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


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:

Highlights of the Economic Report can be found below, with access to the full RNS using the following link:

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 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/

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

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