viewEuropa Metals Ltd

Europa Metals interims highlight progress in 2019, as work continues in regard to engineering and process optimisation

Europa's Toral project is shaping up into a significant zinc project

Europa Metals Ltd -

Europa Metals Ltd turned in a net loss after tax of A$1.4mln during the six months to December 2019.

During the period the company announced a first indicated resource of 2.7mln tonnes grading 8.9% zinc equivalent and a 12% increase in the total resource estimate at its Toral project in Spain.

The size and grade of the initial indicated resource exceeded management's expectations, and followed a comprehensive update of the resource model utilising a series of new data sets defined on the project area.

The company raised around £1mln in September to carry its programmes forward. Since then the exercise of warrants has added more than £150,000 to the company’s cash balances.

Post the period-end, Europa announced it would be focussing on process engineering and process optimisation studies. This work can largely take place in laboratories or on desktop computers and will help minimise the impact of coronavirus on the company.

Quick facts: Europa Metals Ltd

Price: 0.0197 GBX

Market: AIM
Market Cap: £3.29 m

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Europa Metals reveals 'fantastic' high-grade recovery results from its...

Europa Metals Ltd (LON:EUZ) CEO Laurence Read tells Proactive the lead-zinc and silver projects developer has revealed high-grade recovery results from the second phase of metallurgical testing at its Toral project in Spain. Read says the key findings of an updated independent...

on 16/4/20

2 min read