# EPM: Diamond Drilling Underway at Gronnedal - Greenland Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/epm-diamond-drilling-underway-at-gronnedal-greenland--6fc3db9c-c47a-4aa2-95c8-b9c5e8f119d8 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151946 Publisher: asx Original announcement: 2026-10-13T21:20:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T22:31:38.517Z Atlas analysis updated: 2026-10-13T22:31:38.517Z - Company: Eclipse Metals Ltd - Ticker: EPM - Exchange: ASX - Region: South Greenland - Primary commodity: Rare earths - Secondary commodities: Strontium, Gallium, Yttrium, Zirconium - Document categories: Other, Drill results, Resource update - Extracted: 2026-10-13 22:31:39 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Eclipse Metals has commenced mobilisation for a 17-hole, 2,400-metre diamond drilling program at the Grønnedal Rare Earths Project in Greenland. Drilling equipment and camp supplies have arrived at the Ivigtut landing facility, with works progressing to upgrade resource confidence and test for extensions. Reasoning: The announcement reports the successful mobilisation of a 2,400m diamond drilling program, which is a positive operational milestone for the project's advancement. - Positive factor: Drilling equipment and rigs have arrived on site - Positive factor: Mobilisation marks transition from planning to field execution - Positive factor: Program targets resource upgrade from Inferred to Indicated Facts used in scoring: 8 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The program is designed to undertake infill drilling within selected areas of the current Inferred Resource. Evidence · text > undertake infill drilling within selected areas of the current Inferred Resource ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Resource Estimates (7) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/epm-diamond-drilling-underway-at-gronnedal-greenland--6fc3db9c-c47a-4aa2-95c8-b9c5e8f119d8#fact-resource-facts-1) rare\_earths #### Identity - Commodity: rare\_earths - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:2014c85fe943332c1af4 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 6000000 - Grade: 7139 - Grade Unit: ppm - Contained Metal: 40000 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Indicated resource component of the existing Grønnedal resource. - Negative factor: Historical restatement Evidence · table > 7,139 Context: 6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/epm-diamond-drilling-underway-at-gronnedal-greenland--6fc3db9c-c47a-4aa2-95c8-b9c5e8f119d8#fact-resource-facts-2) rare\_earths #### Identity - Commodity: rare\_earths - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:460ddb3bbbcace4b0f0e - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 202000000 - Grade: 7242 - Grade Unit: ppm - Contained Metal: 1465000 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Inferred resource component of the existing Grønnedal resource. - Negative factor: Historical restatement Evidence · table > 7,242 Context: 202 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/epm-diamond-drilling-underway-at-gronnedal-greenland--6fc3db9c-c47a-4aa2-95c8-b9c5e8f119d8#fact-resource-facts-3) strontium #### Identity - Commodity: strontium - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:2014c85fe943332c1af4 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 6000000 - Grade: 1.45 - Grade Unit: % - Contained Metal: 82000 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Indicated strontium oxide component of the resource. - Negative factor: Historical restatement Evidence · table > 1.45 Context: 6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/epm-diamond-drilling-underway-at-gronnedal-greenland--6fc3db9c-c47a-4aa2-95c8-b9c5e8f119d8#fact-resource-facts-4) strontium #### Identity - Commodity: strontium - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:460ddb3bbbcace4b0f0e - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 202000000 - Grade: 1.43 - Grade Unit: % - Contained Metal: 2886000 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Inferred strontium oxide component of the resource. - Negative factor: Historical restatement Evidence · table > 1.43 Context: 202 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/epm-diamond-drilling-underway-at-gronnedal-greenland--6fc3db9c-c47a-4aa2-95c8-b9c5e8f119d8#fact-resource-facts-5) gallium #### Identity - Commodity: gallium - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:7183a6f2b4ca4649240e - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4870000 - Grade: 61 - Grade Unit: ppm - Contained Metal: 297 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Inferred gallium component of the Ivigtut resource. - Negative factor: Historical restatement Evidence · table > 61 Context: 4.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/epm-diamond-drilling-underway-at-gronnedal-greenland--6fc3db9c-c47a-4aa2-95c8-b9c5e8f119d8#fact-resource-facts-6) yttrium #### Identity - Commodity: yttrium - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:7183a6f2b4ca4649240e - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4870000 - Grade: 147 - Grade Unit: ppm - Contained Metal: 714 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Inferred yttrium component of the Ivigtut resource. - Negative factor: Historical restatement Evidence · table > 147 Context: 4.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/epm-diamond-drilling-underway-at-gronnedal-greenland--6fc3db9c-c47a-4aa2-95c8-b9c5e8f119d8#fact-resource-facts-7) zirconium #### Identity - Commodity: zirconium - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:7183a6f2b4ca4649240e - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 4870000 - Grade: 3380 - Grade Unit: ppm - Contained Metal: 16454 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Inferred zirconium component of the Ivigtut resource. - Negative factor: Historical restatement Evidence · table > 3,380 Context: 4.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.