Luxembourg, July 23 -- Europe has the geological potential to strengthen its own supply of critical raw materials, but it needs faster and better-targeted action to turn that potential into real projects. This is the main message of a new technical study commissioned by the EIB, prepared with the assistance of Aurum Exploration Limited.The study focuses on one key part of the challenge: mineral exploration. Without exploration, there can be no new mines, no new domestic supply and no strong pipeline of projects for later investment. Yet exploration is also the riskiest part of the raw materials value chain. According to the study, only around one in 10 000 early exploration prospects and one in 1 000 more advanced exploration projects event...