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European Lithium Limited (ASX:EUR)

ALERT: Price-sensitive ASX Announcement for EUR
Current share price for EUR : $0.295 0.135 (84.38%)+
Announcement
Release
16 Dec 2025 9:33AM
Price at Release
$0.160
Full Release
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Summary
European Lithium Limited announced the final results of their 2024 drilling program at the Fjord area of the Tanbreez Rare Earth Project in Greenland. The drilling campaign aimed to expand known mineralization and improve the geological model for the area. Despite logistical and quality assurance challenges, consistent grades of rare earth elements were confirmed with TREO grades ranging from 0.39% to 0.54%, and around 25–27% of these being heavy rare earth oxides. The results also highlighted the presence of strategic metals like gallium, hafnium, cerium, and yttrium. The Fjord area shows potential for resource growth and remains open along its strike. These results are intended to support a revised Mineral Resource Estimate and advance mine planning. The Tanbreez deposit is noted for its multi-commodity potential, with elements such as zirconium, niobium, and tantalum present as well.
Key Points
  • Final results for the 2024 drilling program received.
  • Drilling aimed to extend known mineralization.
  • Consistent rare earth grades confirmed in the Fjord area.
  • TREO grades range from 0.39% to 0.54%, with HREO around 25–27%.
  • Presence of strategic metals like gallium, hafnium, and cerium.
  • Potential for resource growth as Fjord remains open along strike.
  • Results will support a revised Mineral Resource Estimate.
  • Tanbreez is a globally significant peralkaline hosted Rare Earth system.
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.