Previous chairman Colin Bird has stepped down with immediate effect.
Europa is developing the Toral zinc- lead project in Spain and said that given the progress made over the past 18 months it is commissioning an independent JORC-compliant resource survey.
Addison Mining Services will carry out the work and update the previous estimate to include the results of the 2019 drilling programme.
Europa said it is still waiting for an extension to its investigation permit from the Junta of Castilla y León for a further three years.
In a statement, Read commented: "The Toral Project is now emerging out of the exploration phase into the feasibility stage. The board believes Toral should be a first-rate source of concentrate that, with high grades and recovery, can be developed through the outlay of relatively low capital expenditure."