Greenland Mines applies for 262 sq km license to expand Sarfartoq rare earth district in Greenland
GRML•ST1 development and resource figures
The move targets faster development of the ST1 rare earth deposit, backed by a high-case pre-tax NPV of about USD 2.05 billion.
The latest S-K 1300 estimate shows 6.9 million tons indicated at 1.6% TREO and 5.3 million tons inferred at 0.96% TREO.
Applied-for area has no defined resource
The applied-for area has no defined Mineral Resource, and it is not included in the ST1 mine plan or economic metrics.
License application expands district footprint
Greenland Mines applied for a new 262 km² exploration license east of Sarfartoq in West Greenland.
The combined footprint would rise to about 454 km² from about 192 km², creating a contiguous district-scale position.
