European Resources Limited · ASX:ERE
European Resources — Prospech — Investor Presentation (October 2024)
15 slides from European Resources's investor presentation, Oct 22, 2024
Slide 1: Rare Earths and Precious Metals in the EU
ABN 24 602 043 265 Rare Earths and Precious Metals in the EU Presentation – October 2024 Korsnäs mining operations in the late 1960s prospech.com.au ASX:PRS FSE:1P80
Slide 2: Disclaimer
DISCLAIMER Cautionary statements Nature of document: These presentation materials have been prepared by Prospech Limited (Company) as at 21 October 2024 and statements are current only as at that date. Information in this presentation remains subject to change without notice. The Company has no resp
Slide 3: Overview
PROSPECH Overview A portfolio of critical minerals exploration projects in Finland and Slovakia All projects 100% owned All projects have low holding costs Finland and Slovakia: • Low risk, stable, pro-mining EU economies • EU support with recent €430k REMHub grant approval Experienced management an
Slide 4: Summary and location of key projects
PROSPECH Summary and location of key projects Finland • Critical minerals – Korsnäs REE project • Proximate to Neo Materials’ REE refinery Slovakia • Precious metals – Hodruša-Hámre • Underexplored by modern methods Neo Materials’ REE refinery prospech.com.au 4
Slide 5: Problem – Lack of EU REE Supply
Problem – Lack of EU REE Supply Solution – Prospech’s Korsnäs Project EU Critical Raw Materials Act – 11 April 2024 Key points from the EU Critical Raw Materials Act – 11 April 2024: 1. Aim: Reduce dependence on countries outside the EU for critical minerals. 2. 2030 Objectives: • EU Extraction: At
Slide 6: Korsnäs REE Project
Korsnäs REE Project Historic (1958 - 1972) Outokumpu mine focused on lead production – a wealth of geologic data Drill core from 471 historic diamond core holes preserved by GTK – now sampled and assayed by Prospech REEs generally overlooked by Outokumpu in sampling, assaying and production
Slide 7: Korsnäs 2024 Drill Results (and more)
Korsnäs 2024 Drill Results (and more) 12m @ 1.9% TREO including 4m @ 5.1% First modern era drilling exceeded all our objectives Assay results validate historic drill core assay results Drilling provides core for metallurgical test work and Results support the preparation of a Korsnäs project
Slide 8: Korsnäs REE Project
Korsnäs REE Project Historic core sampling and modelling indicate over 5km of REE zones to be tested 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 Pr
Slide 9: Slovakian Projects
Slovakian Projects Underexplored by modern methods Prospech also owns 100% of 6 Slovakian exploration licences, covering ~142 km² All highly prospective and underexplored by modern methods Focus on Hodruša-Hámre and newly acquired Zlatno • Multiple gold, silver and copper targets • Recently di
Slide 10: Capital Structure
Capital Structure ASX: PRS 302.6M $0.031 $9.4M Shares on Issue Share Price Market Capitalisation (at close 18 Oct 2024) 79.7M Options on Issue $8.3M $1.1M Enterprise Value Cash (as at 30 Jun 2024) prospech.com.au 10
Slide 11: 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 12: Capital Raising
Capital Raising Timetable Non-renounceable Rights Issue – 1 for 4 (~75.6M shares) and placement of shortfall to raise up to $2.2M • Announce, lodge appendix 3B, prospectus Monday, 21 October 2024 • Ex-date Wednesday, 23 October 2024 • Record date Thursday, 24 October 2024 • Dispatch of prospectus, i
Slide 13: Capital Raising – Use of funds
Capital Raising Use of funds Prospech is seeking to raise a total of up to $2,269,708 from this Offer, sufficient to fund the proposed exploration and evaluation expenditure. Notes: • This table is a statement of the proposed application of the funds raised as at the date of this Prospectus. As with
Slide 14: The year ahead
PROSPECH The year ahead News flow in the year ahead includes: Focus on the Korsnäs REE project: • Resource estimate – Hardrock, TSF and LnCS • Drillout for project expansion • Metallurgical test work • Further assay results from historical drill core • Initiate TSF and LnCS permitting for a scopin
Slide 15: Thank You
PROSPECH LIMITED Thank You Contact us for further information Jason Beckton j.beckton@prospech.com Corporate +61 2 9300 3333 prospech.com.au