Greenland Mines Delivers Landmark S-K 1300 Mineral Resource Estimate for Sarfartoq in Greenland; First-Ever Indicated Resource and First Combined Open Pit/Underground Resource for the Critical Nd-Pr Magnet Rare Earths Project
Greenland Mines announced a landmark S-K 1300 Technical Report for its Sarfartoq project, delivering the first Indicated Mineral Resource in the asset's 15-year history. The Hybrid scenario estimates an Indicated Resource of 6.9 million tonnes at 1.60% TREO and an Inferred Resource of 5.3 million tonnes at 0.96% TREO. The resource contains approximately 40,700 tonnes of neodymium and praseodymium oxide, positioning the project as a significant Western source of critical magnet rare earths.
Key figures
- Dy price per kg
- 750
- Tb price per kg
- 3500
- Drill holes total
- 161
- Ndpr oxide tonnes
- 40700
- Hybrid total tonnes
- 12200000
- Total metres drilled
- 35800
- Hybrid inferred tonnes
- 5300000
- Offtake rights percent
- 60
- Hybrid indicated tonnes
- 6900000
- Hybrid total grade treo
- 1.32%
- Hybrid inferred grade treo
- 0.96%
- Hybrid indicated grade treo
- 1.60%
AI analysis
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