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Eclipse Metals Ltd (Eclipse or the Company) (ASX: EPM | FSE: 9EU) is pleased to announce the assay results from its 2022 trenching program for the Grønnedal REE prospect within the 100% owned Ivigtût multi-commodity project in SW Greenland.
- Maiden trenching program returns rare earth element (REE) mineralisation in all 52 trenches completed at Grønnedal
- Trench sample assays confirm high neodymium oxide (Nd2O5) ratios of up to 56% of total rare earth oxides (TREO) with an average of 31%
- Pr+Nd assay results account for 60% of calculated TREO, indicating that the Grønnedal mineralisation is enriched in the more valuable REE of Pr and Nd
- Best assay results from Grønnedal trenching program include:
- L1-2: 1.0m @ 16,444 ppm TREO from 1.0-2.0m (Nd2O5 ratio = 26%);
- L1-4: 0.5m @ 15,923 ppm TREO from 0.0-0.5m (Nd2O5 ratio = 27%);
- L2-11: 0.5m @ 10,571 ppm TREO from 0.0-0.5m (Nd2O5 ratio = 29%);
- L2-3: 2.0m @ 12,911 ppm TREO from 1.0-2.0m (Nd2O5 ratio = 27%);
- L3-8: 1.0m @ 9,341ppm TREO from 0.0-1.0m (Nd2O5 ratio = 56%);
- L3-5: 1.0m @ 13,452 ppm TREO from 1.0-2.0m (Nd2O5 ratio = 36%);
- L5-11: 1.5m @ 11,630ppm TREO from 0.0-1.5m (Nd2O5 ratio = 30%);
- L5-12: 0.5m @ 6,317ppm TREO from 0.0-0.5m (Nd2O5 ratio = 45%).
- REE mineralisation at Grønnedal is widespread and deep-seated.
- Diamond drilling at Grønnedal expected to commence Q4 2023
Executive Chairman Carl Popal commented:
“The initial results from shallow trenches at Grønnedal are highly significant for Eclipse, as they indicate multiple near-surface targets that remain open at depth and along strike. Our previous geophysical assessment confirmed the deep-seated nature of the host to this REE mineralisation, pointing towards a substantial target.
Following the approval of the 2023 Grønnedal diamond drilling program, we are poised to commence the REE assessment at depth. This aligns with our strategic goal of becoming a prominent supplier of metals and minerals for the green energy industry.
The promising REE prospectivity at both Grønnedal and Ivigtût reinforces our commitment to actively exploring these sites, including the nearby historic Ivigtût pit throughout 2023.”
Results within this release relate to 52 excavated pits (also referred to as trenches) up to 2m deep (refer to Table A) which were completed in October 2022, with samples shipped from Greenland to Australia for laboratory assessment.
Laboratory results for the over-limit values (+1,000ppm) for 28 out of 52 (C. 54%) trench samples have now been received following further testing using appropriate methods. The complete REO trenching results are listed in Table C.
Figure 1. Grønnedal trench sample results in the lower section with REO mineralisation in all trenches. Note that, to date, only a small fraction of this prospect has been explored and that the system is open in all directions.
Analytical values for samples from the lower section of the Grønnedal carbonatite prospect indicate a Pr+Nd ratio increase. In the lower section Nd values in the carbonate impregnated rocks is higher than the top section Nd values in carbonatite breccia. The Nd values in the lower section vary from a low of 25% Nd to a high of 56% Nd whereas at the top section the ratio ranges from a low of 19% Nd to a high of 22% Nd.
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EPM:AU
Eclipse Metals
Overview
Eclipse Metals Ltd. (ASX:EPM) is an exploration and mining development company focusing on multi-commodity assets that support the world’s decarbonization goals. The company has a robust portfolio of projects in Australia and Greenland targeting crucial minerals, including rare earth elements (REEs), lithium, zinc, manganese, high-purity quartz, gold, copper, vanadium and uranium.
Governments worldwide have set ambitious goals to reach net-zero emissions in the coming decades, highlighting miners that supply the critical minerals required for low-carbon technologies, which is expected to consume a growing percentage of the world’s total mineral production, with vital elements growing by over 100 percent by 2050, according to the World Bank.
Greenland REE deposits
Eclipse Metal’s flagship asset in Greenland, the Ivigtût project, contains known REE mineralization, industrial minerals and lithium potential.
Multiple academic research and significant rare earths results obtained by Eclipse Metals to date imply that the Grønnedal prospect (located 10 kilometers northeast of Ivigtût) has the potential to contain significant rare earth mineralization. This presence is consistent with other rare earth-bearing carbonatite-syenite intrusive complexes and has elevated ratios in praseodymium (Pr), neodymium (Nd), with enriched in dysprosium (Dy),
zirconium (Zr) and niobium (Nb) — elements that are crucial in the global journey toward a low-carbon, net-zero-emission future. As a mining-friendly jurisdiction, Greenland has an established infrastructure, reducing future development costs.
Additionally, the Ivigtût project contains a high-grade quartz body, a required material for high-end electronics and semiconductors. Eclipse Metals has begun its initial exploration drilling campaign and developed the project’s environmental impact assessment.
Eclipse Metals’ portfolio also includes Australian assets targeting uranium, copper and manganese as part of the company’s mission to support decarbonization. Its Northern Territory and Queensland assets allow the company to capitalize on existing infrastructure and mining-friendly local governments. The company’s uranium assets are in close proximity to other world-class deposits, allowing Eclipse to benefit from existing infrastructure and community support.
A sound management team with decades of experience in the natural resource industry leads Eclipse Metals. The team’s breadth of expertise includes mineral exploration, geology, corporate administration, metallurgy and international trade, creating confidence in the company’s ability to capitalize on its assets.
Company Highlights
- Eclipse Metals is an exploration and mining development company with assets in Greenland and Australia, supporting the world’s decarbonization goals.
- The company’s flagship Ivigtût multi-commodity asset in Greenland exposes the company to REEs, high-purity quartz, and other industrial metals required for emerging technologies.
- Greenland is a mining-friendly yet underexplored jurisdiction, creating tremendous opportunities for the company.
- Eclipse Metals’ portfolio of assets in Australia includes projects in Queensland and the Northern Territory in world-class mining jurisdictions.
- The company has begun its initial exploratory drilling campaign in Greenland and is progressing on the project’s environmental impact assessment for the mining license.
- An experienced management team leads Eclipse Metals with decades of experience in the mining industry.
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Pursuing Multi-commodity Assets to Support Decarbonization