European Resources lifts Korsnäs magnet rare earth extraction to 92% via calcite pre-treatment, with dysprosium and terbium recoveries jumping sharply in
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European Resources
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About European Resources
European Resources Ltd (ASX:ERE), formerly Prospech Limited, is a Sydney-based mineral exploration company repositioning as a European-focused supplier of rare earth elements critical to the energy transition. Its flagship asset is the 100%-owned Korsnas rare earths project in western Finland, where the company has lifted the inferred mineral resource estimate to 15.4 million tonnes at 1.00% total rare earth oxides (TREO), more than doubling its maiden 2024 estimate. The deposit carries a strategically important neodymium-praseodymium (NdPr) component, with NdPr enrichment near 22.7% and average grades around 1,754 ppm Nd2O3 and 514 ppm Pr6O11. European Resources has expanded its exploration target to between 18 and 32 million tonnes at 0.8%-1.0% TREO. The project positions the company within Europe’s strategy to build domestic rare earth supply in a stable Finnish jurisdiction and reduce reliance on Chinese refining and magnet production.
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Recent Articles
Finland's Korsnäs project shows technical gains with 83% magnet rare earth extraction, but remains speculative with key metallurgical and commercial
European Resources' Finnish Korsnäs rare earth project shows promising geology and metallurgy, but investors must weigh speculative upside against
European Resources doubles Korsnäs rare earth project resource to 15.4Mt, advancing Europe's critical magnet metal supply chain independence.
European Resources' Korsnäs rare earth project shows 45-76% TREO upgrades via gravity separation, advancing Finland's strategic REE supply potential.
European Resources' Korsnäs REE Project delivers 1.9% TREO grades with 25-27% NdPr enrichment, advancing Europe's critical minerals independence.
