European Green Transition PLC (AIM:EGT) CEO Aiden Lavelle joined Proactive's Stephen Gunnion with promising preliminary metallurgical results from the Olserum Rare Earths project in Sweden.
The results reveal that the mineralisation shows Olserum can produce a concentrate with recoveries between 80 and 90%. He highlighted that the grades are between 10 and 12% total rare earth oxide in the first pass flotation, which can be upgraded to up to 40% total rare earth oxide using high-intensity magnetic separation.
Lavelle explained that these results came from a larger sample of 135kg sent to GTK in Finland, which included six broad intervals of mineralisation from the historic Olserum deposit. The experts at GTK conducted 20 bench flotation studies to optimise the recovery process, proving that common practices in base metal mines can effectively be applied to produce a concentrate from Olserum.
Looking ahead, Lavelle confirmed that EGT plans to begin drilling in the current quarter, with the team preparing to mobilise to the site soon.
