Proactive Investors - Run By Investors For Investors
Why invest in EUZ?
Europa Metals Ltd: DEEP DIVE

Europa Metals builds knowledge base at Toral project in Spain

A recent scoping study put a net present value (NPV) on the Castilla y León project of US$110mln
OVERVIEW: EUZ The Big Picture
Toral project is in north-west Spain
  • Europa Metals Limited (LON:EUZ) is developing a silver, lead and zinc deposit at Toral in Spain.

  • A recent scoping study put a net present value (NPV) on the Castilla y León project of US$110mln using a discount rate of 8%.

  • At 0.02p, the company is valued at just over £2.2mln.


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."




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.

View full EUZ profile View Profile

Europa Metals Ltd Timeline

Related Articles

Hayes Creek and Burnside projects in the NT
February 06 2019
The Northern Territory is PNX’s focus as exploration efforts move indoors during the wet season.
May 20 2019
The company has identified a path to early development that aims to position Longonjo as an important supplier of NdPr raw materials to meet demand from the electrification of vehicles.
January 16 2019
The company has been granted a key approval by the State Government to build processing plant and tailings storage facilities.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use