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Eclipse Metals Ltd (ASX:EPM)

ALERT: Price-sensitive ASX Announcement for EPM
Current share price for EPM : $0.014 -0.006 (-30%)+
Announcement
Release
24 Nov 2025 9:33AM
Price at Release
$0.020
Full Release
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Summary
Eclipse Metals Ltd has completed its 2025 diamond drilling program at the Ivigtût Project in Greenland. The project encompasses the historic Ivigtût open-pit mine and the Grønnedal Rare Earth Minerals Carbonatite Complex, which are strategically located near vital infrastructure. The drilling included two holes totaling 503 meters, confirming the presence of a polymetallic and REE-fertile system. The results indicate significant potential for heavy and medium rare earth elements, supported by strong carbonatite-related alteration and sulphide phases. Grønnedal features a high-grade carbonatite REE system with substantial yttrium content, enhancing its economic potential. The project's dual-system configuration offers a unique advantage in the Western supply chain and positions Eclipse Metals as a potential supplier of REEs and critical minerals to EU and North American markets.
Key Points
  • Eclipse Metals completed a 503-meter diamond drilling program at the Ivigtût Project.
  • The drilling program confirmed a polymetallic, REE-fertile system with significant potential for HREE and MREE.
  • Grønnedal hosts a high-grade carbonatite REE system with a notable yttrium presence.
  • The project's dual-system advantage positions Eclipse Metals strategically in the Western supply chain.
  • The proximity to infrastructure enhances the development pathway of the Ivigtût and Grønnedal projects.
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.