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80 Mile Disko project permits: drilling, earn-in and capex lens for mine planners

May 11, 2026|

Reviewed by Joe Ashwell

80 Mile Disko project permits: drilling, earn-in and capex lens for mine planners

First reported on MINING.com

30 Second Briefing

80 Mile PLC has secured all exploration permits and a definitive earn-in agreement with USFM to start a 5,000‑metre diamond drilling campaign in early July at the Disko-Nuussuaq nickel‑copper‑cobalt‑PGE project in West Greenland. USFM will spend an initial $30 million to earn up to 51% of Disko, with a $7.5 million budget allocated to the first drill phase, leaving 80 Mile free carried for its remaining 49%. SRK Exploration will act as Geological Manager and Forage Fusion Drilling will supply two diamond rigs for the first systematic drilling on the target, which is considered analogous to Norilsk‑Talnakh nickel/copper sulphide mineralisation.

Technical Brief

  • Earn-in structure gives USFM up to 51% legal and beneficial interest in Disko on spend.
  • 80 Mile retains a 49% free-carried interest until the full USFM US$30 million commitment is expended.
  • Initial drilling constitutes the first systematic drill testing ever undertaken on the Disko licence area.
  • Forage Fusion Drilling will operate two diamond rigs, enabling concurrent hole advancement and faster metre accumulation.
  • Target model is magmatic nickel–copper sulphides analogous to Norilsk–Talnakh, implying potential for high-grade, conduit-style bodies.
  • Greenland “first mover” position gives 80 Mile strategic control over two high-potential critical metal projects in-country.

Our Take

The fully funded US$7.5 million drilling budget is at the upper end of what our database shows for first-pass programmes in remote Arctic jurisdictions, signalling that USFM is targeting a relatively aggressive test of the Norilsk-Talnakh style conceptual model rather than incremental step-out work.

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Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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