European Resources Limited · ASX:ERE

European Resources — Investor Presentation (March 2026)

21 slides from European Resources's investor presentation, March 2026

  1. Slide 1: Advancing Rare Earth Resources in Finland & Gold-Silver in Slovakia

    ASX:ERE | FSE:1P80 ABN 24 602 043 265 Advancing Rare Earth Resources in Finland & Gold- Silver in Slovakia Investor Presentation March 2026 europeanresources.com.au

  2. 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

  3. 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 surging with NdPr up 100% from US$63/kg in June 2025 to US$123/kg in January 2026  Diamond drill hole KR-316 delivers the best intersection t

  4. Slide 4: Capital Structure

    Capital Structure ASX: ERE FSE: 1P80 523.5M $0.022 $12M Shares on Issue Share Price Market Capitalisation (at close 16 March 2026) $11M $1M Enterprise Value Cash (at 31 December 2025) Top 22 shareholders (three equal 20th) hold 48% of the Company. Open Day for Korsnäs community, July 2025. europeanr

  5. Slide 5: Board and Management

    Board and Management Thomas Mann Non-Executive Chairman Marian Urban Country Manager - Slovakia Mr Mann has over 30 years’ experience in financial markets and global trade having Mr Urban graduated with a Masters of Economic Geology in Comenius University established a global trading corporation with

  6. Slide 6: Finland rated #1 by the Fraser Institute

    Finland rated #1 by the Fraser Institute  Stable and transparent regulatory framework  World-class geological data  Superior infrastructure  Reliable power grid with low electricity costs = A$0.07/KwH vs Australia A$0.33/KwH, California A$0.30/KwH, Brasil A$0.18/KwH  Skilled workforce and techn

  7. Slide 7: 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

  8. Slide 8: REE prices on the rise

    REE prices on the rise Recommended valuation price Element Symbol Oxide Applicable notes (US$/kg oxide) Lanthanum La La2O3 0.63 Base case; EXW China public quote basis. Cerium Ce CeO2 1.68 Base case; EXW China public quote basis. Magnet-case override using NdPr oxide benchmark proxy Praseodymium Pr

  9. Slide 9: Finland

    Finland The EU’s newest REE Resource  Korsnäs REE Project  Jokikangas REE Project  Proximate to Magnet manufacturers Neo Materials (Estonia), Korsnäs Mine, 1959. Vacuumschmelze (Germany) and Solvay (France) 2024 Donation to the Korsnäs Mine Museum 11 European Korsnäs Mine Underground, 1960s. euro

  10. Slide 10: Korsnäs REE Project

    europeanresources.com.au Korsnäs REE Project  Resource doubled to 13.5 Mt @ 1.02% TREO - lower cut-off grade of 0.5% TREO o 13.5 Mt @ 1.02% TREO Inferred Resource defined o 9 Mt to 11 Mt @ 0.9% to 1.1% TREO Exploration Target upside (see ASX announcements 22 April 2025 and 28 April 2025)  Metallurg

  11. Slide 11: Korsnäs

    Korsnäs February 2026: KR-316 thick, high-grade intercept and open to the south KR-316 results refer ASX announcement 24 February 2026 KR-192 results refer ASX announcement 5 September 2023 europeanresources.com.au 1

  12. Slide 12: Korsnäs – Mineralisation Characterisation Progress

    Korsnäs – Mineralisation Characterisation Progress The REE content in apatite is over 6%, with a slight enrichment of heavy rare earth elements (HREE) compared to monazite and allanite europeanresources.com.au 12

  13. Slide 13: Korsnäs – Flotation test work – 1965 – 2026 review

    Korsnäs – Flotation test work – 1965 – 2026 review Flowsheet derisking in line with resource growth potential reviews past test work in REE  Enrichment experiments conducted in 1964-1965 at Kornäs, OulunTyppiOy, and in the Geological Laboratory of VTT (Technical Research Centre of Finland)  Sample

  14. Slide 14: Korsnäs REE Tailings

    Korsnäs REE Tailings Metallurgical test work on Exploration Target underway  Parallel metallurgical workstreams in Australia at Ansto and CORE, in Finland with GTK Mintec and Oulu University Mining School and in Indonesia with PT Geoservices.  Mineralogy studies identified two distinct REE-hosting

  15. Slide 15: Korsnäs REE Project – 2026 Metallurgical Test Work

    Korsnäs REE Project – 2026 Metallurgical Test Work – No Red Flags – Concentrate Separation Work Currently Step 2 - Ansto work underway in Australia in parallel with Finnish metallurgical work – ongoing and core samples submitted to GTK in October last year – awaiting results. Test work Oulu Universi

  16. Slide 16: Korsnäs REE – Growth of Market Cap and Resource

    Korsnäs REE – Growth of Market Cap and Resource Bubble Chart For Tonnage/Grade/Market Cap – ERE Reaching Higher  These peer comparisons support benchmarking the Korsnäs project within the broader REE sector and inform future drilling strategies aimed at improving geological continuity and growing t

  17. Slide 17: Jokikangas REE

    Jokikangas REE REE Resource play – Otanmaki Area  Plan is to repeat the Korsnas process of logging – resource – metallurgy work – adding to the mainland EU pipeline of REE resources.  Jokikangas project area doubled in size – comparisons to higher grade – cumulate melt? portions of Halleck Creek i

  18. 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, subject to regulatory approvals and financing. europeanresources.com.au

  19. Slide 19: Ongoing News Flow

    Ongoing News Flow  Korsnäs REE Project o Now - Metallurgy – Most intensive activity already in progress In Finland at Oulu University and GTK Mining School (supported by the EU funded REMHub program) In Australia and Indonesia – Ansto and PT Geoservices o Early 2026 Post Drilling - JORC Resource es

  20. Slide 20: Value Proposition

    Value Proposition  Korsnäs REE Project o Successful metallurgical test work shows an economic pathway forward o Exploration success supports the conversion of the Exploration Target to a Mineral Resource Estimate  Jokikangas REE Project o Building another REE project in Finland  Slovakia o Upside

  21. Slide 21: Kiitos Tack Thank You

    ASX:ERE | FSE:1P80 europeanresources.com.au 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 Left: All core is checked with a portable XRF for anomalous REE before conventional c

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