Nuinsco Resources Reports Higher Grade MRE Subset at Prairie Lake Phosphate and REE Project
Nuinsco Resources Limited announced a new MRE Subset for its Prairie Lake Project near Terrace Bay, Ontario, indicating higher grades of phosphate (P2O5) and rare earth elements (REEs). The indicated mineral resource is 3.54 million tonnes at 4.59% P2O5 and 2,204 g/t total rare earth oxides (TREO), while the inferred resource stands at 53.45 million tonnes at 5.11% P2O5 and 2,355 g/t TREO. The findings suggest potential for a starter pit and enhance the project's economic viability.
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Nuinsco Resources Limited has identified a higher-grade mineral resource estimate (MRE Subset) at its Prairie Lake Project in Ontario, with significant phosphate and rare earth element content. The indicated mineral resource includes 3.54 million tonnes at 4.59% P2O5, while the inferred mineral resource comprises 53.45 million tonnes at 5.11% P2O5.
This new subset, part of the overall 2022 MRE, highlights potential starter pit locations that could improve project development. Ongoing metallurgical studies aim to optimize recoveries and concentrate grades, supporting the project's importance in the critical minerals supply chain.
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