European Resources Limited · ASX:ERE
European Resources — Prospech — Shareholder Meeting (November 2023)
20 slides from European Resources's shareholder meeting presentation, Nov 30, 2023
Slide 1: EGM presentation
EGM presentation Rare Earth Brownfield Exploration in the EU 30th November 2023 prospech.com.au 021P80) (ASX: PRS) (FSE:
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS DISCLAIMER This Prospech Limited (ABN 24 602 043 265) (‘Company’ or ‘PRS’) presentation also contains statistics, data and other information relating to markets, market sizes, market shares, market positions and other industry data pertaining to the Company's business and marke
Slide 3: Corporate and Capital Structure
CORPORATE AND CAPITAL STRUCTURE ASX: PRS FSE:1P80 Shares on Issue: 219.8m 76.6M $0.039 $8.0M Options on Issue Share price Market Capitalisation (at close 29 November) prospech.com.au 04
Slide 4: Board and Management
BOARD AND MANAGEMENT Thomas Mann John Levings Non-Executive Chairman Executive Director Mr Mann has over 30 years’ experience in financial markets and global Mr Levings as Chief Geologist for Australian Development Limited trade having established a global trading corporation with offices in (later
Slide 5: Overview
OVERVIEW Diversified mineral exploration company with a focus on Northern and Central Europe • Wholly owned drill ready tenements with low holding costs. Strategically located projects focused on Critical Minerals, • Slovakia - Kolba project – Copper-Cobalt-Nickel. REE & Lithium • Finland – Rare Ear
Slide 6: Why Finland?
WHY FINLAND? Excellent world Excellent availability of Leader in achieving Very stable country business environment latest technologies the UN SDGs in the world Source: WEF Global Competitiveness Source: UN Sustainable Development Source: Fund for Peace, Fragile States Source: Global Innovation Inde
Slide 7: Portfolio of High Quality Assets
PORTFOLIO OF HIGH QUALITY ASSETS • PRS has assembled a portfolio of highly prospective REE, Lithium and precious metals projects in Northern and Eastern Europe. • Jurisdictions that are highly supportive of mining and with demand for locally supplied REEs and Lithium in Europe booming. Finland – 3 n
Slide 8: Critical Raw Materials Act
WHY EUROPE? CRITICAL RAW MATERIALS ACT • The goal of the European Critical Raw Material Act is to create a European network of raw materials agencies and take steps to meet as much as possible of European demand for critical minerals from local sources.1 o 30% of EU’s demand for lithium to originate
Slide 9: Finland Projects
FINLAND PROJECTS CRITICAL ELEMENTS 1: Korsnas REE Project • The Korsnas REE project surrounds an old mine at Korsnas which is a unique deposit hosting a large north trending carbonatite dyke. • The ore body is in a fault zone filled with a vein comprising coarse-grained calcite, feldspar, diopside,
Slide 10: Korsnas Project
RARE EARTH ELEMENTS KORSNAS PROJECT • Tenure surrounds an old mine at Korsnas which is a unique deposit hosted by a large north trending carbonatite dyke. • It was mined between 1959 and 1972 and yielded 0.87Mt of ore averaging 3.6% Pb. Allanite and a few other REE minerals also made the deposit pro
Slide 11: Continuing REE Results
CONTINUING REE RESULTS In 2023 Korsnas REE delivers • . prospech.com.au 012
Slide 12: Korsnas Project
RARE EARTH ELEMENTS KORSNAS PROJECT • In the immediate vicinity of the Korsnas mine there are drillholes which remain unsampled and also a group of unexploited, 1-20m wide carbonate veins or dykes that may contain significant REE grades. prospech.com.au 13
Slide 13: Korsnas Project
RARE EARTH ELEMENTS KORSNAS PROJECT Korsnas – pre Resource modelling underway now prospech.com.au 14
Slide 14: Korsnas Project
RARE EARTH ELEMENTS KORSNAS PROJECT Korsnas already drilled – More new results from old holes. To be sampled for modern assaying in due course. All original drill core from these 471 holes at Korsnäs primarily targeted lead (Pb). Rare Earth Element (REE) assay data includes: • Hole KR-285: 2.77m @ 4
Slide 15: Jokikangas Project
RARE EARTH ELEMENTS JOKIKANGAS PROJECT • Historical drill hole samples returned REO intercepts over a strike length of 4 kilometres, including: • 0.20m @ 24,448 ppm TREO and 4,700 ppm Niobium from 74.2m. • 0.15m @ 15,346 ppm TREO and 2,980 ppm Niobium from 9.2m. • 0.17m @ 8,690 ppm TREO and 2,030 pp
Slide 16: Why Slovakia?
WHY SLOVAKIA? 90.2% 93.9% #1 #12 International 1st place 4th place The World Bank Chamber of Comerce in EU in EU Ranking Ranking Export of goods Export of goods SLOVAKIA ranks as no.1 globally SLOVAKIA ranks as no.12 in the as a % of GDP and services in Ease of Trading Across Borders world in the Op
Slide 17: Kolba Project
SLOVAKIA - COBALT COPPER NICKEL KOLBA PROJECT • Kolba (Cobalt) and Svatodusna (Copper-Silver-Cobalt- Nickel) - Undrilled in any meaningful way apart from some government stratigraphic holes over 30 years ago. • High grade copper-cobalt-silver assay results from the Kolba exploration licence in two p
Slide 18: Newsflow
MAJOR ACTIVITY PIPELINE NEWSFLOW Quarter Sep 23 Dec 23 Mar 24 Jun 24 Sept 24 Dec 24 2025+ Slovakia - Drilling Kolba Cu-Co-Ni Finland - Sampling Core REE Finland - Permitting REE Li Finland - Drilling REE Resource Drill Permitting prospech.com.au 19
Slide 19: Right Time, Right Place
INVESTMENT SUMMARY RIGHT TIME, RIGHT PLACE ✓ Experienced & successful technical & management team with a strong track record of recognising, discovering, developing & mining international projects. ✓ In country experience in both Slovakia and Finland e.g., 4 years operating in Finland to identify RE
Slide 20: Contact us for further information
Contact us for further information Jason Beckton j.beckton@prospech.com John Levings j.levings@prospech.com prospech.com.au