Prospech Limited (ASX: $PRS) Quarterly Activities Report

Prospech Limited (ASX: $PRS) has released its March 2024 Quarterly Activities Report, showcasing significant progress in its Finland rare earth elements (REE) projects. The company completed drill sampling at the Korsnäs historical Tailings Storage Facility (TSF) and reported exceptional assay results, indicating high-grade REE mineralisation. The findings contribute to the preparation of a JORC compliant resource estimate, reinforcing the company's position in the REE market.

Executive Commentary

The assay results from the Korsnäs project are exceptionally promising, demonstrating the presence of multiple high-grade REE mineralisation targets. The findings extend the known mineralisation below the historic Korsnäs mine and to the northwest, validating the potential of the mine structure in both dip and strike dimensions. The completion of drill sampling and the pending assay results position Prospech to further solidify its foothold in the REE market, with the potential for significant economic impact.

Summary

Prospech Limited's completion of drill sampling at the Korsnäs REE project in Finland has unveiled high-grade rare earth elements, showcasing the company's progress and potential in the REE market. The assay results contribute to the preparation of a JORC compliant resource estimate, indicating the presence of multiple high-grade REE mineralisation targets. Prospech's expansion of the Korsnäs project to cover Granskog REE and Petolahti Cu-Ni prospects further underscores its commitment to exploring and capitalizing on the rich mineral resources in Finland. The pending assay results and ongoing activities position Prospech for continued growth and advancement in the REE sector.