Prospech : Presentation to Annual General Meeting

onlyuse PROSPECH LIMITED ersonal

ABN 24 602 043 265

www.prospech.com.au

Gold & Silver Exploration Success

within the World Class Tethyan Mineral Belt

Annual General Meeting Presentation - 30 May 2022

ASX Code: PRS

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 onlymarkets. Unless otherwise indicated, such information is based on the Company's analysis of such information. Accordingly, the accuracy and completeness of such information is not guaranteed. There is no

assurance that any of the forecasts or projections contained in the presentation will be achieved. Forecasts and projections involve risks and uncertainties and are subject to change based on various factors. You should note that market data and statistics are inherently predictive and subject to uncertainty and not necessarily reflective of actual market conditions.

Certain statements in this presentation constitute forward looking statements and comments about future events, including the Company's expectations about the performance of its businesses. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward looking statement. Subject to any continuing obligations under applicable law the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements in this presentation to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based.

This presentation contains only limited financial information in relation to the Company. More detailed financial information in relation to pro forma historical financial information and forecast and the basis

useon which it is prepared and presented will be provided in the prospectus for the Offer. Financial information contained in this presentation must be read together with that information once it has been

distributed. Any pro forma historical financial information contained in this presentation has been derived from the audited financial statements of the Company and had been adjusted for certain items including non-recurring items.

It is a condition of you receiving this presentation that it is to be kept confidential and will not be reproduced, copied or circulated, in whole or in part, to any third party without the express written consent

of the directors of the Company or the Lead Manager. By receiving this presentation, you agree and acknowledge that the document and its contents are confidential and should not be distributed, published or reproduced in whole or in part or disclosed directly or indirectly to any other person.

Competent Person's Statement

The information in this investor presentation that relates to Exploration Results, Exploration Targets and Mineral Resources of the Company has been reviewed by Jason Beckton, who is a member of The ersonalAustra ian Institute of Geosciences. Matthew Houston has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which they are

undert king to qualify as an Expert and Competent Person as defined under the VALMIN Code and in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'.

An Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade, relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource. The potential quantity and grade of the Exploration Target is conceptual in nature, there has been i sufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. To ascertain the existence or otherwise of Mineral Res urces according to the guidelines of the 2012 edition of the JORC CODE, will require additional drilling which is intended to be carried out over the next two to five years.

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Key Investment Highlights

ersonal use only

• 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 investment
• Hodrusa-Hamre
• • Historic production 2.4 Moz Au and 120 Moz Ag -120 known epithermal veins some reaching up to 6 kilometres
  • Significant geological breakthrough - high grade operating Rozalia Mine mineralisation controlled by a Low Angle
    Normal Fault ('LANF') mainly on Prospech's licence
  • Drilling planned for LANF targets and Schopfer prospect in the mid year summer season
• Cejkov-Zemplin
• • The 2022 field season commenced with drilling completed to extend currently known high grade intercepts including previously announced 1,220 over 0,5m for CZDD004.
• Mix of brownfields and greenfields drill ready targets
• • Brownfields: drill ready targets under and along strike of historical high-grade workings (Schopfer, LANF)
  • Greenfields: drilling to target recent surface visible gold silver discoveries (Pukanec)
• Experienced management team - Track record in epithermal projects

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Corporate & Capital Structure and Board & Management Team

2020 IPO: ASX PRS - Listed 4 December 2020. Raised $5m. $1.5m exploration expenditure planned on drilling over next year

Shares on Issue: 88.3m onlyOptions on Issue: 17.0m

Share Price: $0.042

Market Capitalisation (fully Dil.): $4.0m

Enterprise Value:$3.0m

Chairman - Tom Mann

Managing Director - Jason Beckton

Executive Director - Peter Nightingale

Executive Director - John Levings

Non Executive - Stephen Gemell

ersonal use

Micro diamond drilling Schopfer prospect - Hodrusa project.

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Disclaimer and Competent Person Statemen

Projects located within the prolifically well endowed Tethyan Mineral Belt

ersonal use only

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