All You Need to Know About Eclipse Metals
ECLIPSE METALS Ltd, an Australian exploration company, has projects in south-western Greenland, Northern Territory and Queensland, Australia. The company has an impressive portfolio of prospective mineral assets including manganese, uranium, copper, palladium and gold. Eclipse Metals, led by Executive Chairman Carl Popal, currently holds an area of 9,052 square kilometres in Northern Territory and Queensland in addition to its Ivittuut project of 57sqkm in Greenland. Eclipse Metals has five major projects located in geologically favourable areas that have known occurrences of minerals.
Eclipse Metals Financials
The company is listed on the Australian Stock Exchange as Eclipse Metals Ltd (ASX: EPM) and has a share price of AUD 0.037. The 52-week range of ECLIPSE METALS share price falls between AUD 0.018 TO 0.068. The Volume (4w avg.) of the stock is 2,142,387 , and the stocks provided 94.74% return to the investors in the last 1 year. The company has a market capitalization of AUD 71,081,677 and received the rank of 1225 on the Australia ASX index. Its sector rank is 67 out of 165 on ASX sector index. To date, the company has issued more than 1.9 BILLION SHARES.
Eclipse Metals Projects
Eclipse’ mining projects are covered by 19 mineral tenements. The company’s flagship Ivittuut Project in Greenland includes the world’s largest historical cryolite mine in an area with recently demonstrated high rare earth and lithium potential. The company has five major projects, detailed below.
GREENLAND
Ivittuut Project
The Ivittuut Project is located in south-western Greenland. About 5.5 Kilometres to the northeast of Ivittuut, the settlement of GrØnnedal (aka Kangilinnguit) has port infrastructure which would support the project. The project is one of the largest Greenland mining and exploration projects with historical exploration that included approximately 19,000 metres of diamond drilling with drill core stored in a Greenland government facility. Previous exploration ceased in 1987.Eclipse now proposes to undertake an exploration program to expand on their existing geological knowledge of the mine precinct. Additional drilling and sampling will also guide Eclipse to identify nearby geological targets. Findings from this exploration project will be the basis for the development of a mining resource model for Eclipse Metals’ flagship project.
