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European Resources Limited (ASX:ERE)

ALERT: Price-sensitive ASX Announcement for ERE
Current share price for ERE : $0.018 0.006 (50%)+
Announcement
Release
8 Jul 2026 9:37AM
Price at Release
$0.012
Full Release
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Summary
European Resources Limited has announced successful metallurgical test results conducted by ANSTO on historical lanthanide concentrate from the Korsnäs rare earth elements project in Finland. The direct acid-bake/water-leach testing achieved high extraction rates for key magnet rare earths, notably 88% for praseodymium and 83% for neodymium, with a total magnet rare earth extraction of 83%. The total rare earths plus yttrium extraction was 86%. These results build on previous work and indicate that monazite-hosted rare earths respond well to conventional acid bake processing. The work suggests a combined pre-leach and acid-bake approach may optimize extraction, especially for apatite-hosted heavy rare earths, which showed lower extraction rates. ANSTO's testing improves confidence in the proposed downstream processing flowsheet and outlines further steps for process optimization.
Key Points
  • ANSTO achieved 83% extraction of magnet rare earths from Korsnäs concentrate.
  • Praseodymium and neodymium were extracted at 88% and 83%, respectively.
  • Total TREY extraction was 86%.
  • Results suggest monazite-hosted rare earths are amenable to acid bake processing.
  • Lower extractions for apatite-hosted heavy rare earths, requiring process optimization.
  • ANSTO work improves confidence in downstream processing flowsheet.
  • Next steps include optimizing pre-leach conditions and process integration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.