Proactive Investors - Run By Investors For Investors
Why invest in EUZ?
Europa Metals Ltd: DEEP DIVE
OVERVIEW

Europa Metals builds knowledge base at Toral project in Spain

A recent scoping study put a net present value (NPV) on the Castilla y León project of US$110mln
Toral
OVERVIEW: EUZ The Big Picture
Toral project is in north-west Spain
  • Europa Metals Limited (LON:EUZ) is developing a silver, lead and zinc deposit at Toral in Spain.

  • A recent scoping study put a net present value (NPV) on the Castilla y León project of US$110mln using a discount rate of 8%.

  • At 0.02p, the company is valued at just over £2.2mln.

 

How is it doing

Toral numbers

The scoping study projected an internal rate of return (IRR) or 24.4% with total capital expenditure put at US$110mln.

Plans in 2019 include an infill drilling campaign; completion of the first metallurgical test work programme; commencement of environmental studies and hydrogeological characterisation.

The study was based on a previous JORC compliant resource estimate comprising 16 million tonnes in the Inferred category, equating to 640,000 tonnes of zinc, 510,000 tonnes of lead and 13 million ounces of silver.

Raised £960,000 in March to fund resource definition drilling.

 

What the boss says: Laurence Read

"Toral is demonstrating itself to be a highly robust lead, zinc and silver project located in a first world jurisdiction.”

"Fundraising allows Europa Metals to move its Toral project forward, with the planned commencement of a diamond drilling campaign into the high-grade core of Toral.

"The programme will allow the company to increase its understanding of the high-grade lead, zinc and silver content at the centre of Toral in addition to obtaining fresh metallurgical samples which could then be used for pre-marketing of the Toral concentrate."

 

Video

 

Inflexion points

Resource definition drilling to identify characteristics of metals in the concentrate

Drilling later in the year in high-grade areas alongside metallurgical work to upgrade resource to indicated status

Currently, mapping and re-logging core

Changes to regulations governing the use of land for mining in north-west Spain’s Castilla y Leon region can give a boost to Toral

Recently shifted primary listing to AIM from ASX to reflect focus on Europe and where shareholders are largely based. Europa still has listing on Johannesburg’s AltX market.

View full EUZ profile View Profile

Europa Metals Ltd Timeline

Related Articles

Archer quantum computing technology
April 16 2019
As part of its advanced materials strategy, the company is progressing a graphite-to-graphene beneficiation strategy.
Argentina is prospective for a variety of battery minerals, including vanadium and lithium
April 26 2019
The company has issued regular updates on a review and recapitalisation plan.
Yaouré Gold Project in Côte d’Ivoire
April 03 2019
The company is expected to post its latest production figures later this month.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use