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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
23 Apr 2026 8:23AM
Price at Release
$0.018
Full Release
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Summary
Eclipse Metals Ltd has announced the results from its 2025 diamond drilling program at the Grønnedal Project in Southern Greenland, which reaffirm the project's potential as a significant source of critical metals. The results highlight the presence of elevated strontium, gallium, and scandium values, complementing the project's established rare earth elements profile. The drilling intersected extensive Nd-Pr-enriched mineralisation from surface, with significant intersections in all five drillholes. The Grønnedal Project, part of Eclipse Metals' Ivigtût Project, is being positioned as a key large-scale rare earth project.
Key Points
  • Eclipse Metals Ltd reports additional strontium, gallium, and scandium results from the 2025 diamond drilling program at Grønnedal Project in Greenland.
  • Highlights of the results include significant intersections of critical metals within the carbonatite system, confirming a strong rare earth element (REE) profile.
  • Drillhole GD003 shows 42.5m at 26.7ppm Ga, including 4.2m at 90.8ppm Ga.
  • Drillhole GD002 shows 61m at 12.3ppm Sc, including 21.4m at 20.7ppm Sc.
  • All five drillholes intersected broad rare earth mineralisation from surface to the end of hole.
  • The Grønnedal project hosts a JORC 2012 Inferred Mineral Resource of 89 Mt at 6,363 ppm TREO.
  • The strategic focus remains on developing Grønnedal as a large-scale Nd-Pr rare earth project.
  • The project is located in Southern Greenland and is part of the Ivigtût Project under Eclipse Metals.
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.