European Lithium, a mining exploration and development company, has announced a maiden mineral resource estimate at the Tanbreez rare earth project in Greenland, reporting 45 million tonnes of ore at 0.4% rare-earth oxide with a potential to increase the estimate in future.
Several drill holes intersected high-grade rare earths and oxides. A mineralised kakortokite host unit is covering an area of about 5 km by 2.5 km and 270 m thick.
European Lithium holds interest in the Tanbreez project by itself and through its 70%-owned subsidiary Critical Metals Corp. for a combined interest of 49.5%. In June 2024, Critical Metals entered into a heads of agreement with Rimbal, securing up to 92.5% of Tanbreez.
European Lithium’s executive chairman Tony Sage said that the project is gaining significant interest from western governments.
”It’s exciting to report on the outstanding assay results from historical deep drilling which may confirm high-grade, high tonnage potential that extends a lot deeper than was originally expected for the Tanbreez Project,” he said.
“The team is now working through more of the historical data…it will add significant value to Tanbreez Project’s long term success.”
According to the company, the Tanbreez rare earth project is one of the world’s largest hard rock rare earth elements (REE) deposits, located in southern Greenland near the town of Quaqortoq. It is notable for its high concentration of heavy rare earth elements (HREEs), which are critical for high-tech applications, clean energy, and defence industries.
Theodor Lisovoy, Managing Editor, Rough&Polished
