Prospech Limited announces assay results from Korsnäs project

Prospech Limited (ASX:PRS) has released the assay results from the auger drilling of the Lanthanide concentrate stockpile, showcasing an average Total Rare Earth Oxides (TREO) grade of 25,541 ppm (2.55%) and a significant 31% enrichment in Neodymium-Praseodymium Oxide (NdPrO) of 7,869 ppm (0.79%). These results, combined with the REMHub EU grant, emphasize the strategic importance of the Kornäs Rare Earth Elements (REE) project in the European Union.

Jason Beckton, Managing Director of Prospech, comments on the assay results

These high-grade TREO assay results from the Lanthanide concentrate stockpile, along with the Tailings Storage Facility (TSF) assay results and the Company's selection for the REMHub EU grant project, continue to validate the potential of the Korsnäs project. The Lanthanide concentrate stockpile and the TSF present opportunities for a starter project, while the upcoming diamond core drilling offers the potential to extend the known mineralisation and validate historic results. Our objective is to produce a significantly higher grade REE mineral concentrate using advanced techniques, aiming to capitalize on the project's potential.

Summary of Prospech's Korsnäs project assay results

Prospech Limited's assay results from the Lanthanide concentrate stockpile at the Korsnäs project demonstrate promising high-grade TREO and NdPrO enrichment, underlining the project's strategic importance in the EU. The Company aims to capitalize on the low-hanging fruit presented by the stockpile and TSF, while also focusing on advanced techniques to achieve a significantly higher grade REE mineral concentrate. The upcoming diamond core drilling is expected to further validate the project's potential and extend the known mineralisation, positioning Prospech to make significant strides in the REE market.