Prospech Restricted (ASX: PRS, Prospech or the Firm) is happy to announce additional assay outcomes from the continued program of sampling and assaying of the historic Korsnäs drill core from holes accomplished within the Nineteen Fifties, 60s and early 70s.
A complete of 307 samples from 25 holes are reported.
- Additional spectacular assay outcomes acquired from 307 samples, 25 historic drill holes
- Assays embrace heavy REEs (Terbium (Tb) and Dysprosium (Dy)) outcomes as much as 86 ppm and 313.4 ppm respectively
- Quite a few excessive grade and broad REE intersections are reported, comparable to:
- KR-272: 11.4m @ 13,383 ppm TREO1 from 102.7 (NdPrO2 3,982 ppm)
Including4.0m @ 32,831 ppm TREO from 106.7m
(40.9 ppm Tb4O7; 227.4 ppm Dy2O3; 9,943 ppm NdPrO) - SO-187: 17.4m @ 9,798 ppm TREO from 0.0m (NdPrO 3,087 ppm)
Including3.0m @ 48,465 ppm TREO from 11.4m
(86.0 ppm Tb4O7; 313.4 ppm Dy2O3; 15,557 ppm NdPrO)
- KR-272: 11.4m @ 13,383 ppm TREO1 from 102.7 (NdPrO2 3,982 ppm)
- The tables of REE Mineralised Zones >1,000 ppm TREO (within the announcement under) element many extra outcomes worthy of consideration
Prospech Managing Director, Jason Beckon, commented:
“Korsnäs retains delivering standout outcomes, with current recognition of excessive grade zones wealthy in vital Heavy Uncommon Earth Parts (HREEs) like dysprosium (Dy) and terbium (Tb).
Whereas Korsnäs is primarily a carbonatite-associated deposit recognized for beneficial magnet REEs comparable to neodymium (Nd) and praseodymium (Pr), the presence of great Dy and Tb mineralisation is a serious benefit. These heavy REEs are essential for producing excessive energy magnets which maintain up underneath excessive temperatures and carry out reliably in demanding purposes like electrical automobiles, wind generators and high-efficiency motors.
With present provide disruptions in China, securing a secure supply of those supplies is extra vital than ever. Prospech is trying to meet this want, positioning itself as a reliable future provider of magnet vital HREEs. Our dedication to totally assessing these enriched zones at Korsnäs displays our confidence within the mission’s potential and our willpower to assist the rising world demand for sustainable power applied sciences. By growing Korsnäs as a safe provide supply, we’re not simply assembly fast business wants; we’re enjoying a key position in strengthening the resilience of worldwide uncommon earth provide chains for the long run.”
Initially developed as a lead mine, the Korsnäs mission additionally hosts in depth uncommon earth component (REE) zones, which stay open each alongside strike and at depth. The positioning encompasses a collection of layered carbonatite zones, every as much as 20 metres thick and separated by 50 to 100 metres alongside the strike. These REE enriched zones correlate with gravity anomalies, represented as orange ellipses on the included plan. Thus far, 5 such anomalies have been recognized, extending over a strike size of greater than 5 kilometres.
Specializing in REE mineralisation, the Firm has performed a complete REE sampling program on the historic Korsnäs core saved by GTK at their information facility. Assay outcomes have been reported in ASX bulletins on 11 Could 2023, 14 June 2023, 5 September 2023, 24 October 2023, 21 November 2023, 12 December 2023, 16 January 2024, 5 February 2024, 26 March 2024, 4 July 2024 and 4 November 2024.
Map displaying the places of drilling at Korsnäs. Newly reported holes are marked with purple circles, beforehand reported holes with further new assays are represented by blue triangles. Gravity-low anomalies are indicated by orange ellipses.
Introduced under are two tables of assay intersections from the most recent batch. The primary desk lists intersections from newly assayed holes that haven’t been reported earlier than. The second desk (in two elements) consists of intersections from beforehand reported holes, now up to date with further assays from the margins of mineralised zones.
Click on right here for the total ASX Launch
This text consists of content material from Prospech Restricted, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your accountability to carry out correct due diligence earlier than appearing upon any data supplied right here. Please confer with our full disclaimer right here.
