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Share Name Share Symbol Market Type Share ISIN Share Description
Europa Metals Ltd LSE:EUZ London Ordinary Share AU0000090060 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.75 -6.12% 11.50 11.00 12.00 12.25 11.50 12.25 319,986 12:15:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.9 -0.0 - 6

Europa Metals Ltd Video fly through for the Toral Project

18/11/2020 12:00pm

RNS Non-Regulatory


TIDMEUZ

Europa Metals Ltd

18 November 2020

18 November 2020

Europa Metals Ltd

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

Video fly through for the Toral Pb, Zn & Ag Project, Spain

Europa Metals, the European focused lead-zinc and silver developer, is pleased to release a new 3D model flyover video, demonstrating the Toral Pb, Zn and Ag project located in the region of Castilla y León, north-west Spain.

The video follows the announcement of the new Independent economic report and mining approach released this morning and can be viewed using the following link: https://www.youtube.com/watch?v=qLbiyfItXbY&feature=youtu.be

Highlights of the Economic Report can be found below, with access to the full RNS using the following link: https://www.londonstockexchange.com/news-article/EUZ/result-from-independent-preliminary-economic-study/14759739

Highlights :

   --      US$156m NPV at an 8% discount rate 
   --      31.3% IRR 

-- 17Mt @ 6.7% ZnEq (including Pb credits) resource (JORC 2012) including indicated resource of 3.8Mt @ 8.1% ZnEq (including Pb and Ag credits) - 4% cut off grade

   --      Sub-Level Longhole Stoping ("SLOS") mining method selected 
   --      700k tonnes per annum operation with a 7.6% ZnEq mined grade: 
   o   SLOS with ramp/raise-bore shaft access; 
   o   10% dilution; 
   o   3.5m average mined mineralised widths 

-- Processing comprises an ore sorting front-end using X-ray Transmission ("XRT") followed by grinding and flotation

   --      Grade/recovery: 3.3% Pb/87%; 4.2% Zn/86%; 26.7g/t Ag/85% 
   --      US$79m upfront Capex 

-- 3-year trailing average metals prices of US$2,668/t for zinc, US$2,099/t for lead and US$16.5/oz for silver

   --      US$963m Revenue over Life of Mine ("LOM") 
   --      US$477m Opex over LOM 
   --      US$471m EBITDA over LOM 
   --      49% Operating Margin (US$63.56/t all-in cost) 
   --      12-year LOM scenario 

-- Conceptual LOM production schedule incorporates 100% of the existing Indicated resource in the early years, ending with elevated zinc grades in the deep Inferred zones

-- Deposit open to the east and at depth for potential production expansion during the mine's life

-- Project's 3-year Investigation Permit renewed until 15 November 2023 (as announced previously on 12 November 2020)

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, CEO (UK)

T: +44 (0)20 3289 9923

Linkedin: Europa Metals ltd

Twitter: @ltdeuropa

Vox: Europametals

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 3657 0050

Sasfin Capital Proprietary Limited (a member of the Sasfin group)

Sharon Owens

T (direct): +27 11 809 7762

Tavistock (PR)

Emily Moss/ Oliver Lamb

T: +44 (0) 207 920 3150 / +44 (0)7920 100 161/ EuropaMetals@Tavistock.co.uk

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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November 18, 2020 07:00 ET (12:00 GMT)

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