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European Resources Limited (ASX:ERE)

ALERT: Price-sensitive ASX Announcement for ERE
Current share price for ERE : $0.012 -0.003 (-20%)+
Announcement
Release
22 Jul 2026 9:05AM
Price at Release
$0.015
Full Release
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Summary
European Resources Limited announced significant findings from an orientation ionic-leach soil geochemistry survey at its Korsnäs rare earth element (REE) project in Finland. The survey detected a strong geochemical response aligned with previously identified passive seismic anomalies, highlighting a standout heavy rare earth element (HREE) zone and a new undrilled eastern anomaly. The survey results suggest that ionic-leach soil geochemistry is an effective tool for identifying concealed REE targets beneath glacial till. The company plans further exploration through closer-spaced sampling and expanded coverage to prioritize drilling targets. This project is part of European Resources' efforts to support the EU's rare earth supply.
Key Points
  • Orientation soil survey at Korsnäs REE Project in Finland showed strong rare earth geochemical response.
  • New undrilled eastern anomaly identified with highest combined rare earth response on survey line.
  • Ionic-leach soil geochemistry effective for detecting rare earth targets beneath glacial till.
  • Strongest heavy rare earth element response observed over KR-316 corridor.
  • European Resources plans follow-up sampling and geochemical coverage expansion.
  • Korsnäs project supports EU rare earths supply.
  • Survey aligns with passive seismic and previous drilling data.
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.