Prospech Ltd. (AU:PRS) has released an update.
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Prospech Ltd. has announced an initial inferred mineral resource estimate at its Korsnäs project in Finland, revealing a significant presence of rare earth elements. The company has identified 7.1 million tonnes at a 1.08% total rare earth oxide (TREO) concentration and aims to enhance resource quality and quantity through ongoing exploration. This development positions Korsnäs as a promising new rare earth resource in the EU, with potential for economic extraction and expansion.
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