29 October 2024
European Green Transition
plc
("European Green Transition",
"EGT" or "the Company")
Initial Olserum Drilling
Results
Positive initial results
at Olserum REE project
European Green Transition (AIM:
EGT), a company developing green economy assets in Europe, is
pleased to report positive results of the first four drill holes
from its drill programme at the Olserum Rare Earth Element ("REE")
project in Sweden ("Project").
Highlights
·
Significant REE mineralisation confirmed within a
shear zone structure at Djupedal validating the structural model
and district scale potential of the Olserum REE Project.
·
Results represent a major milestone in EGT's
strategy to monetise the Project through sale or partnership as EGT
continues to direct its focus towards revenue generating
opportunities.
·
Hole OLS24-01 intersected 1.5m grading 3.48% Total Rare Earth Oxides (TREO) (32% Heavy
Rare Earth Oxides (HREO)) including 0.5m grading 7.7% TREO within
the target structure.
·
Hole OLS24-02 intersected 7.25m grading 0.72% TREO (25% HREO) including 2.0m grading
1.18% TREO across the same structure.
·
Hole OLS24-03 intersected 1.6m grading 1.45% TREO (28% HREO) including 0.7m grading 2.3%
TREO.
·
Remainder of results expected in Q4-2024 subject
to laboratory turnaround times.
Aiden Lavelle, Chief Executive Officer of European Green
Transition, said:
"The objective of our drill
programme at the Olserum REE project was to derisk the Project and
support the monetisation of the Project in the near future.
The initial results provide strong validation of the
Project's district scale REE potential. We look forward to
receiving the remainder of the results later this year, which will
be crucial as we look to realise value through a sale or
partnership of the Project, enabling EGT to direct its
focus towards revenue generating opportunities in the green energy
transition."
Summary of Drill Results
EGT has received assay results for
the first four diamond drill holes drilled as part of a 13-hole
scout drill program to test the district scale REE potential at the
Olserum REE project in August 2024. The first four holes were
collared close to small-scale historic iron workings and dumps and
targeted an interpreted REE-mineralised structure beneath the
workings. EGT had previously sampled high-grade and coarse
REE-phosphate (monazite and xenotime) mineralisation in the surface
dumps with sample results of up to 20.45% TREO.
Figure 1: Olserum drill hole map showing recent EGT drill
holes and holes with results reported here.
Hole OLS24-01 and OLS24-02 were
located at the same drill pad and drilled at -45 and -75 degrees
respectively to target the structure with two intersections beneath
the northern workings. Both holes intersected altered and sheared
granite before intersecting the main target structure which dips 70
degrees to the southwest. Hole OLS24-03 and OLS24-04 were located
at a drill pad 30m east-southeast of the first two holes and
drilled at -43 and -74 degrees respectively to target the same
structure beneath the southerly surface workings.
Hole OLS24-01 intersected
1.5m grading 3.48% TREO from 41.0 to 42.5m including 0.5m
grading 7.7% TREO consistent with the main zone
of visible coarse monazite and xenotime. The HREO grade is 1.5m grading
1.12% HREO representing 32% HREO/TREO. This
intersection occurs within a lower grade broader zone averaging
0.85% TREO over 7.9m. A single sample from a biotite-magnetite
vein with visible monazite crystals at
54.1m had a grade of 1.79% TREO (27% HREO) from 54.0 to
54.5m.
Hole OLS24-02 intersected
7.25m grading 0.72% TREO from 63.6 to 70.85m
including 2.0m grading 1.18% TREO. The HREO grade is 0.18% HREO
representing 25% HREO/TREO. This hole had a wider zone of strong
pervasive biotite-magnetite alteration from 57.2m to 76.06m around
the core of the mineralised zone. Within the centre of this zone is
a vein with visible coarse monazite and xenotime at
67.1m.
Hole OLS24-03 intersected
1.6m grading 1.45% TREO from 32.95m to 34.55m
including 0.7m grading 2.3% TREO. The HREO grade is 0.4% HREO
representing 28% HREO/TREO. The main mineralised structure consists
of a broad alteration zone in sheared biotite-magnetite altered
granite and some stronger zones of biotite and
magnetite from 20cm to 70cm in core at 32.95m, 33.85m and
35.2m.
OLS24-04 intersected diffuse zones
with lower grade including 4.05m grading 0.16% TREO (33%
HREO) from 8.25m to 12.3m, 0.5m grading
0.22% TREO (71.45% HREO) on the main structure from 42.0m to 42.55m
and a separate sample from 62.9m to 63.4m grading 0.52% TREO (43.9%
HREO). Alteration around the main zone was more broad from 31.1m to
42m but lacking a strong or focused vein of high-grade
mineralisation. It is to be expected that there will be some
variability in widths and grades of veins within the mineralised
shear structure and this is a common feature of shear-zone hosted
mineral deposits.
All four holes generally intersected
a broad zone of biotite-altered and sheared granite in the hanging
wall above the structure which included some narrow
biotite-magnetite veins. Beneath the main structure, in the
footwall, the holes intersected weakly altered to unaltered red
Olserum granite consistent with surface
mapping.
In summary, the mineralised
structure where the workings are located is a bounding structure
(on the northeast side) to the strong alteration and shearing at
the 1km-long Djupedal prospect. The first drill results here in the
eastern part of the prospect give proof of concept for shear zone
hosted REE mineralisation which has been tested to
a vertical depth of 65m beneath the workings. Results for the
deeper hole OLS24-05, once received, are expected to increase the
depth extent of mineralisation to >150m on this structure. These
results bode well for confirming a district-scale REE system in the
wider Olserum project area.
To support the Company's ongoing
outreach to potential partners, the results are being reported to
JORC standard with the inclusion of further detailed information in
the JORC tables at the end of this announcement.
Table 1: Coordinates and relevant information for EGT drill
holes at the Olserum REE project.
|
HOLE ID
|
PROSPECT
|
EASTING SWEREF 99TM
|
NORTHING SWEREF 99TM
|
ELEVATION (m)
|
AZIMUTH GYRO
|
DIP
|
TOTAL DEPTH (m)
|
ASSAY RESULTS
|
|
OLS24-01
|
Djupedal
|
578392
|
6425419
|
75
|
54.7
|
-45
|
66.4
|
This RNS
|
|
OLS24-02
|
Djupedal
|
578392.8
|
6425419.8
|
75
|
53.9
|
-75
|
84.1
|
This RNS
|
|
OLS24-03
|
Djupedal
|
578423
|
6425407
|
66
|
53.1
|
-43
|
62.5
|
This RNS
|
|
OLS24-04
|
Djupedal
|
578422.7
|
6425406.7
|
66
|
53.8
|
-74.4
|
71.95
|
This RNS
|
|
OLS24-05
|
Djupedal
|
578261
|
6425317
|
55
|
45
|
-45
|
229.5
|
Pending
|
|
OLS24-06
|
Djupedal
|
578287
|
6425332
|
55
|
224.5
|
-44.6
|
101.8
|
Pending
|
|
OLS24-07
|
Djupedal
|
577843
|
6425501
|
47
|
35.2
|
-45
|
89.55
|
Pending
|
|
OLS24-08
|
Djupedal
|
577821
|
6425486
|
47
|
34.2
|
-44.5
|
111.9
|
Pending
|
|
OLS24-09
|
Djupedal
|
578033
|
6425364
|
50
|
217.8
|
-43.8
|
83.7
|
Pending
|
|
OLS24-10
|
Djupedal
|
578030
|
6425319
|
50
|
39.96
|
-45.1
|
104.4
|
Pending
|
|
OLS24-11
|
Olserum West
|
579730
|
6424040
|
65
|
235
|
-45
|
162.9
|
Pending
|
|
OLS24-12
|
Olserum West
|
579730.8
|
6424040.8
|
65
|
234.58
|
-65
|
222.65
|
Pending
|
|
OLS24-13
|
Olserum West
|
579694
|
6424069
|
43
|
238.66
|
-44.9
|
111.75
|
Pending
|
|
TOTAL
:13
|
1,503.1
|
4/13
|
Table 2: Summary of
intersections from the first four EGT drill holes at the Olserum
REE project (Djupedal Prospect)
|
HOLE ID
|
From (m)
|
To
(m)
|
Interval (m)
|
TREO %
|
PMREO %
|
NdPr Oxides %
|
Dy
ppm
|
Tb
ppm
|
|
OLS24-01
|
41.0
|
42.5
|
1.5
|
3.48
|
0.76
|
0.66
|
816
|
137
|
|
including
|
42.0
|
42.5
|
0.5
|
7.70
|
1.77
|
0.78
|
1,570
|
281
|
|
(within anomalous zone*)
|
37.15
|
45.05
|
7.9
|
0.86
|
0.188
|
0.162
|
194
|
32.8
|
|
OLS24-02
|
63.6
|
70.85
|
7.25
|
0.72
|
0.153
|
0.134
|
135
|
23.6
|
|
including
|
64.85
|
66.85
|
2.0
|
1.18
|
0.26
|
0.23
|
178
|
33.3
|
|
OLS24-03
|
32.95
|
34.55
|
1.6
|
1.45
|
0.38
|
0.33
|
333
|
58.2
|
|
including
|
33.85
|
34.55
|
0.7
|
2.3
|
0.58
|
0.51
|
548
|
66.3
|
|
OLS24-04
|
8.25
|
12.30
|
4.05
|
0.16
|
0.033
|
0.028
|
40
|
26.9
|
|
and
|
62.9
|
63.4
|
0.5
|
0.52
|
0.095
|
0.075
|
148
|
22
|
*includes internal dilution >2m with <0.4%
TREO
Figure 1 Section
showing drillholes OLS24-01 and OLS24-02 beneath the historic
workings at Djupedal. BMR - Biotite-magnetite rock +/-REEs (intense
alteration), BMRW - Biotite-magnetite wall rock
alteration.
Figure 2 Section
showing drillholes OLS24-03 and OLS24-04 beneath the historic
workings at Djupedal. BMR - Biotite-magnetite rock +/-REEs (intense
alteration), BMRW - Biotite-magnetite wallrock
alteration.
Competent Person
All scientific and technical
information in this announcement has been prepared under the
supervision of and reviewed and approved by EurGeol Aiden Lavelle,
M.Sc., P.Geo., EGT's Chief Executive Officer. Mr Lavelle has
sufficient experience relevant to the style of mineralisation and
type of deposit under consideration, and to the activity which he
is undertaking to qualify as a Competent Person in accordance with
the guidance note for Mining, Oil & Gas Companies issued by the
London Stock Exchange in respect of AIM Companies, which outlines
standards of disclosure for mineral projects. Mr Lavelle consents
to the inclusion in this announcement of the matters based on his
information in the form and context in which it
appears.
APPENDIX 1 JORC TABLE 1 - JORC CODE, 2012 EDITION - TABLE
1
Section 1 Sampling Techniques and Data (Criteria in this
section apply to all succeeding sections.)
|
Criteria
|
Explanation
|
Explanation
|
|
Sampling techniques
|
Nature and quality of sampling (e.g. cut channels, random
chips, or specific specialised industry standard measurement tools
appropriate to the minerals under investigation, such as down hole
gamma sondes, or handheld XRF instruments, etc). These examples
should not be taken as limiting the broad meaning of sampling.
• Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any measurement
tools or systems used.
•Aspects of the determination of mineralisation that are Material
to the Public Report. In cases where 'industry standard' work has
been done this would be relatively simple (e.g. 'reverse
circulation drilling was used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for fire assay'). In other
cases more explanation may be required, such as where there is
coarse gold that has inherent sampling problems. Unusual
commodities or mineralisation types (e.g. submarine nodules) may
warrant disclosure of detailed information
|
Samples from the first 4 diamond
drill holes at the Djupedal prospect are reported here. The four
holes totalling 284.95m had 121 samples incl. QAQC samples. 13
holes were drilled by EGT for a total of 1510.2m. Core was NQ2
(50.6mm diameter). All diamond drill core samples analysed were of
half core cut by automated core saw. Approximately 1:30 samples
were 1/4 core duplicates. The remaining half of the core was
returned to the core box as a permanent record of the drill hole
and will be stored at ALS or SGU archive facilities in Mala, north
Sweden. Samples were generally 1m long across mineralised
structures and on occasion where less than 1m to sample narrower
veins. Where low grade or broad alteration was intersected in
wallrock further from veins, samples of up to 2m were cut. Logging
and sampling was carried out according to normal industry
standards. Sampling extended into barren wallrock to close off
mineralisation.
|
|
Drilling techniques
|
Drill type (e.g. core, reverse circulation, open-hole hammer,
rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core
diameter, triple or standard tube, depth of diamond tails,
face-sampling bit or other type, whether core is oriented and if
so, by what method, etc).
|
Diamond drilling retrieved full core
of NQ2 (50.6mm) diameter using standard wireline drilling with a
diamond bit and core barrel. The rig used was a DBC ESD9 MACHINA
owned and operated by Norse Diamond Drilling AS. Core was
orientated where possible and surveying was done with a Veracio
TruGyro, a non-magnetic true north-seeking instrument due to the
magnetic nature of the mineralisation. Downhole surveys
measurements collected between 3 and 20m intervals. Downhole gamma
surveys were conducted on hole OLS24-04 and all subsequent
holes.
|
|
Drill sample recovery
|
• Method of recording and
assessing core and chip sample recoveries and results
assessed.
• Measures
taken to maximise sample recovery and ensure representative nature
of the samples.
•
Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain
of fine/coarse material.
|
Core recovery was excellent (>95%
up to 100%) due to the hard crystalline nature of the rock in all
holes. Only localised minor fracturing and core loss was noted with
late faults which did not usually coincide with mineralised
intersections.
|
|
Logging
|
|
• Whether core and chip samples have
been geologically and geotechnically logged to a level of detail to
support appropriate Mineral Resource estimation, mining studies and
metallurgical studies.
• Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
• The
total length and percentage of the relevant intersections
logged.
|
|
All core was logged for recovery,
RQD, solid core %, lithology and alteration with structural
measurements taken on oriented core where practical and useful. The
logging was followed by markup for sampling and photography of
core, both wet and dry. General coding was used for lithological
logging and was kept simple as the host lithology seldom differs
and it is mainly the degree of alteration and foliation of the
granite that varies due to later cross-cutting mineralised shears.
These exploration holes are not intended to be used as part of a
mineral resource estimate at this stage but data was recorded to
the standard to allow for future use in a resource
estimate.
|
|
Sub-sampling techniques and sample
preparation
|
• If core, whether cut or sawn and
whether quarter, half or all core taken.
• If non-core, whether riffled, tube
sampled, rotary split, etc and whether sampled wet or
dry.
• For all
sample types, the nature, quality and appropriateness of the sample
preparation technique.
• Quality control procedures adopted for all
sub-sampling stages to maximise representivity of
samples.
• Measures
taken to ensure that the sampling is representative of the in-situ
material collected, including for instance results for field
duplicate/second-half sampling.
• Whether sample sizes are appropriate to
the grain size of the material being sampled.
|
All diamond drill core samples were
of half core cut by trained operators using an automated diamond
core saw at the ALS Pitea sample prep facility in North Sweden.
Barcoded ALS tickets were stapled to the box at the start of each
sample and clearly labelled by EGT geologists with cutting
instructions provided. 1:30 samples were 1/4 core duplicates to
test for grade variability.
Sample preparation was ALS method PREP-31BY (Crusher/rotary
splitter combo - Crush to 70% less than 2mm, rotary split off 1kg,
pulverise split to better than 85% passing 75 microns). Analysis
was by ALS method ME-MS81h (fusion ICP-MS/ICP-AES) which is an
appropriate method for ore-grade REEs and resistive minerals.
Sample size is appropriate for the grain size of the mineralisation
at the exploration drilling stage. Some larger diameter core should
be considered for resource drilling.
|
|
Quality of assay data and laboratory tests
|
• The nature, quality and
appropriateness of the assaying and laboratory procedures used
and whether the technique is considered partial or
total.
• For
geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in
determining the analysis including instrument make and model,
reading times, calibrations
factors applied and their derivation,
etc.
• Nature of
quality control procedures adopted (e.g. standards, blanks,
duplicates, external laboratory checks) and whether acceptable
levels of accuracy (i.e. lack of bias) and precision have been
established.
|
The assay technique is considered
near total and has consistently been used for all samples at
Olserum.
Blanks (marble
chips) and CRMs certified for REEs from Geostats Pty in Australia
were submitted every 30th sample in the sample stream. A 1/4 core
duplicate was also submitted for every 30 samples. Results for QAQC
samples are acceptable. Results for ¼ core duplicates pairs show
that there is some variability (>20%) in two of the three
duplicates analysed as part of this batch and this is likely due to
presence of coarse REE phosphate mineralisation.
|
|
Verification of sampling and assaying
|
• The verification of significant
intersections by either independent or alternative company
personnel.
• The use
of twinned holes.
•
Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic)
protocols.
• Discuss
any adjustment to assay data.
|
Mrs Emer Blackwell, PGeo, consultant
GIS and Database manager to the Company has also verified the
intersections reported here.
No twinned holes were used but two holes per drill fence are
reported here to give confidence on continuity of mineralised
structures and confirm the dip of the
structures.
There have
been no adjustments to assays data. Assays less than detection
limit (DL) are set to half the DL for display purposes. Any values
>DL are capped at the DL.
|
|
Location of data points
|
• Accuracy and quality of surveys
used to locate drill holes (collar and down-hole surveys),
trenches, mine workings and other locations used in Mineral
Resource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic control.
|
Drill hole coordinates were recorded
with a Garmin GPS Map 64 and also checked with iPhone and Swedish
MyMap Lidar topography app on smart phone.
Grid system used is the Swedish National grid, SWEREF99TM.
The Company has acquired detailed lidar data for topography control
and checks.
|
|
Data spacing and distribution
|
• Data spacing for reporting of
Exploration Results.
•
Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve estimation procedure(s)
and classifications applied.
• Whether sample compositing has been applied.
|
The scout drill program was not
intended to define a resource. The spacing has shown that
mineralisation is hosted in structures which are expected to extend
beyond the area of drilling based on surface mapping albeit it is
expected that grade will be variable within the structure. Further
results are pending from other drillholes located up to 600m away
from the holes reported here.
Intersections are reported based on length-weighted grades of
mineralised intervals.
|
|
Orientation of data in relation to geological
structure
|
• Whether the orientation of
sampling achieves unbiased sampling of possible structures and the
extent to which this is known, considering the deposit
type.
• If the
relationship between the drilling orientation and the orientation
of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if
material.
|
Assays reported here are from holes
drilled near perpendicular to the mineralised structures and
carried out to normal industry standards.
|
|
Sample security
|
The measures taken to ensure sample
security
|
Core was kept in a locked facility
and securely strapped to pallets for transport direct to ALS Pitea
for cutting and assay.
|
|
Audits or reviews
|
• The results of any audits or
reviews of sampling techniques and data.
|
Not applicable, these are initial
results of a scout drilling program.
|
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this
section.)
|
Criteria
|
Explanation
|
Explanation
|
|
Mineral tenement and land tenure status
|
Type, reference name/number,
location and ownership including agreements or material issues with
third parties such as joint ventures, partnerships, overriding
royalties, native title interests, historical sites, wilderness or
national park and environmental settings.
• The security of the tenure held at the time of reporting along
with any known impediments to obtaining a licence to operate in the
area.
|
All permits relating to the Olserum
project are 100%-owned by European Mineral Exploration AB
(registered in Sweden) which is a 100%-owned subsidiary of European
Green Transition Plc. The workplan and drilling reported here
relates to the Olserum nr 21 permit (Ref 2017:91). The permit
area is 1099.2546Ha and is valid to 08/06/2025 which is the next
renewal date. This drill program and other works completed will
qualify the permit for renewal. The total tenement area including
contiguous permits is 102 sq. km. All permits are under 100%
ownership by EGT and free of royalties.
|
|
Exploration done
by other parties
|
Acknowledgment and appraisal of
exploration by other parties.
|
Minimal fieldwork has been conducted
by other operators in the past and the focus was on the Olserum
resource area 2.3km southwest of Djupedal where a historic resource
estimate was defined by IGE and Tasman Metals (2013). The first
three holes drilled at the Olserum project was at Djupedal in 2003
but all 3 holes were drilled to the south, near parallel to the
mineralised structures which they failed to intersect. The area has
since been deforested with more exposure and a new deposit
model.
|
|
Geology
|
Deposit type, geological setting and
style of mineralisation.
|
REE mineralisation is hosted in
biotite-magnetite altered shear zones crosscutting the red
hematised Olserum granite, a peraluminous alkali-feldspar granite.
The Olserum-Djupedal granite is interpreted to be an anatectic
granite that was produced by partial melting at ~1.80 Ga. Major
crustal scale structures, part of the Loftahammar-Linköping
Deformation Zone occur within 10km.
Monazite and xenotime (REE phosphates) host the
REEs with some associated apatite. Monazite and xenotime vary from
fine to coarse-grained and usually occur within vein zones with
coarse flaky biotite. The mineralisation has many features in
common with iron-oxide-apatite-REE systems. Hydrothermal alteration
and a mylonitic shear fabric is extensive within the prospective
zones of the Olserum granite.
|
|
Drill hole Information
|
A summary of all information
material to the understanding of the exploration results including
a tabulation of the following information for all Material drill
holes:
• easting and northing of the drill hole collar
• elevation or RL (Reduced Level - elevation above sea level in
metres) of the drill hole collar • dip and azimuth of the hole
• down hole length and interception depth
• hole length.
• If the exclusion of this information is justified on the basis
that the information is not Material and this exclusion does not
detract from the understanding of the report, the Competent Person
should clearly explain why this is the case.
|
Table included in the RNS
above.
|
|
Data aggregation methods
|
In reporting Exploration Results,
weighting averaging techniques, maximum and/or minimum grade
truncations (e.g. cutting of high grades) and cut-off grades are
usually Material and should be stated.
• Where aggregate intercepts incorporate short lengths of high
grade results and longer lengths of low grade results, the
procedure used for such aggregation should be stated and some
typical examples of such aggregations should be shown in
detail.
• The assumptions used for any reporting of metal equivalent values
should be clearly stated.
|
Length weighted grades are reported
for samples above a cut-off of 0.4% TREO and with no greater than
2m of internal dilution.
Individual REE assays in ppm are converted to individual rare
earth oxide ('REO') assays based on oxide conversion factors. The
15 individual REO assays are summed to give a total REO (TREO).
Scandium (Sc) is not included in the TREO. The REEs analysed are
Ce, Dy, Er, Eu, Gd, Ho, La, Lu, Nd, Pr, Sm, Tb, Tm, Y and Yb is
included.
|
|
Relationship between mineralisation widths and intercept
lengths
|
• These relationships are
particularly important in the reporting of Exploration Results.
• If the geometry of the mineralisation with respect to the drill
hole angle is known, its nature should be reported.
• If it is not known and only the down hole lengths are reported,
there should be a clear statement to this effect (e.g. 'down hole
length, true width not known').
|
True width is estimated at 90% of
the down hole length for -45 degree holes and 64% for - 70 degree
holes assuming a 70 degree dip for the structure.
Mineralised structures dip steeply
70-80 degrees to the southwest.
|
|
Diagrams
|
Appropriate maps and sections (with
scales) and tabulations of intercepts should be included for any
significant discovery being reported These should include, but not
be limited to a plan view of drill hole collar locations and
appropriate sectional views.
|
Drill hole location map and sections
included in the RNS above.
|
|
Balanced reporting
|
Where comprehensive reporting of all
Exploration Results is not practicable, representative
reporting of both low and high
grades and/or widths should be practiced to avoid misleading
reporting of Exploration
Results.
|
Samples are reported over the target
structures of significant width and grade. Other samples away from
these structures are not expected to have economic mineralisation
and may be sampled to improve the understanding of the
mineralisation/geochemistry etc.
|
|
Other
substantive
exploration data
|
Other exploration data, if
meaningful and material, should be reported including (but not
limited to): geological observations; geophysical survey results;
geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater,
geotechnical and rock characteristics; potential deleterious or
contaminating substances.
|
Previous metallurgical testwork on a composite sample from the
Olserum resource has shown that monazite and xenotime can be
concentrated with standard flotation after magnetite is removed
using wet low-intensity magnetic separation. Deleterious elements
are considered low. The highest-grade intersection reported here
has 69ppm weighted average U and 127ppm
weighted average Th over the 1.5m intersection grading 3.48%
TREO.
|
|
Further work
|
• The nature and scale of planned
further work (e.g. tests for lateral extensions or depth
extensions or large-scale
step-out drilling).
• Diagrams clearly highlighting the areas of possible
extensions, including the main geological interpretations and
future drilling areas, provided this information is not
commercially sensitive.
|
The mineralisation is open along
strike and at depth and is expected to be variable in thickness and
grade along the shear zone structure. Further drilling along strike
and downdip of these holes is warranted to expand the scale of the
mineralisation and potentially locate higher grade shoots within
the shear system.
|
-ENDS-
Enquiries
European Green Transition plc
|
Aiden Lavelle, CEO
|
+44 (0) 208 058 6129
|
|
Jack Kelly, CFO
|
|
|
|
|
Panmure Liberum - Nominated Adviser and
Broker
|
James Sinclair-Ford / Dougie
McLeod / Mark Murphy / Kieron Hodgson / Rauf Munir
|
+ 44 (0) 20 7886 2500
|
Camarco - Financial PR
Notes to Editors
European Green Transition plc
(quoted on the AIM market of the London Stock Exchange under the
ticker "EGT") is a business operating in the green transition space
in Europe. EGT intends to capitalise on the opportunities created
by Europe's transition to a green, renewables-focused economy and
plans to expand its existing portfolio of green economy assets
through M&A, targeting revenue generating businesses that
support the green transition.
For more information, please go
to www.europeangreentransition.com
or follow us on X
(formerly
Twitter ) and LinkedIn.