Where is that Zico chap now then ...lol |
Denarius raising $20m via a convertible...no mention of Toral in the use of funds. All over red rover. |
In fact since i started this thread its dropped from 15p to 1.6p it needs a rise of 937% just to get back to where its was pre Denarius and the ML and all those drilled holes. |
How's it going here then Mr Z ?
End of Nov 2.15p
Today 1.65p
I make that a 23.25% drop in 2 months, not bad eh ? |
From AGM Presentation:
Looking forward into 2024
A meeting was held in Madrid between Denarius and Europa to discuss results and remaining work schedules and next steps
Remaining work for 2023:
Hydrogeological boreholes were drilled and cased in mid September with follow-on pump testwork completed in late October
Data and interpretation taking place with report due in the New Year
Antonina licence process ongoing with a decision from Junta by end of year/early 2024
Plans for 2024:
On successful granting of Antonina an exploration plan has been designed for 2024 and into 2025
A further 7,000m of drilling earmarked for the combined Antonina and Toral.
Work to commence on a PEA over Toral. |
Latest from the company:
The Europa Metals team has worked diligently and very successfully on the technical aspects of Toral, increasing both resource size and grade and we have also brought in a dedicated partner in Denarius. The funding that is now in place will enable the de-risking process to continue and has facilitated the submission of a Mining Licence Application to the relevant authorities with a subsequent Pre-Feasibility Study to follow.
Over the coming period, the Board will continue with its endeavours to capitalise on the potential of Toral for the profitable future development of Toral. |
Europa Metals Ltd specializes in exploring and producing iron ore and zinc.
The activity is ensured in South Africa and Spain.
Calendar
26/03/2024 - Q2 2024 Earnings Release (Projected) |
Myles Campion speaking to Proactive re. MLA; |
Z1CO 1Nov 23 - 09:09 - 319 of 321
The market cap of £1.95m makes them extremely cheap considering how much has been invested in Toral over the years.
---------------
Yes £52m in. Have you asked yourself why its worth less than £2m ?
Even with £4m in the deal its still worth less than £2m ?
Its because the only people who ever made a penny on this is the BOD
They kept the share price so artificially low for so long that no one can be bothered with this any more. You haven't discovered a gem here Zico
You have fallen into the same hole we all fell into over the years and now you look even more silly than we did. |
Europa Metals says Toral derisking to continue
Published: 07:51 01 Nov 2023
Europa Metals Ltd (AIM:EUZ, JSE:EUZ) said that the past year had seen it work "diligently and very successfully" on the technical aspects of the Toral project in Spain, increasing both resource size and grade
With a new partner in Denarius and funding in place, the de-risking process at its Toral project in Spain will continue, according to a statement accompanying its annual results for the year to end June 2023.
A Mining Licence Application has been submitted to the relevant authorities with a subsequent Pre-Feasibility Study to follow, it added. |
An updated minerals resource estimate hopefully by the end of this month. |
still i am sure the BOD are doing very well.... |
The market cap of £1.95m makes them extremely cheap considering how much has been invested in Toral over the years. |
Some of the losers on the other thread were buying these shares in excess of 50p. |
Accumulated losses now $52,224,070 so that's a share price of 50p to break even.......lol what a bloody disaster. |
H2 exploration expenditure is very minimal as expected.
Admin. expense is slightly reduced.
This year there is deconsolidation loss of $1.27m. |
Still it seems to have done the share price a lot of good, so happy days. |
I have just briefly scanned the results. Not pretty is all I have to say for now. |
 With the Mining License Application submitted Denarius will now focus on Preliminary Economic Assessment ( PEA ) and then the all important Pre-feasibility Study ( PFS ).
The basis for the development plan utilised the existing JORC resource from November 2022; since the beginning of 2023 the Company's Spanish engineering group, Mining Sense, has applied many factors to this Resource such as commodity pricing, base load power costs, dilution factors and tradeoff studies with the objective of reviewing various development scenarios. Based on the work carried out, it was determined that the extension, volume and ore grades have been duly estimated to define a mineable deposit whose technical, economic and environmental feasibility is supported by the documentation and in accordance with the laws and regulations of the region of Castille y Leon. Such project assessment will be formally reported on in the expected preliminary economic assessment to national Instrument standards 43-101 expected to be published in 2024. |
Placing alert Beeks.... |
No problems CC |
Thanks for the links. |
30/11/2022 was when the company last updated it's Mineral Resource Estimate for Toral.
The updated MRE showed a 19% increase in the Indicated Mineral resource tonnes and a 14% increase in grade. In summary, the updated MRE represented an approximate:
19% increase in Indicated Mineral Resource tonnes.
39% increase in Indicated contained tonnes of zinc to approximately 349,000 tonnes.
33% increase in Indicated contained tonnes of lead to approximately 260,000 tonnes.
27% increase in Indicated contained ounces of silver to approximately 6.6 million ounces. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
