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Ferrum Crescent looking forward to delivering meaningful project development work at Toral in 2018

Published: 17:37 30 Apr 2018 AEST

Toral
The Toral asset is in the Province of Leon, Spain

Ferrum Crescent Limited (LON:FCR, ASX:FCR) is looking to pressing ahead with its planned campaign of work under its new name in 2018.

In a review of operations in the first quarter of 2018, executive director Laurence Read said the cornerstone of the quarter had been the successful completion of the JORC 2012 resource at the Toral asset.

READ: Ferrum Crescent shares jump after maiden JORC resource at Toral zinc project​

“Toral now has a significant resource defined and, subject to shareholder approval, we shall move the newly named 'Europa Metals' forward with a campaign of work during 2018 to potentially identify further resource and begin to define mining economics and concentrate types,” Read said.

“We look forward to delivering meaningful project development work at Toral during the course of 2018. The Toral Project is located in a first world country, near established infrastructure and we believe that it has the potential to be economically viable mining project," he added.