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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
17 Dec 2025 8:55AM
Price at Release
$0.014
Full Release
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Summary
Prospech Limited announced the engagement of ANSTO Minerals to perform pre-leach and acid bake test work on the Korsnäs Lanthanide Concentrate Stockpile (LnCS) in Finland. The test work program follows the completion of a flotation screening program by CORE Resources, which indicated that further flotation optimization would not be efficient. Instead, the focus will be on hydrometallurgical processing. ANSTO will conduct detailed elemental and mineralogical characterizations, a series of diagnostic pre-leach tests, and acid bake/water leach tests to determine the best processing flowsheet for rare earth element extraction. This initiative is part of Prospech's strategy to unlock value from the historical concentrate stockpile and potentially future mining operations, aligning with the European Union's focus on developing domestic rare earth supply.
Key Points
  • Flotation program on Korsnäs LnCS completed by CORE Resources.
  • Decision to focus on hydrometallurgical processing due to limited flotation gains.
  • ANSTO engaged for pre-leach and acid bake test program.
  • Program designed to optimize REE extraction from historical concentrate.
  • Prospech aims to enhance shareholder value through the Korsnäs project.
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.