EUROPA METALS LIMITED - Annual Resource and Reserve Statement

Annual Resource and Reserve Statement

Europa Metals Ltd
(Formerly Ferrum Crescent Limited)
(Incorporated and registered in Australia
and registered as an external company in
the Republic of South Africa)
(Registration number 4459850)
(External company registration number 2011/116305/10)
Share code on the ASX: EUZ
Share code on AIM: EUZ
Share code on the JSE: EUZ
ISIN: AU0000014342
(“the Company”)


Annual Resource and Reserve Statement

In accordance with ASX Listing Rule 5.21, Europa Metals, the European lead-zinc explorer,
announces its annual resource and reserve statement. The following summary should be read in
conjunction with the Company’s Annual Report for the financial year ended 30 June 2018 which
was published earlier today.

MINERAL RESOURCE ESTIMATE SUMMARY AS AT 28 SEPTEMBER 2018
  Cut-Off                                                                       Zn         Pb        Ag Troy
           Tonnes                  Zn_Eq      Zn Eq      Zn    Pb      Ag
   Zn Eq             Density                                                  Tonnes     Tonnes        Oz
          (Millions)               (Pb)%    (PbAg)%      %     %       g/t
 (PbAg)%                                                                      (000’s)    (000’s)    (Millions)
    6.0        10          2.8       8.7       9.3       4.8    4      30       490        420         10
    5.0        14          2.8       7.7       8.3       4.4   3.5     26       620        490         12
    4.0        19          2.8       6.9       7.4       3.9   3.1     24       720        570         14
    3.0        23          2.8       6.2       6.7       3.5   2.8     22       800        630         16
Notes:
1) The updated JORC compliant independent mineral resource estimate for the Company’s wholly owned Toral project,
   northern Spain, was completed and reported in accordance with the JORC (2012) code.
2) Please refer to the Company’s announcement of 20 September 2018 for full details of the latest independent JORC
   (2012) resource estimate for the Toral project which includes the above table.

Governance Arrangements and Internal Controls
The Company has ensured that the mineral resource estimate set out above has been subject to
appropriate governance arrangements and internal controls, a summary of which is outlined below.

The mineral resource estimate for the Toral project has been reported in accordance with JORC
(2012) guidelines.

Audit of the estimation of mineral resources is addressed as part of the annual internal audit plan
approved by the Board via the Audit Committee. In addition to routine internal audit procedures, the
Board monitors the Company’s mineral resource status and approves the final outcome of third
party reports.
An annual mineral resource update is a prescribed activity within the Company’s corporate planning
calendar that includes a schedule of regular executive engagement meetings to approve
assumptions and guide the overall process.

The mineral resource estimation processes followed internally are well established and are subject
to systematic internal and external peer review. Independent technical reviews and audits are
undertaken on an as-needs basis as a product of risk assessment.
Competent Person’s Statement
The updated Toral inferred resource estimate was prepared by Mr J.N. Hogg, MSc. MAIG Principal Geologist
for Addison Mining Services Limited (“AMS”), an independent Competent Person within the meaning of the
JORC (2012) code and a qualified person under the AIM guidance note for mining and oil & gas companies.
The updated inferred resource estimate was aided by Mr R. J. Siddle, MSc, MAIG Senior Resource Geologist
for AMS, under the guidance of the competent person. Mr Hogg has reviewed and verified the technical
information that forms the basis of, and has been used in the preparation of, the updated mineral resource
estimate, including all analytical data, diamond drill hole logs, QA/QC data, density measurements, and
sampling, diamond drilling and analytical techniques. Mr Hogg consents to the inclusion in this announcement
of the matters based on the information, in the form and context in which it appears. Mr Hogg has also
reviewed and approved the technical information in his capacity as a qualified person under the AIM Rules for
Companies.

Additionally, Mr Hogg confirms that the entity is not aware of any new information or data that materially
affects the information contained within the Company’s previous announcements referred to herein.


For further information on the Company, please visit www.europametals.com or contact:

Europa Metals Ltd
Dan Smith, Non-Executive Director and Company Secretary (Australia)
T: +61 417 978 955
Laurence Read, Executive Director (UK)
T: +44 (0)20 3289 9923

Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494

Turner Pope Investments (TPI) Limited (Joint Broker)
Andy Thacker
T: +44 (0)20 3621 4120

Sasfin Capital Proprietary Limited (a member of the Sasfin group) (JSE Sponsor)
Sharon Owens
T (direct): +27 11 809 7762

Peterhouse Corporate Finance Limited (Joint Broker)
Lucy Williams/Duncan Vasey/Heena Karani
T: +44 (0)20 7469 0930

Perth
1 October 2018

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