Slide 1: Rare Earths and Precious Metals in the EU – Noosa Mining Conference
ABN 24 602 043 265 Rare Earths and Precious Metals in the EU – Noosa Mining Conference November 2024 Korsnäs Drilling main mine trend in August prospech.com.au ASX:PRS FSE:1P80
Slide 2: Disclaimer
DISCLAIMER Cautionary statements Nature of document: These presentation materials have been prepared by Prospech Limited (Company) as at 18 October 2024 and statements are current only as at that date. Information in this presentation remains subject to change without notice. The Company has no resp
Slide 3: Strategy - Prospech Limited
Strategy - Prospech Limited ➢ Size of the Prize ➢ REE and Gold Silver Copper Resources ➢ Cost of the test ➢ Finland Resource – Metallurgy. ➢ Slovakia – Drilling ➢ EU support with recent €430k REMHub grant approval ➢ Chances of Success ➢ Finland – Brownfield Asset - Upside every time we drill. ➢ Slov
Slide 4: Summary and location of key projects
PROSPECH Summary and location of key projects Finland • Critical minerals – Korsnäs REE project • Proximate to Neo Materials’ REE refinery Slovakia • Precious metals – Hodruša-Hámre • Underexplored by modern methods Neo Materials’ REE refinery prospech.com.au 4
Slide 5: Problem – Lack of EU REE Supply
Problem – Lack of EU REE Supply Solution – Prospech’s Korsnäs Project EU Critical Raw Materials Act – 11 April 2024 Key points from the EU Critical Raw Materials Act – 11 April 2024: 1. Aim: Reduce dependence on countries outside the EU for critical minerals. 2. 2030 Objectives: • EU Extraction: At
Slide 6: Prospech – Risk balanced by more than one commodity being defined
Prospech – Risk balanced by more than one commodity being defined. prospech.com.au 6
Slide 7: 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 support the preparation of a Korsnäs project resource estimate ➢ Assay results include spectacular results: • KR-309: 12.0m @ 19,400 ppm TREO from 13
Slide 8: 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 9: Korsnäs REE Project
Korsnäs REE Project Historic core sampling and modelling indicate over 5km of REE zones to be tested ➢ At least 5 parallel gravity anomalies exceeding 5 km – stacked carbonatite zones up to 20 metres thick 9 prospech.com.au
Slide 10: Korsnäs – Stacked lenses – Probable drillout in fences
Korsnäs – Stacked lenses – Probable drillout in fences – geometric simplicity with grade 100m prospech.com.au 10
Slide 11: Korsnäs – Stacked lenses only one mined for Lead
Korsnäs – Stacked lenses only one mined for Lead – The more we drill the more we will find 100m prospech.com.au 11
Slide 12: Korsnäs – News Flow Non Stop
Korsnäs – News Flow Non Stop ➢ Historic drill core and assay results: • Drill core from 471 holes preserved by GTK • Cost to replicate historic drilling ~$14M • Geologically logged and sampled by Prospech • ~1,400 samples selected for assay • Assay results from ~700 samples are pending prospech.com.
Slide 13: Slovakian Projects
Slovakian Projects Underexplored by modern methods ➢ Prospech also owns 100% of 6 Slovakian exploration licences, covering ~142 km² ➢ All highly prospective and underexplored by modern methods ➢ Focus on Hodruša-Hámre and newly acquired Zlatno • Multiple gold, silver and copper targets • Recently di
Slide 14: Capital Structure
Capital Structure ASX: PRS 302.6M $0.031 $9.4M Shares on Issue Share Price Market Capitalisation (at close 18 Oct 2024) 79.7M Options on Issue $8.3M $1.1M Enterprise Value Cash (as at 30 Jun 2024) prospech.com.au 14
Slide 15: 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 16: Capital Raising – Timetable
Capital Raising Timetable Non-renounceable Rights Issue – 1 for 4 (~75.6M shares) and Canaccord Genuity Australia mandated for placement of shortfall to raise up to $2.2M • Announce, lodge appendix 3B, prospectus Monday, 21 October 2024 • Ex-date Wednesday, 23 October 2024 • Record date Thursday, 24
Slide 17: Capital Raising – Use of funds
Capital Raising Use of funds Prospech is seeking to raise a total of up to $2,269,708 from this Offer, sufficient to fund the proposed exploration and evaluation expenditure. Notes: • This table is a statement of the proposed application of the funds raised as at the date of this Prospectus. As with
Slide 18: Commodity Outlook – Rare Earth Elements
Commodity Outlook Rare Earth Elements $75 $70 China announces $65 flat production • “Rare earth prices have likely bottomed quotas US$/Kg $60 out and are poised to rise later this year $55 on demand from electric vehicles (EVs) $50 and wind power and as dominant $45 producer China is expected to pul
Slide 19: The year ahead
PROSPECH The year ahead News flow in the year ahead includes: ➢ Focus on the Korsnäs REE project: • Resource estimate – Hardrock, TSF and LnCS • Drillout for project expansion • Metallurgical test work • Further assay results from historical drill core • Initiate TSF and LnCS permitting for a scopin
Slide 20: Thank You
PROSPECH LIMITED Thank You Contact us for further information Jason Beckton j.beckton@prospech.com Corporate +61 2 9300 3333 prospech.com.au