Eclipse Metals Ltd has had a busy quarter, sorting and re-analysing choice samples from 19,000 metres of historical diamond drill core produced at the Ivigtût Rare Earth Elements (REE) Project in Greenland ahead of a resource update.
The company is also progressing negotiations over its Northern Territory uranium assets, having terminated an agreement with Oz Yellow Uranium.
EPM is now reviewing offers from a mid-tier uranium-focused entity and other interested parties for the Ngalia Basin Uranium Prospects and the Liverpool Uranium Project among its other assets.
Greenland rare earth project
Eclipse Metals has been granted access to 19,000 metres of historical diamond drill core from the Ivigtût project area in Greenland.
These cores, stored in a government facility since the 1940s, provide valuable historical data that could contribute to an expanded resource estimation.
Selected samples have been exported to a European laboratory for analysis, with results expected to support a broader understanding of the mineralisation potential.
The company reported an inferred mineral resource estimate (MRE) of 1.18 million tonnes at 6,859 ppm total rare earth oxides (TREO), equating to 8,074 tonnes TREO using a 2,000-ppm cut-off.
The MRE extends from surface to a depth of 9.5 metres and remains open in all directions, indicating further exploration potential.
At Grønnedal, REE mineralisation has been mapped over a 5-kilometre by 2-kilometre area, with a primary exploration target covering 3 kilometres by 800 metres of ferrocarbonatite.
Geological and geophysical data suggest the deposit is widespread and extends to depth, supporting further resource development.
The company is conducting geological mapping and petrological studies to refine the understanding of REE mineralisation. These studies will inform a planned diamond drilling program aimed at expanding the current resource base.
Environmental assessments
Eclipse Metals has submitted a white paper for public consultation in Greenland, in a step toward securing a mining licence for the project.
The company has completed the scoping phase of its Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) with positive comments received from the Danish Centre for Environment and Energy (DCE) and the Greenland Institute of Natural Resources (GINR).
Recommendations include water sampling before dewatering activities at the Ivigtût pit. Eclipse has undertaken water and seaweed sampling to compare current environmental conditions with historical data from a 1995 environmental report.
The company remains confident that it has met all requirements and expects further progress on its mining licence application in 2025.
EU strategic project application
Eclipse Metals has submitted an application for funding under the European Union Critical Raw Materials Act (CRMA).
The CRMA initiative is designed to support projects that contribute to the EU’s supply of essential minerals for strategic sectors, including renewable energy and advanced technology.
If the Ivigtût polymetallic project is designated as a strategic project, Eclipse would benefit from streamlined permitting processes and enhanced access to financing. The European Commission’s decision on the application is expected in March 2025.
Uranium asset negotiations
Eclipse has terminated its agreement with Oz Yellow Uranium Limited. The company is now reviewing new offers from a mid-tier uranium-focused entity and other interested parties regarding its Northern Territory uranium assets.
Additionally, Eclipse has relinquished a portion of exploration licence EL32080 in the northern Ngalia Basin following an assessment of historical exploration data.