European Resources Limited · ASX:ERE
European Resources — Prospech — Investor Presentation (September 2025)
28 slides from European Resources's investor presentation, September 2025
Slide 1: Rare Earth Resources and Gold-Silver-Copper in the EU
ASX:PRS | FSE:1P80 prospech.com.au ABN 24 602 043 265 Rare Earth Resources and Gold-Silver-Copper in the EU September 2025
Slide 2: Disclaimer
Disclaimer Cautionary statements The announcement and information, opinions or conclusion expressed in the These risks and uncertainties include, but are not limited to: (i) those relating to course of this announcement contains forecasts and forward-looking the interpretation of drill results, the
Slide 3: Investment Highlights
Investment Highlights § Korsnäs REE Resource doubled to 13.5 Mt @ 1.02% TREO (total rare earth oxides) – further resource growth targeted § Rare earth prices rising, with NdPR up from US$63/kg in June to US$89/kg in August § Finland projects have EU support and access to future processing potential;
Slide 4: Capital Structure
Capital Structure ASX: PRS FSE: 1P80 328.8M $0.018 $7M Shares on Issue Share Price Market Capitalisation (at close 29 August 2025) (at close 29 August 2025) $6.5M $0.5M Enterprise Value Cash (30 June 2025) Top 22 shareholders (three equal 20th) hold 48% of the company. Open Day for Korsnas 4 Communi
Slide 5: 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 As Chief Geologist for Australian Development Limited (later trade having established a global trading corporation with offices in renamed Nor
Slide 6: EU is committed to rare earths industry
EU is committed to rare earths industry § Rare earth elements (REEs) listed among 14 of 17 critical minerals § 47 ‘Strategic Projects’ listed including in Finland § EU Critical Raw Materials Act aims to ensure European extraction, processing and recycling of ‘strategic raw materials’ including REEs
Slide 7: Urgent need for ex-China supply
Urgent need for ex-China supply Source: U.S. Department of Energy, Congressional research service; China Ministry of Land Resources; EY-P analysis informed by review of public reports, Canaccord Genuity - EV materials industry report Sep 2022; 2023 supply figures only represent the official producti
Slide 8: Defence driving rare earths demand
Defence driving rare earths demand § Benchmark Mineral Intelligence: Western defence needs driving rare earths demand § REEs essential for various defence applications, advanced manufacturing & renewables § US DoD has invested US$439M in developing mine-to-magnet supply chain § European Defence Fund
Slide 9: Regional bifurcation of pricing
Regional bifurcation of pricing § Industry analysts Benchmark Mineral Intelligence report significantly higher ex-China prices § Regional bifurcation follows US Defense Department investment in MP Materials, setting higher floor price for ex-China product § China’s April export controls have constra
Slide 10: Strategy
Strategy Advance size and quality of the Korsnäs Resource Continue exploration search for precious metals § Size of the Prize o Critical minerals – Korsnäs REEs – Met and Drill work remainder of 2025 o Precious metals – Gold-Silver-Copper projects § Cost of the Test o REE Resource – Metallurgy o Slo
Slide 11: Finland
Finland The EU’s newest REE Resource § Korsnäs REE Project (Critical Minerals) § Jokikangas REE Project § Proximate to Neo Materials’ Refinery (REE) – if needed 11 prospech.com.au prospech.com.au
Slide 12: Korsnäs REE Project
Korsnäs REE Project § Resource doubled to 13.5 Mt @ 1.02% TREO (total rare earth oxides) - lower cut-off grade of 0.5% TREO; Plan is to repeat this growth with future drilling § Ansto Agreement and GTK – Mining School Metallurgical work underway. § Drill core from 471 historic diamond core holes pre
Slide 13: Korsnäs REE Project
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 o 9 Mt to 11 Mt @ 0.9% to 1.1% TREO § Five gravity anomalies identified with a strike length of over 5 kilometres Note: The potential quanti
Slide 14: Korsnäs REE Project
Korsnäs REE Project High Grade REE and Scale on EU Mainland § Korsnäs was developed as a lead mine with wide open REE zones along strike and at depth § At least 5 parallel gravity anomalies exceeding 5 km – stacked carbonatite zones up to 20 metres thick § Prospech assay results from extensive histo
Slide 15: Korsnäs REE Project: Metallurgical Test Work
Korsnäs REE Project Metallurgical Test Work – No Red Flags – Concentrate Separation Work § Parallel metallurgical workstreams in Australia, Core, Ansto, in Finland with Mining School Oulu and GTK and in Indonesia with PT Geoservices § Mineralogy studies identified two distinct REE-hosting materials,
Slide 16: Jokikangas REE Project
Jokikangas REE Project Seeking to Consolidate another REE Resource play in Finland § Jokikangas project area doubled in size § Reported assay results from historical drill core indicate encouraging grades of High Field Strength Elements hafnium and niobium § Core from a further 81 historical drill h
Slide 17: Jokikangas REE Project
Jokikangas REE Project Seeking to Consolidate another REE Resource play in Finland § Nearby Oulu Mining School also reviewing processing of material from Jokikangas area. § Visit to processing pilot facility in April 2025. § Linked to RemHub – Rare Earth Metal Hub EU grant of $700k to PRS 20 prospec
Slide 18: Slovakia – Gold Silver Targets Of Mid-tier Scale
Slovakia – Gold Silver Targets Of Mid-tier Scale Western Tethyan Proposed Drilling Programs. A total of 54 holes for 10,000m+ Multiple 10 g/t Au + targets 21 prospech.com.au
Slide 19: Slovakia – The Western Edge of a Topical Metals Belt
Slovakia – The Western Edge of a Topical Metals Belt PRS - Gold Silver over the main heat metals driver in Western Europe 22 prospech.com.au
Slide 20: Slovakia – The Western Edge of a Topical Metals Belt
Slovakia – The Western Edge of a Topical Metals Belt Open Gold Targets in the Heart of the Western Tethyan § Subject to funding, further drilling Hodruša-Hámre § Sample and assay historical Zlatno drill core for gold § Consider corporate partnerships 23 prospech.com.au
Slide 21: Slovakia – Open Gold Targets in the Heart of the Western Tethyan
Slovakia – Open Gold Targets in the Heart of the Western Tethyan § Nova Bana Project - Krakauer - Rockchips over 290 g/t Au to drill with Zlatno and Pukanec Targets § Pukanec - Gold Silver undrilled but trenched as per image (reported in 2020 IPO Prospectus) 24 prospech.com.au
Slide 22: Looking ahead
Prospech Limited Looking ahead § Korsnäs REE Project o Metallurgy – Most intensive activity already in progress at Oulu University and GTK Mintek (supported by the EU funded REMHub program) and PT Geoservices o Growth in size and quality of the existing Inferred Resource Estimate o Further drilling
Slide 23: Investment Summary
Investment Summary § Korsnäs REE Project o Successful metallurgical test work shows an economic pathway forward o Exploration supports conversion of exploration target into JORC resource § Jokikangas REE Project o Building another REE project in Finland § Slovakia o Upside from drillable targets and
Slide 24: APPENDIX
ASX:PRS | FSE:1P80 prospech.com.au ABN 24 602 043 265 APPENDIX
Slide 25: Korsnäs REE Project
Korsnäs REE Project Current sampling of core from 485 drill holes informs the database 1413
Slide 26: Korsnäs REE Project
Korsnäs REE Project Six sub-parallel geological structures up to 20 metres thickness and over 1km strike length and unknown depth control = resource growth 15
Slide 27: Korsnäs REE Project
Korsnäs REE Project Simple geometries open at depth and along strike – open along strike and repeated “stacked” zones 16 prospech.com.au
Slide 28: Thank You
ASX:PRS | FSE:1P80 prospech.com.au ABN 24 602 043 265 Kiitos Prospech Limited Tack Dakujem Thank You Contact us for further information Jason Beckton j.beckton@prospech.com +61 (0) 438 888 612 Corporate +61 2 9300 3333