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Prospech Limited (ASX:PRS)

ALERT: Price-sensitive ASX Announcement for PRS
Current share price for PRS : $0.013 -0.001 (-7.14%)+
Announcement
Release
5 Dec 2025 9:16AM
Price at Release
$0.014
Full Release
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Summary
Prospech Limited announced the commencement of a 1,600-metre diamond drilling program at the Korsnäs rare earth element (REE) project in Finland. This initiative, forming Phase 2 of the exploration, is aimed at confirming the continuity and scale of high-grade REE zones, obtaining additional material for metallurgical testing, and improving geological control over HREE-enriched zones. The preliminary results from a recent passive seismic survey, which correlate with historical gravity lows, suggest potential for additional mineralised zones. The drilling data will contribute to an updated JORC Mineral Resource Estimate planned for 2026. The survey has also identified a new untested zone for future assessment. Prospech's Managing Director, Jason Beckton, highlighted the significance of this program in advancing the project towards meaningful resource updates, leveraging geophysical tools and metallurgical insights.
Key Points
  • Prospech Limited commenced a 1,600-metre diamond drilling program at Korsnäs.
  • The program aims to confirm and expand high-grade REE zones and gather metallurgical material.
  • Preliminary seismic survey results suggest additional potential mineralised zones.
  • Drilling data will be used for an updated JORC Mineral Resource Estimate in 2026.
  • The seismic survey identified a new, untested zone for future exploration.
  • Prospech focuses on enhancing geological and metallurgical insights at Korsnäs.
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.