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Close of 9 Nov 2026, in AUD
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About European Resources
Its shares trade on ASX under the ticker ERE.AX. It has been listed since 4 December 2020. In the fiscal year to 31 December 2022, it reported revenue of A$1,970 and a net loss of A$1.8m. At that date it held total assets of A$8.1m and shareholders' equity of A$7.7m.
Prospech Ltd. operates as a mining exploration company focused on gold and silver exploration with projects in Slovakia. The company is headquartered in Sydney, New South Wales. The company went IPO on 2020-12-04. The company is engaged in developing critical elements, such as rare earths, lithium, cobalt, copper, silver, and gold resources. The firm has a portfolio of 100% owned prospective cobalt and precious metals projects in Slovakia. The firm also operates Finland Projects, owning 51% interest in prospective rare earth element (REE) and lithium projects. The Company, through its subsidiaries Slovenske Kovy s.r.o. and Prospech Slovakia s.r.o., owns six exploration licenses. These exploration licenses include Kolba exploration license, Hodrusa-Hamre exploration license, Nova Bana exploration license, Pukanec exploration license, Jasenie exploration license, and Cejkov-Zemplin exploration license. The company also operates Jokikangas REE project, the Korsnas REE project, and Saarenkyla lithium project in Finland (Finland Projects).
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 4 Dec 2020
- Website
- prospech.com.au ↗
Leadership
Pay as last reported
- Mr. Thomas MannNon-Executive Chairman of the BoardA$201,978
- Mr. Jason BecktonChief Executive Officer, Director, since 2014A$427,305
- Mr. Peter NightingaleChief Financial Officer, Executive Director, since 2014A$263,305
- Mr. John LevingsExecutive Director, since 2016A$116,822
- Mr. Richard EdwardsCompany Secretary
- Mr. Stephen GemellNon-Executive Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- European Resources Ltd. owns 100% of Slovak cobalt and precious metals projects.
- The company operates six exploration licenses in Slovakia including Kolba and Hodrusa-Hamre.
- European Resources Ltd. holds 51% interest in Finland's rare earth and lithium projects.
Weaknesses
- The company's projects are concentrated in Slovakia and Finland with no other geographical diversification.
- European Resources Ltd. has no production yet from its exploration licenses.
- The company's IPO was in December 2020 with limited operational history.
Opportunities
- The global demand for critical elements like lithium and cobalt is rising steadily.
- European Resources Ltd. can expand its portfolio through new exploration licenses in Europe.
- The company can leverage Finland's REE and lithium projects for future production.
Threats
- Geopolitical tensions in Europe could disrupt mining operations in Slovakia and Finland.
- Fluctuating commodity prices may affect the profitability of rare earth elements and precious metals.
- Environmental regulations in Europe could increase operational costs for mining projects.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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