Northern Minerals' Dazzler Mine Resource Up 70%, Grade Rises 40% in WA Rare Earth Project

Eclipse Metals Ltd's Gronnedal rare earth project in Greenland saw its ore resource increase to 208 million mt, with a total rare earth oxide grade of 0.72%, equating to 1.5 million mt of rare earth oxides, including 456,000 mt of Pr-Nd oxides. At a cut-off grade of 0.2%, ore tonnage grew by 234% and grade rose by 12%. The first-time indicated ore resource was estimated at 5.65 million mt.

St George Mining made new progress in drilling at the Araxa rare earth mine in Brazil. One hole intersected 63 meters of ore from surface at a TREO grade of 5.8% and niobium (Nb2O5, the same hereinafter) of 0.57%, including 4.4 meters of ore at 22 meters depth at a TREO grade of 20.14%. Other hole intersections included: ● 151 meters of ore from surface at a TREO grade of 2.48% and niobium of 0.26%; ● 96 meters of ore from surface at a TREO grade of 2.82% and niobium of 0.44%. The highest grades were TREO of 25.37% and niobium of 3.26%.

Amid sustained demand growth, India plans to build a strategic reserve of critical minerals including lithium, cobalt, nickel, copper and rare earths. The stockpile will be sized to cover six months of domestic consumption, aiming to guard against risks of global supply disruptions and sharp raw material price volatility. Led by India’s Ministry of Mines and Ministry of Heavy Industries, the reserve covers key raw materials essential for new energy vehicles, energy storage and the electronics sector, fields where India currently relies heavily on imports. At present, the United States, China, South Korea and other countries have already established strategic reserve systems for critical minerals.