Eclipse Metals (ASX: $EPM) Quarterly Activities Report highlights

Eclipse Metals Ltd (ASX: $EPM) has released its Quarterly Activities Report for the financial quarter ending 31 March 2024. The report outlines the company's positive progress towards securing a mining licence for its Ivigtüt and Gronnedal prospects in Greenland. Eclipse Metals' mineral resource estimate for its Gronnedal REE deposit in Greenland comprises 1.18 million tonnes grading 6,859 ppm rare earths elements (REEs as TREO) containing 8,074 tonnes TREO using a 2,000 ppm cut-off. The resource remains open in all directions, representing a significant upside case for initial investment and development.

Executive Commentary

We are pleased with the positive response and guidance from the Danish Centre for Environment and Energy (DCE) and the Greenland Institute of Natural Resources (GINR) regarding our mining licence application for the Ivigtüt and Gronnedal prospects. The mineral resource estimate for the Gronnedal REE deposit indicates a substantial potential for initial investment and development. We are also looking forward to the possibility of expanding the exploration target, which could significantly increase the tonnage. Our commitment to environmental, social, and governance aspects remains a priority as we progress project development, aiming to provide valuable industrial and critical minerals for the high-tech EV revolution and green energy requirements. We are optimistic about the progress towards securing a mining licence during 2024 and are dedicated to complying with all requirements and protocols in this process.

Summary

Eclipse Metals Ltd (ASX: $EPM) has made significant progress in its efforts to secure a mining licence for its Ivigtüt and Gronnedal prospects in Greenland. The company's mineral resource estimate for the Gronnedal REE deposit indicates a substantial potential for initial investment and development, with the resource remaining open in all directions. Eclipse Metals is optimistic about the progress towards securing a mining licence during 2024 and remains committed to complying with all environmental, social, and governance aspects as it progresses project development. The company's focus on providing valuable industrial and critical minerals for the high-tech EV revolution and green energy requirements reflects its ambitions and goals for the future.