(Alliance News) - Europa Metals Ltd on Friday said it has submitted an initial document for its Toral lead-zinc-silver project located in Spain for formal review by stakeholders.
Europa Metals shares were up 5.7% at 0.018 pence in London and were flat at ZAR0.01 in Johannesburg.
The document was submitted for "review by all key administration stakeholders, including the department of the environment, Castilla y Leon region, Northwest Spain, and private stakeholders" and is part of the process of obtaining an exploitation licence for Toral.
The document includes a conceptual plan for Toral and is available for a 30-day period, with Europa holding "engagement activities" with stakeholders in that time. Feedback from the review will be used to structure the exploitation licence's environmental parameters.
Executive Director Laurence Read said: "Ensuring community support and backing at all levels for a new mining project is an essential step in the modern resources industry. We believe that such transparency and adherence to best practice standards in place within Spain, is beneficial to the company's compliance with global supply chain standards, an increasingly important factor for the supply of both industrial and precious metals.
"With the previously announced legislative changes in land use for mining within the Castilla y Leon region, aimed at clarifying the permitting process through standard environmental impact assessment for metal mining projects driven by the regional government, we are pleased to have submitted the [initial document] for consultation and feedback and look forward to progressing Toral towards a development decision."
Europa Metals (EUZ)