Prospech's quarterly exploration achievements

Prospech Limited (ASX: PRS) has released its quarterly report for the period ending September 30, 2024. The company made significant strides in its exploration activities at key projects in Finland and Slovakia. Notably, the Korsnäs rare earth element (REE) project in Finland showed promising results with high-grade mineralization across all drilled holes.

Comprehensive summary of exploration and corporate developments

Prospech Limited reported substantial progress in its exploration efforts for the quarter ended September 30, 2024, particularly at the Korsnäs project in Finland. The drilling program revealed significant REE mineralization, with standout results from hole KR-309. The project also benefited from European Union funding, supporting further exploration and testing. In Slovakia, Prospech worked on multiple projects, securing licenses and permits for future drilling. Financially, the company raised funds through an entitlement offer to ensure ongoing project development. Prospech remains focused on advancing its strategic projects with the support of partners and funding initiatives.

Executive insights on exploration progress

The completion of the first modern diamond drilling program at Korsnäs has provided us with spectacular results, confirming high-grade REE mineralization. We are excited about the potential of this project and grateful for the support from the European Union funding to further our exploration and metallurgical testing.