Greenland Mines Ltd (NASDAQ: GRML) announced results from an independent metal price sensitivity analysis on its Skaergaard Project in East Greenland. The study by SLR Consulting applied updated metal price assumptions to the company's existing 2022 mineral resource model.

The analysis showed palladium equivalent grades increasing by 45% for indicated resources and 55% for inferred resources in the high-price scenario compared to the 2022 base case. The high-price case assumes gold at $5,000 per ounce, palladium at $1,800 per ounce, and platinum at $2,175 per ounce.

Under the high-price scenario, the project shows 16.58 million ounces of palladium equivalent in indicated resources and 21.92 million ounces in inferred resources. The 2022 base case used prices of $1,800 per ounce for gold, $1,725 per ounce for palladium, and $1,250 per ounce for platinum.

The sensitivity study maintained the same geological model, drill database, tonnages, geometry, and cut-off grade of 1.43 grams per tonne palladium equivalent from the 2022 resource estimate. SLR also tested low and medium price scenarios, both showing increases in total palladium equivalent content compared to the 2022 base case.

The company emphasized that the analysis represents a metal price sensitivity exercise rather than an updated mineral resource estimate. The underlying 2022 mineral resource estimate remains unchanged, with all parameters except metal prices held constant.

Greenland Mines plans to evaluate open-pit and bulk-mining scenarios alongside underground concepts in its 2026 program, as recommended by SLR in the 2022 technical report. The company's Skaergaard Project hosts an NI 43-101 mineral resource of 11.4 million ounces palladium equivalent indicated and 14.1 million ounces palladium equivalent inferred.