Europa Metals Limited · JSE:EUZ
Europa Metals — Shareholder Meeting (December 2023)
18 slides from Europa Metals's shareholder meeting presentation, December 2023
Slide 1: Annual General Meeting 2023
AIM, Altx: (EUZ) Searching for new strategic assets with near term value potential US$6m Farm-In/JV with Denarius Metals Corp. “we will lead the development of this high-grade polymetallic project” Denarius Chairman and CEO, Serafino Iacono Annual General Meeting 2023
Slide 2: Cautionary Statement/Disclaimer
Cautionary Statement/Disclaimer Investors Resident in the UK: This Presentation is only being made available to the following in the United the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of Kingdom: persons that are "qualified investors
Slide 3: Annual General Meeting 2023
Annual General Meeting 2023 • Europa confirmed the signing of a definitive agreement, a US$6m farm-in arrangement with Denarius Metals Corp in late 2022 • The First Option over 3 years conditional upon: expenditure of US$4m, completion of a preliminary economic assessment (“NI43-101 PEA") and the co
Slide 4: Denarius Farm-In Joint Venture
Denarius Farm-In Joint Venture • Option Agreement entered into with Denarius (TSXV: DSLV) • “First Option” to subscribe for 51% of Europa subsidiary EMI, which holds the Toral Project, by spending US$4m • and a “Second Option” to potentially acquire an additional 29% for US$2m cash to Europa • Trans
Slide 5: First Option
First Option • US$4m by way of a loan (the “Loan”) to EMI (the “First Option Expenditure”) Denarius entitled to capitalise the Loan for the issue to it of 51%. • If First Option is not exercised, Denarius shall be required to assign the loan to Europa Metals for US$1 • 3 Year period, which Denarius
Slide 6: Second Option
Second Option The Second Option may be exercised by Denarius within a period of one year from the date of closing of the First Option conditional upon: • exercise of the First Option; • completion of a NI 43-101 compliant pre-feasibility study (the “PFS”) on the Toral Project at Denarius’s own cost;
Slide 7: Toral
Toral Licence boundary overlapping local municipal areas Province of León - established mining region Close cooperation with Junta of Castilla y León has allowed delivery of multiple work programmes Pro mining jurisdiction >190 Active Investigation permits 30+ Mining Licences granted in last 6 years
Slide 8: Resource as of December 2022
Resource as of December 2022 West-East long section of Toral Resource (AMS Consulting) • Indicated resource estimate of approximately 7Mt @ 8.1% Zn Equivalent* (including Pb credits) and 29g/t Ag, representing an approximate: o 19% increase in Indicated resource tonnes; o 39% increase in Indicated c
Slide 9: Resource drilling 2023
GB <200 GBB 2.00t04.00 BB 40080600 BB 6.00t08.00 GB 2.0080 10.00 @ >= 10.00 %ZnEq (Pb,Ag) Drillcollar Area of influence impact point eqxmee Indicate resources boundary EUROPA NQMetTALs
Slide 10: Drilling Results 2023
Drilling Results 2023 Hole ID From To Interval (m) Zn_% Pb_% Ag_ppm Cu_% ZnEq(PbAg)%* TOD-044 490.85 498.80 7.95 2.56 1.73 14.65 0.04 4.46 TOD-044 (including) 490.85 495.1 4.25 3.93 2.06 16.79 0.04 6.17 TOD-044 (including) 492.65 494.2 1.55 8.35 2.76 24.31 0.05 11.40 TOD-045 592.00 596.95 4.95 7.31
Slide 11: Mining Licence Application (MLA) October 2023
Mining Licence Application (MLA) October 2023 The MLA is applied for under a Mine Exploitation Project and Rehabilitation Plan and accompanied by an Environmental Impact Assessment and covers all aspects of mining, environmental and rehabilitation and includes: • A detailed description of the area w
Slide 12: MLA Exploitation Plan
MLA Exploitation Plan Underground mining is considered to be the most technically, economically, and environmentally viable development option. The application considered three main areas 1. Construction phase, in which the construction of the main facilities such as road access, treatment plant and
Slide 13: Mine workings, plant and footprint
Mine workings, plant and footprint 13
Slide 14: Plant and waste dump
Plant and waste dump » Término Municipal de Toral de los Vados Término Municipal de Carracedelo Término Municipal de Carucedo f ; 5 EUROPA METALS SENSE Ne PROYECTO DE EXRLOTACION MINA TORAL ISTALAGONES DE SUPERFIOE ZONA DE INSTALACIONES PRINCIPALES / ant “ae
Slide 15: Circular Waste Management and Rehabilitation
Circular Waste Management and Rehabilitation • The total area occupied by the project facilities is approximately 33 hectares, of which about 7 hectares are currently the disused limestone quarry, La Estrella, which as part of Toral’s restoration plan is to be rehabilitated by back filling with wast
Slide 16: Environmental
Environmental • The EIS includes a detailed characterisation of the area where the project will be developed. Specific studies have been carried out, including: • Perceptual physical media: Atmospheric dispersion study, pre-operational acoustic study, landscape integration study and a hydrological-h
Slide 17: Looking forward into 2024
Looking forward into 2024 A meeting was held in Madrid between Denarius and Europa to discuss results and remaining work schedules and next steps Remaining work for 2023: • Hydrogeological boreholes were drilled and cased in mid September with follow-on pump testwork completed in late October • Data
Slide 18: Lead, Zinc, Silver
Lead, Zinc, Silver AIM, Altx: (EUZ)