Eclipse Metals : Field Exploration Update - Ivittuut Greenland Project

17h November 2021

ASX Announcement

FIELD EXPLORATION UPDATE

IVITTUUT GREENLAND PROJECT

Highlights
only
use	∙ XRF field results for surface grab samples from the Gronnedal-Ika carbonatite
indicate significant REE content.
∙ Outcrop samples from Gronnedal-Ika and bulk samples collected from Ivittuut
mine mullock dumps and tailings now received in Perth for full chemical and
mineralogical laboratory analysis.

personalEc ipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to provide this update on current field activities within its Ivittuut project licence MEL2007‐45 located in southwestern Greenland.

The helicopter borne reconnaissance field program included collection of samples from the Ivittuut mine dumps and tailings and Gronnedal‐lka carbonatite intrusive. Initial XRF field testing has returned promising results for rare earth minerals.

An initial assessment of the land‐backed wharf has provided a better understanding of potential to re‐ e tablish a port facility for future exports of quartz, cryolite and fluorite mineralisation from re‐ development of and below the Ivittuut pit (Figures 1 and 2).

SAMPLES AND FIELD XRF RESULTS

IVITTUUT MINE ENVIRON

A bulk sample of mine waste (mullock) from the historical Ivittuut pit and samples from tailings produced Forby the historic treatment plant has now been received in Perth and will be sent to local laboratories for

detailed chemical and mineralogical analysis (Figures 3 and 4).

GRONNEDAL‐IKA CARBONATITE

Grab samples collected from two areas of outcrop were analysed in the field using a hand‐held XRF analyser (Figures 1, 5, 6, 7 and 8) to provide a preliminary assessment. The XRF results indicate potentially significant rare‐earth element content but cannot be verified and are not being presented in this report. These samples have also been received in Perth and will be submitted to local laboratories for full chemical and petrological analysis.

For personal use only

Figure 1. Outline of MEL2007‐45 over satellite image, showing location of Ivittuut mine and

Gronnedal‐Ika carbonatite

Figure 2. Image of current Ivittuut Mine precinct showing pit and remnants of land backed wharf

For personal use only

Figure 3. Ivittuut pit and waste dumps showing sample point.

Figure 4. Specimen from Ivittuut mine carrying siderite, cryolite and fluorite

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Figure 5. Gronnedal‐Ika sample locations

Figure 6. Gronnedal‐Ika carbonatite sampling

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Figure 7. Oxidised mafic dyke with magnetite and pink REE bearing mineral

from Gronnedal‐Ika

Figure 8. XRF testing large samples from Gronnedal‐Ika