Europa Metals achieves milestone with formal licence application for Toral mine in Spain
London
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October 23, 2023 11:02 AM Eastern Daylight Time
Europa Metals Ltd executive chairman Myles Campion joins Proactive's Stephen Gunnion with news that the company has submitted a formal licence application for the Toral mining project in Spain.
Campion said the milestone follows three to four years of dedicated teamwork through the process of exploration, evaluation and the prosecution of planning at Toral.
The application came under an exploration campaign agreement with Denarius Metals Corp and Campion said the company will continue to work with Denarius, which has a two-stage option agreement to earn a 51% stake in the project.
He said 2024 will see the recommencement of drilling and work commence on a preliminary economic assessment.
Europa Metals is a lead-zinc exploration company focused exclusively on European projects.
The company believes Europe, and in particular Spain, is an unrealised region for modern mine development and that the opportunity to create new mines within a best-practice social and environmental framework, near first-class infrastructure, is significant.
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