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EUROPA METALS LIMITED - Update re Toral Project Work Programme and Directors Disclosure

Release Date: 23/02/2022 09:00
Code(s): EUZ     PDF:  
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Update re Toral Project Work Programme and Director’s Disclosure

Europa Metals Ltd
(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
("Europa Metals" or “the Company”)



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 Intenational

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 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
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


JSE Sponsor to Europa Metals
Questco Corporate Advisory Proprietary Limited
Sharon Owens
T: +27 (11) 011 9212
23 February 2022


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.

Date: 23-02-2022 09:00:00
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