Europa Metals Ltd - Update re: Stakeholder engagement process
1 November 2019
Update re: Stakeholder engagement process including launch of
The Company is currently engaged in a stakeholder consultation initiative and review process, as stipulated by the Junta of Castilla y León, in order to formalise its ongoing community work and complete the mandatory elements required for a recommendation to be made by the regional government on the appropriateness of a full mine development application to be lodged by the Company.
The Company's Directors and all employees of the Group believe that, in addition to adhering to requisite legislation, mine development decisions should be made in accordance with best practice and ensure ongoing engagement with the local community. Whilst community engagement has been at the centre of
europametals.es and proyectotoral.com
The objectives of the local website are to:
· provide an online hub for feedback and answering queries or concerns relating to the Company and the
· outline how a future underground lead, zinc and silver mine would work and its appropriateness to the local area, which already hosts a number of historic and current mining and quarrying operations;
· share potential economic scenarios and local content policies relating to the
· notify community meetings and key dates for interaction.
Local government engagement meetings completed
The management of Europa Metals Iberia SL, the Company's wholly owned subsidiary, have successfully concluded an initial round of meetings with the representatives of mayors from the five town halls within the
· Economic benefits including jobs, taxes and a local content policy for suppliers.
· Independent environmental studies and monitoring (currently in progress).
· Hydrological results from an engineering programme.
· Processing and metallurgical composition of potential mined ore.
· Waste management under the Mechanised Cut and Fill (MCAF) model both under and over ground.
"The recent very positive meeting that took place with representatives of local mayors of the 5 municipalities where the current investigation mining license for the project extends, will be followed by engagement with additional neighbouring community representatives. In parallel,
"Europa Metals is now formalising and developing its stakeholder engagement programme as the Toral Project progresses towards a development licence decision. Mining activity should only go forward with correct, standardised community engagement and we are fortunate to be operating in a mining region where community representatives fully understand the impact of future mining development.
"Working within this knowledge framework, we have taken on board the local mayors' recommendation to begin formal community meetings and, as the project moves forward, will seek to address the key criteria which make the Toral Project appropriate to the area, namely: economic benefits including jobs, tax revenues and local content policy giving preference to local suppliers, low environmental impact and best practice water management systems, a clear waste plan utilising underground storage as well as overground stacked tailings, clearly demonstrating the processing and separation process to produce concentrates without the types of harmful additives seen in some metal production."
For further information on the Company, please visit www.europametals.com or contact:
T: +61 417 978 955
T: +44 (0)20 3289 9923
T: +44 (0)20 7409 3494
T: +44 (0)20 3657 0050
T: +44 (0)20 3463 5000
T (direct): +27 11 809 7762
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS, the news service of the
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