Eclipse Metals receives further Greenland Government validation through Ivittuut licence extension
Eclipse Metals Ltd (ASX:EPM) has received further indication of the Greenland Governments support for its Ivittuut Project through confirmation of a four-year extension to the mineral exploration licence. The extension of MEL2007-45 to December 31, 2024, is also validated by the government through heavily-reduced minimum expenditure commitments for the first year of tenure. This follows Greenlands Minister for Mineral Resources Naaja Nathanielsen signing addendum No 6 to the licence document granted to Eclipse, providing the updated conditions. Historic cryolite mine Eclipse acquired the Ivittuut project in January 2021 and the project area hosts the historic Ivittuut cryolite mine and undeveloped mineral resources, including a large REE-bearing carbonatite deposit. Between 1865 and 1985, the Ivittuut mine produced 3.8 million tonnes of high-grade cryolite, used in the aluminium industry, from the world''s largest known mineable resource of naturally occurring cryolite (Bondam, J. 1991).
Eclipse Metals receives further Greenland Government validation through Ivittuut licence extension
Eclipse Metals Ltd (ASX:EPM) has received further indication of the Greenland Governments support for its Ivittuut Project through confirmation of a four-year extension to the mineral exploration licence. The extension of MEL2007-45 to December 31, 2024, is also validated by the government through heavily-reduced minimum expenditure commitments for the first year of tenure. This follows Greenlands Minister for Mineral Resources Naaja Nathanielsen signing addendum No 6 to the licence document granted to Eclipse, providing the updated conditions. Historic cryolite mine Eclipse acquired the Ivittuut project in January 2021 and the project area hosts the historic Ivittuut cryolite mine and undeveloped mineral resources, including a large REE-bearing carbonatite deposit. Between 1865 and 1985, the Ivittuut mine produced 3.8 million tonnes of high-grade cryolite, used in the aluminium industry, from the world''s largest known mineable resource of naturally occurring cryolite (Bondam, J. 1991).