European Resources Limited · ASX:ERE
European Resources — Prospech — Investor Presentation (February 2025)
17 slides from European Resources's investor presentation, February 2025
Slide 1: Rare Earth Drill – Metallurgy Results & Gold Silver Update
ABN 24 602 043 265 RARE EARTH DRILL – METALLURGY RESULTS & GOLD SILVER UPDATE February 2025 ASX: PRS | FSE: 1P80 | prospech.com.au Korsnäs Drilling KR305 of the main mine zone
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: Summary and location of key projects – Finland
PROSPECH LTD. Summary and location of key projects Finland • Korsnäs REE Project (Critical Minerals) • Proximate to Neo Materials’ Refinery (REE) prospech.com.au 3
Slide 4: Summary and location of key projects – Slovakia
PROSPECH LTD. Summary and location of key projects Slovakia • Precious metals – Hodruša-Hámre • Underexplored by modern methods prospech.com.au 4
Slide 5: Strategy - Prospech Limited
Strategy - Prospech Limited Size of the Prize REE and Gold Silver Copper Projects Cost of the Test REE Resource – Metallurgy Slovakia – Drilling EU support with recent €430k REMHub grant approval Chances of Success Finland – Brownfield Asset - Upside every time we drill Slovakia –
Slide 6: Korsnäs REE Project
Korsnäs REE Project Historic (1958 - 1972) Outokumpu mine focused on lead production – a wealth of geologic data Drill core from 471 historic diamond core holes preserved by GTK – now sampled and assayed by Prospech REEs generally overlooked by Outokumpu in sampling, assaying and production
Slide 7: Korsnäs REE Inferred Resource
KORSNÄS REE INFERRED RESOURCE 7.1Mt @ 1.08% TREO - lower cut-off grade of 0.5% TREO TREO Nd2O3 Pr6O11 Tb4O7 Dy2O3 Cut-Off (ppm) Resource (Mt) ppm ppm ppm ppm ppm 10,000 2,258,877 19,358 3,130 957 12 48 9,000 2,861,077 17,286 2,855 859 12 48 8,000 3,387,422 15,917 2,684 798 12 47 7,000 4,236,651 14,2
Slide 8: Korsnäs – Future Growth in Size and Quality
Korsnäs – Future Growth in Size and Quality The Korsnäs lead mine, located on Finland's west coast near the Gulf of Bothnia, was operational from 1958 to 1972. During this period, 0.87 million tonnes of ore were processed on-site at a recovered grade of 3.6% lead (Pb). Outokumpu Oy, the original min
Slide 9: Korsnäs 2024 REE and HREE Drill Results
Korsnäs 2024 REE and HREE Drill Results Recently 12m @ 1.9% TREO including 4m @ 5.1% First modern era drilling exceeded all our objectives Results supported the preparation of a Korsnäs resource estimate Assay results include spectacular results: • KR-309: 12.0m @ 19,400 ppm *TREO from 134.0m
Slide 10: Korsnäs REE Project
Korsnäs REE Project Modelling indicate over 5km of REE zones to provide Resource growth prospech.com.au 10
Slide 11: Korsnäs – Stacks Up – Comparisons
Korsnäs – Stacks Up – Comparisons (Bubble/Plot = Market Cap) prospech.com.au 11 Refer ASX PRS 4 December 2024 – Korsnas REE Inferred Resource Estimate
Slide 12: Slovakia – Gold Silver Tethyan Belt
SLOVAKIA – GOLD SILVER TETHYAN BELT Prospech also owns 100% of six exploration licences, covering ~142 km2 in Slovakia All located within the prolifically well endowed Tethyan Mineral Belt All highly prospective and underexplored by modern methods prospech.com.au 12
Slide 13: Slovakia – Gold Silver Tethyan Belt
SLOVAKIA – GOLD SILVER TETHYAN BELT Žilina Pukanec Nová Baňa Košice Trnava Kolba Cejkov-Zemplin Bratislava Banksá Bystrica Rudno Hodruša-Hámre prospech.com.au 13
Slide 14: Slovakia – Gold Silver Tethyan Belt
SLOVAKIA – GOLD SILVER TETHYAN BELT Drill-Ready The Pukanec Agras target highlighting some of the historical surface trench intersections. The base map is an enhanced LIDAR image showing extensive early mine workings (pock marks). prospech.com.au 14
Slide 15: Prospech Ltd – Looking to 2025
PROSPECH LTD (ASX:PRS FSE:1P80) Looking to 2025 Korsnas – Metallurgy – Most intensive activity will be taking place in laboratories (mainly U Oulu and GTK under the auspices of REMHub). Mid February Update. Korsnas – Drilling Results from preserved core – 800 samples to be reported. From Early F
Slide 16: Capital Structure
Capital Structure ASX: PRS FSE: 1P80 328.8M1 $0.019 $6.247M Shares on Issue Share Price Market Capitalisation (at close 4 Feb 2025) (at close 4 Feb 2025) 79.67M Options on Issue $5.45M $1.3M2,3 Enterprise Value Cash (as at 31 Dec 2024) (1) Includes Shares Issued 3/12/24 as part of Entitlement Offer
Slide 17: Thank You
PROSPECH LIMITED Thank You Contact us for further information On the current shortfall placement Jason Beckton j.beckton@prospech.com Corporate +61 2 9300 3333 prospech.com.au ASX: PRS FSE: 1P80