Could Europa Metals be on the cusp of a transformative wave? Don’t rule it out
Europa Metals has been steadily advancing the Toral project in Spain, but now the company could be about to add more strings to its bow
Company
LON:EUZ
Europa Metals Ltd is a lead-zinc exploration company focused exclusively on European projects. The company believes Europe, and in particular Spain, is an unrealised region for modern mine development and that the opportunity to create new mines within a best practice social and environmental framework, near first class infrastructure, is significant. Currently, the company is progressing its Toral Lead, Zinc and Silver Project towards the mine development phase.
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Europa Metals has been steadily advancing the Toral project in Spain, but now the company could be about to add more strings to its bow
It received €158,628.60 from Spain's Centre for the Development of Industrial Technology
It is seeking a partial sale/earn-in/joint venture or similar third-party agreement for the Toral lead/zinc/silver project in Spain
Considerable progress has been made on the Toral asset in recent times
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It is possible that significant copper lies beneath the 1,000 metre cut-off for the current drilling
Pre-feasibility study work at the Toral project is ongoing
Europa Metals previously worked with WAI on the project's metallurgical and processing phases
The infill drilling is expected to significantly contribute to Europa’s understanding of the upper zones of the deposit
"We are particularly pleased with being able to drill a series of daughter holes off TOD-29"
During 2020 the company made significant advances in its economic modelling
“Having somebody with Adam's track record in value-accretive mining transactions, working with the Europa Metals team, should provide us with significant new opportunities," said chairman Myles Campion
The Toral project contains extensive zinc-lead mineralisation
“Today's release of the new economic numbers is a culmination of two years' work covering many aspects of the Toral deposit," said chairman Myles Campion.
The company said the licence will now run until November 15, 2023, during which time it will prioritise the completion of all necessary tasks to enable an application to be made for a mining licence
Europa is now building up a significant dataset on the Toral lead-zinc project
The company continues to build confidence in the project and has mitigated impacts of the pandemic
Europa Metals will update the market on revised economic parameters for Toral and on the pre-feasibility study workstreams underway in due course.
"We continue to endeavour to advance Toral as a realisable, robust future source of lead, zinc and silver with excellent recoveries and grade," said chief executive Laurence Read
There was a steady stream of news from London's small cap miners this week