Eclipse Metals Says Greenland Rare Earth Element Project Metallurgical Testing Indicates Mineralization Reports to Combined Ferro-Magnetic Fractions, Shares Fall 4%
MT Newswires Live
Feb 20
Eclipse Metals (ASX:EPM) said initial wet high-intensity magnetic separation sighter test results during the first phase metallurgical testing from the Grønnedal rare earth elements project in Greenland indicated that rare earth element mineralization reports to combined ferro-magnetic fractions, showing strong magnetic amenability under staged separation conditions, according to a Friday Australian bourse filing.
The ore demonstrated consistent magnetic amenability across compositional variability. Head assay results showed neodymium ranging from 533 parts-per-million (ppm) to 1,828 ppm, with "meaningful" praseodymium support.
Its shares fell 4% in recent trading on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.