#United States #Charlotte #Palladium #Greenland Mines #Skaergaard Project

Greenland Mines Reports Substantial Increases in Palladium Equivalent Grades

Greenland Mines Ltd, a publicly traded company on Nasdaq under the ticker symbol GRML, has released the results of an independent sensitivity analysis regarding metal prices at its Skaergaard Project located in East Greenland. Conducted by SLR Consulting, this analysis evaluated the impact of higher metal prices on the palladium equivalent (PdEq) grades and contained metals within the existing mineral resource model.

An Overview of Findings

The sensitivity analysis revisited the mineral resource model established in 2022, incorporating updated projections for the prices of palladium, gold, and platinum. The objective was to assess how these fluctuations in metal prices could influence equivalent grades, presenting the results as a theoretical exercise rather than a definitive update of mineral resources.

Under the high price sensitivity scenario outlined by SLR, the analysis indicates that indicated PdEq resources have risen to approximately 16.58 million ounces while inferred resources have surged to 21.92 million ounces. This translates to average PdEq grades increasing by an impressive 45% for indicated resources and a remarkable 55% for inferred resources compared to the previous 2022 estimates.

In addition, even the low and medium price scenarios also exhibited increases in total PdEq content while adhering to the same geological modeling and database criteria from 2022. This highlights the robustness of Skaergaard under various market conditions.


SLR Consulting noted that all other parameters remained constant from the historical estimates, ensuring a precise assessment of metal price impacts.

Insights from Greenland Mines Leadership

Bo Møller Stensgaard, the President of Greenland Mines Ltd, emphasized the significance of these findings. He stated, “The SLR sensitivity work crystallizes what makes Skaergaard so compelling. On the same conservative 2022 block model, applying a more favorable long-term price deck leads to an approximate 50% increase in combined Pd-Au-Pt value. This level of scale and pricing leverage is precisely what institutional and strategic stakeholders seek in upcoming projects.”

Stensgaard further observed that while the analysis presents an enticing glimpse into potential metal pricing, it is critical to recognize that this does not equate to a new mineral resource estimate. The company is dedicated to converting these prospects into tangible value, which requires thorough examinations of mining methods as recommended by SLR.

Future Directions for Skaergaard

Looking ahead, Greenland Mines intends to explore various mining strategies to maximize the Scala Project's potential. In the upcoming summer of 2026, planned activities include open-pit and bulk-mining scenarios, backed by comprehensive geotechnical, geophysical, and topographic data. The firm is collaborating with several experts, including GTK Mintec for metallurgy studies and WSP for environmental assessments, ensuring a robust framework for decision-making.

With a fully funded and expansive exploration campaign, Greenland Mines is enthusiastic about the future of Skaergaard, positioning it as a viable operation given favorable mining methods and market conditions. The analysis marks an exciting chapter in the project’s development.

Conclusion

In summary, the sensitivity study illustrates that with fluctuating metal prices, Skaergaard stands poised for advancement, showcasing the potential for heightened palladium and precious metal production. As the company continues to innovate and adapt, the coming years could unveil significant growth prospects, reinforcing Greenland Mines’ stature within the mining sector.