European Lithium Reports 45 million tonnes Maiden Resource Estimate for Tanbreez Rare Earth Project.

European Lithium Ltd (ASX: EUR) has announced a Maiden Mineral Resource Estimate (MRE) of 45 million tonnes at 0.4% REO for the Tanbreez Rare Earth Project in Greenland. The MRE, originally prepared in 2016 for Rimbal Proprietary Limited, is now reported following European Lithium's acquisition of an interest in the project. The Tanbreez mineral sites are hosted within a 5km x 2.5km Kakortokite unit, estimated at 4.7 billion tonnes. Critical Metals Corp. (NASDAQ: CMC) has acquired a 42% stake, with European Lithium and CMC holding a combined 49.5% interest. 

Tanbreez is positioned to provide a stable supply of rare earth elements, particularly heavy rare earths (HREEs), to North America and Europe. Recent drilling for mine development studies is ongoing, with assay results expected soon. European Lithium’s Executive Chairman, Tony Sage, highlighted the project's vast potential and the upcoming expansion of drilling to enhance resource estimates.

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