Dalaroo Metals has completed its strategic acquisition of the Blue Lagoon critical minerals project in Greenland and is advancing gold exploration in Côte d’Ivoire, supported by new executive appointments and promising assay results.
- Completed Blue Lagoon acquisition expands critical minerals footprint
- Advanced due diligence and exploration planning in Côte d’Ivoire gold projects
- Promising rare earth element assay results from Greenland field program
- Strengthened leadership with new CEO, Non-executive Director, and Company Secretary
- Quarterly cash balance of AUD 1.56 million with no debt
Strategic Expansion into Critical Minerals and Gold
Dalaroo Metals Ltd (ASX – DAL) has marked a significant step forward in its growth strategy by completing the acquisition of the Blue Lagoon Project in southern Greenland. This move positions the company firmly within the critical minerals sector, targeting rare earth elements, zirconium, and niobium, commodities essential for the global energy transition.
Simultaneously, Dalaroo is advancing its gold exploration footprint in West Africa through the acquisition of four gold projects in Côte d’Ivoire. These projects, covering approximately 1,368 square kilometres, are located within the prolific Birimian Greenstone Belt, a region renowned for its gold endowment.
Promising Early Exploration Results in Greenland
The maiden exploration program at Blue Lagoon has yielded encouraging assay results, confirming significant rare earth element (REE) and critical mineral anomalism. Notably, total rare earth oxide values reached up to 0.81%, with exceptional grades of zirconium oxide exceeding 4%. These surface-level findings suggest a potential placer-style REE deposit, which could be developed through relatively low-cost physical separation methods.
Importantly, the project benefits from low uranium and thorium levels, reducing regulatory hurdles and enhancing its development prospects. The technical team is preparing for a comprehensive 2026 exploration season, including ground penetrating radar surveys, auger drilling, and expanded geochemical sampling to refine target areas.
Advancing Gold Exploration in Côte d’Ivoire
In Côte d’Ivoire, Dalaroo’s in-country geology team has been busy completing due diligence and technical evaluations across the newly acquired permits. Exploration planning is underway, with field activities anticipated to commence in 2026, pending regulatory approvals. The company has also strengthened its local presence by appointing Frank Twum-Berima Bosompem as exploration manager, expanding the geology team to six members.
This strategic expansion into West Africa complements Dalaroo’s critical minerals focus, diversifying its portfolio and positioning the company to capitalise on multiple commodity markets.
Leadership and Financial Position
Dalaroo has bolstered its leadership team with the appointment of John Morgan as CEO, bringing extensive expertise in mineral exploration and project development. Additionally, Tim Wither joined as a Non-executive Director, and Jay Stephenson was appointed Company Secretary, enhancing governance and operational oversight.
Financially, the company reported a cash balance of approximately AUD 1.56 million at the end of December 2025, with no debt. Quarterly expenditure of AUD 840,000 was primarily directed towards exploration activities and corporate costs, reflecting an active investment in advancing its projects.
Looking ahead, Dalaroo is poised to continue its exploration momentum, with planned field programs in Greenland and Côte d’Ivoire set to provide further insights into the potential of its assets.
Bottom Line?
Dalaroo’s dual focus on critical minerals and gold, underpinned by strong leadership and solid finances, sets the stage for a pivotal 2026 exploration year.
Questions in the middle?
- How will upcoming 2026 exploration results impact Dalaroo’s resource estimates and project valuations?
- What are the regulatory timelines and risks associated with Côte d’Ivoire field activities?
- Will Dalaroo pursue additional capital raising to support its expanded exploration programs?