Member Info for BricksSA

The statement in the RNS clearly says.... MED will remain a Kibo subsidiary after listing with Kibo holding 55,42% interest on the day of Admission....so surely KIBO will get revenue from this venture....and MCAP surely must increase.

At present, we are engaged with a number of parties who are reviewing the full report and the Toral project’s data room, as well as progressing the Toral project’s PFS. ...LR qoute

At the time of writing, further drilling is underway at the Toral project to form the basis of a Pre-Feasibility Study (“PFS”) whilst corporately we are actively involved in a number of initiatives that we believe could potentially lead to a major value event for all Europa Metals shareholders. Further updates will be made as and when appropriate. MC quote.

JSE website: https://senspdf.jse.co.za/documents/2021/jse/isse/euze/euz2021.pdf

Sorry Sheds...you are 100% correct....again....it was always the old one. LR says it will be up within 24 hours. Apologies :-)

Lols...it was honestly there for a while...I think it has been taken down for some reason....weird.

It’s this years...the dates wrong on the cover page....read it it talks about 2021.....

Strange...it reads 2019 last report. Sorry....:-(

I posted the link previously....:-)

http://www.europametals.com/site/PDF/e1006134-dfb0-4aca-ad03-2e8c5660a629/HalfYearFinancialReport31Dec2019

All goodly imo...
The consolidated financial statements have been prepared on the basis that the Group will continue to meet its commitments and can therefore continue normal business activities and realise its assets and settle liabilities in the normal course of business.
In arriving at this position, the Directors are confident of the ability of the Group to raise capital and are reviewing other funding alternatives including:
• managing the Company’s working capital requirements; and
• raising additional funds via debt if required.
The Directors have reasonable grounds to believe that they will be able to complete any required future capital raisings and/or achieve any of the above funding alternatives

And this was in the news 25th March... https://www.diariodeleon.es/articulo/bierzo/modificacion-ley-urbanismo-facilita-apertura-proyectos-mineros/202103250232232098102.html

The modification of the Urban Planning Regulations of Castilla y León (RUCyL) to allow extractive activity in protected rustic soils opens a new time for mining in El Bierzo, and not only for the Europa Metals project, in the area of ??Toral de los Vados, which could fit into the new legislation.

Until now, the results of the research surveys in the Toral and Carucedo mountains coincide with the economic aspirations of future exploitation. The proof is that in the entire investigation process and other works they confess to having invested more than 6 million euros. Europa Metals successfully reached months ago the drilling of the second hole (TOD22) in Toral, reaching a depth of 761.30 meters. After hole two, he drilled the third, further west of the previous two. With this, it pursues, according to the company, three purposes: to take samples for metallurgical tests and to see if it is a replica of another well, Peñarroya, drilled in 1984. A third "purpose" is to increase the understanding of how the wells behave. high-grade mineral sprouts. Now they are drilling in the mountains near Campañana (Carucedo).
Source: https://www.diariodeleon.es/articulo/bierzo/prospecciones-aspiraciones/202103140232132094717.html

I read grant being pursued on slide 5....Also slide 6 advance discussions....either to or advanced....not sure.

This from the link I posted..... Mining regulations also allow national authorities to establish reserved areas in which the existing mineral resources are declared of interest for economic and social development, and national defence. In that case, the authorities can do the following:
Directly investigate or exploit the resource.
Hold a public tender to select a concessionaire.
Form a consortium between the authorities and a third party.
That declaration does not affect the pre-existing rights and mineral rights that can be awarded over other mineral resources in the same area.
Fees

Exploration and investigation permits, mining authorisations and concessions are subject to the payment of tax fees to the competent regional authorities. The amount of these fees varies depending on the autonomous community. In addition, the transfer, lease or levy of a mining right is also subject to the payment of an applicable tax fee.
Liability

Law 22/1973 of 21 July and Royal Decree 2857/1978 of 25 August contain a sanctioning regime, which distinguishes between minor, serious and very serious offences. The penalties can consist of a fine up to EUR30,000 for minor offences, EUR300,000 for serious offences and EUR1 million for very serious offences. In addition, the expiration of the mining right may be declared in case of certain offences.
The sanctioning regime of other related rules can also apply, such as those under the:
Law 22/2011 on waste and polluted soils.
Law 26/2007 on environmental liability.
Law 21/2013 on environmental assessment.
Criminal liability may arise when a certain action (such as an extraction or an excavation) takes place without complying with applicable rules and there is a risk of serious damage to the environment. This it cannot be contractually limited or excluded. Tort offences can also arise if damages are caused to third parties.
Restrictions

The holder of a mining right must have legal personality and sufficient financial and technical solvency to develop the mining activity.
According to Article 18 of the Treaty on the Functioning of the European Union, there are no restrictions on the nationality of the person requesting the award of a mining right.
5. How are such leases, licences or concessions awarded?
To obtain a section A authorisation, the following main steps must be taken:
Filing an application with the corresponding regional authority (depending on the case, a fee may need to be paid).
After an internal report has been completed, the authority will decide whether to award the authorisation.
For minerals under section B, the procedure varies depending on the type of resources. Typically, a declaration that the resource exists is required from the regional authority, before the application can be filed. The procedure can also include a period where the public request information about the proposed exploitation and the publication of the application in the official gazette. Also preferential

I think you may be right trade.... https://uk.practicallaw.thomsonreuters.com/w-010-6661?transitionType=Default&contextData=(sc.Default)&firstPage=true

And to prove the algorithm I would guess they have to test it and run it for a while afterwards...?
So drilling still happening imo....

Sheds...I’m of the opinion if one is creating an algorithm to stop drill deviation ....one would most likely have to create some form of drill deviation. I certainly am not an expert on this subject but hence the protracted period for reporting on drilling progress I am guessing....Would love to hear from someone who knows though.....Good luck D

Thanks Trade for translation. …seems like a hellova lot is going on within EUZ at the moment......all goodly imo. Hopefully some formal RNSs soon.

Maybe Elena can paste a link .....and give us a synopses of what the agenda was ? Now that would be nice....:-)