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Prospech Ltd.
PRS.AU
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Prospech Ltd. Advances Korsnäs Rare Earth Project with New Metallurgical Program

Prospech Ltd. has advanced its metallurgical program for the Korsnäs rare earth project by completing a flotation screening program and engaging ANSTO Minerals for further processing. The flotation program increased REE and phosphate grades, but further optimization was inefficient. The focus is now on direct hydrometallurgical processing, aligning with the company's strategy to efficiently extract REEs, positioning them to capitalize on Europe's demand for rare earths.

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Prospech Ltd. Advances Korsnäs REE Project with New Drilling Program

Prospech Ltd. has announced the commencement of a 1,600-metre diamond drilling program at its Korsnäs REE project in Finland. The program aims to confirm the continuity and scale of high-grade rare earth zones, gather material for metallurgical testwork, and update the JORC Mineral Resource Estimate. Preliminary seismic survey results have identified potential new mineralized zones, enhancing the project's prospects.

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Prospech Ltd. Reports 90% Increase in Korsnäs REE Resource

Prospech Ltd. has reported a 90% increase in the Inferred Mineral Resource Estimate for its Korsnäs Rare Earth Elements project in Finland, now totaling 13.5 million tonnes at 1.02% TREO. This update, based on recent drilling and historical sampling, enhances the geological model and confirms the project's potential as a major European rare earth resource. The company plans further exploration to expand the resource, impacting the European rare earth supply chain.

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Prospech Ltd. Reports Progress in Rare Earth and Precious Metals Exploration

Prospech Ltd. has reported progress in its rare earth and precious metals exploration in the Korsnäs region. The company announced results from its drilling and metallurgy efforts, indicating potential in exploration targets, but noted that further exploration is necessary to confirm resource estimates. Despite the inherent risks in mineral exploration, Prospech remains committed to its efforts. The company currently has a market cap of A$6.58M and a year-to-date price performance of -33.33%.

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