Prospech Limited reported the completion of an auger sampling program at a lanthanide stockpile adjacent to the historic Korsnäs lead mine. Historic records indicate that the stockpile is pre-mined, readily accessible for potential exploitation, and could contain some 50 000t at around 3% lanthanide elements. While the company’s main efforts are focused on delineating a hard rock REE resource, the TSF and the lanthanide concentrate stockpile could provide a cost-efficient starting project. A drill program to test at least six known zones of hard-rock REE mineralization is scheduled to commence in July-August 2024.
The company further reported new assay results from resampling of historic core, returning locally high-grade REE intercepts.
Sampling of the lanthanide stockpile (Source: www.prospech.com.au)
