Project UpdateJul 15, 2026, 08:02 AM
Greenland Mines Skaergaard PdEq Metal +31%, Grade +36%
AI Summary
Greenland Mines Ltd announced a significant update to the Mineral Resource Estimate (MRE) for its Skaergaard precious and critical metals project. The 2026 MRE, now compliant with SEC's 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. These improvements, driven by a more robust geological model and current metal prices, position Skaergaard as a major undeveloped resource. The company plans to move forward with an Initial Assessment, including evaluation of open-pit mining options.
Key Highlights
- Indicated PdEq contained metal increased 31% to 15.00 Moz.
- Indicated PdEq grade increased 36% to 3.04 g/t.
- Inferred PdEq contained metal increased 24% to 17.49 Moz.
- Inferred PdEq grade increased 44% to 3.07 g/t.
- Skaergaard project's 2026 MRE is now S-K 1300 compliant.
- The updated MRE confirms Skaergaard as one of the largest undeveloped palladium, gold, and platinum resources.
- Company will proceed to an Initial Assessment (IA), evaluating open-pit scenarios.
Price Impact
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