Greenland Mines Reports 45% Indicated, 55% Inferred Grade Gains to 16.58 Moz PdEq
GRML•Greenland Mines reported that SLR Consulting’s high-price sensitivity case increases Indicated PdEq grades by 45% and Inferred grades by 55%, boosting resource estimates to 16.58 Moz Indicated and 21.92 Moz Inferred under $5,000/oz gold assumptions. The company holds an 80% interest and will evaluate open-pit scenarios in 2026.
1. Metal-Price Sensitivity Analysis Findings
SLR Consulting applied high-price assumptions of $1,800/oz Pd, $5,000/oz Au and $2,175/oz Pt to the 2022 underground-constrained block model, yielding 16.58 Moz PdEq Indicated with a 45% grade increase and 21.92 Moz PdEq Inferred with a 55% uplift versus the base case. The analysis held the block model, 1.43 g/t PdEq cut-off and classification criteria constant to isolate metal-price leverage.
2. Ownership and Next-Phase Evaluation
Greenland Mines holds an 80% direct interest in the Skaergaard Project, one of the world’s largest undeveloped palladium-gold-platinum deposits. In 2026 the company will assess open-pit and bulk-mining scenarios alongside underground methods to potentially expand the resource on a mine-method basis rather than solely on price sensitivity.
