Business
Board Changes & Update re: Current Work Programmes
Board Changes & Update re: Current Work Programmes.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \n \n RNS Number : 1415V\n Europa Metals Ltd\n 05 August 2020\n \n \n \n \n 5 August 2020\n \n \n Europa Metals Ltd\n \n \n (\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\n \n \n Board Changes and Update regarding Current Work Programmes\n \n \n Europa Metals, the European focused lead-zinc and silver developer, today announces changes to its board of directors (the \"Board\").\n \n \n Mr Colin Bird has resigned as non-executive Chairman of the Company with immediate effect. Accordingly, Mr Myles Campion has been appointed executive Chairman (previously executive and technical director) and Mr Laurence Read has been appointed as CEO, both taking effect immediately. All other Board positions remain unchanged and it is envisaged that a new non-executive director will be sought in due course. The Board wishes to thank Mr Bird for his contribution to Europa Metals during its initial exploration period in Spain. The Company's core team working on the Toral Project remains unchanged, overseen by Europa Iberia COO, Jesus Montero.\n \n \n The restructuring of the Board comes at a time when Europa Metals moves forward with the next stage of work at its wholly owned Toral lead, zinc and silver project (\"Toral\" or the \"Toral Project\") situated in the region of Castilla y León, north-west Spain. Work undertaken by the Group to date, in the Board's view, demonstrates the potential value and robust economics of the project.\n \n \n The Company is currently focused on increasing its understanding of the Toral Project, with the following workstreams ongoing:\n \n \n · \n A new, third phase, metallurgical study, being conducted by Wardell Armstrong International (\"WAI\").\n \n \n · \n An ore sorting analysis programme conducted by Bara Consulting. \n \n \n · \n A product marketing and sales initiative. \n \n \n · \n EU grant application for project funding. \n \n \n · \n Awaiting Investigation Permit decision by the Junta of Castilla y León for a further three years.\n \n \n \n \n \n Given the progress being made in respect of ongoing workstreams, the Board believes it is an appropriate time to commission an independent JORC (2012) resource update, to be conducted by Addison Mining Services (\"AMS\"). The updated JORC resource will include the high grade drilling results from the 2019 programme that in...