Hey Sydney and Plim, PSC has a stake in a rare earth play in neighbouring Zambia, not too far from Step Aside.
From the Market Herald article;
Kesya Rare Earths Project
That brings us to Zambia – home to Prospect’s REE project called Kesya. In May 2023, Prospect entered into an option agreement with Antler Gold which allows Prospect to progressively acquire a 51 per cent interest in the project. If results are promising, that could be beefed up further to 85 per cent. Kesya is a highly prospective, intrusive carbonatite complex within a licence area of 1,053 hectares.
Located near the town of Kafue in southern Zambia, the project area is approximately 90km south of Zambia’s modern capital city, Lusaka.The rare earth element (REE) mineralisation defined at Kesya is contained within the minerals monazite and bastnaesite and is strongly enriched in the valuable elements neodymium and praseodymium (NdPr).Neodymium and praseodymium are also high-value tech metals valued for their magnetic qualities – often carrying a premium at market. Those two high-value metals average 29 per cent of the basket of rare earth oxides on-site from rock chips taken to date.
“High-value rare earth mineral resources are globally recognised as critical inputs into alloys for the manufacture of strong permanent magnets used in powerful motors,” CEO Sam Hosack said.Results from the rock chip surface sampling returned consistent and highly anomalous rare earth values up to 0.66% total rare earth oxide content, along with low levels of uranium and thorium.Low thorium levels are highly desirable, given radioactivity of the ore can complicate some shipping procedures.
Kesya offers outstanding prospectivity to deliver a significant new discovery for Prospect, expanding the battery minerals focus and footprint in Sub-Saharan Africa.
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