According to a report from MiningNews.net, Eclipse Metals Ltd announced a 70-fold increase in the resource volume of the Grønnedal deposit at its Ivigtût project in southwestern Greenland.
Currently, based on a cut-off grade of 0.2%, the ore resource volume of the deposit stands at 89 million mt, with a total rare earth oxide (TREO) grade of 0.6363%, equating to 567,600 mt of TREO content.
Given that the average TREO grade exceeds 0.65%, Eclipse Metals claims that the deposit ranks among the highest-grade rare earth deposits globally.
The deposit is located within a larger carbonatite intrusion, which remains unbounded in all directions.
