European Lithium Expands Mineral Resource Estimate at Tanbreez Project

European Lithium ( (AU:EUR) ) has provided an announcement.

European Lithium Ltd has announced an addendum to the Mineral Resource Estimate for its Tanbreez Project in Greenland, highlighting the inclusion of 180 million tonnes of feldspar and arfvedsonite in addition to the previously reported 45 million tonnes of rare-earth oxides. The company emphasizes the importance of recovering multiple mineral products for an accurate economic assessment, with the feldspar and arfvedsonite components being processed in Greenland to meet industrial standards. This development could enhance European Lithium’s market positioning by expanding its resource base and potentially increasing its industrial mineral output.

More about European Lithium

European Lithium Ltd is a company involved in the mining industry, focusing on the extraction and processing of rare-earth elements and other minerals. The company is engaged in projects such as the Tanbreez Project in Greenland, which aims to exploit mineral resources like eudialyte, feldspar, and arfvedsonite.

Average Trading Volume: 974,463

Technical Sentiment Signal: Sell

Current Market Cap: A$74.09M

For a thorough assessment of EUR stock, go to TipRanks’ Stock Analysis page.