Maiden Sampling Identifies District-Scale Critical Minerals System at Blue

Highlights
- Maiden sampling program at the Blue Lagoon Project (Blue Lagoon) unlocks new Zirconium (Zr) and Rare Earth Elements (REE) potential district in Greenland.
- First sampling program at Blue Lagoon since 1979 has successfully returned elevated Zr + REE mineralisation. All 113 samples returned anomalous values, across a ~2.7km strike – indicating a highly prospective new critical metals district in Greenland.
Zirconium & Hafnium
- Exceptional high-grade Zirconium Oxide (ZrO2) and Hafnium Oxide (HfO2) surface samples include:
- 4.42% ZrO2 & 98ppm HfO2 (Sediment Sample 26818D)
- 4.09% ZrO2 & 99ppm HfO2 (Sediment Sample 26817D)
- 3.82% ZrO2 & 82ppm HfO2 (Sediment Sample 26808D)
- 3.58% ZrO2 & 61ppm HfO2 (Sediment Sample 26820D)
- 3.13% ZrO2 & 62ppm HfO2 (Sediment Sample 26803D)
- 2.85% ZrO2 & 73ppm HfO2 (Sediment Sample 26806D)
- 2% ZrO2 and 40ppm HfO2 encountered in auger holes and sediment samples across the entire ~2.7km strike, indicating a large-scale, broad and well mineralised target area.
- Hafnium is a critical semiconductor metal, which has become vital for supercharging the next-generation microchips and semiconductors, due to its high-K constant (dielectric constant) allowing Hafnium to store significantly more electrical charge than traditional SiO2 based semiconductors.
- HfO2 has a K-constant approximately ~6x higher than SiO2, with one of the highest melting points of any compound, resulting in 1000x reduction in electron leakage through transistors versus SiO2 – underpinning the next generation of high-performing semiconductors1.
- HfO2 (High Purity) indicative sale price currently at AU $16,297/kg, reflecting its advanced chemical properties, increasing demand in high‑tech applications, and the scarcity of hafnium‑bearing minerals2.
- Blue Lagoon sampling has confirmed a ~2.7km strike with 2% ZrO2 and 40ppm HfO2 at surface, with potential for Hafnium grades to concentrate further at depth, subject to drilling confirmation.
Rare Earths
- The Blue Lagoon Project has returned high-grade REE results with consistent elevated Magnet Rare Earth Oxides (MREO)13 encountered at surface, with Total Rare Earth Oxide (TREO)13,16 grades highlighted by:
- 8,079 ppm TREO with 29% MREO (Sediment Sample 26824D)
- 6,491 ppm TREO with 27% MREO (Sediment Sample 26801D)
- 5,668 ppm TREO with 27% MREO (Sediment Sample 26824C)
- 5,654 ppm TREO with 27% MREO (Sediment Sample 26823D)
- 5,519 ppm TREO with 25% MREO (Sediment Sample 26818D)
- Blue Lagoon has shown exceptional Heavy Rare Earth Oxides (HREO)14,15 enriched in Dysprosium (Dy2O3) and Terbium (Tb4O7) grades encountered at surface, unlocking a new completely untapped district in Greenland:
- 886ppm HREO (Sediment Sample 26824D)
- 752ppm HREO (Sediment Sample 26801D)
- 742ppm HREO (Sediment Sample 26823D)
- 682ppm HREO (Sediment Sample…
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