viewEuropa Metals Ltd

Europa Metals builds knowledge base at Toral project in Spain


  • Developing the Toral silver, lead and zinc deposit in Spain.
  • Scoping study set a project value (NPV) of US$110mln
  • At 0.03p, the company is valued at just over £3.1mln.

Quick facts: Europa Metals Ltd

Price: 0.0265 GBX

Market: AIM
Market Cap: £4.43 m

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

Laurence Read, chief executive


How is it doing

Toral numbers

Europa Metals Limited (LON:EUZ) revealed a scoping study in March projected an internal rate of return (IRR) of 24.4% with total capital expenditure put at US$110mln.

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.

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

In August, Europa revealed that a third hole drilled at Toral had giving visual indications of mineralisation over a width of 12m, with additional layers of metal an unexpected bonus.


Watch the interview



Inflexion points

Resource definition drilling to identify characteristics of metals in the concentrate

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

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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Full interview: Europa Metals gearing up for next diamond drilling campaign...

Europa Metals Ltd's (LON:EUZ) Laurence Read chats to Proactive London's Andrew Scott following the news they've started mobilisation ahead of a diamond drilling campaign at the Toral project in north west Spain. The drill programme is aimed at a target area to the west of the project’s...

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