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Eclipse Metals Ltd. ( (AU:EPM) ) has issued an update.
Eclipse Metals has more than doubled the mineral resource estimate at its Grønnedal rare earths project in Greenland to 208 million tonnes at 0.72% total rare earth oxides, incorporating new drilling data and delivering both an initial Indicated resource and a substantially enlarged Inferred inventory. The upgrade lifts contained TREO to about 1.5 million tonnes, including a high proportion of magnet metals praseodymium and neodymium, and confirms Grønnedal as a large-scale, long-life system open along strike and at depth.
The company says the establishment of a 6 million tonne Indicated resource underpins ongoing feasibility studies and supports a clear development pathway, while planned 2026 drilling aims to convert more of the resource into higher-confidence categories. With higher average grades, significant strontium by-product potential, and a location in a politically stable Western jurisdiction, the project enhances Eclipse’s strategic positioning in critical mineral supply chains and could strengthen long-term value prospects for stakeholders.
More about Eclipse Metals Ltd.
Eclipse Metals Ltd is an Australian-listed explorer focused on critical minerals, with a particular emphasis on rare earth elements through its Grønnedal project in southwest Greenland. The company is targeting strategic supply chains for permanent magnet materials used in renewable energy and advanced technology manufacturing, positioning itself within Western critical-minerals markets.
YTD Price Performance: -23.81%
Average Trading Volume: 3,569,912
Technical Sentiment Signal: Sell
Current Market Cap: A$52.67M
For detailed information about EPM stock, go to TipRanks’ Stock Analysis page.