Prospech Limited (ASX: $PRS) assay results announcement

Prospech Limited (ASX: $PRS) has announced the receipt of spectacular assay results from 1,020 samples collected across 49 historic Korsnäs drill holes in southwest Finland. The significant high-grade Total Rare Earth Oxides (TREO) intersections extend the known structures at depth and along strike. The company is delighted to report these findings, which contribute to a total of 1,896 assays reported from 120 drill holes to date. Prospech is preparing for metallurgical test work, with further assay results pending.

Executive commentary on the assay results

John Levings, Executive Director of Prospech, stated, 'The reported results further validate the presence of multiple high-grade REE mineralisation targets at Korsnäs. Achieving record-high assays of the critical magnet REEs Neodymium and Praseodymium is exceptionally promising to the project's economics. While the sampling of historical core samples is largely completed, we are still awaiting a substantial number of assay results. We also advise that all of the Tailings Storage Facility drill samples have been delivered to the laboratory for assaying and an additional GTK core sampling program will commence in mid-April.'

Summary of Prospech's assay results and outlook

Prospech Limited (ASX: $PRS) has unveiled significant high-grade Total Rare Earth Oxides (TREO) intersections from historic Korsnäs drill holes, extending known structures at depth and along strike. The company's focus on rare earth element (REE) exploration in Europe positions it to be a major player in the European market, aligning with the growing demand for locally sourced rare earths. The exceptional assay results, particularly the record-high assays of critical magnet REEs Neodymium and Praseodymium, bode well for the project's economics. Prospech is eagerly anticipating the pending assay results and is preparing for metallurgical test work, demonstrating its commitment to further exploration and development in the region.