14 slides from European Resources's shareholder meeting presentation, May 7, 2025
Slide 1: Prospech Limited AGM Presentation
Prospech Limited ABN 24 602 043 265 AGM Presentation 7 May 2025 ASX:PRS | FSE:1P80 | prospech.com.au
Slide 2: Disclaimer
Disclaimer Cautionary statements Cautionary Statement The announcement and information, opinions or conclusion expressed in the course of this announcement contains forecasts and forward-looking information. Such forecasts, projections and information are not a guarantee of future performance, invol
Slide 3: Finland: The EU's newest REE Resource
Finland The EU’s newest REE Resource Korsnäs REE Project (Critical Minerals) Jokikangas REE Project Proximate to Neo Materials’ Refinery (REE) – if needed prospech.com.au 3
Slide 4: Strategy
Strategy Advance size and quality of the Korsnäs REE Resource Continue exploration search for precious metals Size of the Prize • Critical minerals – Korsnäs REEs • Precious metals – Gold-Silver-Copper projects Cost of the Test • REE Resource – Metallurgy • Slovakia – Drilling • EU support with
Slide 5: Korsnäs REE Project
Korsnäs REE Project Historic (1958 - 1972) Outokumpu mine focused on lead production and overlooked REEs – a wealth of geologic data Drill core from 471 historic diamond core holes preserved by GTK – now sampled and assayed by Prospech REE targets: • In situ, hard rock deposits • Tailings stor
Slide 6: Korsnäs REE Project: Inferred Resource Estimate
Korsnäs REE Project Inferred Resource Estimate 13.5 Mt @ 1.02% TREO - lower cut-off grade of 0.5% TREO Exploration Target Additional to the Inferred Resource • 9 Mt to 11 Mt @ 0.9% to 1.1% TREO Five gravity anomalies identified with a strike length of over 5 kilometres The potential quantity and
Slide 7: Korsnäs REE Project: Future Growth in Size and Quality
Korsnäs REE Project Future Growth in Size and Quality Six sub-parallel geological structures up to 20 metres horizontal thickness rich in REEs Five gravity anomalies identified with a strike length of over 5 kilometres Exploration Target zones will influence future drilling prospech.com.au 7
Slide 8: Korsnäs REE Project: Metallurgical Test Work Update
Korsnäs REE Project Metallurgical Test Work Update – Results to hand from PT Geoservices Two streams Apatite (phosphate) and Allanite (silicate) Parallel metallurgical workstreams in Finland with Mining School Oulu and GTK and in Indonesia with PT Geoservices Mineralogy studies identified two di
Slide 9: Jokikangas REE Project
Jokikangas REE Project Sampling historical drill core Jokikangas project area doubled in size Reported assay results from historical drill core indicate encouraging grades High Field Strength Elements hafnium and niobium Core from a further 81 historical drill holes to be logged and assayed
Slide 10: Slovakia
Slovakia Gold systems remain to be tested Hodruša-Hámre – underexplored by modern methods Zlatno – no historic gold assaying prospech.com.au 10
Slide 11: Zlatno Project
Zlatno Project Porphyry system never tested for gold Historic drill core (HDS 03) reported 180 metres at 0.31% copper but never sampled for gold prospech.com.au 11
Slide 12: Capital Structure
Capital Structure ASX: PRS FSE: 1P80 328.8M $0.027 $8.9M Shares on Issue Share Price Market Capitalisation (at close 6 May 2025) (at close 6 May 2025) $8.6M $0.3M Enterprise Value Cash (31 March 2025) prospech.com.au 12
Slide 13: Looking ahead
Prospech Limited Looking ahead Korsnäs REE Project • Metallurgy – Most intensive activity already in progress at Oulu University and GTK Mintek (supported by the EU funded REMHub program) and PT Geoservices • Growth in size and quality of the existing Inferred Resource Estimate • Further drilling
Slide 14: Thank You
PROSPECH LIMITED Kiitos Tack Thank You Contact us for further information Jason Beckton j.beckton@prospech.com +61 (0) 438 888 612 Corporate +61 2 9300 3333 prospech.com.au ASX:PRS FSE:1P80