Eclipse Metals (ASX:EPM) said analysis of historical drill core samples from its Grønnedal rare earth elements project in Greenland, including neodymium, praseodymium, dysprosium, and terbium are expected to be finalized in April, according to a Tuesday Australian bourse filing.
The results are expected to validate the scale and continuity of rare earth elements mineralization beyond the currently defined 1.18 million tonnes grading of 6,859 parts per million total rare earth oxides.
Its shares soared 20% in recent trading on Tuesday.
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