Prospech Limited reported the completion of drilling at the historical Korsnäs Tailings Storage Facility. As part of the program, the company drilled 64 holes to an average depth of 9m. Samples of 57 holes have subsequently been dispatched for assaying, while seven drill holes have been retained for future metallurgical test work. The company hopes to compile the data into a mineral resource estimate for the tailings facility, potentially providing an early cashflow generating opportunity.
Notably, the company announced additional plans to sample stockpiles of REE concentrates that were produced during the last years of operation but have never been sold.
View over the Korsnäs Tailings Storage Facility (Source: www.prospech.com.au)
