European Resources LimitedASX: ERE

ANSTO Further Advances Korsnas REE Processing

· Issued by European Resources Limited

Filed with ASX · · 10 pages · English

Summary by 6ix AI

European Resources Limited has filed an update regarding the progress of downstream metallurgical test work conducted by ANSTO on historical concentrate stockpile material from its Korsnäs rare earth elements project in Finland. The report highlights significant improvements in understanding the mineralogy of the concentrate, confirming that most rare earth value is associated with monazite and apatite, while allanite contributes minimally to key magnet rare earths. The next phase of work will focus on optimizing extraction processes to maximize recovery of rare earth elements from the identified mineral components. The Managing Director emphasized that this progress marks a shift towards a clearer technical direction for the project, enhancing investor confidence in its potential.

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