Dalaroo Metals (ASX:DAL) has expanded its Blue Lagoon Critical Minerals Project in southwest Greenland with two additional exploration licences.
New licences, M-516 and M-517, extend over a total area of 242.77km2, bringing Dalaroo’s landholding in Greenland to 259.77km2.
The company intends to conduct geological mapping over the new licence area.
Dalaro will also conduct auger drilling within coastal and lagoonal sediment systems, ground penetrating radar surveys, bathymetric surveying, and either diamond or percussion coring of granitic and dyke lithologies to assess potential rare earth element source rocks.
CEO John Morgan says the project expansion is an “important step in building scale within one of the world’s more prospective regions for critical minerals”.
“The additional licences significantly increase Dalaroo’s landholding across a geological setting considered prospective for rare earth elements and associated minerals, strengthening the company’s position in Greenland,” Morgan says.
“This expanded footprint provides a strong platform to advance exploration and systematically evaluate the potential of both intrusive and sedimentary mineral systems.”
Located in the Gardar Alkaline Province in Greenland, the Blue Lagoon Project is wholly owned by Dalaroo and is prospective for rare earth elements. Dalaroo acquired the project in January 2026.
As reported by Mining.com.au, the company began trading on the US-based OTCQB market yesterday, using the ticker code ‘DALMF’.
Dalaroo Metals is focused on building a diversified exploration portfolio for gold and critical minerals across Western Australia, Côte d’Ivoire, and Greenland.
Write to Maddison Elliott at Mining.com.au
Images: Dalaroo Metals
