European Lithium flags more high grade rare earths and gallium in Greenland

• EUR reports up to 0.55% TREE and 27% HREO from Tanbreez project
• Drilling part of planned upgrade to current 23.6Mt resource
• More assays pending

Special Report: European Lithium has reported outstanding new diamond drill results from its Tanbreez project in Greenland ranging between 0.48-0.55% total rare earth oxides and ~27% heavy rare earth oxides.

EUR owns 68% of Critical Metals Corp, which owns 42% of Tanbreez and has the right to earn up to 92.5%.

Tanbreez is one of the world’s largest hard rock rare earth elements deposits and is notable for its high concentration of heavy rare earth oxides, critical for high-tech applications, clean energy and defence industries.

However, unlike other major rare earths deposits, the project contains very low levels of uranium and thorium, making it more environmentally sustainable and politically attractive.

These latest drill holes are part of the ongoing 2024-2025 Fjord resource upgrade program, with the maiden resource currently sitting at 23.6Mt at 0.42% TREO.

European Lithium (ASX:EUR) says, so far, the results reinforce the project’s strategic value, with consistent high-grade mineralisation intersected in all four reported holes, including zirconium oxide grading between 1.86-1.99%, and gallium oxide assays ranging between 90-100ppm – providing an additional economic credit.

Importantly, the mineralisation remains open at depth and remains consistent with historical data from the Fjord deposit.

A further nine assays are pending.

More from EUR: European Lithium welcomes diamond drilling in Tanbreez REE quest

Building a significant resource base

European Lithium says progress processing drill core and completing 1500m of drilling, part of the resource upgrade program, puts Tanbreez’s JV owners in a strong position to build out the resource base.

The ultimate aim is to optimise the resource for future production capacity and to extend mine life.

“These results underscore the strategic value of Tanbreez as a rare earth and gallium project with scale, grade, and a high proportion of critical heavy rare earths,” executive chairman and CEO Tony Sage said.

“With China’s control over the rare earth market, securing sources of these critical minerals has become paramount for U.S. defence capabilities and national security.

“Our rare earth grades, position Tanbreez as a strategically important asset for Western supply chains.

“With further assays pending and more drilling underway, we see strong potential to grow the scale and nature of the project’s mineral inventory.”

This article was developed in collaboration with European Lithium, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.