European Lithium (ASX:EUR) found high-grade rare earth mineralization at its Tanbreez rare earth project in Greenland, according to a Wednesday Australian bourse filing.

The results were up to 40 meters at 0.48% total rare earth oxide with 1,513 niobium pentoxide, among other rare earths, from a depth of 40 meters.

The company said the drilling confirms continuity of grade and mineralogy across multiple sections of the project's Fjord deposit, consistent with historical data.

The company's shares fell 6% in recent Wednesday trade.