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Doug Bright
Dalaroo Metals has pulled off a savvy double play, locking in one of Greenland’s best-known rare earths brains while lining up a run at US investors hungry for a secure critical minerals supply.
The company has appointed veteran geologist Greg Barnes as special advisor for Greenland, a move that instantly adds deep local experience to Dalaroo’s push at its Blue Lagoon project in the country’s mineral-rich south-west.
He is best known as the driving force behind both the Kvanefjeld and Tanbreez rare earths projects, two deposits widely regarded as among the most significant rare earth systems outside China.
With a JORC resource of about 45 million tonnes at 0.40 per cent total rare earths (TREO) and notable heavy rare earth content, Tanbreez’ mineral inventory underpins its potential role in Western-aligned critical minerals supply chains.
‘Establishing a presence on the OTCQB market expands Dalaroo’s access to one of the world’s deepest pools of capital for critical minerals and advanced materials.’
Dalaroo Metals chief executive officer John Morgan
With deep expertise in Greenland’s alkaline intrusives and unique geology – rich in zirconium, titanium, sodium, calcium, rare earths and fluorine, particularly within the Ilímaussaq Complex and Gardar Province – Barnes’s intimate knowledge is expected to strongly support Dalaroo’s project and business development efforts in the region.
Dalaroo Metals chief executive officer John Morgan said: “Greg’s experience across geology, permitting and stakeholder engagement in this jurisdiction materially strengthens Dalaroo as we advance Blue Lagoon following our encouraging maiden results.”
The move dovetails neatly with Dalaroo’s plan to seek a secondary listing on the OTCQB Venture Market in the United States. This step aims to raise the company’s profile among North American investors in critical minerals and rare earths, complementing its ASX primary listing with no change to corporate structure.
The OTCQB market is a US over-the-counter exchange, often referred to as the Venture market. Designed for early-stage and developing companies – including international ones – it provides companies with greater visibility and access to North American investors without the stricter rules of major exchanges such as the NASDAQ.
Dalaroo’s acquisition of the Blue Lagoon ground was completed last month and sits under a mineral exploration licence. It lies in Greenland’s prospective Gardar alkaline province, which is home to the Nunarsuit geological complex and is renowned for its suites of rare earth elements that often also include other critical elements such as zirconium, niobium and hafnium.
Dalaroo’s maiden 2025 exploration program – the first systematic modern work since the Geological Survey of Denmark and Greenland surveys in 1979 – has delivered strong early results across a strike distance of about 2.7 kilometres.
Highlights from 113 geochemical samples include peak values of 4.42 per cent zirconium oxide, 99 parts per million (ppm) hafnium and 0.81 per cent total rare earth oxides (TREO).
The results also lit up strong light rare earths enrichment, with cerium exceeding 2000ppm and neodymium around 900ppm, while heavy rare earths reached up to 886ppm, made up mostly of dysprosium and terbium.
Those heavy rare earth metals are vital to the manufacture of permanent magnets required in electric vehicles, wind turbine power generators and other electronic technologies.
Encouragingly, the mix features very low uranium signatures – to a maximum of only 25ppm uranium oxide – well below Greenland’s mandated 100ppm maximum threshold, which is a key advantage for the export of concentrates.
Broadly, the results confirmed a large-scale, multi-element critical minerals system hosted in alkaline geology, with consistent mineralisation in monazite and allanite assemblages.
As it gears up for the 2026 field season, Dalaroo says it plans to integrate all available datasets into desktop studies and potentially roll out geophysics.
The company also intends to conduct staged auger and sonic drilling, deploy ground-penetrating radar to map sediment cover and progress mineralogical and metallurgical investigations.
With Greg Barnes aboard and an American listing in sight, Dalaroo is already well positioned to accelerate exploration at Blue Lagoon and capture the rising global interest in Greenland’s critical minerals potential.
This year’s exploration is likely to shine a much brighter light on that potential.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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