greenland.

Overall, Eclipse Metals Ltd appears to be strategically positioning itself to capitalize on the growing demand for critical minerals, particularly rare earth elements, through its projects in Greenland and potential uranium assets in Australia.

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