Asra Declares Maiden MRE for Yttria Ree Deposit

Overview

Eclipse Metals Ltd. (ASX:EPM) is an exploration and mining improvement firm specializing in multi-commodity belongings that assist the world’s decarbonization objectives. The corporate has a strong portfolio of initiatives in Australia and Greenland concentrating on essential minerals, together with uncommon earth parts (REEs), lithium, zinc, manganese, high-purity quartz, gold, copper, vanadium and uranium.

Governments worldwide have set formidable objectives to succeed in net-zero emissions within the coming a long time, highlighting miners that offer the vital minerals required for low-carbon applied sciences, which is predicted to consume a growing percentage of the world’s complete mineral manufacturing, with very important parts rising by over one hundred pc by 2050, in line with the World Financial institution.

Greenland REE deposits

Eclipse Metallic’s flagship asset in Greenland, the Ivigtût mission, incorporates recognized REE mineralization, industrial minerals and lithium potential.

A number of educational analysis and important uncommon earths outcomes obtained by Eclipse Metals thus far indicate that the Grønnedal prospect (situated 10 kilometers northeast of Ivigtût) has the potential to include important uncommon earth mineralization. This presence is according to different uncommon earth-bearing carbonatite-syenite intrusive complexes and has elevated ratios in praseodymium (Pr), neodymium (Nd), with enriched in dysprosium (Dy),

zirconium (Zr) and niobium (Nb) — parts which can be essential within the world journey towards a low-carbon, net-zero-emission future. As a mining-friendly jurisdiction, Greenland has a longtime infrastructure, decreasing future improvement prices.

Moreover, the Ivigtût mission incorporates a high-grade quartz physique, a required materials for high-end electronics and semiconductors. Eclipse Metals has begun its preliminary exploration drilling marketing campaign and developed the mission’s environmental impression evaluation.

Eclipse Metals’ portfolio additionally contains Australian belongings concentrating on uranium, copper and manganese as a part of the corporate’s mission to assist decarbonization. Its Northern Territory and Queensland belongings permit the corporate to capitalize on current infrastructure and mining-friendly native governments. The corporate’s uranium belongings are in shut proximity to different world-class deposits, permitting Eclipse to learn from current infrastructure and group assist.

A sound administration workforce with a long time of expertise within the pure useful resource trade leads Eclipse Metals. The workforce’s breadth of experience contains mineral exploration, geology, company administration, metallurgy and worldwide commerce, creating confidence within the firm’s capability to capitalize on its belongings.

Firm Highlights

• Eclipse Metals is an exploration and mining improvement firm with belongings in Greenland and Australia, supporting the world’s decarbonization objectives.
• The corporate’s flagship Ivigtût multi-commodity asset in Greenland exposes the corporate to REEs, high-purity quartz, and different industrial metals required for rising applied sciences.
• Greenland is a mining-friendly but underexplored jurisdiction, creating super alternatives for the corporate.
• Eclipse Metals’ portfolio of belongings in Australia contains initiatives in Queensland and the Northern Territory in world-class mining jurisdictions.
• The corporate has begun its preliminary exploratory drilling marketing campaign in Greenland and is progressing on the mission’s environmental impression evaluation for the mining license.
• An skilled administration workforce leads Eclipse Metals with a long time of expertise within the mining trade.

The flagship Ivigtût mission has a 120-year mining historical past, having produced 3.8 million tons of cryolite to assist aluminum manufacturing. The settlement of Kangilinnguit (Grønnedal) roughly 5.5 kilometers to the northeast of Ivigtut gives entry to an current port. As well as, the mission is near current infrastructure, together with an influence station, wharf and heliport, which minimizes future improvement prices.

Mission Highlights:

• A Multi-commodity Mission: The asset is thought to host REEs and undiscovered polymetallic potential. Along with REEs, the mission incorporates different minerals, which embrace:
  • Cryolite
  • Fluorite
  • Excessive silica-grade quartz (99.9 p.c SiO2)
  • Zinc
  • Iron
  • Lithium
• Wealthy Exploration Potential: The asset’s space features a supply of carbonatite minerals and REEs, with deposits occurring within the mission space that provides extra exploration alternatives to broaden recognized assets. Eclipse Metals is presently strategically exploring the asset, with a drill program, deliberate pit dewatering, and sampling of 19,000 meters of historic drill cores.
• Excessive-grade Quartz Alternative: Excessive-grade quartz is critical to provide photovoltaic merchandise, comparable to semiconductors and different high-end electronics. The asset incorporates over 5 million tonnes of quartz mineralization with as much as 99.99 p.c silica grade.

The corporate accomplished scoping section stories of social and environmental impression assessments for its Ivigtût mission with the help of Danish consultancy, COWI. The stories are integral to making use of to Greenland’s Mineral Licence and Security Authority for a mining license.

Eclipse additionally accomplished its maiden percussion drilling and trench sampling program on the Ivigtût mine website and Grønnedal carbonatite advanced.

MEL2007-45 Location map and exploration drill targets

The Liverpool mission includes 5 exploration licenses totalling 1,464 sq. kilometers within the Northern Territory, a confirmed uranium district. The superior exploration goal incorporates a number of drill-ready targets.

Mission Highlights:

• Close by World-class Deposits: The Satan’s Elbow prospect inside the asset is close to a number of world-class deposits, together with:
  • Ranger 1 No 1: 0.34 p.c uranium
  • Ranger 1 No 3: 0.17 p.c uranium
  • Nabarlek: 1.95 p.c uranium
  • Jabiluka 1: 0.25 p.c uranium

Encouraging Pattern Outcomes:

• Samples from shallow trenching yielded high-grade uranium assays together with 3.2 p.c uranium oxide, 3.7 p.c uranium oxide, 4.40 p.c uranium oxide, and 5.8 p.c uranium oxide, with 38.1 g/t gold and 28.02 g/t palladium, associated to fractures inside altered amygdaloidal basalt of the Nungbalgarri Volcanics.
• Samples from the radioactive volcanic boulders returned assays of as much as 1,720 ppm uranium (0.17 p.c uranium), 1,210 ppm uranium (0.12 p.c uranium) and a peak worth of three,300 ppm uranium (0.33 p.c uranium).

As Eclipse Metals’ second Northern Territory mission, the Ngalia Basin mission includes eight exploration licenses totaling 7,280 sq. kilometers.

Mission Highlights:

• Drill-ready Targets Recognized: The corporate has recognized two high-priority drill-ready targets inside granted tenements.
• Benefitting from Earlier Explorers: The asset’s earlier explorers found anomalous uranium values, streamlining Eclipse’s exploration program and creating a transparent development path.

The corporate’s Queensland mission covers 35 sq. kilometers and is 16 kilometers southwest of Gympie Township. The Mary Valley hosts historic mines, comparable to Amamoor, which produced roughly 20,000 tonnes at 51 p.c manganese. As well as, current street and energy infrastructure considerably cut back future improvement prices.

Mission Highlights:

• Promising Historic Outcomes: Drill outcomes from the earlier explorer embrace:
  • 2018 drilling: 3.2 meters at 59.8 p.c manganese dioxide
  • 2020 shallow drilling: 3.5 meters at 24.9 p.c manganese dioxide from the floor
• Excessive-grade Manganese Potential: As a vital part in lithium-ion batteries, high-grade manganese is rising in demand. The Mary Valley deposit might assist mill feed for a beneficiation plant able to producing marketable, high-grade manganese.
• Encouraging Intersection: Earlier diamond drill holes produced encouraging outcomes, together with:
  • ADD 006 – 8.8 to 12 meters manganese oxide = 59.8 p.c
  • ADD 007 – 14.9 to 17.3 meters manganese oxide = 26.3 p.c
  • ADD 010 – 0.0 to five.0 meters manganese oxide = 16.8 p.c

Rock Hill Copper Mission

The Northern Territory Rock Hill copper mission incorporates encouraging copper-silver mineralization. Eclipse Metals plans to conduct airborne electromagnetic surveys and reverse circulation drilling over the mineralized zones, adopted by diamond drilling. The potential mineralized hall extends for over 10 kilometers.

Mission Highlights:

• Promising Historic Outcomes: Historic outcomes point out upside potential together with:
  • 3.0 meters at 1,420 g/t silver from 6.1 meters
  • 11.6 meters at 0.43 p.c copper from 58.2 meters
  • 0.3 meters at 4.6 p.c copper and 10 g/t silver
  • 0.3 meters at 10.20 p.c copper, 27 g/t silver

Administration Group

Carl Popal – Govt Chairman

Carl Popal has greater than 20 years of entrepreneurial expertise masking a various vary of commodities buying and selling, company administration, minerals exploration, asset administration and development, to call some. Beforehand, Popal was chief government director of ASX-listed firm Paynes Discover Gold Ltd. He’s the managing director of Ghan Sources Pty Ltd and Popal Enterprise Pty Ltd. Since 2001, Popal has managed a number of entities conducting worldwide buying and selling. He has greater than 12 years’ expertise in property improvement and has managed numerous industrial dealings inside a community of firms all over the world together with in India, China and Malaysia.

Rodney Dale – Non-executive Director

Rodney Dale holds a Fellowship Diploma in geology from the Royal Melbourne Institute of Know-how and is a Fellow of the Australasian Institute of Mining and Metallurgy. His expertise covers greater than 60 years, working in lots of elements of Australia, Indonesia and Africa on gold, tin, wolfram, base metals and industrial mineral exploration and mining, together with trial mining and export of high-grade quartz. He has labored in and managed small gold mines in Western Australia. Since 1970, Dale has been an impartial geological marketing consultant with three intervals as a director of ASX-listed firms. Extra lately, he has been concerned with the evaluation of iron ore initiatives in Australia, South America, India, China and Africa.

Oliver Kreuzer – Non-executive Director

Dr. Oliver Kreuzer is a registered skilled geoscientist and firm director with a broad talent set in structural, generative and company geology honed inside greater than a 20-year profession in utilized analysis and mineral exploration throughout a variety of gold, base, vitality and battery metals initiatives worldwide. His generative work laid the foundations for a number of new firm floats, mission acquisitions and new discoveries. Kreuzer is at present a non-executive director of ASX-listed exploration firms 92 Vitality Ltd and NickelX Ltd.

Ibrar Idrees – Non-executive Director

Ibrar Idrees has a Bachelor of Commerce (majoring in Accounting and Finance) from Deakin College and has over 10 years {of professional} and company expertise gained in a various vary of industries in Australia and South Asia. Idrees, a practising accountant, has labored in a wide range of enterprise improvement and monetary positions in small and enormous firms.

Sebastian Andre – Firm Secretary

Sebastian Andre is a chartered secretary with over 14 years of expertise in company advisory, governance, compliance, and threat providers. Andre has beforehand acted as an adviser on the ASX and has a radical understanding of the ASX itemizing guidelines. He holds {qualifications} in accounting, finance and company governance and is a member of the Governance Institute of Australia