Europa Metals Share Discussion Threads

[z1co] 25/11/2022 09:31

Price of Zinc currently is US$2939/t.

[z1co] 25/11/2022 09:22

Laurence Read, CEO of Europa Metals, commented :

"With an approximate 55% increase in the Indicated category to 5.9Mt @ 7.1% Zinc Equivalent (including Pb credits), sitting within a total resource, open at depth and to the East, of 20Mt @ 6.3% Zinc Equivalent (including Pb credits), this independent resource update represents a significant advance for the Toral lead, zinc and silver project.

"By formulating and implementing a highly targeted drilling campaign, our team has achieved this significant result in a highly efficient manner, in an area of the resource that should directly impact the early future production years of the Toral project. We are now progressing to a new phase of metallurgical testing in order to determine the most efficient production routes for the upper zone including examination of ore sorting. The overall focus continues to be on proving up our well established lead, zinc and silver resource area and continuing to de-risk the development profile."

Myles Campion, Executive Chairman of Europa Metals, further commented :

"This is an excellent result for Europa Metals with the upper siliceous zone returning better than expected grades and widths which has enabled the reporting of a substantial increase in Indicated tonnes from a concentrated drilling programme. The deposit continues to deliver positive news and this boost to the Indicated resource provides further certainty on tonnes and grade profiles to assist with the assessment of mine life and future production profile in further studies."

[z1co] 25/11/2022 09:20

The last updated resource update was more than a year ago , this will have increased a lot further of the drilling carried out in 2022.

1 October 2021

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM , AltX: EUZ )

Updated Mineral Resource Estimate - 55% Increase in Indicated Resource

for Toral Pb, Zn & Ag Project, Spain

Europa Metals, the European focused lead, zinc and silver developer, is pleased to announce the results of an updated independent Mineral Resource Estimate, reported in accordance with JORC (2012), in respect of its wholly owned Toral lead-zinc-silver project located in northern Spain ("Toral" or the "Toral Project").

Highlights :

-- Updated independent Indicated and Inferred Mineral Resource Estimate for Toral, reported in accordance with JORC (2012). The input database for the estimate, included:

o 172 diamond drill holes (including wedges) and 4 reverse circulation (RC) drill holes totalling 59,658.73 metres of drilling (including environmental drillholes), and 19 underground channels for 18.75 metres.

o 8 new parent mineral exploration drill holes TOD-028 to TOD-035 and six new daughter drill holes (metallurgical/geotechnical data), and one failed daughter hole.

o Application of updated fault models.

o Application of new lithological facies domain models.

-- Indicated resource estimate of approximately 5.9Mt @ 7.1% Zn Equivalent (including Pb credits) and 27g/t Ag, representing an approximate:

o 55% increase in Indicated resource tonnes;

o 39 % increase in Indicated contained tonnes of zinc to approximately 251,000 tonnes;

o 30% increase in Indicated contained tonnes of lead to approximately 196,000 tonnes; and

o 40% increase in Indicated contained ounces of silver to approximately 5.2 million ounces.

-- A total resource of approximately 20Mt @ 6.3% Zn Equivalent (including Pb credits), 3.9% Zn, 2.7% Pb and 22 g/t Ag, including:

o 790,000 tonnes of zinc, 550,000 tonnes of lead and 14 million ounces of silver.

Outlook

The Company expects to integrate the updated resource estimate, with the substantially increased indicated resource and grade increase within the upper zones, with its ongoing engineering analysis in order to assess the positive influence on the proposed future mining and processing route for the Toral project.

[z1co] 24/11/2022 15:35

MM's supplied with some more shares by stale bulls.

[z1co] 24/11/2022 12:49

Spec7

On the other thread is going on about the past , it's the future prospects that appeal to me.

The company has now signed $4m farm-in deal with Denarius Metals with a further $2m.

That will make a massive difference going forward.

[z1co] 24/11/2022 12:32

A few more smaller trades and the Mm's have reduced the offer even further to just 10,000 at full offer price of 3.80.They must be short of stock and will have to increase the offer

[z1co] 24/11/2022 12:15

Bought another 50,000 @ 3.788p , after this trade the MM's are now only offering a maximum of 15,000.

[z1co] 24/11/2022 12:05

09/11/2022:

Commenting today, Myles Campion, Executive Chairman and acting CEO of Europa Metals said :

"Hole TOD-042 contained the highest grade intersection that the Company has drilled to date at Toral with over 5m in excess of 20% Zn equivalent representing a fantastic result. This included some samples running over 40% primary Zn. We targeted this area of the deposit in order to increase our confidence in a potential extension to the indicated resource and also from the concept that it could be a higher grade "channel" within the resource. Both concepts have been proven which is an excellent result for the team and Toral's future".

[smackeraim] 24/11/2022 11:39

Raised £580k at 4.5p yesterday, and entered into option with farm in partner. One of the terms of the first stage option agreement closing is:payment of US$2,000,000 cash to Europa Metals.Currently ?2.7m m/c

[z1co] 24/11/2022 11:38

The share price will rebound very strongly from this oversold position.

[smackeraim] 24/11/2022 11:38

Raised £580k at 4.5p yesterday, and entered into option with farm in partner. One of the terms of the first stage option agreement closing is:payment of US$2,000,000 cash to Europa Metals.Currently £2.7m m/c

[z1co] 24/11/2022 11:36

!FOLLOWFEED





Toral is one of the largest undeveloped zinc and lead resources in Europe, and has a higher grade than its peers. In addition, the deposit has the advantage of its locationin a context of a society under democratic standards endowed with all kinds of infrastructures (roads, railways, energy supply). The location in León is also an advantage, with an administration and legislation with a long tradition in extractive projects that favor the obtaining of mining permits and that supplies materials to large industrial complexes, including one of the largest zinc smelters in the world in San Juan de Snows.


23/11/2022

Europa Metals Ltd Agreement signed with Denarius Metals Corp.


Commenting today, Myles Campion, Executive Chairman and acting CEO of Europa Metals said :

"I am delighted to have agreed definitive documentation with our incoming joint venture partner, Denarius, which, subject to the approval of Europa Metals' shareholders, secures an initial US$4,000,000 investment into the Toral Project and a potential future US$2,000,000 cash payment to the Company. The first year will see an application being made for a mining licence at Toral, thereby moving the project along the path towards potential future development. In subsequent years we will seek to expand the current footprint of the project to encompass the nearby historic third-party Antonina mine and delineate further high grade mineral resources, following the recent success of drillholes TOD-041 and TOD-042, at Toral.

"I am also pleased to have completed a capital raising of GBP580,000 at a substantial premium to the prevailing market share price, which augments our working capital position and clearly demonstrates confidence in the Toral project and our strategic direction in the current uncertain market conditions."

Serafino Iacono, Executive Chairman and CEO of Denarius, commented, “We are very pleased to expand our scale in Spain through our partnership with Europa to develop an exciting high-grade polymetallic project located in a well-mineralized historic mining area and a proactive jurisdiction that also offers the potential for further exploration opportunities. The first year will see an application being made for a mining license at the Toral Project, thereby moving the project along the path towards potential future development. In subsequent years we will seek to expand the current footprint of the project to encompass the nearby historic third-party Antonina mine and delineate further high-grade mineral resources, following the success of Europa’s recent drillholes.”


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[z1co] 24/11/2022 10:44

These shares are way over sold and the company is only capped at £2.6m very CHEAP

[z1co] 24/11/2022 10:42

Spec7 if your still holding that many why is it that you never posted any comments on the BB.Your last comment was on 3 February 2022.

It's a awful long time not to post any comments.

You only started to post on the forum yesterday after my comments and all your posts are very bearish which could mean that you are very bitter.

Hmmm very strange behaviour.

[z1co] 24/11/2022 10:25

I actually bought yesterday for the first time after the news of the deal with Denarius Metals Corp and the placing which was done at 4.50p a substantial premium.

i will keep adding to build a decent holding.

Your comments are very bearish which means you have lost a lot of money or are still losing in this company.

The prospects for this company going forward after the deal yesterday are fantastic.

It is still considerably undervalued at only £2.70m.

Nothing goes up forever and nothing goes down forever i believe the shares will rebound very strongly in 2023.

[z1co] 24/11/2022 10:15

Spec

You don't mind me asking you do you still have shares in the company?

[spec7] 24/11/2022 09:52

The problem is we all had decent holdings but most have been diluted up to 3-400%
I remember people who put $10k in this and sold out at £1k and we had 3 more placings after that.

I first bought these at 20p......before the 500/1 consolidation work that out..lol

[z1co] 24/11/2022 09:27

Bought another 45,000 @ 3.50p , will keep buying until i have decent holding.It was already very cheap before today's fall.

[z1co] 23/11/2022 21:40

After the 34% increase today , the market cap is still only £3 million.It has been massively sold down over the last 18 months.

After today's news these oversold share's could finally enjoy a decent upside in the next 6 to 12 months.

[z1co] 23/11/2022 21:17

Denarius Signs Definitive Option Agreement With Europa Metals to Develop the Toral Zinc-Lead-Silver Project, Leon Province, Northern Spain

Author of the article:GlobeNewswire

TORONTO, Nov. 23, 2022 (GLOBE NEWSWIRE) — Denarius Metals Corp. (“Denarius Metals” or “the Company”) (TSXV: DSLV; OTCQB: DNRSF) announced today that, further to its news release on October 5, 2022, it has now entered into a definitive option agreement with Europa Metals Ltd. (“Europa”) (AIM: EUZ) dated November 22, 2022 (the “Definitive Agreement”), pursuant to which Denarius Metals has been granted options to acquire, in two stages, up to an 80% ownership interest in Europa Metals Iberia S.L. (“EMI”), a wholly owned Spanish subsidiary of Europa which holds the Toral Zn-Pb-Ag Project (the “Toral Project”), Leon Province, Northern Spain. Detailed information concerning the Toral Project was previously provided in the Company’s news release dated October 5, 2022.


Serafino Iacono, Executive Chairman and CEO of Denarius, commented, “We are very pleased to expand our scale in Spain through our partnership with Europa to develop an exciting high-grade polymetallic project located in a well-mineralized historic mining area and a proactive jurisdiction that also offers the potential for further exploration opportunities. The first year will see an application being made for a mining license at the Toral Project, thereby moving the project along the path towards potential future development. In subsequent years we will seek to expand the current footprint of the project to encompass the nearby historic third-party Antonina mine and delineate further high-grade mineral resources, following the success of Europa’s recent drillholes.”

[z1co] 23/11/2022 21:10

Europa Metals sees shares jump on definitive US$6mln farm-in for Toral project, fundraising



Europa Metals Ltd (AIM:EUZ, JSE:EUZ) has announced a US$6mln farm-in agreement for its flagship Toral project and an equity fundraising at a “substantial” premium, pushing its shares up by around 40% in early trade on Wednesday.

Europa Metals said it has entered into a definitive option agreement with Denarius Metals Corp that gives the Canadian junior the right to acquire up to 80% of the Toral lead-zinc-silver project in Spain in two stages, subject to the approval of Europa Metals’ shareholders.

Europa Metals announced last month that it had signed a letter of intent with Denarius.


Initially, Denarius can take a 51% stake by spending US$4mln over three years including the completion of a preliminary economic assessment (PEA) and the completion and submission of a mining licence application for Toral to the local administration by the end of July 2023, under the terms announced today.

Under Stage 2, Denarius can take a further 29% interest by completing an NI 43-101 compliant pre-feasibility study (PFS) for Toral and making a cash payment of US$2mln to Europa Metals.

"I am delighted to have agreed definitive documentation with our incoming joint venture partner, Denarius,” said Myles Campion, executive chairman and acting chief executive of Europa Metals in a statement.

Europa Metals also announced that it has conditionally raised £580,000 via a subscription for 12.89mln new shares at 4.5p each to an “existing supportive institutional shareholder and certain new investors”.

The price represents a premium of about 60.7% to yesterday’s closing share price. Shares in Europa Metal were up 39% at 3.88p in early trading in London.

“I am also pleased to have completed a capital raising of £580,000 at a substantial premium to the prevailing market share price, which augments our working capital position and clearly demonstrates confidence in the Toral project and our strategic direction in the current uncertain market conditions," added Campion.

[spec7] 23/11/2022 11:29

Yea well they did a 500:1 consolidation :-)
i think it is a good time to buy but for many this company is dragging a whole load of baggage still but at least LR has gone so that must help investor confidence.

[z1co] 23/11/2022 11:06

Another positive is even after the placing they still have less than 100m shares in issue.