Dalaroo Metals (ASX:DAL) is +12% higher on Friday morning, to 8.3cps, after the company revealed its plans to kick off fast-tracked exploration at Blue Lagoon, the company’s new critmins project in Greenland.
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Disclaimer: This content has been prepared as part of a partnership with Dalaroo Metals Ltd and is intended for informational purposes only.
The geopol macro, here, needs little introduction – and should it be needed, hit this link; I spoke about Trump’s move to strike a ‘deal’ with Greenland with Market Link editor Isaac McIntyre on the HotCopper Wire yesterday.
Long story short, there’s strong optimism from most trading market participants right now that the U.S. government could end up deeply intertwined with Greenland’s mining sector and, possibly, prepared to support Australian explorers in the region with American taxpayer-backed cash injections.
At any rate, all that aside, Dalaroo’s mission for its CY26 campaign at Blue Lagoon is more familiar, perhaps, to everyday ASX traders and market-watchers: The company’s one goal is to now get to drilling as quickly as possible.
“Dalaroo’s upcoming 2026 field season is designed to rapidly advance the Project through targeted geophysics, systematic geochemical follow-up and drilling, with the clear objective of defining coherent mineralised zones and identifying priority areas for accelerated advancement,” Dalaroo wrote Friday.
At Blue Lagoon, the Australian company just recently came back with surface samples indicating critical minerals hafnium, rare earths and heavy rare earths, which, based on early-stage geochem data, appear to coincide with very low levels of thorium. On the way to drilling: Dalaroo is to slog through electromagnetics, auger drilling, on-site XRF, and early-stage metallurgical sampling.
DAL last traded at 8.3cps.
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