European Resources Limited · ASX:ERE
European Resources — Prospech — Investor Presentation (July 2023)
22 slides from European Resources's investor presentation, Jul 4, 2023
Slide 1: Exploration for a sustainable future
Exploration for a sustainable future 4 July 2023 prospech.com.au 021P80) (ASX: PRS) (FSE:
Slide 2: Cautionary Statements Disclaimer
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
Slide 3: Overview
OVERVIEW Diversified mineral exploration company with a focus on Northern and Central Europe • Wholly owned drill ready tenements with low holding costs. Strategically located projects focused on Critical Minerals, • Slovakia - Kolba project – Copper-Cobalt-Nickel. REE & Lithium o Cost effective exp
Slide 4: Early Results
EARLY RESULTS Within months Korsnas REE delivers Early Results - Korsnas • Kornas was developed as a lead mine with wide open REE zones including below intercept on an unmined parallel zone. • 40 more holes to be sampled in early August. • Hole KR-289 returned 18.3m at 1.32% Total Rare Earth Oxide •
Slide 5: Corporate and Capital Structure
CORPORATE AND CAPITAL STRUCTURE ASX: PRS Shares on Issue: 219.8m 88.7M $0.031 $6.8M Options on Issue Share price Market Capitalisation (at close 3 July) $5.0M $1.8m Enterprise Value Cash (as at 31 Dec 2022) prospech.com.au 05
Slide 6: 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 7: Portfolio of High Quality Assets
PORTFOLIO OF HIGH QUALITY ASSETS • PRS has assembled a portfolio of highly prospective REE, Lithium and precious metals projects in Northern and Eastern Europe. • Jurisdictions that are highly supportive of mining and with demand for locally supplied REEs and Lithium in Europe booming. Finland – 3 n
Slide 8: Why Europe? Critical Raw Materials Act
WHY EUROPE? CRITICAL RAW MATERIALS ACT • The goal of the European Critical Raw Material Act is to create a European network of raw materials agencies and take steps to meet as much as possible of European demand for critical minerals from local sources.1 o 30% of EU’s demand for lithium to originate
Slide 9: Rare Earth Elements
Critical Metals RARE EARTH ELEMENTS NdFeB Magnets projected increase in EVs & Wind Turbines Current Use of Rare Earth Oxides (Acknowledgement of graph - Roskill) For the magnet industry the high-coercivity and temperature range of operation favours NdFeB & Dy-NdFeB magnet alloys. The increase in HEV
Slide 10: Why Finland?
WHY FINLAND? Excellent world Excellent availability of Leader in achieving Very stable country business environment latest technologies the UN SDGs in the world Source: WEF Global Competitiveness Source: UN Sustainable Development Source: Fund for Peace, Fragile States Source: Global Innovation Inde
Slide 11: Finland Projects
FINLAND PROJECTS LITHIUM & REE 1: Korsnas REE Project • The Korsnas REE project surrounds an old mine at Korsnas which is a unique deposit hosting a large north trending carbonatite dyke. • The ore body is in a fault zone filled with a vein comprising coarse-grained calcite, feldspar, diopside, REE-
Slide 12: Korsnas Project
RARE EARTH ELEMENTS KORSNAS PROJECT • Tenure surrounds an old mine at Korsnas 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. Allanite and a few other REE minerals also made the deposit pro
Slide 13: Korsnas Project
RARE EARTH ELEMENTS KORSNAS PROJECT • In the immediate vicinity of the Korsnas mine there is sixty government stored drillholes which remain unsampled and also a group of unexploited, 1-20m wide carbonate veins or dykes that may contain significant REE grades. • Assays of drill core from six histori
Slide 14: Jokikangas Project
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 15: Saarenkyla
LITHIUM SAARENKYLA • The Saarenkylä Exploration Reservation area is in a known lithium pegmatite occurrence area. • Lithium, cesium, tantalum (+/- berylium) noted in outcrop, open sequence of pegmatitic outcrops currently protected by PRS controlled Exploration Reservation. • Lithium beryllium occur
Slide 16: Why Slovakia?
WHY SLOVAKIA? 90.2% 93.9% #1 #12 International 1st place 4th place The World Bank Chamber of Comerce in EU in EU Ranking Ranking Export of goods Export of goods SLOVAKIA ranks as no.1 globally SLOVAKIA ranks as no.12 in the as a % of GDP and services in Ease of Trading Across Borders world in the Op
Slide 17: Slovakian Projects
SLOVAKIAN PROJECTS • PRS recently acquired 100% of the Kolba / Svatodusna Copper-Cobalt-Nickel exploration Jasenie licence in Slovakia. Au W Sb • PRS also owns 100% of six Au-Ag exploration licences, covering 210 square kilometres in Zilina Slovakia: Pukanec 1. Kolba Au Ag Nova Bana 2. Hodrusa-Hamre
Slide 18: Kolba Project
COBALT COPPER NICKEL KOLBA PROJECT • Kolba (Cobalt) and Svatodusna (Copper-Silver-Cobalt- Nickel) - Undrilled in any meaningful way apart from some government stratigraphic holes over 30 years ago. • High grade copper-cobalt-silver assay results from the Kolba exploration licence in two programs: o
Slide 19: Kolba Project
COBALT COPPER NICKEL KOLBA PROJECT • Drill program to test a long thick cobalt- copper-nickel-silver zone began 16 June 2023. • Drill program to test a strike of over 300m for the Kolba cobalt-copper nickel-silver prospect and 500m for the Svatodusna copper-cobalt-nickel prospect. • Collating histor
Slide 20: Newsflow
MAJOR ACTIVITY PIPELINE NEWSFLOW Quarter Mar 23 Jun 23 Sep 23 Dec 23 Mar 24 Jun 24 Sept 24 Dec 24 2025+ Slovakia - Drilling Kolba Cu-Co- Ni Finland - Sampling Core REE Slovakia - Drilling Pukanec Hodrusa Au-Ag Finland - Permitting REE Li Finland - Drilling REE Resource Drill Permitting prospech.com.
Slide 21: Right Time, Right Place
INVESTMENT SUMMARY RIGHT TIME, RIGHT PLACE ✓ Experienced & successful technical & management team with a strong track record of recognising, discovering, developing & mining international projects. ✓ In country experience in both Slovakia and Finland e.g., 4 years operating in Finland to identify RE
Slide 22: Contact us for further information
Contact us for further information Jason Beckton j.beckton@prospech.com prospech.com.au