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EPM - Eclipse Metals

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Joe Blow

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Eclipse Uranium Ltd is a uranium exploration company with a portfolio of uranium assets in geologically favourable areas of the Northern Territory.

Over 8,910km² of selected tenure that is highly prospective for uranium mineralisation.

• The Eclipse Project (5,438km²) located in the southern and north eastern parts of the Ngalia basin.
• The Pine Creek Project (1,114km²) located in various areas around the Pine
Creek region.
• The West Arnhem Project (110km²) located in the West Arnhem region.
• The North Arunta Project (1,580km²) located in the North Arunta region.
• The Lake MacKay Project (159km²) located in the Lake MacKay region.
• The Canning Basin Project (516km²) located in the Canning basin.

http://www.eclipseuranium.com.au
 
Re: EUL - Eclipse Uranium

Interesting for many is this attempted float by Eclipse Uranium to raise $7 million. Many already floated Uranium minnows strapped for cash are waiting to see if EUL manage this difficult task.

Proposed quotation was on 5/7/2010 ( now the ASX say, 'to be advised') and now the closing date of the offer has gone out to 1/9/2010. Probably indicates that cash is arriving more slowly than expected / hoped.

Plenty of good looking tenements but so have so many others.
The basics are to get a JV partner, or if you've little cash they give you some to see all the tenement previous drilling results. Though few are that interested these days.

Many minnows in this sector find that tenements not surveyed recently and someone drilled some time back with fairly poor results, are generally not worth much.

I prefer to buy these companies with enough cash for the next two years and price at asset value, not including tenements. Upside is an improving Uranium price in recent weeks and bullish forecasts into 2011.
 
Eclipse Metals creeping up in the last few days on increasing volume and no news. Has gone from 1.1c to 2c in the last week.

Anyone have any idea why?

 
EPM has got some promising U and other mineral tenements in the NT,,,,,,,and also an interesting Manganese project that is being rejigged at Mary River in QLD.......wondering if anyone else is watching this one...
 
EPM going for a run today after being re-instated to official quotation after a week long suspension. Currently up 16.7% to 2.1c.

The company announced this morning that it has entered into an agreement to acquire the Ivittuut Project in Greenland, which it claimed is the world's largest and only cryolite mine.

Here's the highlights of the deal:



Interesting development for EPM. However, buying a mine and getting a mine into production are two entirely different things.

EPM had $828,000 in the bank at the end of the September quarter last year, so the company is short on capital. The acqusition is being funded via a placement as detailed above. There will obviously need to be further placements to fund drilling and other exploration activities.

So while this is an interesting development for the company there are lots of unanswered questions about how this project is going to be funded through to production.
 

Nice summation Greg.

The Cryolite that is left at the deposit is buried deep by the sounds of it so Extraction would not be cheap.

It sounds like they are more interested in the Heavy Rare Earth content which might prove a better proposition.

Who knows ... The current appetite for Spec plays is high. It might keep running on fumes
 
Eclipse has received approval for an initial fieldwork program at the Ivittuut Project, Greenland from the Greenland Government.

Scope includes field assessment and general inspection and familiarisation by the new field team, sampling of the existing mullock heaps and sampling of geological bulk intrusions. This appraisal will pave the way for further testwork to facilitate calculation of a JORC compliant mineral resource estimate and project feasibility study.

An initial sampling program will include collection of representative samples from the Ivittuut mine tailings and low-grade waste dumps and the Gronnedal-Ika carbonatite.


There is a potential for near-term production at Ivittuut – processing tailings and low-grade stockpiles for cryolite, fluorite and REE
Hopeful pathway
▪ Resource upgrade
▪ Mining licence application
▪ Environmental assessment and pit water testing and dewatering design
▪ PFS targeted for 2021/22

One thing in its favour, the port is nearby. Also in South, = ice free?
 
working over the old site:
• 750m of historical diamond drill core from Gronnedal-lka carbonatite area identified.
• The diamond drill core had not been systemically assayed for REE mineralisation.
• Total rare-earth (TREE) of up to 34,400 ppm are recorded from grab samples collected at Gronnedal-lka carbonatite deposit (ASX release 2/3/2021).
• Europium has been recognised throughout the carbonatite intrusion at several times greater concentration than average for rocks elsewhere. In short supply worldwide.
• Extensive faulting and fracturing associated with the intruding carbonatite are considered to have mobilised highly mineralised fluids extending into the surrounding rocks which has implications for further REE enrichment during alteration processes.
• The Gronnedal-lka carbonatite contains the only known readily accessible source of carbonate rock in Greenland which could be suitable for neutralising acid mine and process water.
• Strong correlation between the REE mineralisation identified within olivine dolorite dyke and the magnetic zones.

Carbonatites are a relatively rare type of igneous rock composed of greater than 50 vol % primary carbonate minerals, primarily calcite and/or dolomite, and contain the highest concentrations of REEs of any igneous rocks.
Click to expand...
 
You're diving deeply into the RE sector. I wasn't aware of EPM interest in REs, so thanks for posting. Learning that EPM is in Greenland is a concern after new local gov't scuppered GGG plans. EPM has approval for field work which has minimal environmental impact.

Interesting, that EPM is sampling historical diamond drill cores that were obtained 50 years ago.

Price chart look bullish. There's already too many shares issued for my liking. Recent price action is probably result of current bullish sentiment for RE companies.

 
• 750m of historical diamond drill core from Gronnedal-lka carbonatite area identified.

• The diamond drill core had not been systemically assayed for REE mineralisation.

• Europium has been recognised throughout the carbonatite intrusion at several times greater concentration than average for rocks elsewhere. In short supply worldwide.

• Extensive faulting and fracturing associated with the intruding carbonatite are considered to have mobilised highly mineralised fluids extending into the surrounding rocks which has implications for further REE enrichment during alteration processes.

• The Gronnedal-lka carbonatite contains the only known readily accessible source of carbonate rock in Greenland which could be suitable for neutralising acid mine and process water.

• Strong correlation between the REE mineralisation identified within olivine dolorite dyke and the magnetic zones.

.... not really containing fresh news, just a bit of a taste to keep the interest level up. And essentially EPM has doubled to 5.2c in the last 4 weeks.
 
EPM is still one to watch. Recently got as high as 6.7c, received a speeding ticket,
1. No
2. Not Applicable
3. Does Not have any other explanation that explains the recent trading in its securities.
4. In Compliance

and has dropped from that excitement; now 4.5c. Currently "advancing understanding of the Greenland situation":
• Historic diamond drill core samples from Ivittuut and Gronnedal-lka in Greenland submitted to Perth laboratory for comprehensive chemical analysis
• These analyses are a step forward to enhance understanding of Ivittuut’s quartz, cryolite and siderite mineralisation and potential for the Gronnedal-Ika carbonatite complex to host REE
• Eclipse has obtained samples from historic tailings dumps which are being prepared for despatch to import into Australia*
• Significant Exploration Targets defined for the quartz mineralised zone which forms a flat roughly circular intrusive body predicted 220m in diameter with a true thickness of about 90m.
• Gronnedal-lka carbonatite deposit historical grab samples returned total rare earth (TREE) grades of up to 34,400 ppm
• Strong correlation between REE mineralisation identified within olivine dolerite dykes and magnetic zones at Gronnedal-lka

* Results will be announced in due course, however due to high demand from mineral exploration in Australia, it is unclear when they will be available.
 
Started trading on the hotdog exchange (Frankfurt) on Wednesday, dual listing.
Noticed from chart action only.

 
coming out of a TH ... up 180 percent

.
ECLIPSE METALS UNVEILS TRANSFORMATIONAL 89MT RARE EARTHS RESOURCE INCREASE AT GRØNNEDAL​
- part of the Company’s wholly owned Ivigtût multi-commodity critical mineral project in southwest Greenland.

Highlights
• The inferred Mineral Resource Estimate has increased to 89 million tonnes at a grade of 6,363ppm TREO, containing 567,600 tonnes TREO, using a 2,000ppm TREO cut-off.
• This represents a more than 70-fold increase, significantly enhancing Grønnedal’s scale, strategic value, and resource potential.
• The increased MRE incorporates analytical data from six diamond drill holes.
• With an average grade exceeding 6,000ppm (0.65%) TREO, the MRE positions Grønnedal amongst the highest-grade rare earth elements deposits globally.
• Notably, individual samples returned TREO values above 2%, including high concentrations of key magnetic REE such as: neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb).
• The mineralisation remains open in all directions, reinforcing Grønnedal’s strong resource potential.
• The resource represents a small fraction of a large carbonatite intrusive defined by surface mapping, sampling, and electromagnetic surveys, with indications of continuous mineralisation from the surface to depths exceeding 500 meters.
• The MRE reinforces a compelling upside case for development, strategic investment and long-term value creation.
 
August Comp Pick!....Eclipse Metals Ltd, listed on the Australian Securities Exchange (ASX) under the ticker EPM.AX, is an Australian mineral exploration company focused on exploring and developing rare earth element deposits. Here's what you need to know about the company ¹ ²:

    • Company Overview: Eclipse Metals Ltd is dedicated to unlocking the value of its projects through strategic exploration and development, aiming to transform viable mineral deposits into profitable mining operations or form joint ventures.
    • Projects: The company's flagship project is the Ivigtût mine in Greenland, which historically was the world's largest cryolite mine and shows promising potential for rare earth elements. In Australia, Eclipse Metals holds an extensive exploration portfolio covering approximately 9,000 sqkm, prospective for uranium, manganese, copper, gold, vanadium, and precious metals.
    • Recent Developments: In April 2025, the company reported highly encouraging analytical results from its Ivigtût project, confirming the presence of high-grade rare earth element mineralization at the Grønnedal Prospect. The results included significant Total Rare Earth Oxide (TREO) values, with one sample returning 20,092ppm (2.01%) TREO.
    • Financials: As of July 22, 2025, the company's market capitalization is approximately $56.98 million AUD, with a current share price of $0.02 AUD.
    • Upcoming Events: Eclipse Metals is scheduled to release its quarterly report on July 30, 2025, and its annual report on September 16, 2025.
 
EPM still on a high, climbing 5 points, this morning. After recent breakout back in June, as it seems its in a immaculate position to prosper;

 
Quarterly Activities Report and Appendix 5BFor the Quarter ending 30 June 2025

Eclipse Metals Ltd (ASX: EPM) (Eclipse or the Company) is pleased to report on its activities for the quarter ending 30 June 2025.

The period was marked by significant progress at the Company’sGreenland rare earths projects and strategic advances in its Australian uranium portfolio.

HIGHLIGHTS OPERATIONAL

● Major Resource Upgrade at Grønnedal (Greenland)Inferred Mineral Resource Estimate (MRE) at Grønnedal upgraded to 89.2 Mt @ 6,363 ppm TREO, containing 567,600 tonnes TREO—a 70-fold increase from the maiden resource.

● High-Grade Rare Earth Discoveries in Historical Drill holes New assays from historical drill holes confirmed high-grade mineralisation at depth, including 20,092 ppm TREO over 0.3 m, validating vertical continuity and expanding the resource potential.

● Positive Metallurgical Results from SGS Canada Liberation studies confirmed up to 54% recovery of REE minerals (Synchysite, Bastnasite,Monazite) via low-cost flotation. Magnet REEs (Nd, Pr, Dy, Tb) comprise 33–39% of TREO,enhancing economic viability.

● Strategic Geopolitical Positioning of Grønnedal Project location offers deep-water access, grid infrastructure, and no uranium penalty—favourable for ESG and permitting compared to global peers.

CORPORATE

● $2 Million Capital Raise to Accelerate Greenland Exploration Eclipse raised $2 million via an oversubscribed placement at $0.015/share, spearheaded by a $500,000 investment from an existing shareholder.

● EU Strategic Project Status Under Review The Ivigtût Project remains under active consideration for Strategic Project status under the EU Critical Raw Materials Act, despite not being included in the March 2025 list.

● Progress Update on Strategic Positioning A corporate update was released highlighting the strengthened strategic position following the Grønnedal resource upgrade and ongoing partnership discussions.
 
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