Critical Metals Corp Releases New Rare Earth Element Results From Greenland Drilling
Critical Metals Corp has published new assay results from diamond drilling at its Tanbreez project in Greenland. The 11 holes drilled in 2007 and 2013 show wider and deeper mineralization, potentially increasing the project's rare earth element (REE) resource estimate.
Critical Metals Corp has released new assay results from eleven deep diamond drill holes completed in 2007 and 2013 at the Fjord Deposit within its Tanbreez Project in Greenland. The company stated that the results reveal wider and deeper mineralization than previously understood.
According to CEO Tony Sage, the new findings are encouraging and could significantly increase the project's estimated rare earth material. The previously stated exploration target of 225 million tonnes could potentially be doubled to 500 million tonnes. Sage indicated that this technical work positions the company to advance its development strategy for the asset.
The Tanbreez Project is located in Greenland. Critical Metals Corp currently holds a 42% interest, with the right to increase it to 92.5%. European Lithium holds 7.5% and Rimbal Pty Ltd holds 50.5%.
The company has applied for a Program of Works for 2025 resource drilling aimed at upgrading inferred resources to the indicated category and extending the Fjord and Hill Zone deposits. Critical Metals Corp is also re-assaying historical drill pulps to confirm previous findings and refine its estimates, with further results expected shortly.