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Scoping Study Commencement - Toral Project, Spain
Scoping Study Commencement - Toral Project, Spain.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \nRNS Number : 7778R Europa Metals Ltd 19 June 2018 \n\n19 June 2018\nEuropa Metals Limited\n(\"Europa\", \"EUZ\", the \"Company\" or the \"Group\")(ASX, AIM, JSE: EUZ)\nScoping Study Commencement - Toral Project, Spain\nEuropa Metals, the European lead-zinc explorer, today announces that it has engaged the services of UK based Addison Mining Services Limited (www.addisonminingservices.com) (\"AMS\", \"Addison\") with immediate effect, to commence an initial Scoping Study (the \"Study\") on the Company's 100% owned Toral lead, zinc and silver project located in the Province of Leon, Spain (the \"Toral Project\"). Addison previously compiled the Toral Project's maiden independent JORC (2012) mineral resource estimate, announced in January 2018. \n \nThe principal objective of the Study will be to determine first economics on the Toral Project, reported on by a fully accredited and independent mining consultancy group. The findings of the Study will be disclosed to the market following completion, which is currently anticipated during Q4 2018. \n \nAddison's Principal Geologist, James Hogg, and Associate Principal Mining Engineer, Julian Bennett, will lead the Study project team dedicated to the Toral Project. The dedicated Study team will work alongside the Company's existing in-country management, under the direction of Myles Campion, Technical Director, and Jesus Montero, principal Mining Engineer from Mining Sense. The specific workstream headings for the work to be undertaken for the Study are as follows: \n \n· Resource optimisation of recently completed JORC 2012 Inferred resource;\n· Preliminary mine layout;\n· Mineral inventory estimation;\n· Preliminary Economic Assessment, DCF and sensitivity analysis;\n· CAPEX and OPEX parameters; and\n· Review of environmental, hydrogeological and geotechnical parameters.\n \n \nMyles Campion, Executive / Technical Director, commenting today, said:\n\"We are delighted to appoint Addison Mining Services to conduct the initial Scoping Study over the Toral deposit and look forward to working closely with them to combine their experience with our on-ground knowledge to move Tora...