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Operational update
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”)
Operational update
Europa Metals, the European focused lead, zinc and silver developer, is pleased to announce an
operational update in relation to its activities at its wholly owned Toral lead, zinc and silver project
in the Castilla y León region, Spain (“Toral” or the “Toral Project”).
Highlights:
• 2022 resource drilling campaign underway; comprises a series of holes to be drilled at depth,
targeting an increase in the Company’s pre-existing JORC indicated resource estimate
• Geotechnical drill programme has now been completed
• Further to the excellent ore sorting recoveries demonstrated in late March 2022, Wardell
Armstrong International Ltd is nearing completion of its rougher tests prior to embarking on
locked cycle testwork
Commenting today, Myles Campion, acting CEO and Executive Chairman of Europa
Metals, said:
“Europa Metals continues to progress its work programme on a number of fronts. Following a
slight delay, the drill rig is now on site and I am pleased to get our 2022 resource drilling campaign
underway, which seeks to target additional resources at depth.”
Resource drilling
Following a slight delay to the arrival of the rig due to increased third party exploration and rig
activity in Spain, we are pleased to report that our 2022 resource drilling campaign is now
underway.
The objective of this latest campaign is to seek to extend the pre-existing indicated resource
estimate at depth towards the east of the current zone and thereby link up a known area of
encouraging data. If successful, it will enable us to increase the resource tonnage and enhance
the previously envisaged mining plan. Additionally, all holes will be geotechnically evaluated as
drilling progresses, providing additional information for the feasibility study process.
This drilling campaign will also feed into our previously announced R&D collaboration project with
the Centre for the Development of Industrial Technology (CDTI), which is scheduled to be
concluded later this year.
Metallurgical work and ore sorting
Samples were submitted to Wardell Armstrong International Ltd (“WAI”) earlier this year,
comprising both siliceous style mineralisation in the form of a bulk sample and carbonate style
mineralisation in the form of two discrete samples.
The completed ore sorting work provided excellent results, as announced in March 2022,
demonstrating that 94% of the overall lead and zinc in the feed, could be recovered whilst rejecting
more than 43% of the original mass.
WAI is currently nearing completion of its first stage rougher tests on all samples and will then
proceed with final locked cycle testwork.
Europa Metals intends to utilise the findings and the tailings and rejects from the metallurgical
and ore sorting test work, to establish a picture of how best the Company can use such waste
products as both backfill and paste fill for potential future quarry reclamation and underground
mining operations.
Geotechnical drilling programme
The Company has now completed the previously announced series of 5 shallow drill holes for
approximately 79m across the area earmarked as the preferred future plant location. The aim of
this programme was to provide geotechnical measurements of the subsoil characteristics by way
of performing a series of tests. In conjunction with the drilling operations, Europa Metals’ team
also collated data from trench sampling and conducted further surface tests within the area
concerned.
The information obtained from the programme and testing will be utilised to inform ground support
for future plant construction.
In-house mining studies
Europa Metals is utilising the skills of its in-house consultants to enhance its understanding of the
possible mining environment at Toral, manipulating the new datasets with various software
packages to update internal models and assess the impact on potential future mining scenarios.
This aids our strategic planning and will also assist our planned future application for a mining
licence at Toral.
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
Myles Campion, Acting CEO and Executive Chairman (UK)
T: +44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
WH Ireland Limited (Broker)
Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather
T: +44 (0)20 7220 1666
JSE Sponsor to Europa Metals
Questco Corporate Advisory Proprietary Limited
Sharon Owens
T: +27 (11) 011 9212
United Kingdom
3 May 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: 03-05-2022 08:00:00
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