Sign up
Mining Capital

Europa Metals focused on drilling to upgrade Toral resource

Europa published a scoping study for Toral this week
metal
Toral is a lead, zinc, silver deposit

Toral project developer Europa Metals Limited (LON:EUZ) will focus during the remainder of 2019 on upgrading the resource at the project in Spain.

Subject to funding, plans are for an infill drilling campaign targeting the high-grade core of the deposit.

READ: Europa Metals releases full scoping study economics for Toral project

Europa published a scoping study for Toral this week, which put an NPV on the project in Castilla y León, north-west Spain of US$110mln using a discount rate of 8%. The study projected an internal rate of return (IRR) or 24.4% with an estimated capital expenditure requirement of US$33mln for a proposed 450,000 tonnes a year design capacity plant. Total capital expenditure for the project is an estimated US$110mln.

Europa spent A$958,000 on exploration in the last six months, which contributed to interim losses rising to A$1.53mln.

 

PhilW.jpg
Why Invest In Europa Metals Limited? Read More Here

Register here to be notified of future EUZ Company articles
View full EUZ profile View Profile
View All

Related Articles

© mining Capital 2019

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.