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2026-11-06
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European Lithium Limited

Scoping Study Developer · Rare Earths · Lithium · GL Rating locked: sign in to view v8.1 · eur-20261102t225752-full
Last 2026-11-05
A$0.39
1D
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1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$678.2M
EV
A$381.7M
Cash
A$296.5M
Debt
A$0
1 newer ASX announcement not yet reflected in this valuation

Portfolio detail

Assets

1 assets

Material

Tanbreez rare earth project (7.5% direct interest)

GL

Scoping Study Developer7.5% ownedRare Earths

Exploitation permit granted (MIN 2020-54, 30 years). Mining plan and closure plan approved by Government of Greenland on 29 Sep 2026 under the 2020-54 licence held by CRML's subsidiary. CRML holds 92.5% and the scheme transfers EUR's 7.5% to CRML at implementation.

Resource / scoping · Scoping study developer
Contained metal (attributable)
12.8k td
Resource grade
0.4%
% Measured + Indicated
5,660.0%d
Resource tonnes
44.90 Mt
Our value per attrib. contained unit
Locked
Mining method
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVUS$2.4B10% discount
IRR162%Published return

Lower end of the reported US$2.4-3.0bn range at 10%, 100% project basis, pre-tax as stated for the IRR; scoping study, not reserves

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceIndicated 25.4 Mt plus Inferred 19.5 Mt eudialyte, Fjord and Hill deposits44.9 Mt0.38% TREO (total), 1.39% ZrO2, 0.14% Nb2O5Rare Earths2025-05-29
Tenements1
ten-min-2020-54Granted18 km2 · 2050-09-08
Milestones1
  1. Scoping study published (NPV US$2.4-3.0bn at 8-10%)

    Achieved · High materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Mining Plan and Closure Plan approval (sections 77 and 80, Greenland Parliament Act on Mineral Activities)GreenlandGranted2050-09-08No
Economic studies1
StudyStageStatusDateSummary
Tanbreez scoping study (Agricola Mining Consultants)Scoping StudyCurrent2025-04-2319-year mine life on 24.25 Mt of Indicated eudialyte ore; NPV US$2.4-3.0bn at 8-10% discount; pre-tax IRR 162%. Scoping level; no ore reserves; study predates the Oct 2026 Greenland approvals.

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)

Stock database

Other assets

Plants, holdings and assets valued inside a project
Critical Metals Corp shareholding (31%, equity method) · Equity investment · Held
Investee
Critical Metals Corp (NASDAQ: CRML)
Holding
3,100.0%
Shares held
45.54m
Market value
—
% of holder's market cap
—
Cost basis
—
Cufe Ltd shareholding (18.56%, listed) · Equity investment · Held
Investee
Cufe Ltd (ASX: CUF)
Holding
1,856.0%
Shares held
384.87m
Market value
A$19.6mm
% of holder's market cap
2.9%m
Cost basis
—
Helix Resources shareholding (6.47%, listed) · Equity investment · Held
Investee
Helix Resources Limited (ASX: HLX)
Holding
647.0%
Shares held
12.45m
Market value
A$460.7km
% of holder's market cap
0.1%m
Cost basis
—
Moab Minerals shareholding (17.77%, listed) · Equity investment · Held
Investee
Moab Minerals Limited (ASX: MOM)
Holding
1,777.0%
Shares held
358.10m
Market value
A$358.1km
% of holder's market cap
0.1%m
Cost basis
—
Velta secured debt claim and shareholder loans · Other · Held
Ownership
—
Description
Secured creditor claim over Velta PCC (debt bought for US$21m against US$211m face) plus shareholder loans to Velta; no equity interest held at 30 Jun 2026
Book value
A$44.8m