Jokikangas Project Expansion Driven by Hafnium and Niobium Price Surge.

Prospech Limited (ASX: PRS) plans to reassess historical drill cores using modern sampling methods and handheld pXRF tools to better understand the project's potential. The Jokikangas Project in Finland is expanding to 7,062 hectares, driven by a surge in hafnium prices, which have risen over 220% since 2021, now exceeding US$4,800/kg. Historical drilling data reveals promising grades of hafnium, niobium, and rare earth elements (REEs), with significant intervals identified in archived cores. Hafnium, critical for nuclear reactors and aerospace applications, and niobium, essential for superalloys and superconductors, are both in high demand due to their unique properties.

Initial results compare favorably with economically interesting grades of hafnium (400 ppm) and niobium (2,000 ppm). Mineralization at neighboring projects suggests continuity into Jokikangas, further enhancing its prospectivity. The project’s expansion and focus on critical metals align with increasing demand from advanced technologies and energy sectors.

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