InvestSMART

Eclipse Metals Ltd (ASX:EPM)

ALERT: Price-sensitive ASX Announcement for EPM
Current share price for EPM : $0.015 -0.003 (-16.67%)+
Announcement
Release
6 Nov 2025 9:54AM
Price at Release
$0.018
Full Release
download
Summary
Eclipse Metals Ltd announced the confirmation of a continuous carbonatite system at their Grønnedal prospect in Greenland, after completing over 700 metres of diamond drilling. This drilling campaign, which forms part of their 2025 exploration efforts, has shown substantial mineralisation from surface to depth, supporting a mineral resource estimate of 89 million tonnes at 6,363 ppm TREO. The mineralisation includes calcite-siderite enriched with hematite and magnetite, which is associated with high-value rare earth elements such as Nd, Pr, Dy, and Tb. In addition, drilling at the Ivigtût site targets multi-commodity deposits, aiming to strengthen Eclipse's strategic positioning in Greenland's critical minerals field, supported by strategic ties with the United States. Eclipse Metals Ltd is an Australian company focused on rare earth elements and multi-commodity exploration, particularly in Greenland.
Key Points
  • Eclipse Metals Ltd confirms continuous carbonatite system at Grønnedal in Greenland.
  • Over 700 metres of diamond drilling at Grønnedal shows continuous mineralisation from surface to depth.
  • The mineralisation includes calcite-siderite enriched with hematite and magnetite, typical for high-value rare earths like Nd, Pr, Dy, and Tb.
  • The Grønnedal area has an existing mineral resource estimate of 89Mt at 6,363 ppm TREO.
  • Drilling at Ivigtût is targeting multi-commodity mineralisation including fluorite, quartz, cryolite, sphalerite, galena, and siderite.
  • Both Grønnedal and Ivigtût projects enhance Eclipse's position in Greenland's critical minerals sector.
  • Strategic engagement with the United States supports Eclipse's projects in Greenland.
  • Eclipse Metals Ltd is an exploration company with a focus on rare earth elements and other multi-commodity mineralisation.
  • The Grønnedal carbonatite system is compatible with established Western REE processing flowsheets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.