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An announcement from Prospech Ltd. ( (AU:ERE) ) is now available.
European Resources has refocused its Korsnäs project strategy on direct hydrometallurgical processing of its existing lanthanide concentrate stockpile, after test work showed further flotation upgrades would not be economically worthwhile. The company has engaged ANSTO Minerals to run a Stage 1 pre-leach and acid bake/leach program to define optimal rare earth extraction conditions and guide flowsheet selection, while a diamond drilling campaign at Korsnäs—half complete by year-end—is targeting mineralisation extensions and generating fresh metallurgical material ahead of a planned resource estimate update. Complementing this, a passive seismic (HVSR) orientation survey has validated the method as a low-impact targeting tool and identified a new covered zone for follow-up, the Jokikangas project area has been expanded for early-stage, low-impact target refinement, and a 3-tonne bulk tailings sample is being supplied to the University of Oulu’s REMHub pilot program, collectively strengthening the company’s technical base and potential future production options in a tightening global rare earth market.
The most recent analyst rating on (AU:ERE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Prospech Ltd. stock, see the AU:ERE Stock Forecast page.
More about Prospech Ltd.
European Resources Limited (ASX: ERE; FSE: 1P80) is an Australian-listed exploration and development company focused on rare earth elements in Finland, with its flagship Korsnäs REE Project and an expanding footprint at Jokikangas. The company’s activities centre on advancing metallurgical processing routes, resource definition and low-impact exploration to position itself within the emerging Western rare earths supply chain amid heightened strategic interest following China’s export restrictions.
Average Trading Volume: 554,387
Technical Sentiment Signal: Hold
Current Market Cap: A$7.33M
See more data about ERE stock on TipRanks’ Stock Analysis page.