Greenland Mines’ Skaergaard PGM lift: resource, cut-off and mine design notes
Reviewed by Joe Ashwell

First reported on MINING.com
30 Second Briefing
An updated S-K 1300 technical report for Greenland Mines’ Skaergaard project in southeast Greenland lifts indicated resources to 153.6 million tonnes at 1.53 g/t palladium, 0.65 g/t gold and 0.12 g/t platinum, raising contained indicated metal to 7.5 Moz Pd, 3.2 Moz Au and 0.6 Moz Pt and boosting grades by 36% versus 2022. Inferred resources now stand at 177.5 million tonnes grading 1.36 g/t Pd, 0.75 g/t Au and 0.11 g/t Pt, with contained metal up 24%, based on 42,050 m of drilling in 93 holes and a revised $84/t NSR cut-off. The reworked block model and higher long-term price deck ($3,500/oz Au, $1,725/oz Pd, $2,100/oz Pt) allow the company to advance directly to an initial economic assessment comparing an open-pit scenario on the northern plateau with underground options.
Technical Brief
- Cut-off redefined from 1.43 g/t PdEq to US$84/t NSR, directly changing ore/waste classification.
- Block model now uses a standard, geometry-respecting approach, removing prior artificial dilution of mineralised blocks.
- Resource update is S-K 1300-compliant, giving Greenland Mines a US regulatory basis for economic studies.
- Long-term price deck increased to US$3,500/oz Au, US$1,725/oz Pd and US$2,100/oz Pt.
- Database remains 42,050 m of drilling in 93 holes, so changes arise purely from re-interpretation and economics.
- Inferred tonnage reduced by 13%, yet contained metal rose 24%, indicating more selective, higher-grade block definition.
- Planned initial economic assessment will contrast an open pit on the northern plateau with underground mining geometries.
- Northern plateau focus reflects near-surface Au-Pd-Pt mineralisation, favouring lower strip ratios in early pit scenarios.
- Ranking among largest undeveloped PGM projects positions Skaergaard as a Western alternative to South African/Russian supply.
Our Take
In our database, Greenland Mines’ recent move to acquire the Sarfartoq rare earths project from Neo Performance Materials positions Skaergaard’s palladium–gold–platinum inventory as one leg of a multi-asset critical minerals strategy in Greenland rather than a standalone bet on PGMs.
The company’s 9.9% stake in AnorTech, which has midstream exposure to alumina and rare earth–linked processing, suggests Greenland Mines is already thinking about downstream or processing optionality that could later be leveraged for Skaergaard concentrates if logistics from southeast Greenland to Europe or North America prove challenging.
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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