Europa Metals Limited · JSE:EUZ
Europa Metals — Investor Presentation (September 2020)
15 slides from Europa Metals's investor presentation, September 2020
Slide 1: Toral Pb, Zn & Ag Project, Spain
Lead, Zinc, Silver AIM, Altx: (EUZ) Toral Pb, Zn & Ag Project, Spain Significant Indicated and Inferred JORC (2012) resource, Spain Metallurgy and XRT ore sorting proving up high grade concentrates Scoping Study and PEA complete – PFS underway
Slide 2: Cautionary Statement/Disclaimer
Toral Pb, Zn & Ag Project, Spain Cautionary Statement/Disclaimer This presentation has been prepared by Europa Metals Limited (‘EUZ’, ‘Europa’, ‘EM’ or ‘the To the fullest extent possible Europa and its Directors expressly disclaim any liability arising under Company’, AIM and Altx: EUZ). It should
Slide 3: Toral Pb, Zn & Ag Project, Spain
Toral Pb, Zn & Ag Project, Spain Toral Pb, Zn & Ag Project, Spain Indicated resource category** •3.8 Mt @ 8.3% Zn Equivalent (including Pb credits) and 30 g/t Ag Scoping Study* economics approximate indicated resource •US$110 million NPV (announced 2018) $ •Approx. 180,000 . contained tonnes Zinc, 1
Slide 4: Company Overview
Toral Pb, Zn & Ag Project, Spain Company Overview Board and Management Europa Metal Ltd* AIM, Altx Listed (EUZ) Australian Registered Ultimate Holding Company ACN 097532 137 Europa Metals Iberia, S.L Ferrum Metals Limited Myles Campion Laurence Read Dan Smith Dr Evan Kirby Jesus Montero (100% subsid
Slide 5: Toral Lead, Zinc and Silver Project (Spain)
Toral Pb, Zn & Ag Project, Spain Toral Lead, Zinc and Silver Project (Spain) 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 gra
Slide 6: Toral – Spain, A European Metals Base
Toral Pb, Zn & Ag Project, Spain Toral – Spain, A European Metals Base Close cooperation Province of with Junta of Industrialized Infrastructure León – Castilla y Leon area – regional corridor – Grant process established has allowed mining road, rail & being pursued mining region delivery of experti
Slide 7: +40,000m of historic drilling – History
Toral Pb, Zn & Ag Project, Spain Toral – History + 40 000m 1980’s Core stored Europa of historic Penaroyya to in Spanish Metals drilling 2007 Lundin government Delivers: Lithoteca § Maiden resource published in 2017 in § Metallurgical test programmes complete accordance with JORC (2012 Edition) § Ge
Slide 8: Toral – Resource Overview
Toral Pb, Zn & Ag Project, Spain Toral – Resource Overview Indicated resource Global resource Metallurgy/Economic Technical category** (JORC)** recovery • 3.8 Mt @ 8.3% Zn • 17 Mt @ 6.9% Zn • Environmental • Significant Indicated Equivalent (including Equivalent (including Baseline studies and Infer
Slide 9: Toral – Resource Estimate JORC (2012 Edition)
Toral Pb, Zn & Ag Project, Spain Toral – Resource Estimate JORC (2012 Edition) Table 1: Summary of Indicated and Inferred mineral resources, reported at a 4.0% Zn equivalent cut-off grade (Zn Price:US$2,680/t,US$c/lb1.215, Pb Price Used:US$2,100/t, US$c/lb0.952. Ag Price Used:US$16.2/oz. Figures are
Slide 10: Toral – Block Model
Toral Pb, Zn & Ag Project, Spain Toral – Block Model The updated mineral resource estimate as of August 2020 for the Toral lead-zinc-silver deposit comprises: § High grade core identified in initial work, area has been focus of recent campaigns and successfully upgraded from inferred to indicated. §
Slide 11: Toral – Economics [Update underway for 2020]
Toral Pb, Zn & Ag Project, Spain Toral – Economics [Update underway for 2020] Scoping Study* economics § US$110 million NPV (announced 2018) IRR § 24.4% Capex § US$110m Opex § US$25/t OPEX Steady state § US$26/t MCAF Mine Profile § Underground MCAF § 15 Year mine plan § 4% cut off * Scoping Study is
Slide 12: Toral – Preferred Mining Option
Toral Pb, Zn & Ag Project, Spain Toral – Preferred Mining Option § The conceptual scenario selected progresses decline access ramp with a high grade focus § Mechanised Cut and Fill (MCAF) mining method proposed § Entry to mine via a principal decline reaching various levels § Series of internal mini
Slide 13: Toral – Metallurgy
Toral Pb, Zn & Ag Project, Spain Toral – Metallurgy Zinc Concentrate § 87.7% Zn recovery to a 60.0% Zn concentrate Lead/Silver Concentrate § 83.9% Pb recovery to a 79.2% Pb concentrate; § 87.7% Ag recovery to 512ppm Ag within Pb concentrate Bulk Concentrate § Analysis indicates that this ore type ma
Slide 14: Europa – Next 12 months
Toral Pb, Zn & Ag Project, Spain Europa – Next 12 months Current Technical work Corporate work programme programme • Continue with geometallurgy, • EU Grant application for collating and defining project funding representative ore types • Investigation Permit decision within the deposit by the Junta
Slide 15: Summary
Toral Pb, Zn & Ag Project, Spain Summary § Considerable exploration work completed demonstrating potential for progressing high-grade lead, zinc and silver project in Spain § Significant indicated and inferred resource open at depth and along strike § Metallurgical results very promising, with a hig
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