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Prospech Ltd. ( (AU:ERE) ) has shared an update.
European Resources has reported strong early metallurgical results from the EU-funded REMHub program at its Korsnäs rare earths project in Finland, with GTK-Mintec demonstrating that wet high gradient magnetic separation can significantly upgrade both higher-grade allanite and lower-grade apatite-monazite mineralisation while maintaining robust rare earth recoveries and avoiding de-sliming under test conditions. The company is now advancing flotation work on these magnetic concentrates and parallel hydrometallurgical test work by ANSTO on historical lanthanide concentrate stockpiles, marking a shift from screening tests toward a practical end-to-end flowsheet that could materially improve the economic potential and development pathway of the Korsnäs project for investors and other stakeholders.
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 is an ASX- and Frankfurt-listed company focused on advancing the Korsnäs rare earths project in western Finland. The company is progressing a coordinated metallurgical program that spans upstream beneficiation and downstream hydrometallurgical processing, leveraging EU-funded REMHub work by GTK-Mintec and leach studies by ANSTO to define an integrated process route.
Average Trading Volume: 3,663,887
Technical Sentiment Signal: Hold
Current Market Cap: A$13.46M
Find detailed analytics on ERE stock on TipRanks’ Stock Analysis page.