10.4 C
Belgrade
22/11/2024
Mining News

European Green Transition PLC unveils high-grade rare earth discoveries in Southern Sweden

European Green Transition PLC has reported significant findings of high-grade rare earth samples from multiple locations at Olserum in south Sweden. Samples from the Djupedal prospect displayed TREO (Total Rare Earth Oxides) concentrations of 4.79%, 5.8%, and 11.77%, with one sample exhibiting even higher levels under X-ray analysis, indicating continuity of mineralization.

Additionally, six rock chip samples from the newly identified Stora Lockerum structure, situated 900m south of Djupedal, showed TREO concentrations of up to 3.88% with an average of 1.73%. Meanwhile, samples from the nearby Bersummen area ranged between 0.9% and 2.51% TREO, defining a potential new mineralized trend northwest, with samples up to 290m apart.

Supported by

A low-cost drill program is planned for the latter half of 2024 to delineate a district-scale system and explore further project potential. Aiden Lavelle, CEO, expressed optimism about expanding the Olserum REE Project into a district-scale system and attracting a partner for future development and commercialization.

Related posts

Europe’s challenge in competing for Africa’s critical minerals amid global rivalry

David Lazarevic

Glencore trials new leaching technology to boost copper extraction at Chilean mine

David Lazarevic

BHP faces labor protests amid $12B expansion plan for Chile copper mines

David Lazarevic
error: Content is protected !!