ASX-listed European Lithium has unveiled a maiden mineral resource estimate (MRE) of 45-million tonnes grading 0.4% rare-earth oxide at its Tanbreez project in Greenland, marking a pivotal step in establishing the site as a major critical minerals supplier. The MRE, initially prepared in 2016 for Rimbal, was disclosed after European Lithium increased its stake in the project to 7.5% and deemed it a material asset following a partnership with Nasdaq-listed Critical Metals Corp (CMC).
The Tanbreez project spans rare earth deposits at Tanbreez Fjord and Tanbreez Hill, hosted within a 270-meter-thick mineralized kakortokite unit covering 5 km by 2.5 km. While the broader host unit holds 4.7-billion tonnes, current drilling focuses on a fraction of the area. European Lithium and CMC now jointly own 49.5% of the project, with CMC completing extensive due diligence, including a recent drilling program to expand the resource.
Executive Chairperson Tony Sage emphasized the project’s untapped potential: “Drilling has only covered 5% of the area—deeper and extension drilling will begin shortly to target a higher resource.” He highlighted Tanbreez’s role in delivering rare earth elements (REEs) to meet surging demand in North America and Europe, particularly for defense and next-generation technologies.
