Prospech Limited announced exploration activities planned for its expanded portfolio of European critical minerals projects following its recent earn-in acquisition of 100% of Finnish company Bambra Oy, which has lithium and rare earth element exploration projects in Finland. Prospech believes the brownfield targets of Jokikangas, Korsnas and Saarenkylä in Finland will provide an entry point to the REE and lithium market in Europe at a time when the EU is focused on building its own critical minerals supply chain. The Finnish projects feature targets which have been explored and prepared since 2018 and add to the Company's portfolio of six underexplored precious metals projects in Slovakia.

Access to rich databases will result in cost effective exploration with walk up drill targets and, as such, generate a strong pipeline of results. After completing a $1.5 million Share Placement as part of a $2.5 million equity raising (including a Rights Issue to raise up to $1.0 million (which closes on 6 April 2023), Prospech has planned activities across its portfolio over the coming months to accelerate its exploration, including: Commencement of drilling at the Kolba cobalt-copper-silver-nickel system in Slovakia. Resampling of selected drill core from Korsnas REE and Jokikankas REE in April in Finland.

Field sampling lithium targets at Saarenkylä when conditions permit late April.