Eclipse set to expand rare earths bounty with Greenland drilling

With its share price going nuts – up about 650 per cent since May - Eclipse Metals has unleashed a diamond drill rig at its 100%-owned Gronnedal rare earths project in southwest Greenland The company is targeting a beefier slice of its 89.2 million tonne inferred mineral resource which packs an average grade of 6363ppm total rare earth oxides (TREO) for a contained 567,600 tonnes TREO.

Hot on the heels of a $4 million capital raise in mid-October, the new drilling blitz aims to extend the project’s mineralised zones which are rich in neodymium and praseodymium (NdPr), the lifeblood of high-strength permanent magnets used for electric vehicle motors, defence tech and wind turbine generators.

The drilling program, backed by recent 3D modelling, is focussed on expanding the resource’s 222,7