Eclipse Metals Ltd. ( (AU:EPM) ) has issued an update.
Eclipse Metals Ltd has announced an update on its Grønnedal Rare Earth Elements Project, part of its Ivigtût Project in South Greenland. The company has identified an exploration target of 175 to 245 million tonnes of rare earth element mineralisation, with significant magnetic rare earth elements content. The ongoing mineralogical studies and laboratory analyses are expected to refine and expand the existing Mineral Resource Estimate, with results anticipated soon. These developments are crucial for enhancing the project’s development prospects and timelines, potentially impacting the company’s market positioning and stakeholder interests.
More about Eclipse Metals Ltd.
Eclipse Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of rare earth elements and polymetallic resources. The company is engaged in projects such as the Grønnedal Rare Earth Elements Project and the Ivigtût Project in South Greenland, which include untapped high-purity silica deposits and mineralisation of gallium, copper, lead, and rare earth elements.
Technical Sentiment Signal: Buy
Current Market Cap: €10M
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