Major Precious Metals is well positioned to become one of the largest gold and palladium producers in the world.
Major Precious Metals owns 100% of the Skaergaard Project, located on the Eastern Coast of Greenland, with a total Indicated and Inferred Mineral Resource of 19.9Moz PdEq. The Skaergaard Project is one of the largest palladium and gold deposits outside the major PGM producing areas of South Africa and Russia, leveraging Greenland’s pro-mining legislation and public sentiment.
Greenland has several historical and currently operating mines including gold, lead, zinc and other industrial minerals. Skaergaard contains mostly palladium and gold, as well as copper, iron, titanium and vanadium. The deposit has near 100% surface exposure due to recent ice melting, which exposed new areas to mapping.
With strong ESG strategies in place, Major Precious Metals’ is currently working with SLR Consulting to complete an updated MRE following the 8,195m drill campaign completed September 2021. The most recent summer drilling programme uplifts the total metres drilled to over 43,000m.
The company is progressing towards a PEA to examine project economics at current high metal prices & cut-off grades.
Past metallurgical testing has demonstrated gold & palladium may be recovered through floatation with high recoveries.