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Prospech Ltd. ( (AU:PRS) ) just unveiled an update.
Prospech Ltd. has announced a significant update to its Korsnäs project, reporting a 90% increase in the JORC Code 2012 Inferred Mineral Resource Estimate at a lower cut-off grade of 0.5% TREO, amounting to 13.5 million tonnes at 1.02% TREO. The company also identified an Exploration Target of 9 to 11 million tonnes at 0.9% to 1.1% TREO, although further exploration is required to confirm these resources. This development underscores the potential of the Korsnäs project, supported by extensive historical and modern geological data, which could enhance Prospech Ltd.’s standing in the rare earth elements market.
More about Prospech Ltd.
YTD Price Performance: -3.45%
Average Trading Volume: 496,549
Technical Sentiment Signal: Hold
Current Market Cap: A$9.21M
Find detailed analytics on PRS stock on TipRanks’ Stock Analysis page.