# Greenland Mines Delivers Landmark S-K 1300 Mineral Resource Estimate for Sarfartoq in Greenland; First-Ever Indicated Resource and First Combined Open Pit/Underground Resource for the Critical Nd-Pr Magnet Rare Earths Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e Original source: https://www.globenewswire.com/news-release/2026/08/24/3349847/0/en/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfartoq-in-greenland-first-ever-indicated-resource-and-first-combined-open-pit-underground-resource-for-t.html Publisher: globenewswire Original announcement: 2026-08-24T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Greenland Mines Ltd - Ticker: GRML - Exchange: Unavailable - Region: Greenland - Primary commodity: Rare earths - Secondary commodities: Neodymium, Praseodymium, Dysprosium, Terbium - Document categories: Resource update - Extracted: 2026-09-12 02:23:39 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Greenland Mines has released a landmark S-K 1300 Mineral Resource Estimate for the Sarfartoq project in Greenland, marking the first time the project has achieved an Indicated resource category. The estimate includes a new 'Hybrid' scenario combining open pit and underground mining, totaling 12.2 million tonnes at 1.32% TREO. Reasoning: The announcement delivers a landmark S-K 1300 resource estimate that upgrades the project to Indicated status and introduces a hybrid mining scenario, significantly de-risking the technical pathway. - Positive factor: First-ever Indicated resource category achieved - Positive factor: First combined open pit/underground \(Hybrid\) resource model - Positive factor: S-K 1300 compliant reporting - Positive factor: High-grade magnet rare earth enrichment \(Nd, Pr, Dy, Tb\) - Positive factor: Advanced metallurgical characterization \(98-99% Nd recovery\) - Negative factor: Resource does not have demonstrated economic viability Facts used in scoring: 10 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Resource Estimates (10) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-0) Sarfartoq · rare\_earths #### Identity - Project: Sarfartoq - Commodity: rare\_earths - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:65529b4aee4c74929261 - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 7475000 - Grade: 1.56 - Grade Unit: % #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: High-grade indicated resource in a key magnet metal zone. - Positive factor: First Indicated resource for project Evidence · table > 1.56 Context: 7,475 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-1) Sarfartoq · neodymium #### Identity - Project: Sarfartoq - Commodity: neodymium - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:65529b4aee4c74929261 - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 7475000 - Grade: 3009 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Key magnet metal component. Evidence · table > 3,009 Context: 7,475 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-2) Sarfartoq · praseodymium #### Identity - Project: Sarfartoq - Commodity: praseodymium - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:65529b4aee4c74929261 - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 7475000 - Grade: 944 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Key magnet metal component. Evidence · table > 944 Context: 7,475 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-3) Sarfartoq · dysprosium #### Identity - Project: Sarfartoq - Commodity: dysprosium - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:65529b4aee4c74929261 - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 7475000 - Grade: 31.8 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Key heavy rare earth component. Evidence · table > 31.8 Context: 7,475 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-4) Sarfartoq · terbium #### Identity - Project: Sarfartoq - Commodity: terbium - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:65529b4aee4c74929261 - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 7475000 - Grade: 13 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Key heavy rare earth component. Evidence · table > 13.0 Context: 7,475 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-5) Sarfartoq · rare\_earths #### Identity - Project: Sarfartoq - Commodity: rare\_earths - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:df814146629013bcb365 - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 2603000 - Grade: 1.36 - Grade Unit: % #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Speculative category. - Negative factor: Inferred category Evidence · table > 1.36 Context: 2,603 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-6) Sarfartoq · rare\_earths #### Identity - Project: Sarfartoq - Commodity: rare\_earths - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:8149e7ffeeb337028ade - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 6608000 - Grade: 1.63 - Grade Unit: % #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: High grade open pit indicated resource. Evidence · table > 1.63 Context: 6,608 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-7) Sarfartoq · rare\_earths #### Identity - Project: Sarfartoq - Commodity: rare\_earths - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:79058abd20ea3d3fadbd - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 6015000 - Grade: 0.88 - Grade Unit: % #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Speculative category. - Negative factor: Inferred category Evidence · table > 0.88 Context: 6,015 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-8) Sarfartoq · rare\_earths #### Identity - Project: Sarfartoq - Commodity: rare\_earths - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:6b29021fe5fcd8a338fb - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 6900000 - Grade: 1.6 - Grade Unit: % #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Hybrid scenario provides development flexibility. - Positive factor: First combined scenario modeled Evidence · table > 1.60 Context: 6,900 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/greenland-mines-delivers-landmark-s-k-1300-mineral-resource-estimate-for-sarfart--3e1730db-79fe-42ee-bd8a-e6bb9915049e#fact-resource-facts-9) Sarfartoq · rare\_earths #### Identity - Project: Sarfartoq - Commodity: rare\_earths - Region: greenland - Reported Region: Greenland - Ticker: GRML #### Resource scope - Estimate type: resource - Effective date: 2026-07-31T00:00:00.000Z - Reporting standards: sec\_sk1300 - QP Signed: Yes - Qualified person names: Ronald G. Simpson, Hassan Ghaffari - Resource group id: resource:ab2db334d3f1636025c4 - Deposit or zone: ST1 - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 5341000 - Grade: 0.96 - Grade Unit: % #### Prior Estimate - Resource Date: 2026-07-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Speculative category. - Negative factor: Inferred category Evidence · table > 0.96 Context: 5,341 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.