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European Lithium flags resource growth potential from high-grade Tanbreez drilling in Greenland

ByYahoo Finance
2 days ago
Source:Yahoo Finance
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European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has reported a fresh set of high-grade drilling results from the Tanbreez Rare Earths Project in southern Greenland, highlighting expanding mineralisation across multiple zones and reinforcing the project’s scale and long-term development...

European Lithium Ltd(ASX:EUROTCQB:EULIF) View Price & Profile European Lithium flags resource growth potential from high-grade Tanbreez drilling in Greenland

Last updated: 00:41 10 Feb 2026 EST, First published: 19:01 09 Feb 2026 EST

European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has reported a fresh set of high-grade drilling results from the Tanbreez Rare Earths Project in southern Greenland, highlighting expanding mineralisation across multiple zones and reinforcing the project’s scale and long-term development potential.

The results, drawn from the final assays of the 2025 drilling campaign, cover both the established Fjord Deposit and a newer target known as Area B, located immediately east of the Hill Zone Deposit.

Project Dilling historical 2007- 2014 and 2024 and 2025 Summary Plan (WGS84 zone 23N)

The company says the data points to strong geological continuity, near-surface mineralisation and scope for meaningful resource growth ahead of a planned 2026 drill season.

Diamond drill hole pad DDH25-5 drilled September 2025.

Tanbreez is operated by Critical Metals Corp, in which European Lithium holds a 37.5% stake, giving it substantial exposure to one of the world’s largest peralkaline-hosted rare earth systems.

Area B emerges as a new growth corridor

The most notable takeaway from the update is the performance of Area B, where broad-spaced reconnaissance drilling returned thick, consistent rare earth intersections across a highly prospective 1.75-kilometre corridor.

Area B - over 1,750m strike length of TREO mineralisation

Key results included:

132 metres at 0.46% total rare earth oxide + yttium (TREO+Y) from surface in hole 25-D10 128 metres at 0.43% TREO+Y from surface in hole 25-D13 Multiple stacked mineralised intervals in holes 25-D16 and 25-D17, including 82 metres at 0.44% TREO+Y and a higher-grade 2-metre zone at 0.61% TREO+Y

Across the 2025 program, Area B drilling returned TREO+Y grades ranging from roughly 0.35% to 0.61%, with heavy rare earth oxides (HREO) consistently accounting for around 21–27% of the total rare earth content.

European Lithium said the wide drill spacing means the area remains early-stage, but the continuity observed to date suggests Area B could represent a significant eastern extension of the existing Hill Deposit mineralisation.

Area B ground proofing September 2025 for drill pad locations below 25-D09.

Fjord deposit remains open along strike

Final assay results from the northeastern end of the Fjord Deposit also delivered consistent grades and confirmed the mineralised system remains open.

Highlights from holes 25-D14 and 25-D15 included:

38 metres at 0.38% TREO+Y from 21 metres 55.5 metres at 0.41% TREO+Y from 2 metres

The mineralisation occurs close to surface and shows strong lateral and vertical continuity, supporting the case for further step-out drilling and a potential upgrade to the Mineral Resource Estimate.

The company said the Fjord and Upper Fjord results provide a strong technical foundation for extension and infill drilling planned for 2026, with an eye on optimising future pit designs and advancing mine planning studies.

Heavy rare earth profile and strategic metals

Beyond headline grades, the latest results continue to underline Tanbreez’s favourable rare earth mix, with HREOs making up roughly 26–27% of TREO+Y across the 2025 drilling.

Assays also confirmed the presence of several strategically important associated elements, including gallium, hafnium, yttrium, cerium, niobium, tantalum and zirconium. These elements are considered increasingly important in advanced manufacturing, defence applications and next-generation technologies.

The combination of scale, grade consistency and by-product potential reinforces Tanbreez’s standing as a globally significant rare earth system, European Lithium said.

2026 drilling and resource work ahead

Critical Metals CEO Tony Sage said the new results further extend confidence in Tanbreez’s broader mineralised footprint and long-term development potential.

“Importantly, the new assay data is expected to add further mineralised tonnage to the existing Hill and Fjord Deposits, supporting a potential uplift in scale and continuity across a significantly larger project footprint,” he said. “This reinforces Tanbreez as a strategic, long-life rare earth asset.”

Planning is now under way for the 2026 field season, with proposed drilling focused on defining scale, improving continuity and supporting future resource and mine planning studies.

Strategic exposure for European Lithium

While European Lithium’s core focus remains on lithium assets in Europe and Australia, its substantial shareholding in Critical Metals gives it leveraged exposure to Tanbreez at a time of growing geopolitical interest in secure rare earth supply chains.

As of February 9, 2026, European Lithium’s stake in Critical Metals was valued at about A$769 million, underlining the financial significance of Tanbreez’s ongoing technical progress.

With multiple mineralised zones still open and additional drilling now being planned, the latest results position Tanbreez as a key rare earth growth asset heading into the next phase of development.

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