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An announcement from Prospech Ltd. ( (AU:PRS) ) is now available.
Prospech Ltd. has advanced its metallurgical program for the Korsnäs rare earth project by completing a flotation screening program and engaging ANSTO Minerals for a pre-leach and acid bake program. The flotation program achieved a 10% increase in REE grades and a 50% increase in phosphate grades, but further optimization was deemed inefficient. The focus has shifted to direct hydrometallurgical processing of the original concentrate, which aligns with the company’s strategy to efficiently extract REEs. This move positions Prospech to potentially capitalize on the growing demand for rare earths in Europe, especially given the geopolitical emphasis on securing domestic supply chains.
More about Prospech Ltd.
Prospech Ltd. is involved in the rare earth elements (REE) industry, focusing on the Korsnäs project in western Finland. The company is working on metallurgical test work to enhance the extraction and processing of REEs, which are crucial for various advanced manufacturing and defense applications.
Average Trading Volume: 804,636
Technical Sentiment Signal: Sell
Current Market Cap: A$7.85M
See more insights into PRS stock on TipRanks’ Stock Analysis page.