Eclipse Metals Ltd (‘Eclipse’ or the ‘Company’) (ASX: EPM | FSE: 9EU) is pleased to provide an update on the scoping phase, progress toward a mining license, and completion of the Social and Environmental Impact Assessment (SIA and EIA).
HIGHLIGHTS:Positive progress made toward securing mining license.Dewatering of the pit to commence during 2024 field seasonPositive response and guidance from the Danish Centre for Environment and Energy (DCE) and Greenland Institute of Natural Resources (GINR)Step closer to mining licence application for Ivigtût and Grønnedal prospects
The Company has now received a positive response and guidance from the Danish Centre for Environment and Energy (DCE) and Greenland Institute of Natural Resources (GINR) following review of Eclipse Metals initial Scoping and Terms of Reference report for its mining license 2007/45 at Ivigtût (Ivittuut) (refer to ASX announcement 6th April 2023). Eclipse has subsequently submitted the reports to Greenland’s Mineral Licence and Safety Authority (MLSA) to progress the Ivigtût project.
Several recommendations have been made to the Company, including water sampling prior to dewatering the pit. The Company is confident of being able to meet all requirements and expects progress to be made toward a mining license during 2024. The Company has completed water and seaweed sampling for assessment from around the historic sampling stations (mentioned in the 1995 environmental report) within the Ivigtût mine coastal marine precinct for comparison with historical results.
Eclipse is looking forward to receiving consent to commence pit dewatering process during the 2024 field season and to gaining access to mineralisation within the pit environment, which contains zinc, lead, silver, quartz and cryolite (refer to ASX announcements 10th March and 29th March 2021).
Eclipse Metals Executive Chairman Carl Popal commented “We are excited to receive such positive feedback from DCE and GINR, which brings the Company one step closer to complying with protocols for a mining licence for the Ivigtût and Grønnedal prospects. The Company is focused on environmental, social and governance (ESG) aspects of its project portfolio and is committed to complying with internal ESG policies and protocols. The Company will remain focused on these environmental and social aspects as it progresses project development.
The Company is developing its project portfolio consisting of abandoned mines with the potential to not only minimise the mining footprint but further restore the dynamic use of former mining land with potential for REE and critical minerals such as at Ivigtût. Rejuvenating the Ivigtût mine project will provide valuable industrial and critical minerals for the high-tech EV revolution and green energy requirements with additional potential for REE, previously commercially neglected within the project site.”
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