viewEuropa Metals Ltd

Europa Metals moving ahead with Toral lead-zinc asset

Ongoing exploration and resource development work will be complemented by a scoping study

Zinc price has been strong in recent years

The central platform of Europa Metals LTD (LON:EUZ) (ASX:EUZ) is the zinc-lead-silver resource at Toral in Castila y León, northern Spain.

This contains a total of 19mln tonnes of ore at 7.4% zinc equivalent, which nets out at 720,000 tonnes of zinc, 570,000 tonnes of lead and 14mln ounces of silver.

Scoping study now underway

A scoping study has now been initiated at Toral, with a view to unlocking the complex geology and working out a path to economic production. Part of this work will involve drilling to identify additional mineralisation, as well as moving parts of the existing inferred resource into the higher indicated category.

Experienced directors now making the running

Europa has been through a few iterations over the past few years, and a few changes in personnel too.

However, the current management team show every sign of being here to stay, an attitude that’s supported by their long experience both in exploration and capital markets.

The director doing much of the running is Laurence Read, a man who’s been involved in the mining sector for 20 years, and who has experience at board level with several companies, including Bezant Resources (LON:BZT).

Chairman and key shareholder Colin Bird has deep experience of the mining and exploration markets, having founded several successful mining companies, including Kiwara and Jubilee Platinum.

And Myles Campion, technical director, is an experienced economic geologist with a good understanding of capital markets.

Quick facts: Europa Metals Ltd

Price: 10.75 GBX

Market: AIM
Market Cap: £5.28 m

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