European Resources Limited · ASX:ERE
European Resources — Investor Presentation (October 2026)
28 slides from European Resources's investor presentation, October 2026
Slide 1: Rare Earth Elements in Finland, Precious Metals in Slovakia
ASX:ERE | FSE:1P80 ABN 24 602 043 265 Rare Earth Elements in Finland Precious Metals in Slovakia October 2026 europeanresources.com.au
Slide 2: Disclaimer
Disclaimer Cover photo shows drill core at 101.5m from hole KR-316. Refer ASX announcement 24 February 2026. Cautionary statements The announcement and information, opinions or conclusion expressed in the course of this These risks and uncertainties include, but are not limited to: (i) those relatin
Slide 3: Company Overview
Company Overview European projects 100% owned • Finland critical mineral projects: o Korsnäs - Rare Earth Elements (REEs) o Jokikangas - REEs and Yttrium, Niobium and Hafnium • Slovakia precious metal projects: o Hodrusa - Gold and Silver o Zlatno - Copper and Gold o Kolba, Nova Bana, Pukanec and Ze
Slide 4: Board and Management
Board and Management Thomas Mann Non-Executive Chairman Erja Retzen Bambra Oy - Chairwoman Mr Mann has over 30 years’ experience in financial markets and global trade having established a global trading corporation with offices in North America and the Asia-Pacific. Helsinki based – Former Senior Ma
Slide 5: European Resources (Bambra Oy) – Partnerships
European Resources (Bambra Oy) – Partnerships Thank you to our partners as we push to building the EU’s first - Upstream - REE production company Municipal Council Ostrobothnia Regional Council Oulu Sydney Rovaniemi Vaasa Helsinki Oulu Outokumpu Milan Kemi Helsinki Jakarta Helsinki europeanresources
Slide 6: CLIC Innovation Consortia - REM (Rare Earth Magnet) HUB
CLIC Innovation Consortia - REM (Rare Earth Magnet) HUB ERE (Bamba Oy) is providing all raw materials to satisfy stated goal of creating magnet metal in the next year remhub-project.eu Helsinki europeanresources.com.au
Slide 7: Capital Structure
Capital Structure ASX: ERE FSE: ER3 699.9M $0.014 c. $9.8M Shares on Issue Share Price Market Capitalisation (at close 30 September 2026) $8.0M $1.8M Enterprise Value Cash (at 30 June 2026) Top 20 shareholders hold 47.5% of the Company (as of 30 September 2026) europeanresources.com.au 7
Slide 8: EU is committed to a rare earths industry
EU is committed to a 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 REE
Slide 9: Finland top rated by the Fraser Institute
Finland top rated by the Fraser Institute • Finland rated world’s top mining jurisdiction in 2024, 2017, 2014 and 2012/13 • Stable and transparent regulatory framework • World-class geological data • Superior infrastructure • Reliable power grid with low electricity costs = €0.04/KwH vs • Australia
Slide 10: Korsnäs REE Project
Korsnäs REE Project Historic lead mine with REEs overlooked • Drill core from 471 historic diamond core holes preserved by GTK now sampled and assayed by European Resources Three resource targets • Hard rock in situ resource • Tailings Storage Facility (TSF) - 0.72 Mt to 0.93 Mt @ 6,200 ppm to 6,500
Slide 11: Why Korsnäs matters to Finland
Why Korsnäs matters to Finland Critical minerals, regional development and responsible use of historical mining materials. Critical minerals Historic mine site – Brownfield advantages Potential for a Finnish rare earths From 1959 to 1972: produced 45kt of Pb resource concentrate and 36kt lanthan
Slide 12: Korsnäs: From historic lead mine to rare earths
Korsnäs: From historic lead mine to rare earths A simple story: valuable material was left behind, and the hard-rock system is larger than first recognised. 1959 - 72 Lead mine in production: Rare earths recognised, but not the economic focus. 2023 Project acquired: European Resources / Bambra Oy re
Slide 13: Korsnäs work completed: from archive to resource
Korsnäs work completed: from archive to resource Re-assay, drilling, geophysics, resource estimation and early processing work have all advanced the project. Resource growth: Nov 2024 to Apr 2026 Inferred tonnage (Mt) 15.4 15 13.5 10 7.1 5 Nov 2024 Apr 2025 Apr 2026 TREO grade 1.09% 1.02% 1.00% Cont
Slide 14: Korsnäs Inferred Mineral Resource Estimate
Korsnäs Inferred Mineral Resource Estimate 15.4 Mt at 1.00% TREO, reported at a 0.5% TREO cut-off — NdPr makes up 22.7% of contained TREO. Magnet feedstock — NdPr Other rare earths High-temperature magnet additives Nd2O3 Pr6O11 Sm2O3 Tb4O7 Dy2O3 15.4 Mt 1,754 514 221 10.3 39.7 at 1.00% TREO ppm ppm
Slide 15: Resource open to the north, south and east
Resource open to the north, south and east Passive seismic targeting and down-dip projection of known zones support a combined exploration target of 18–32 Mt at 0.8–1.0% TREO. Resource wireframes and TREO block model, looking north-east. TSF and historic mine workings shown for reference. Passive se
Slide 16: REE Exploration Targets
REE Exploration Targets Passive seismic and gravity are detecting REEs Resource Potential Current Status 0.57 Mm³ from lead processing, 1959 Has been drilled and Tailings sampled. Could be stabilised storage to 1972. 6,200–6,500 ppm TREO, with as part of a responsible facility NdPr at 29% of TREO. r
Slide 17: Korsnäs hard-rock exploration target
Korsnäs hard-rock exploration target Passive seismic and gravity data define anomaly trends beyond the current Mineral Resource, along strike to the north and south. Exploration target, additional to the 15.4 Mt Mineral Resource 18–32 Mt* at 0.8–1.0% TREO What the map shows Korsnäs project area and
Slide 18: Tailings storage facility exploration target
Tailings storage facility exploration target* 0.72–0.93 Mt of tailings at 6,200–6,500 ppm TREO and 29% NdPr enrichment, drilled and assayed in March 2024. Sampling basis and average grades 57 523 480 6,465 ppm 1,896 ppm 29% Drillholes Assay results Tailings assays Average TREO Average NdPr oxide NdP
Slide 19: Lanthanide concentrate stockpile
Lanthanide concentrate stockpile A surface stockpile of historic concentrate grading 2.55% TREO, roughly two and a half times the hard-rock resource grade. Grade and sampling basis 25,541 ppm 7,869 ppm 31% 9 Average TREO (2.55%) Average NdPr oxide (0.79%) NdPr enrichment Auger holes sampled Tonnage
Slide 20: Next 12–21 months: de-risk what matters
Next 12–21 months: de-risk what matters Workstreams 2026 2027 2028 Workstream Q3 Q4 Q1 Q2 Q3 Q4 Q1 Rank and drill best hard-rock targets 12 months TSF and LnCS reprocessing tests 18 months Integrated metallurgy and pilot planning 15 months Environmental baseline and permitting pathway 18 months Part
Slide 21: Investment and development pathway
Investment and development pathway Indicative sequence Workstage 2026 2027 2028 2029 2030 2031 2032 Laboratory testing and drilling 21 months Pilot-scale tests 15 months Feasibility study 17 months Environmental and mining permitting 18 months Possible construction and ramp-up 22 months Under way Pl
Slide 22: European REE Processing Plants Network
European REE Processing Plants Network Several rare earth processing facilities across Europe present opportunities to de-risk financing and permitting of the project. OPERATING / COMMISSIONING 1 Sillamäe, Estonia Neo Performance Materials · REE separation 2 Narva, Estonia Neo · NdFeB magnet manufac
Slide 23: Innovations in Exploration
Innovations in Exploration Passive Seismic Ionic Leach Soil Geochemistry TSF Korsnäs IONIC LEACH SOIL- Mine GEOCHEMISTRY ORIENTATION LINE europeanresources.com.au 23
Slide 24: Jokikangas REE – Large Tonnage With High Grade HFSE
Jokikangas REE – Large Tonnage With High Grade HFSE Samples dispatched to lab June 2026 – drilling mostly unsampled previously • Plan to repeat Korsnäs process of sampling new REE Zones – resource – metallurgy work – adding to the mainland EU pipeline of REE resources • Jokikangas project area doubl
Slide 25: 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, subject to regulatory approvals and financing europeanresources.com.au 25
Slide 26: News Flow
News Flow Korsnäs Finland met testing MREC and Scoping Study – Korsnäs December potential release Hafnium samples received; Jokikangas potential exploration target Slovakia Renewal of leases - Pending europeanresources.com.au 26
Slide 27: Value Proposition
Value Proposition Korsnäs REE Project • Successful metallurgical test work shows an economic pathway forward – MREC and Scoping Study planned • Continued exploration growth targeting significant resource Jokikangas REE Project • Building another REE project in Finland Slovakia • Upside from drillabl
Slide 28: Kiitos Tack Thank You
ASX:ERE | FSE:1P80 ABN 24 602 043 265 Kiitos Tack Thank You Contact us for further information: Jason Beckton j.beckton@europeanresources.com.au +61 (0) 438 888 612 Corporate +61 2 9300 3333 Visit our website: EuropeanResources.com.au Follow us on LinkedIn: Image: All core is checked @europeanresour
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