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EUROPA METALS LIMITED - Change in Spanish Legislation re Land Use for Mining

Release Date: 02/04/2019 09:08
Code(s): EUZ     PDF:  
 
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Change in Spanish Legislation re Land Use for Mining

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")



Change in Spanish Legislation re Land Use for Mining

Europa Metals, the European lead-zinc explorer, is pleased to announce that on 26 March 2019 the
legislation regulating land use in the Castilla y León region, Northwest Spain, was changed (Ley 5/2019
modification to law Ley 5/1999) in order to establish clear rules and guidelines for the development of
mining activities within the region.

Within the official bulletin released by the Junta of Castilla y León, signed by regional President, Mr
Juan Vicente Herrera Campo. the following was stated; “the change in the law is completed in order to
promote a better compatibility between rural land uses and the development of mining activities.” A
copy of the full bulletin is available to view at:
http://bocyl.jcyl.es/boletines/2019/03/26/pdf/BOCYL-D-26032019-2.pdf

As announced on 13 September 2018, the Company entered into a municipal consultation process in
order to apply for a change in local land use to support the future development of the Company’s wholly
owned Toral lead,-zinc and silver project. Whilst the abovementioned official bulletin is a positive step
and has outlined new land use regulations and a clear application route for mine development, Europa
Metals will continue to engage with all local, municipal stakeholders.

A key point of note within the outlined legislative changes is a distinction between mining activities. All
projects are now divided into two groups; the ‘Minería energética’ group, governing all energy-based
projects, and a further group covering all other mining activities which are categorised together such as
base, precious and industrial metals (the Toral Project belonging to the latter category). Each mining
project will now be considered on a case by case basis as to the appropriateness of development.
Individual projects will each be assessed upon Environmental (via Environmental Impact Studies) and
other stakeholder factors. Previously, applications were required at a municipal level in certain rural
areas for a change in land use status in order to develop mining projects.

The legislative changes are expected to be implemented into the region’s regulatory framework over
the course of the next three months.


Commenting today, Laurence Read, Executive Director of Europa Metals, said:
“This change to the relevant land use legislation establishes a responsible framework for assessing
appropriate mine developments compatible with urban planning in the region of Castillia y León,
Northwest Spain, based upon detailed environmental assessment work and stakeholder engagement.
The new law provides Europa Metals with a clear path to progress Toral into potential future mine
development working, within the requisite new regulations.”


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 (Broker)
Andy Thacker
T: +44 (0)20 3621 4120

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

2 April 2019
United Kingdom
Sponsor: Sasfin Capital (a member of the Sasfin Group)

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