European Resources Limited · ASX:ERE
European Resources — Prospech — Australian Minerals and Energy Investor Conference – Brisbane 2021
34 slides from European Resources's conference presentation, Mar 18, 2021
Slide 1: Positioned for Outstanding Leverage to Gold & Silver Exploration Success
PROSPECH LIMITED ABN 24 602 043 265 www.prospech.com.au Positioned for Outstanding Leverage to Gold & Silver Exploration Success within the World Class Tethyan Mineral Belt Australian Minerals and Energy Investor Conference – Brisbane 18 March 2021
Slide 2: Disclaimer
DISCLAIMER This 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 markets. Unless otherwise indicated, such information is based on the Company's analys
Slide 3: Corporate & Capital Structure
Corporate & Capital Structure Recent IPO: ASX PRS – Listed 16th December 2020. Raised $5m. $3.5m expenditure planned on drilling over next 2 years Shares on Issue: 88.3m Options on Issue: 17.0m Share Price: $0.135 Market Capitalisation (fully Dil.): $14.2m Enterprise Value:$9.2m Experienced Board &
Slide 4: Key Investment Highlights
Key Investment Highlights • Prospech owns 100% of 204km² of prospective, under explored gold and silver exploration licences • Located in the Tethyan magmatic arc in Slovakia • One of the most prolific global metal belts • Member of the EU and Eurozone - an attractive jurisdiction for foreign invest
Slide 5: Projects Located Within the Tethyan Mineral Belt
Disclaimer and Competent Person Statemen Projects Located Within the Prolifically Well Endowed Tethyan Mineral Belt 4
Slide 6: Slovakia
Disclaimer and Competent Person Statement Slovakia A favourable mining jurisdiction within a European Union legal, accounting and political framework ember ➢ Full European Union, EEC and NATO Member ➢ Fastest growing Eurozone member within the last 10 years ➢ Favourable central geographic location ➢
Slide 7: Slovakia
Disclaimer and Competent Person Statement Slovakia A favourable mining jurisdiction within a European Union legal, accounting and political frameworkember ➢ Known mining history dating to Celtic times and earlier ➢ Major production of metals (primarily copper and silver) occurred during the medieval
Slide 8: Multiple Targets
Multiple Targets Six 100% owned projects, Hodrusa-Hamre surrounding currently producing high-grade Rozalia Mine 7
Slide 9: Exploration Update
Naa Ee eee Exploration Update
Slide 10: Zemplin Drilling March 16th 2021
Drilling planned for 2021 and 2022 Zemplin Drilling March 16th 2021 • Zemplin Silver Base Metals (Cejkov Project) now and Anton gold silver zone (Hodrusa Project) next • 2021 program underway - drill testing multiple gold and silver targets for a minimum 10,000 metres • Drilling planned also on the
Slide 11: Current Exploration Focus: Cejkov-Zemplin Silver Prospect, SE Slovakia
Current Exploration Focus: Cejkov-Zemplin (“Zemplin”) Silver Prospect, SE Slovakia • New field season (northern hemisphere springtime) recently commenced • Drilling currently underway • Exploration success from first hole drilled : 3m intercept of massive & semi-massive sulphide (Galena rich) veinin
Slide 12: Operations – Currently Drilling Zemplin Silver Base Metals Zone
Operations – Currently Drilling Zemplin Silver Base Metals Zone 11 12
Slide 13: Operations – Zemplin Silver Base Metals Zone – Plan View
Operations – Currently Drilling Zemplin Silver Base Metals Zone – Plan View CZ series of three holes over 2019 Ionic Leach Soils sampling anomaly in background showing over 500m strike extent 12 13
Slide 14: Operations – Currently Drilling Zemplin Silver Base Metals Zone
Operations – Currently Drilling Zemplin Silver Base Metals Zone Significant zones intercepted in hanging and footwall as well as additional hanging wall and footwall zones 13
Slide 15: Hodrusa-Hamre
Disclaimer and Competent Person Statement Hodrusa-Hamre An underexplored historic multi-million ounce gold and silver field • Hodrusa-Hamre: Top Priority , Primary Exploration Focus • Underexplored: despite substantial historical production over 1,000 years producing an estimated 2.4 Moz Au and 120
Slide 16: Hodrusa-Hamre
Disclaimer and Competent Person Statement Hodrusa-Hamre An underexplored historic multi-million ounce gold and silver field 15
Slide 17: Hodrusa-Hamre Project – Anton prospect – Next to drill in Pipeline
Hodrusa-Hamre Project – Anton prospect- Next to drill in Pipeline • Targets preserved with water table noted to have stopped historic production • 17 rock chip samples averaged 8.6 g/t Au and 464 g/t Ag (up to 52.6 g/t Au) • No modern drilling • 20 drill pads permitted, 3D design check completed 16
Slide 18: Drilling to continue while awaiting Zemplin Results – Anton Drill Plan
Drilling to continue while awaiting Zemplin Results - Anton Drill Plan – High Grade Historic Zones sampled in situ Historical Mine Workings Permitted Drill Pads 5 17
Slide 19: Prospech Growth Pathway – Use of Funds – March to December 2021 Onwards
Prospech Growth Pathway – Use of Funds – March to December 2021 Onwards Drilling- Zemplin Ag (current) Drilling and Anton Au Ag resource model Krakauer Au Schopfer and LANF Ignac Bauch II Resource Drilling- Jasenie Zemplin Ag Bauch and Ignac III Au Drilling Hodrusa Drilling Ignac Drilling Bauch Scho
Slide 20: Key Summary Investment Highlights
Key Summary Investment Highlights • Current Enterprise Value only $9M • Company providing excellent leverage investment opportunity in sought after commodities upon exploration success • Multiple gold & silver targets ready to drill in a proven multi million ounce geological belt • Large scale & hig
Slide 21: Contacts
Contacts Jason Beckton j.beckton@prospech.com Peter Nightingale pnightingale@prospech.com.au Richard Edwards redwards@prospech.com.au Nicholas Downes nicholas.downes@pelotoncapital.com.au Prospech Limited: Phone 02 9300 3333 http://www.geo.sav.sk/en/structure-of-the-institute/laboratories/laboratory
Slide 22: Appendix 1 JORC Table including details of Zemplin Sulphide Intersections
Appendix 1 JORC Table including details of Zemplin Sulphide Intersections. Competent Person Statement The information in this Report that relates to Exploration Results, Exploration Targets and Mineral Resources is based on information compiled by Mr Jason Beckton, who is a Member of the Australian
Slide 23: JORC Code, 2012 Edition – Table 1 Slovakian Projects
JORC CODE, 2012 EDITION – TABLE 1 SLOVAKIAN PROJECTS ALL DRILLING ATRIBUTABLE TO PROSPECH LTD SINCE 2015 JASENIE PROJECT – KYSLA MINERAL RESOURCE – PROSPECH and GSSR (Geologicka Sluzba Slovenskej Republiky) Section 1: Reporting of Exploration Results Section 2: Sampling Techniques and Data Section 3
Slide 24: JORC Table 1 – Drilling Techniques
Criteria JORC Code explanation Commentary Drilling Drill type (eg core, reverse circulation, open-hole Diamond Drilling with PQ3, HQ3 and NQ3 core. techniques hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face
Slide 25: JORC Table 1 – Sample Analysis and Quality Control
Criteria JORC Code explanation Commentary determining the analysis including instrument each element when identified. Reported tungsten assays is assays were carried out by XRF methods – ME- make and model, reading times, calibrations XRF05 (pressed pellet) or ME-XRF12k (fused bead). factors applied
Slide 26: JORC Table 1 – Orientation and Sample Security
Criteria JORC Code explanation Commentary Whether the orientation of sampling achieves No bias is believed to be introduced by the sampling method. Orientation of unbiased sampling of possible structures and the data in relation extent to which this is known, considering the to geological deposi
Slide 27: Section 2 Reporting of Exploration Results
Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral Type, reference name/number, location and ownership Prospech Limited, through subsidiaries and contractual rights, holds 100% rights on the Hodrusa-Hamre tenement including agreements or material issues
Slide 28: JORC Table 1 – Drill Hole Information
Criteria JORC Code explanation Commentary Schopfer Mine. The sample of amethyst stockwork (EMR_L02921) returned 0.07 g/t Au and 4.4 g/t Ag however, the sample was taken from hanging wall of Schopfer vein exposed in cave-in and the vein was not mined in this part of the mine. Rozalia style - Ignac
Slide 29: Drill Hole Survey and Intercept Information
Criteria JORC Code explanation Commentary VS‐21 0 ‐60 60 0 60 Prospech drilling DH_Survey Hole_ID Depth Dip MAG_Azimuth UTM_Grid_ID UTM_Mag_Decl UTM_Azimuth CZDD001 0 ‐75 135 Prospech summary intercept and general sulphide information. Hole ID From To Lith Alteration Remark CZDD001 0 3.5 Soil Ox Soi
Slide 30: CZDD001 Log and Relationship Between Mineralisation Widths
CZDD001 136.5 151.5 Breccia Sil Moderate to strong sil/py/ill. Weak qz vt with minor sphalerite CZDD001 151.5 158.1 And Sil Medium grained porphyritic and. Weakly pyritized, weak qz/py vt CZDD001 158.1 159.95 Vein Sil Quartz breccia, with strong pyrite (20%), minor sphalerite, galenite, druzy amethy
Slide 31: Section 3 Estimation and Reporting of Mineral Resources
JORC Code explanation Commentary Criteria commercially sensitive. Section 3 Estimation and Reporting of Mineral Resources Criteria JORC Code explanation Commentary Database Measures taken to ensure that data has not been Data used in the Mineral Resource Estimate was provided in a validated Micr
Slide 32: JORC Table 1 – Estimation and Modelling Techniques
Criteria JORC Code explanation Commentary Estimation and The nature and appropriateness of the estimation The Mineral Resource estimate was based on surface diamond drilling, underground diamond drilling modelling technique(s) applied and key assumptions, including and underground channel sampli
Slide 33: JORC Table 1 – Mining Factors or Assumptions
Criteria JORC Code explanation Commentary Mining factors Assumptions made regarding possible mining Underground development of over 5km in cumulative length over the bulk of the orebody has already or assumptions methods, minimum mining dimensions and internal been completed which should result
Slide 34: JORC Table 1 – Bulk Density and Classification
Criteria JORC Code explanation Commentary Bulk Density The bulk density for bulk material must have been Bulk density determinations adopted the weight in air/weight in water method using a suspended or measured by methods that adequately account for hanging scale. The bulk density is calculated
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