Greenland Mines Ltd (NASDAQ: GRML) reported results from an independent metal-price sensitivity analysis on its Skaergaard Project in Southeast Greenland, showing palladium-equivalent grade increases of 45% for indicated resources and 55% for inferred resources compared to its 2022 base case.

The analysis, completed by SLR Consulting, applied updated metal price assumptions to the existing 2022 mineral resource model while keeping all other technical parameters constant. The high-price sensitivity case used $5,000 per ounce for gold, compared to $1,800 per ounce in the 2022 base case.

Under the high-price scenario, the project shows 16.58 million ounces of palladium-equivalent indicated resources and 21.92 million ounces of palladium-equivalent inferred resources. The analysis retained the 2022 block model, drill database, classification criteria, cut-off grade of 1.43 grams per tonne palladium-equivalent, and bulk density of 3.12 tonnes per cubic meter.

The company holds an 80% interest in the Skaergaard Project with an option to acquire the remaining 20%. The deposit has approximately $30 million in historical exploration investment.

Greenland Mines plans to evaluate open-pit and bulk-mining scenarios alongside underground concepts in its 2026 program. The company has engaged SLR Consulting as geological consultant, GTK Mintec for metallurgical work, and WSP for environmental baseline studies.

President Bo Møller Stensgaard said the sensitivity analysis demonstrates the project's leverage to metal price environments. He noted the company views Skaergaard as a potential future operation with mine method and metal prices acting as operational levers.

The sensitivity analysis is not a new resource estimate and mineral resources do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the project.