PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Proactive says they looking at new projects too
https://tinyurl.com/ycylpn2q
To this end, the management team has reviewed over 10 projects, with two being discussed and evaluated at Board level, and we intend to continue such activity and to identify, investigate and assess additional opportunities of potential interest. Further updates will be provided as and when appropriate," Europa Metals said.
They must have something again UFO did the same thing at 9p aquired something then it shot up..We await on Bennelong.
Maybe this artcle explains it why LR had to go
(Alliance News) - Europa Metals Ltd said on Wednesday it had reduced its interim loss and confirmed that its Spanish zinc project showed potential for a future development.
The Europe-focused lead-zinc and silver developer saw its pretax loss narrow to AUD1.4 million, around ZAR15.2 million, for the six months to December from AUD1.6 million in the prior year.
Exploration expenditure dropped by a quarter to AUD711,643 from AUD950,854.
Basic loss per share shrank to AUD2.31 from AUD3.67.
Europa Metals said it continued to advance its understanding of the Toral project, which is located in the Castilla y Leon region, Spain, as a potential future low capital expenditure, high margin, lead, zinc and silver mine within the European Union.
Toral has progressed from being a collection of historical data points to a project with the potential for a future development, it said.
An independent updated resource estimate yielded a 55% increase in the indicated resource to about 5.9 million tonnes of zinc.
Since completing the scoping study in December 2018, the company's workstreams have focused on additional resource drilling, geotechnical drilling, metallurgical testwork and environmental baseline studies.
In late October, the group secured a GBP1.5 million equity financing through the placing of 19.5 million new shares to certain institutional and other investors. The net proceeds will be utilised to further progress and de-risk Toral. These funds will also be used for general working capital purposes.
"To this end, the management team has reviewed over 10 projects, with two being discussed and evaluated at Board level, and we intend to continue such activity and to identify, investigate and assess additional opportunities of potential interest. Further updates will be provided as and when appropriate," Europa Metals said.
In Johannesburg, Europa Metals shares remained unchanged at ZAR0.90 on Wednesday morning, while they rose by 3.2% to 4.00 pence in London.
By Artwell Dlamini; artwelldlamini@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved
That statement On completion of the Stage 2 work, currently expected to occur during 2022
Meaning that work completed in 2022 any commercial benefit from an eventual product will be shared by the partnersie once the drilling is complete or ore sorting is complete... if Salamanca can see any benefit they will possibly buy this.
Im struggling to see where you are reading bricks
It says meet the team looks they updated the content just not LRs face. Not one of them can run a company between them. The RNSās have bennelong all over them guess they took that on.
No news of this mystery asset still. Oh well April is coming very quickly. At least we know there is nearly 4million is assests sure we could get a loan against that to fund buying something else and get the PFS done.
http://www.europametals.com/site/corporate-information/Board-of-Directors
Nope. It seems nothing gets updated since MC is in charge last RNS not on LinkedIn or Twitter. Although most of the time not useful at least LR posted on socials where the bots do a search on information about EUZ
I think if Lundin wanted back in they would have done it by now
https://documents.chitra.live/api/v1/documents/93e02981-b7d6-4b42-a774-b52323aceca7/download
Back in 2020 iberia has its own fund managers look at the article above page 37 from 2020 just so happens Bennelong (Bennbridge) BFM group same thing are part of this. I do believe now bennelong are onboard they are actively looking for investment
So what weāre saying is to get the mine constructed capex 79,000,000 PFS and did between 100 - 200 million dollars considering thereās 2 billion in the ground over 12 years thatās peanuts. Now if the resource is expanded and we get and extra billion or cut the early payback happy days. Thatās not based on current zinc prices either but previous
Shed if we have to give some away so be it im sure a lot of us long term holders would be happy with 25-30p a share. I know I would.
I do see a lot of foreign investment coming in with renewables hot after the heavy oil price rise every investor moving out of Russia.
There is accumulation going on at these low prices 200,000 bought yesterday most weāve seen in a while.
finalize the design of a sustainable mining project with development guarantees
Surely this is where we are with the plant about to be found out increase the resource. Someone will want this.
Yesterdays linked in message
Strong impulse from MITECO (Spanish Ministry for the Ecologic Transition) to mining projects located in Spain: this consultive federal document is focused on the supply of mineral raw materials explored and obtained and here in Spain.
The Spanish government want projects like ours.
Werent we applying for a mining license by 2023?...Just saying LOL
Thanks to Diario de LeĆ³n, leading media in our territory, for spreading the immediate forecoming works as planned in schedule at Proyecto Toral. Data from the independent studies signed by Wardell Armstrong International are therefore being consolidated.
https://www-diariodeleon-es.cdn.ampproject.org/c/s/www.diariodeleon.es/articulo/bierzo/europa-metals-retoma-toral-perforaciones-mina/202203140334382201395.amp.html
According to google and the full ask was paid but thatās trading between a stupid spread still on small volumes. Share price is still showing 4 definitely not much stock available
On the plus side the Ā£33 shares bought today shoot us up 12.5%
Or did he bring Bennelong in they saw no need for LR forced him out. Weāve heard nothing on a new project since his departure I canāt see we now have the funds in the bank 5 months into the fund raise and nothing has been signed. Will they try and force the SP up to the 12.5p for the next lot or will those shares disappear. Time definitely ticking now things need to move.
Sounds like they know where the extraction plant definetly will be then. You dont do these things unless youre actually going to mine a product.
They need to close the gap on this pre open a 42% spread itās been for weeks. Mms let this go you know news is due and very little stock is available
Evening Shed interesting question but Iām guessing something will be known very soon
January we had this in the RNS
Ore sorting testwork is now underway by TOMRA, a leading provider of ore sorting technology based in Germany, which is being overseen by Wardell Armstrong International Ltd, Cornwall ("WAI"). The ore being sorted is from the upper zone material retrieved from the Company's 2021 drilling campaign, which included four successful daughter holes, in order to assess and determine the maximum efficiencies for recovery and concentrate processing in the early years of the future Toral production profile. Following completion of the testwork, waste testing will commence to investigate the suitability of potentially implementing a low water, dry stack tailings model that can backfill into the future mined areas of Toral and utilise surrounding, disused quarry sites, as part of a reclamation strategy being developed with local stakeholders.
A further limited geotechnical and resource drilling programme is also planned to commence during the current quarter. Geotechnical drilling and studies will initially serve to determine ground conditions at several potential plant sites, whilst ground assessment work has begun at a disused quarry site identified for potential reclamation. Resource drilling will then seek to incrementally expand the Company's pre-existing 5.9 million tonne Indicated resource estimate.
February
A short programme of geotechnical drilling is underway at the Toral Project, designed to secure further data on the expected ground conditions at several proposed sites for a future plant. This programme is expected to be completed in the coming weeks.
A further campaign of resource drilling is expected to commence in early March 2022, which is designed to incrementally augment the current indicated JORC resource estimate of 5.9Mt @ 7.8% Zn equivalent (including Pb credits) and 27g/t Ag at depth.
Metallurgical work continues, with ore sorting testwork having been completed in Germany and samples returned to Wardell Armstrong International Ltd in Cornwall for the continuation of the programme. The programme has been designed to further develop the ore sorting process route through the utilisation of the bulk sample, along with increasing the spacial representivity within the current defined indicated resource via the testing of two deeper samples to provide further information on the processing characteristics of the ore. Tailings products from this testwork will be evaluated for use in dry stacked tailings for proposed future reclamation work and as paste back fill for underground support.
Guessing WAI will now know if there are any metals in there along with Tomra. Should have an RNS on plant site soon Iām guessing geotechnical survey can take 2-8 weeks to complete. I wonder if this is the leak and the reading between a 28% spread.
GLTA looks like this is coming together
Well the rise was short lived someone bought it back down end of play :(