Proactiveinvestors United Kingdom Europa Metals Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Europa Metals Ltd RSS feed en Tue, 23 Jul 2019 17:02:32 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Europa Metals team discuss drill campaign and latest hole TOD 23 at Toral project ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/14110/europa-metals-team-discuss-drill-campaign-and-latest-hole-tod-23-at-toral-project-14110.html Tue, 16 Jul 2019 15:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/14110/europa-metals-team-discuss-drill-campaign-and-latest-hole-tod-23-at-toral-project-14110.html <![CDATA[Media files - Europa Metals successfully hits target zone at Toral with second hole ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/14060/europa-metals-successfully-hits-target-zone-at-toral-with-second-hole-14060.html Thu, 11 Jul 2019 10:46:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/14060/europa-metals-successfully-hits-target-zone-at-toral-with-second-hole-14060.html <![CDATA[News - Europa Metals hits target area with second drill hole and begins third ]]> https://www.proactiveinvestors.co.uk/companies/news/223719/europa-metals-hits-target-area-with-second-drill-hole-and-begins-third-223719.html Europa Metals Ltd (LON:EUZ) has completed a second drill hole at its Toral lead-zinc-silver project in Spain and has begun to drill a third.

After a first hole was terminated early, the second hole is the first in the campaign to successfully exceed the 750m target depth, with the core now sent off to a laboratory for assay.

READ: Europa Metals updates on Toral drilling as first hole terminates early

With the company looking to replicate the un-assayed results encountered in a historic hole drilled in 1984, a third hole at Toral was begun on Monday, given the name TOD-023.

Located at the centre of the previously defined high grade area of the deposit, the third hole is “significant in terms of defining a potential indicated resource”, the company said.

Toral’s lead, zinc and silver mineralisation currently comprises at least two, possibly three, plunging high-grade shoots, which are long seams of mineral-bearing rock, TOD-023 will help establish the size and shape of the shoots.

“TOD-023 has three clear objectives,” said executive director Laurence Read, “i) recovery of a significant metallurgical sample for metallurgical testwork to determine concentrate product types; ii) to assist with the definition of an initial Indicated resource estimate; and iii) to increase our understanding of how the high grade ore shoots behave and what the relationships might be between the structures as they come to surface."

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Thu, 11 Jul 2019 07:36:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223719/europa-metals-hits-target-area-with-second-drill-hole-and-begins-third-223719.html
<![CDATA[RNS press release - Drilling Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190711070006_14144293/ Thu, 11 Jul 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190711070006_14144293/ <![CDATA[News - Europa Metals updates on Toral drilling as first hole terminates early ]]> https://www.proactiveinvestors.co.uk/companies/news/222050/europa-metals-updates-on-toral-drilling-as-first-hole-terminates-early-222050.html Europa Metals Ltd (LON:EUZ) told investors that the first hole in the drill programme at the Toral lead-zinc-silver project, in Spain, has been terminated early and its contractor has now begun the next hole.

The first hole, tagged TOD-021, was terminated at the company’s instruction due to a substantial deviation in trajectory, away from the targeted zone.

WATCH: Europa Metals showcases Toral project as drilling gets underway

The drill contractor cut off at a depth of 652 metres. The upper zone of mineralisation was intersected, albeit above the targeted high-grade zone, so TOD-021 won’t be used for metallurgical sampling. Nevertheless, the mineralisation that was encountered will be assayed in due course.

Europa said it has begun a performance review with the contractor.

Drilling is now underway in the second hole, TOD-022, which is targeting the high grade zone and will have a 750 metre target depth. The hole is due to be complete before the end of July.

“Our objectives from this ongoing drill campaign continue to be the retrieval of a significant mineralised sample for metallurgical testwork, in order to determine concentrate product types, and the definition of an initial indicated resource estimate for the project," said Laurence Read, Europa executive director.

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Thu, 13 Jun 2019 09:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222050/europa-metals-updates-on-toral-drilling-as-first-hole-terminates-early-222050.html
<![CDATA[RNS press release - Drilling Update for the Toral Project, Spain ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190613080002_14109492/ Thu, 13 Jun 2019 08:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190613080002_14109492/ <![CDATA[Media files - Europa Metals showcases Toral project as drilling gets underway ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13459/europa-metals-showcases-toral-project-as-drilling-gets-underway-13459.html Thu, 23 May 2019 13:53:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13459/europa-metals-showcases-toral-project-as-drilling-gets-underway-13459.html <![CDATA[News - Europa Metals zips higher as it kicks off drilling at Toral zinc project ]]> https://www.proactiveinvestors.co.uk/companies/news/220331/europa-metals-zips-higher-as-it-kicks-off-drilling-at-toral-zinc-project-220331.html Drilling is underway at Europa Metals Limited’s  (LON:EUZ) Toral lead-zinc-silver project in northern Spain.

The first hole in the drill programme has a target depth of 750 metres, and will look to intersect a high-grade core of mineralisation, as defined within the existing inferred resource.

READ: Europa ready to start drilling at Toral

The idea is to increase Europa’s understanding of Toral and to move the resource category up from inferred to indicated.

Europa also wants to obtain a significant sample for metallurgical testwork by independent consultants to determine the potential composition of any concentrate produced from Toral. This information will then be used to assist process plant design and in discussions with potential offtake parties.

Addison Mining Services Limited (AMS) has been retained to carry out a revised independent resource update in accordance with JORC standards once the campaign has been concluded.

Europa shares zipped 12.3% higher on the back of the news to 0.017p.

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Wed, 15 May 2019 14:25:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220331/europa-metals-zips-higher-as-it-kicks-off-drilling-at-toral-zinc-project-220331.html
<![CDATA[RNS press release - Commencement of drilling at the Toral Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190515130001_14075228/ Wed, 15 May 2019 13:00:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190515130001_14075228/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190514172310_14073901/ Tue, 14 May 2019 17:23:10 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190514172310_14073901/ <![CDATA[News - Europa Metals all set to restart drilling at Toral ]]> https://www.proactiveinvestors.co.uk/companies/news/220101/europa-metals-all-set-to-restart-drilling-at-toral-220101.html Europa Metals Ltd(LON:EUZ) will commence drilling at the Toral zinc project in Spain within five days, following the mobilisation of a rig to site.

The drilling programme aims to drill into the high grade core of the project, as defined within the existing inferred resource.

WATCH: Europa Metals' Laurence Read updates on Toral exploration and ASX de-listing

The idea is to increase Europa’s understanding of Toral and to move the resource category up from inferred to indicated.

The drilling will also obtain a significant sample for metallurgical testwork by independent consultants to determine the potential composition of any concentrate produced from Toral. This information will be used to assist process plant design and in discussions with potential offtake parties.

Addison Mining Services Limited ("AMS") has been retained to carry out a revised independent resource update in accordance with JORC standards once the campaign has been concluded.

"The aim of the diamond drilling into the high grade core of Toral is to upgrade the resource from its existing inferred categorisation and to determine the metallurgical characteristics of Toral,” said chief executive Laurence Read.

“Over the next two quarters  we are expecting to announce the results from the drilling, an updated JORC resource, and details of the likely product types that can be produced from Toral. Taken together, we believe that these key milestones will allow us to advance the processing design and commence discussions with potential offtakers."

 

 

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Mon, 13 May 2019 07:27:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220101/europa-metals-all-set-to-restart-drilling-at-toral-220101.html
<![CDATA[RNS press release - Rig mobilised to site - Toral Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190513070004_14070630/ Mon, 13 May 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190513070004_14070630/ <![CDATA[News - Europa Metals builds knowledge base at Toral project in Spain ]]> https://www.proactiveinvestors.co.uk/companies/news/219379/europa-metals-builds-knowledge-base-at-toral-project-in-spain-219379.html  

How is it doing

Toral numbers

The scoping study projected an internal rate of return (IRR) or 24.4% with total capital expenditure put at US$110mln.

Plans in 2019 include an infill drilling campaign; completion of the first metallurgical test work programme; commencement of environmental studies and hydrogeological characterisation.

The study was based on a previous JORC compliant resource estimate comprising 16 million tonnes in the Inferred category, equating to 640,000 tonnes of zinc, 510,000 tonnes of lead and 13 million ounces of silver.

Raised £960,000 in March to fund resource definition drilling.

 

What the boss says: Laurence Read

"Toral is demonstrating itself to be a highly robust lead, zinc and silver project located in a first world jurisdiction.”

"Fundraising allows Europa Metals to move its Toral project forward, with the planned commencement of a diamond drilling campaign into the high-grade core of Toral.

"The programme will allow the company to increase its understanding of the high-grade lead, zinc and silver content at the centre of Toral in addition to obtaining fresh metallurgical samples which could then be used for pre-marketing of the Toral concentrate."

 

Video

 

Inflexion points

Resource definition drilling to identify characteristics of metals in the concentrate

Drilling later in the year in high-grade areas alongside metallurgical work to upgrade resource to indicated status

Currently, mapping and re-logging core

Changes to regulations governing the use of land for mining in north-west Spain’s Castilla y Leon region can give a boost to Toral

Recently shifted primary listing to AIM from ASX to reflect focus on Europe and where shareholders are largely based. Europa still has listing on Johannesburg’s AltX market.

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Tue, 30 Apr 2019 14:13:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219379/europa-metals-builds-knowledge-base-at-toral-project-in-spain-219379.html
<![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190417170001_14045277/ Wed, 17 Apr 2019 17:00:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190417170001_14045277/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190329164054_14022133/ Fri, 29 Mar 2019 16:40:54 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190329164054_14022133/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190329163553_14022120/ Fri, 29 Mar 2019 16:35:53 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190329163553_14022120/ <![CDATA[News - Europa Metals raises £1mln to push ahead with Toral project ]]> https://www.proactiveinvestors.co.uk/companies/news/217528/europa-metals-raises-1mln-to-push-ahead-with-toral-project-217528.html Spain-focused junior miner Europa Metals Ltd (LON:EUZ) has raised just short of £1mln to fund metallurgy and resource drilling at its Toral lead, zinc and silver project.

The new equity will account for 53.4% of the enlarged share capital.

READ: Europa Metals sees changes in land use rules as positive for Toral development

Europa Metals said the drilling will allow it to define the separation characteristics of metal concentrate products for the first time.

The group yesterday welcomed changes to regulations governing the use of land for mining in north-west Spain’s Castilla y Leon region.

“The new law provides Europa Metals with a clear path to progress Toral into potential future mine development working, within the requisite new regulations," said Laurence Read, executive director.

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Fri, 29 Mar 2019 12:09:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/217528/europa-metals-raises-1mln-to-push-ahead-with-toral-project-217528.html
<![CDATA[RNS press release - Equity Fundraise, Issue of Warrants & Joint Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190329113003_14021551/ Fri, 29 Mar 2019 11:30:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190329113003_14021551/ <![CDATA[News - Europa Metals sees changes in land use rules as positive for Toral development ]]> https://www.proactiveinvestors.co.uk/companies/news/217399/europa-metals-sees-changes-in-land-use-rules-as-positive-for-toral-development-217399.html Europa Metals Ltd (LON:EUZ) has welcomed changes to regulations governing the use of land for mining in north-west Spain’s Castilla y Leon region.

“The new law provides Europa Metals with a clear path to progress Toral into potential future mine development working, within the requisite new regulations," said Laurence Read, executive director.

Case-by-case consideration

Instead of a municipal consultation process, mining projects will now be considered on a case by case basis and assessed on environmental and other stakeholder factors.

Europa’s main project, the lead, zinc and silver deposit at Toral, is situated in Castilla y Leon and Read said the official bulletin was a positive step that had outlined a clear application route for the mine’s development.

As part of the legislative change, energy-based and mining projects have been split into two different groups.

Read added: "This change to the relevant land use legislation establishes a responsible framework for assessing appropriate mine developments compatible with urban planning in the region.”

Shares rose 13% to 0.02p.

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Thu, 28 Mar 2019 08:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/217399/europa-metals-sees-changes-in-land-use-rules-as-positive-for-toral-development-217399.html
<![CDATA[RNS press release - Change in Spanish Legislation re Mining Land Use ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190328070010_14018647/ Thu, 28 Mar 2019 07:00:10 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190328070010_14018647/ <![CDATA[News - Europa Metals focused on drilling to upgrade Toral resource ]]> https://www.proactiveinvestors.co.uk/companies/news/216542/europa-metals-focused-on-drilling-to-upgrade-toral-resource-216542.html Toral project developer Europa Metals Limited (LON:EUZ) will focus during the remainder of 2019 on upgrading the resource at the project in Spain.

Subject to funding, plans are for an infill drilling campaign targeting the high-grade core of the deposit.

READ: Europa Metals releases full scoping study economics for Toral project

Europa published a scoping study for Toral this week, which put an NPV on the project in Castilla y León, north-west Spain of US$110mln using a discount rate of 8%. The study projected an internal rate of return (IRR) or 24.4% with an estimated capital expenditure requirement of US$33mln for a proposed 450,000 tonnes a year design capacity plant. Total capital expenditure for the project is an estimated US$110mln.

Europa spent A$958,000 on exploration in the last six months, which contributed to interim losses rising to A$1.53mln.

 

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Fri, 15 Mar 2019 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216542/europa-metals-focused-on-drilling-to-upgrade-toral-resource-216542.html
<![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190315071502_14003662/ Fri, 15 Mar 2019 07:15:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190315071502_14003662/ <![CDATA[News - Europa Metals releases full scoping study economics for Toral project ]]> https://www.proactiveinvestors.co.uk/companies/news/216167/europa-metals-releases-full-scoping-study-economics-for-toral-project-216167.html Europa Metals Limited (LON:EUZ), the lead-zinc explorer, said the full independent scoping study of its wholly owned Toral project has been completed.

The study puts a net present value (NPV) on the project, which is located in the Castilla y León region of Northwest Spain, of US$110mln using a discount rate of 8%.

DOWNLOAD:  December 2018 scoping study and updated mineral resource estimate for Toral

The study projects an internal rate of return (IRR) or 24.4% with an estimated capital expenditure requirement of US$33mln for a proposed 450,000 tonnes a year design capacity plant. Total capital expenditure for the project has been put at US$110mln.

On the operating expenditure (OPEX) front, the study works on the basis of a US$25 per tonne indicative OPEX processing cost at steady state conditions and US$36 per tonne indicative OPEX mining cost using mechanised cut and fill.

Subject to funding, the company's plans for the Toral project in 2019, include an infill drilling campaign; completion of the first metallurgical test work programme; commencement of environmental studies and hydrogeological characterisation.

"Toral is demonstrating itself to be a highly robust lead, zinc and silver project located in a first world jurisdiction,” said Laurence Read, executive director of Europa Metals.

“By building a mining model around the zinc, lead and silver high-grade core of the Toral deposit, a US$110 million NPV has been estimated using conservative parameters with a project IRR of 24.4%, anticipating payback from the first production within four years, operating within the first world mining jurisdiction of Spain,” he added."

Myles Campion, the technical director of Europa Metals, said the work completed by the company's technical team should not be underestimated.

“We successfully established a new team in Spain that has worked exceptionally well together and with our independent consultants. They have taken our understanding of Toral to a new level through the application of a fundamental geological approach of reviewing, assessing and re-logging over 30,000m of core and applying modern techniques,” Campion said.

“We also accomplished a highly detailed and robust scoping study and I am pleased that we can today publish the economics. I now look forward to progressing the project further with a clear focus on development at the earliest opportunity," he added.

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Mon, 11 Mar 2019 08:19:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216167/europa-metals-releases-full-scoping-study-economics-for-toral-project-216167.html
<![CDATA[RNS press release - Scoping Study Economics for the Toral Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190311070008_13996468/ Mon, 11 Mar 2019 07:00:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190311070008_13996468/ <![CDATA[RNS press release - Removal from the Official List of the ASX ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190308073002_13995262/ Fri, 08 Mar 2019 07:30:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190308073002_13995262/ <![CDATA[RNS press release - Approval for commencement of trading on the AltX ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190222090004_13978621/ Fri, 22 Feb 2019 09:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190222090004_13978621/ <![CDATA[News - Mining quarterly round-up: Europa Metals, Salt Lake Potash, Kore Potash, Thor MIning... ]]> https://www.proactiveinvestors.co.uk/companies/news/213714/mining-quarterly-round-up-europa-metals-salt-lake-potash-kore-potash-thor-mining-213714.html An environmental study and drilling potential high grade areas are among Europa Metals Ltd’s (LON:EUZ) key objectives for 2019 at Toral in Spain. A first diamond drill campaign in 2018 indicated lead and zinc in all holes including one unexpectedly high grade intersection near to surface.

“An intriguing copper result was also returned for the TOD-020 hole requiring further assessment,” said Laurence Read, executive director. Europa is delisting from the Australian Stock Exchange with AIM to become its primary listing.

Thor Mining PLC's (LON:THR) cash position remains 'sound', with forecast activities fully financed until late 2019, having raised £581,000 from the exercise of warrants during the quarter.

Kore Potash PLC (LON:KP2) expects the consortium of French firms that put together the DFS for the Kola potash project in Congo Brazzaville to submit a proposal (EPC) to build the mine this quarter. At end December 2018, Kore had US$6.2mln cash in the bank.

Salt Lake Potash Ltd (LON:SO4) is already producing substantial volumes of potassium harvest salts from trials at Lake Way. A start to construction of the Williamson Ponds is also imminent and they will be the first operational scale Sulphate of Potash (SOP) evaporation ponds built on a salt lake in Australia. Cash at end December was A$12mln.

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Thu, 31 Jan 2019 10:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213714/mining-quarterly-round-up-europa-metals-salt-lake-potash-kore-potash-thor-mining-213714.html
<![CDATA[RNS press release - Quarterly Activities and Cashflow Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190131070002_13952629/ Thu, 31 Jan 2019 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190131070002_13952629/ <![CDATA[News - Europa Metals' primary listing to become London’s AIM after unveiling plans to be de-listed from Australia’s ASX ]]> https://www.proactiveinvestors.co.uk/companies/news/213360/europa-metals--primary-listing-to-become-londons-aim-after-unveiling-plans-to-be-de-listed-from-australias-asx-213360.html Europa Metals Limited (LON:EUZ) has said its primary listing is expected to become London Stock Exchange’s AIM market after unveiling plans to de-list from Australia’s ASX.

The European lead-zinc explorer said it has submitted a formal application requesting the removal of the company from the ASX official list.

WATCH: Europa Metals' Laurence Read updates on Toral exploration and ASX de-listing

It added: “Following due consideration and in order to streamline the Company's listing and compliance costs, the Directors of Europa Metals have resolved that the continued listing of the Company's securities on the Official List is no longer in the best interests of the Company and its shareholders.”

The group said it has also made an application to move from the main board of the Johannesburg Stock Exchange (JSE) to the AltX.

Consequently, the group added, Europa Metal's primary listing is expected to become London’s AIM market.

Europa Metals said that, since its ordinary shares were admitted to trading on AIM on 15 December 2010, the London market has become the more dominant exchange for the company with approximately 83% of the group’s listed securities being traded on AIM.

It noted that trading on the JSE accounts for approximately 6.3%, with the remaining 10.7% of the company's securities traded via ASX.

In afternoon trading in London, Europa Metal’s shares were 5.1% higher at 0.04p.

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Fri, 25 Jan 2019 14:25:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213360/europa-metals--primary-listing-to-become-londons-aim-after-unveiling-plans-to-be-de-listed-from-australias-asx-213360.html
<![CDATA[Media files - Europa Metals' Laurence Read updates on Toral exploration and ASX de-listing ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11988/europa-metals--laurence-read-updates-on-toral-exploration-and-asx-de-listing-11988.html Fri, 25 Jan 2019 11:44:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11988/europa-metals--laurence-read-updates-on-toral-exploration-and-asx-de-listing-11988.html <![CDATA[RNS press release - Application for Removal from the ASX ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190125070003_13946319/ Fri, 25 Jan 2019 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190125070003_13946319/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190107140603_13926232/ Mon, 07 Jan 2019 14:06:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190107140603_13926232/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190107140039_13926226/ Mon, 07 Jan 2019 14:00:39 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20190107140039_13926226/ <![CDATA[Media files - Europa Metals reports "promising results" from drilling at Toral project ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11680/europa-metals-reports--promising-results--from-drilling-at-toral-project-11680.html Thu, 20 Dec 2018 10:45:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11680/europa-metals-reports--promising-results--from-drilling-at-toral-project-11680.html <![CDATA[News - Europa Metals reports "promising results" from drilling at Toral project ]]> https://www.proactiveinvestors.co.uk/companies/news/211545/europa-metals-reports--promising-results--from-drilling-at-toral-project-211545.html Europa Metals Ltd (LON:EUZ) said phase two drilling at its Toral lead, zinc and silver project in Spain has shown “promising results”.

Three infill diamond drill holes all intersected lead, zinc and silver mineralisation at a depth of 300m of the topographic surface. The results confirmed block model grade and thickness.

WATCH: Europa Metals' Laurence Read updates on Toral exploration and ASX de-listing

Drilling intercepted copper mineralisation within 280 meters of the surface. The TOD-020 drill hole returns 0.68% copper at 3m, including 1m at 1.34% copper. Europa said this level of copper was not expected within the deposit so near to surface. The group plans to carry out follow up work to identify controls and extent of copper mineralisation.

Drilling was completed on budget and to schedule.

READ: Europa Metals delivers robust scoping study for Toral

"Our limited, focused drill programme has given us promising results, confirming the block model results and geological theory of increasing grade with depth,” said Myles Campion, technical director of Europa Metals.

“I look forward to 2019 and expanding the infill drilling into the deeper, high-grade core of Toral."

The Phase II drilling is focused within the existing resource area to fill in gaps within the historic drill patterns.

The next step of the Phase II programme is likely to target high grade inferred resource areas below about 400m from the surface with the aim of advancing the Toral project towards a feasibility study.

Toral hosts a mineral resource estimate of 16 million tonnes at 7.5% zinc equivalent, 3.9% zinc, 3.1% lead and 24 grams per tonne of silver equating to 640,000 tonnes of zinc, 510,000 tonnes of lead and 13 million ounces of silver.

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Thu, 20 Dec 2018 07:42:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211545/europa-metals-reports--promising-results--from-drilling-at-toral-project-211545.html
<![CDATA[RNS press release - Phase II Drilling Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181220070005_13910584/ Thu, 20 Dec 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181220070005_13910584/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181217164022_13906766/ Mon, 17 Dec 2018 16:40:22 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181217164022_13906766/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181217163537_13906751/ Mon, 17 Dec 2018 16:35:37 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181217163537_13906751/ <![CDATA[Media files - Europa Metals releases results of scoping study ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11565/europa-metals-releases-results-of-scoping-study-11565.html Mon, 10 Dec 2018 14:44:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11565/europa-metals-releases-results-of-scoping-study-11565.html <![CDATA[News - Europa Metals delivers robust scoping study for Toral ]]> https://www.proactiveinvestors.co.uk/companies/news/210860/europa-metals-delivers-robust-scoping-study-for-toral-210860.html Europa Metals Ltd (LON:EUZ)(ASX:EUZ) has released results of a scoping study carried out on its Toral lead-zinc-silver project in Spain.

The study considered three conceptual underground mining development and production scenarios for Toral and concluded that a decline access ramp with a high-grade focus would be an optimal path to development.

WATCH: Europ a Metals Ltd - Proactive Investors Mining Capital Conference November 2018

This would involve a mechanised cut and fill, an entry to mine via a principal decline, a series of internal mining inclined ramps constructed to access levels, with the ore transported to a flotation process plant by conveyor or haul truck and crushed for milling.

The milled ore would be floated by standard flotation technology to provide two products: lead and zinc concentrate. 

The company now plans to move a significant component of the existing JORC resource up to the indicated category, to allow for a more public appreciation of the economic potential.

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Mon, 10 Dec 2018 09:26:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210860/europa-metals-delivers-robust-scoping-study-for-toral-210860.html
<![CDATA[RNS press release - Scoping Study Results & Revised Resource Estimate ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181210070005_13896675/ Mon, 10 Dec 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181210070005_13896675/ <![CDATA[Media files - Europa Metals Ltd - Proactive Investors Mining Capital Conference November 2018 ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11409/europa-metals-ltd---proactive-investors-mining-capital-conference-november-2018-11409.html Mon, 03 Dec 2018 13:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11409/europa-metals-ltd---proactive-investors-mining-capital-conference-november-2018-11409.html <![CDATA[RNS press release - Forthcoming Investor Presentation Events ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181128121502_13883802/ Wed, 28 Nov 2018 12:15:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181128121502_13883802/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181105070006_13854142/ Mon, 05 Nov 2018 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181105070006_13854142/ <![CDATA[Media files - Four hits out of four illustrates potential at Europa Metals' Toral project ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11056/four-hits-out-of-four-illustrates-potential-at-europa-metals-toral-project-11056.html Wed, 31 Oct 2018 10:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11056/four-hits-out-of-four-illustrates-potential-at-europa-metals-toral-project-11056.html <![CDATA[News - Europa Metals surges as recent drilling programme confirms extension of the Toral deposit ]]> https://www.proactiveinvestors.co.uk/companies/news/208217/europa-metals-surges-as-recent-drilling-programme-confirms-extension-of-the-toral-deposit-208217.html Europa Metals Limited (LON:EUZ) has hailed the results of the said Phase I drilling programme at its Toral project in Spain.

The reverse circulation (RC) drilling programme performed at the eastern end of the Toral deposit successfully confirmed both the extension of the deposit and the continuity of the mineralised structure at the eastern margin of the resource.

WATCH: Four hits out of four illustrates potential at Europa Metals' Toral project

The shares rose 4.8% to 0.11p in the first hour of trading after the release of the drilling update.

Significant intersections were returned from each of the four RC drill holes, as detailed below:

Hole ID

Northing

Easting

RL (m)

Azi

Dip

Depth

(m)

From

To

Width (m)*

Pb %

Zn %

Ag (ppm)

Zn Equiv (PbAg)%

TOR-14

4708695

683496

530

29

-45

290

251

253

2

2.39

8.66

34.9

11.72

TOR-15

4708701

683643

532

25

-44

242

220

221

1

1.06

2.95

7.4

4.13

TOR-16

4709127

683390

664

208

-47

310

278

279

1

1.3

0.28

4.3

1.62

TOR-17

4709146

683299

649

209

-45

267

249

250

1

0.39

1.12

9.3

1.69


Europa Metal's geological team appears to be particularly intrigued with the results of the TOR-14 drill hole, which returned two metres at 11.72% zinc equivalent from 251-253 metres below the surface. This level of grade was not anticipated within 300 metres of surface and the company is analysing how this assay result affects its understanding of the new eastern extension of the mineralised zone.

Management very happy with the outcome of the drilling programme

"Our RC drilling programme has efficiently and effectively increased the footprint of the Toral Project by an additional 200m to the east and has further delineated the contact zone in an under drilled area. The programme has also been a very useful exercise in bedding down and refining operating procedures and systems as we proceed with our Phase II diamond drilling programme,” declared Myles Campion, the technical director of Europa Metals.

"This new assay data and geological data will add to our growing geological understanding of the deposit, and when combined with our recent re-logging exercise and ongoing mapping, will further direct our focus on maximising value for our promising Toral Project," he added.

Laurence Read, the executive director of Europa Metals, was similarly effusive.

"The first full drill campaign to be undertaken by the company's new geological team outside of the pre-existing defined resource area has successfully achieved a 100% strike rate for lead, zinc and silver mineralisation at the Toral project confirming continuity of prospective metal along strike,” he said.

“The drilling conducted outside of the known pre-existing JORC (2012) resource area demonstrates that the future potential for the project is not just in relation to its comparatively high grade (6.9% zinc equivalent), currently defined across the 19Mt [million tonnes] inferred resource estimate, but also in respect of the on-going delineation of an underlying ore body present within the licence area," Read added.

Meanwhile, the company relinquished all rights to the Lago lead-zinc licences located in the province of Galicia, Spain.

The company continues to believe that the area is highly prospective for lead-zinc but both the size and location of the Lago licence areas does not justify and support incurring maintenance and exploration expenditure at this time.

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Wed, 31 Oct 2018 09:24:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/208217/europa-metals-surges-as-recent-drilling-programme-confirms-extension-of-the-toral-deposit-208217.html
<![CDATA[RNS press release - Quarterly Activities and Cashflow Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181031070504_13848600/ Wed, 31 Oct 2018 07:05:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181031070504_13848600/ <![CDATA[RNS press release - Drilling Update - Toral Project, Spain ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181031070005_13848504/ Wed, 31 Oct 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181031070005_13848504/ <![CDATA[News - Europa Metals narrowing its focus at Toral as it embarks on diamond drilling programme ]]> https://www.proactiveinvestors.co.uk/companies/news/206373/europa-metals-narrowing-its-focus-at-toral-as-it-embarks-on-diamond-drilling-programme-206373.html All of the planned Phase 1 reverse circulation (RC) drilling on Europa Metals Ltd’s (LON:EUZ, ASX:EUZ) Toral project in northern Spain has been completed.

Samples from the drilling programme are currently being sent to external laboratories for independent analysis.

WATCH: Europa Metals Ltd - Proactive Investors Mining Capital Conference November 2018

A diamond drilling programme will now commence that will target key areas situated within the existing resource area.

Following sustained work on an initial scoping study for the Toral project, the following elements have been identified and established as development options for a potential future mining operation at the Toral site:

adoption of a cut and fill method of mining in order to reduce waste and footwall dilution; decline entry followed by a raised bore production shaft (reduced shaft cost and expenditure on raised bore commenced only at a time nearer to future production); standard two-stage flotation process – depressing the zinc and floating the lead; fully mechanised utilising an appropriate level of technology for a project of Toral's size; requisite permitting and environmental pathways determined and/or underway

“The majority of the key elements of the proposed mine design have been assessed and completed for a potential future mining operation at Toral and new data sets are currently being inputted to enable [mining consultant] AMS to complete its scoping study," said Laurence Read, the executive director of Europa Metals.

Myles Campion, the technical director of Europa, said progress on the scoping study is helping the company narrow its focus at Toral and “is providing us with the incentive to proceed, ahead of schedule, with our planned Phase II work programme”.

Shares in Europa were unchanged in mid-morning trading.

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Thu, 04 Oct 2018 08:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206373/europa-metals-narrowing-its-focus-at-toral-as-it-embarks-on-diamond-drilling-programme-206373.html
<![CDATA[RNS press release - Toral Project Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181004080004_13816240/ Thu, 04 Oct 2018 08:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3728/LSE20181004080004_13816240/