Business
Corporate Review & Operational Update
Corporate Review & Operational Update.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 7465S\n Europa Metals Ltd\n 18 November 2021\n \n \n \n \n 18 November 2021\n \n \n Europa Metals Ltd\n \n \n (\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\n \n \n Corporate Review & Operational Update - Toral Pb, Zn & Ag Project, Spain\n \n \n Europa Metals, the European focused lead-zinc and silver developer, is pleased to announce a corporate review and operational update. \n \n \n \n \n \n Further to the recent £1.5m (gross) fundraising and successful draw down of the second tranche of \n €158,628.60 of the Company's innovation grant from the Spanish Government Centre for the Development of Industrial Technology (\"CDTI\"), \n the Company has commenced a number of initiatives and strategic refocusing to progress its development during the remainder of 2021/2022, as summarised below. \n \n \n · \n The Company's subsidiary, Europa Metals Iberia SL, is actively seeking potential asset financing through Spanish Federal and regional programmes with Insomnia Consulting (\"Insomnia\") (\n \n https://www.insomniaconsulting.es\n \n ) \n engaged to assist with applications through the appropriate channels. \n Insomnia has a strong track record in advising its clients on all facets of Spanish financing initiatives and client partnership agreements and will provide financing application support particularly in respect of Europa Metals' work at its wholly owned Toral Project (\"Toral Project\" or \"Toral\") implementing innovative new processes and designs in the Castilla y León region.\n \n \n · \n Preparations for a resource and geotechnical drilling programme focused on areas around the expanded indicated resource at Toral planned to commence in Q1 2022. The key objectives of the anticipated limited programme shall be to 'fill in' areas within the Company's existing block model and test the University of Salamanca's correctional algorithm in accordance with the requirements of the CDTI grant.\n \n \n · \n Progression of work regarding the potential utilisation of dry stack tailings which should serve to underpin low water usage, review of the potential for waste design/storage and reclamation initiative involving local, disused quarry sites. \n \n \n · \n An internal review of the project's proposed early years' production profile based on the 2021...