European Resources Limited · ASX:ERE
European Resources — Shareholder Meeting (May 2026)
19 slides from European Resources's shareholder meeting presentation, May 27, 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 AGM May 2026 europeanresources.com.au
Slide 2: Disclaimer
Disclaimer Cautionary statements The announcement and information, opinions or conclusion expressed in the course of These risks and uncertainties include, but are not limited to: (i) those relating to the this announcement contains forecasts and forward-looking information. Such forecasts, interpre
Slide 3: Company Key Points
Company Key Points 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 sliver o Zlatno – copper and gold o Kolba, Nova Bana, Pukanec a
Slide 4: Finland
Finland • Korsnäs REE project • Jokikangas REE+ project • Proximate to Neo Materials refinery (Estonia) Korsnäs Mine, 1959. 2024 Donation to the Korsnäs Mine Museum 11 European Korsnäs Mine Underground, 1960s. europeanresources.com.au Resources.com.a 3
Slide 5: Korsnäs REE Project
Korsnäs REE Project The EU’s newest REE Resource • Historic lead mine with REEs overlooked o Drill core from 471 historic diamond core holes preserved by GTK now sampled and assayed by European Resources • Three resource targets o Hard rock in situ resource o Tailings Storage Facility (TSF) o Lantha
Slide 6: Korsnäs
Korsnäs 7km cumulative strike - mostly undrilled Six sub-parallel geological structures up to 20 metres thickness and over 1km strike length and unknown depth control = resource growth potential europeanresources.com.au 5
Slide 7: 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-062 results refer ASX announcement 26 March 2024 KR-192 results refer ASX announcement 5 September 2023 KR-036 results refer ASX announcement 26 March 2024 europe
Slide 8: Korsnäs REE Project
Korsnäs REE Project Metallurgy advancing on multiple fronts – NO RED FLAGS • PT Geoservices, GTK Mintec, Oulu University and ANSTO Minerals o Ore characterisation, ore screening and beneficiation, pre-leach optimisation and flotation work all underway • Korsnäs ore characterisation completed o REE h
Slide 9: Jokikangas REE
Jokikangas REE REE Resource play – Otanmaki Area • Plan is to repeat the Korsnäs 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 in
Slide 10: 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
Slide 11: 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 10
Slide 12: 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
Slide 13: 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
Slide 14: APPENDIX
ASX:ERE | FSE:1P80 europeanresources.com.au ABN 24 602 043 265 APPENDIX europeanresources.com.au 13
Slide 15: 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
Slide 16: 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
Slide 17: 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 18: Capital Structure
Capital Structure ASX: ERE FSE: 1P80 694.9M $0.011 $7.6M Shares on Issue Share Price Market Capitalisation (at close 16 March 2026) $5.4M $2.2M Enterprise Value Cash (at 14 May 2026) Top 20 shareholders hold 42% of the Company. Open Day for Korsnäs community, July 2025. europeanresources.com.au 17
Slide 19: 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