Slide 1: Rare Earth Element Resource Definition in Finland
A B N 24 602 043 265 Rare Earth Element Resource Definition in Finland May 2024 prospech.com.au ASX:PRS FSE:1P80
Slide 2: Corporate and Capital Structure
CORPORATE AND CAPITAL STRUCTURE ASX: PRS Capital ~$0.05 ~$13.5M 270.1M shares Share price Market Capitalisation 79.7M options (at close 17 Feb) ~$11.9M $1.6m Enterprise Value Cash (as at 31 December 2023) Offices and workshop rented at the historical Korsnäs Mine prospech.com.au 02
Slide 3: Korsnäs Project
KORSNÄS PROJECT PRS recently secured additional known occurrences for future work – Granskog - trend? Drill sampling of the Korsnäs historical Tailings Storage Facility (TSF) commenced February. prospech.com.au 3
Slide 4: Korsnäs Project – An Unmined Asset
KORSNÄS PROJECT – AN UNMINED ASSET Korsnäs, Finland – Historical lead (Pb) mine: ➢ Drill core from 471 historical holes preserved ➢ Production and assay results focused on lead ➢ 5km of strike on Prospech licences ➢ Tailings Storage Facility (TSF) drilled by Prospech – with assay results pending ➢ T
Slide 5: Korsnäs Project – An Unmined Asset
KORSNÄS PROJECT – AN UNMINED ASSET prospech.com.au 5
Slide 6: Korsnäs Project Rare Earth Elements
KORSNÄS PROJECT RARE EARTH ELEMENTS • Tenure surrounds an old mine at Korsnäs 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. Apatite and several other REE minerals also made the deposit pr
Slide 7: Korsnäs REE Hardrock Sampling and Modelling
KORNÄS REE HARDROCK SAMPLING AND MODELLING ➢ Korsnäs was developed as a lead mine with wide open REE zones along strike and at depth. ➢ At least 5 parallel zones – average known horizontal width 7 metres. prospech.com.au 7
Slide 8: Korsnäs REE Hardrock Sampling and Modelling
KORNÄS REE HARDROCK SAMPLING AND MODELLING prospech.com.au 08
Slide 9: Korsnäs Project – Recent News
KORSNÄS PROJECT – RECENT NEWS ➢ Drill sampling of the Korsnäs TSF completed with 64 holes Auger drilling ➢ TSF assay results to assess the REE the Lanthanide content of pre-mined ore processed Dump - Planned ONLY for lead recovery are pending for May 2024 ➢ Assay results from 1,020 samples from 49 h
Slide 10: Mine Zone (S)
From To Thick TREO NdPr oxide Hole_Id m m m ppm ppm KR-178 126.70 135.51 8.81 14,223 4,323 KR-178 126.70 131.00 4.30 26,630 8,173 KR-178 156.40 158.40 2.00 4,979 1,433 KR-180 53.00 64.00 11.00 7,321 1,994 KR-180 60.00 62.00 2.00 28,818 8,593 KR-180 138.70 151.00 12.30 9,493 2,790 KR-180 141.75 148.7
Slide 11: 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 12: Newsflow Major Activity Pipeline
NEWSFLOW MAJOR ACTIVITY PIPELINE Quarter Mar 24 Jun 24 Sept 24 Dec 24 2025+ Drilling REE – TSF (Assays pending) Sampling Core/Metallurgy REE Drilling REE - Hardrock Drilling REE - Resource Loppi GTK (Geologic Survey of Finland) sampling done (for now): ➢ 8 trips of 2 weeks each ➢ 58 days ➢ 226 holes
Slide 13: Prospech Limited Investment Thesis
PROSPECH LIMITED (ASX: PRS) INVESTMENT THESIS ➢ Critical minerals focus - REE exposure across 4 projects ➢ Located in a stable EU economy, pro-mining jurisdictions ➢ Located proximate to an REE processing facility ➢ EU support for critical mineral projects ➢ Access to rich data base = cost effective
Slide 14: Disclaimer
CAUTIONARY STATEMENTS DISCLAIMER This Prospech Lim ited (AB N 24 602 043 2 65) (‘Company’ or ‘PRS’) presentatio n also co ntains stat istic s, data and other information relatin g to m arkets, m arket sizes, mar ket sh ares, market position s an d other in dustry data pertaining to the Comp any' s b