European Resources Limited · ASX:ERE
European Resources — Prospech — Brisbane Resources Austex - AMEC Lunch (February 2024)
18 slides from European Resources's conference presentation, February 2024
Slide 1: Prospech Ltd - Rare Earth Element - Brownfield Drilling in Finland
Prospech Ltd - Rare Earth Element - Brownfield Drilling in Finland February 2024 Brisbane Resources Austex - AMEC Lunch prospech.com.au ASX:PRS FSE:1P80
Slide 2: Corporate and Capital Structure
CORPORATE AND CAPITAL STRUCTURE ASX: PRS Shares on Issue: 270.1m 79.7M $0.03 $8.1M Options on Issue Share price Market Capitalisation (at close 17 Feb) $6.5M $1.6m Enterprise Value Cash (as at 31 December 2023) Drill samples and administration office at rented of the Korsnäs historical mine workshop
Slide 3: Finland Projects - Rare Earth Focus
FINLAND PROJECTS RARE EARTH FOCUS 1: Korsnäs REE Project • The Korsnäs REE project surrounds an old mine at Korsnäs which is a unique deposit hosting a large north trending carbonatite dyke. • Agreement concluded with supportive and commercial Korsnäs Municipality to allow, exploration adjacent to f
Slide 4: TSF - Drilling
Körsnas, Finland – An Old Lead Mine with 95% of 5km of strike drilled and core preserved and assayed in the most part, for Lead only. Current drilling the Tailings Storage Facility TSF TSF - Drilling Lanthanide Dump (to be drilled) Concentrator (old) prospech.com.au
Slide 5: PRS recently secured additional known occurrences for future work
PRS recently secured additional known occurrences for future work – Granskog - trend? Drill sampling of the Korsnäs historical Tailings Storage Facility (TSF) commenced February. prospech.com.au 5
Slide 6: Korsnäs Project - Rare Earth Elements
RARE EARTH ELEMENTS KORSNÄS PROJECT • Tenure surrounds an old mine at Korsnäs which is a unique deposit hosted by a large north trending carbonatite dyke. • It was mined between 1959 and 1972 and yielded 0.87Mt of ore averaging 3.6% Pb. Apatite and several other REE minerals also made the deposit pr
Slide 7: Korsnäs TSF Drilling Campaign Underway
Korsnäs TSF Drilling Campaign Underway Plan and profile view of the current Korsnäs TSF drilling Korsnäs TSF north of the old lead mine which closed in 1972. program Negative Strip Ratio should the asset progress to reserve. prospech.com.au 7
Slide 8: Korsnäs, Finland – a place to get things Done
Korsnäs, Finland – a place to get things Done – Monday 12th February prospech.com.au
Slide 9: Korsnäs REE Hardrock Sampling and Modelling
KORNÄS REE HARDROCK SAMPLING AND MODELLING • Korsnäs was developed as a lead mine with wide open REE zones including below intercept on an unmined parallel zone. • At least 5 parallel Zones – average horizontal width 7m at report date. prospech.com.au 09
Slide 10: Korsnäs REE Hardrock Sampling and Modelling - Old Lead Mine
KORNÄS REE HARDROCK SAMPLING AND MODELLING - Old Lead mine accounts for 5% of drilled zones and still mineralised at depth! Korsnäs – pre Resource modelling underway now prospech.com.au 10
Slide 11: Korsnäs Old Geology/New Assays Merged
KORSNÄS OLD GEOLOGY/NEW ASSAYS MERGED • Korsnäs – Most core not sampled yet preserved since 1950s, 60s up to 1980s. • If Lead sulphides not present, core was unsampled – therein lies this opportunity. prospech.com.au 11
Slide 12: Korsnäs REE Ratios as per others
Korsnäs REE Ratios as per others (ARR:ASX Mcap 58m) ARR Market Cap A$160m PRS Market Cap A$8.1m • Korsnäs modern assaying of drill core to date suggests commercial levels of high value Nd and Pr Oxides and accessory levels of very high value Dy, Tb and Sm. prospech.com.au 012
Slide 13: Newsflow - Finland
MAJOR ACTIVITY PIPELINE NEWSFLOW - FINLAND Quarter Mar 24 Jun 24 Sept 24 Dec 24 2025+ Drilling REE - Tailings Sampling Core/Metallurgy REE Drilling REE - Hardrock Drilling REE - Resource • 1010 samples in the lab. • 1082 samples being cut at GTK Loppi • 200 sample batch of drilling TSF to be dispatc
Slide 14: 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 15: Korsnäs Drilling and Metallurgical Sampling Overseen by J Levings
Korsnäs, Drilling and Metallurgical sampling being overseen by J Levings - Technical Director Rare Earth Brownfield Exploration in the EU - February 2024 prospech.com.au
Slide 16: Right Time, Right Place - Investment Summary
INVESTMENT SUMMARY RIGHT TIME, RIGHT PLACE ✓Stable, EU economy, pro-mining jurisdictions. EU support for critical mineral projects. ✓Critical Minerals Focus. REE exposure across 4 projects. ✓Access to rich data base for future exploration = cost effective exploration with walk up drill targets. ✓Pre
Slide 17: Jokikangas Project - Rare Earth Elements
RARE EARTH ELEMENTS JOKIKANGAS PROJECT • Historical drill hole samples returned REO intercepts over a strike length of 4 kilometres, including: • 0.20m @ 24,448 ppm TREO and 4,700 ppm Niobium from 74.2m. • 0.15m @ 15,346 ppm TREO and 2,980 ppm Niobium from 9.2m. • 0.17m @ 8,690 ppm TREO and 2,030 pp
Slide 18: Disclaimer - Cautionary Statements
CAUTIONARY STATEMENTS DISCLAIMER This Prospech Limited (ABN 24 602 043 265) (‘Company’ or ‘PRS’) presentation also contains statistics, data and other information relating to markets, market sizes, market shares, market positions and other industry data pertaining to the Company's business and marke
Prospech — Brisbane Resources Austex - AMEC Lunch (February 2024) on 6ix