Europa Metals Ltd (AIM:EUZ, JSE:EUZ) said that the past year had seen it work "diligently and very successfully" on the technical aspects of the Toral project in Spain, increasing both resource size and grade
With a new partner in Denarius and funding in place, the de-risking process at its Toral project in Spain will continue, according to a statement accompanying its annual results for the year to end June 2023.
A Mining Licence Application has been submitted to the relevant authorities with a subsequent Pre-Feasibility Study to follow, it added.
Net losses for the year were US$3.3 million (US$2.5 million).