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Europa Metals submits investigation permit renewal application for Toral

Published: 08:00 08 Jun 2020 BST

Europa Metals Ltd -

Europa Metals Ltd (LON:EUZ) has submitted an application to the Junta of Castilla y León for a new three year investigation permit in respect of the Toral lead, zinc and silver project in north-west Spain.

The company was granted an initial investigation permit for Toral in 2017, which is due to expire in November 2020, following conclusion of the customary three year period.

An investigation permit provides a company with the right to pursue exploration activities at a project.

Europa Metals continues to be engaged on a number of work streams at Toral, and has identified a series of further tasks that it intends to undertake before refining and submitting a final development application.

The investigation permit renewal application was prepared in close consultation with the relevant bodies of the Junta of Castilla y León, whose involvement in the submission process served to reinforce the Company's decision to apply. The company currently anticipates that a decision in respect of the grant of a new investigation permit will occur prior to the scheduled expiry of the existing permit.

Meanwhile, results in relation to the latest metallurgical testing and updates on other work items are expected over the course of the summer.

"The last three years, since receiving our first investigation permit, has seen a significant progression in our understanding of Toral and its potential value,” said Europa chief executive Laurence Read.

“Working closely with key regional stakeholders, Europa Metals has taken the decision to submit an application for a new, three year, investigation permit in order to further progress our assessment of the technical and economic potential of this high grade lead, zinc and silver project." 

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on 23/10/23