Eclipse Metals (ASX: $EPM) Announcement Overview

Eclipse Metals Ltd (ASX: $EPM) has announced a significant development in its Ivigtüt multi-commodity REE Project in southwestern Greenland. The company has secured access to 1940s-era archived historical diamond drill core, which is expected to enhance its mineral resource estimation efforts and guide future drilling within the area.

Executive Commentary

The strategic access to historical drill core from the Ivigtüt project area represents a significant milestone for Eclipse Metals. This will allow us to minimize the costly process of extensive diamond drilling and better plan future drilling programs, ultimately enhancing our mineral resource estimate within the region. The high-grade rare earth element results from the initial core samples are promising, and we are eager to utilize the comprehensive analytical assessment by a European Laboratory to further understand the deposit at depth.

Summary of ASX Announcement

Eclipse Metals (ASX: $EPM) has gained access to 1940s-era historical diamond drill core from the Ivigtüt project area in Greenland, which is expected to enhance its mineral resource estimation efforts. The company aims to utilize this strategic access to minimize the costly process of extensive diamond drilling and better plan future drilling programs within the region. The historical drill core samples will be exported to a European Laboratory for comprehensive analytical assessment, with the potential to substantially increase the grade of quartz and contribute to the global supply chain of critical elements. Additionally, Eclipse Metals is preparing an application for funding support under the European Union Critical Raw Materials Act for Strategic Project development, aligning with its commitment to responsible and sustainable advancement of the Ivigtüt project.