REG - Europa Metals Ltd - Toral Project Update and Director's Disclosure

Europa MetalsAnnouncement

23/02/2022 07:00

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RNS Number : 4856C  Europa Metals Ltd  23 February 2022

23 February 2022

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

Update re Toral Project Work Programme and Director's Disclosure

Europa Metals, the European focused lead, zinc and silver developer, is
pleased to provide an update on the latest work being undertaken at its wholly
owned Toral lead, zinc and silver project in the Castilla y León region,
Spain ("Toral" or the "Toral Project") and a director disclosure pursuant to
Rule 17 and Schedule Two(g) of the AIM Rules for Companies.

Highlights:

·    Commencement of geotechnical drilling across the proposed future
plant site at Toral

·    Resource drilling scheduled to commence in early March 2022

·    Metallurgical work progressing with Wardell Armstrong International
Ltd

Toral Workstreams

A short programme of geotechnical drilling is underway at the Toral Project,
designed to secure further data on the expected ground conditions at several
proposed sites for a future plant. This programme is expected to be completed
in the coming weeks.

A further campaign of resource drilling is expected to commence in early March
2022, which is designed to incrementally augment the current indicated JORC
resource estimate of 5.9Mt @ 7.8% Zn equivalent (including Pb credits) and
27g/t Ag at depth.

Metallurgical work continues, with ore sorting testwork having been completed
in Germany and samples returned to Wardell Armstrong International Ltd in
Cornwall for the continuation of the programme. The programme has been
designed to further develop the ore sorting process route through the
utilisation of the bulk sample, along with increasing the spacial
representivity within the current defined indicated resource via the testing
of two deeper samples to provide further information on the processing
characteristics of the ore. Tailings products from this testwork will be
evaluated for use in dry stacked tailings for proposed future reclamation work
and as paste back fill for underground support.

Updated Director's Disclosure

 

In accordance with Rule 17 and Schedule 2(g) sub-paragraph (v) of the AIM
Rules for Companies, the Company has been notified of the following updated
information by Dan Smith, Non-Executive Director of Europa Metals:

 

Dan Smith was formerly a non-executive director of Stirfire Limited, a private
company incorporated in Australia, at the time it was placed into voluntary
administration on 1 July 2019 with a shortfall to creditors of A$0.5 million.

Commenting today, Myles Campion, interim CEO and Chairman of Europa Metals,
said:

"This latest round of metallurgical and geotechnical work streams will serve
to expand our knowledge base on various aspects of the Toral Project as part
of the ongoing feasibility studies. The next stage of resource drilling is
aimed at enhancing the existing indicated resource estimate which can then be
applied in mine scheduling under a Pre-Feasibility Study environment."

For further information on the Company, please visit:

www.europametals.com (http://www.europametals.com)

Linkedin:          Europa Metals ltd

Twitter:            @ltdeuropa

Vox:                 Europametals

or contact:

 

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: +61 417 978 955

Myles Campion, interim CEO and Chairman (UK)

info@europametals.com

 

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: +44 (0)20 7409 3494

WH Ireland Limited (Joint Broker)

Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather

T: +44 (0)20 7220 166

Turner Pope Investments (TPI) Limited (Joint Broker)

Andy Thacker/James Pope

T: +44 (0)20 3657 0050

 

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Sharon Owens

T: +27 (11) 011 9212

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended.

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