PRS: Completion of 51% Acquisition of Bambra Oy

PROSPECH LIMITED.

• Prospech Limited has completed the acquisition of a 51% interest in Bambra Oy, a Finnish company owning three significant mineral projects; the Korsnas and Jokikangas rare earth element projects, and the Saarenkylä lithium project.
• The acquisition was earned through exploratory expenditures on the projects and the issuance of 1.5 million Prospech shares. Prospech also holds exclusive rights to fully acquire Bambra with additional expenditure and share issuance.
• The acquisition has sharpened the focus of Prospech's exploration activities on minerals declared to be critical by the European Union, including rare earth elements, lithium, and other critical minerals, reinforcing the EU’s objective of self-determination in these resources.

2023-07-03 10:10:00

PRS: Drilling Commences at Kolba Cu-Co-Ni-Ag Target, Slovakia

PROSPECH LIMITED.

• Prospech commenced diamond drilling operations at untested Kolba target in Slovakia on 16 June 2023, planning a minimum of 8 holes.
• Historical mining activities and recent surface sampling revealed high-grade assay results for copper, nickel, cobalt, and silver.
• Government data indicates a target strike of 2.0km within Prospech's licence and an additional 2.7km extension westward in their pending licence application.

2023-06-19 10:05:00

PRS: Rare Earth Zones Identified in Historic Korsnas Drill Core

PROSPECH LIMITED.

• Inspection of historic drill core at the Korsnäs Project in Finland has identified potential Rare Earth Element (REE) mineralised carbonatite zones.
• Prospech's geologists collected 65 ½-core samples and submitted them for analysis, with plans for further sampling.
• The nearby Korsnäs lead mine's tailings storage facility (TSF) is considered a potential target for REE exploration, with an estimated volume of 0.57 million cubic meters.

2023-05-11 09:13:00

PRS: HIGH-GRADE RARE EARTH OXIDES OVER 4KM STRIKE AT JOKIKANGAS

PROSPECH LIMITED.

• Prospech identifies high-grade rare earth oxides and hafnium over a 4km strike at Jokikangas Project in Finland.
• Drill core sampling reveals significant TREO and Niobium intercepts in diamond drill hole samples.
• Prospech expands the Jokikangas project to cover open ground with reported vanadium mineralisation.

2023-04-11 10:42:00

PRS: Acceleration of European REE and Lithium Exploration

PROSPECH LIMITED.

• Prospech is planning drilling and sampling activities across its European critical mineral projects.
• The company recently acquired Bambra Oy to earn 100% interest in three Finnish projects.
• Prospech's exploration program aligns with the EU's target for critical raw materials production.

2023-03-23 10:35:00

PRS: $2.5M Equity Raising for EU Critical Minerals Exploration

PROSPECH LIMITED.

• Prospech Limited is raising $2.5 million through Placement and Entitlement Offer.
• The funds raised will be used to advance exploration of its Kolba copper-cobalt project in Slovakia and Bambra lithium-REE projects in Finland.
• Prospech is pursuing a potential dual listing on the Frankfurt Stock Exchange to access European capital markets.

2023-03-17 09:53:00

PRS: Lithium-REE Projects in Finland and Expansion of Kolba

PROSPECH LIMITED.

• Prospech is focusing on European critical minerals preparation for Kolba drilling
• Agreement reached to earn up to 100% of Finnish company Bambra Oy with lithium and rare earth element exploration projects
• Prospech has submitted applications to extend Kolba exploration licence area and identified drill targets

2023-03-15 10:04:00

PRS: High Grade Copper-Cobalt-Silver Results from Kolba

PROSPECH LIMITED.

1. Maximum results are 4.5% copper, 1,785 ppm cobalt and 796 g/t silver
2. Average results are 1.9% copper, 622 ppm cobalt and 106 g/t silver
3. Exploration potential open along strike

2023-01-17 09:10:00