Project UpdateJul 20, 2026, 04:32 PM
Greenland Mines: Skaergaard PdEq Grade Up 36-44%, Indicated Ounces +31%
AI Summary
Greenland Mines Ltd announced a significant update to the Mineral Resource Estimate (MRE) for its Skaergaard precious and critical metals project in southeast Greenland. The 2026 MRE, compliant with S-K 1300, shows a 31% increase in Indicated PdEq contained metal to 15.00 Moz and a 36% increase in Indicated PdEq grade to 3.04 g/t. This upgrade is attributed to updated metal prices, including gold at $3,500/oz, and an improved geological model, positioning Skaergaard as one of the largest undeveloped palladium, gold, and platinum resources in the western world.
Key Highlights
- Indicated PdEq contained metal increased by 31% to 15.00 Moz.
- Inferred PdEq contained metal increased by 24% to 17.49 Moz.
- Indicated PdEq grade increased by 36% to 3.04 g/t.
- Inferred PdEq grade increased by 44% to 3.07 g/t.
- The 2026 MRE uses updated metal prices, including gold at $3,500/oz.
- The updated MRE establishes a U.S. regulatory foundation for the project under S-K 1300.
- The company plans to move to an Initial Assessment (IA), evaluating open-pit and underground options.
Price Impact
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