RE: As Predicted9 Dec 2021 11:48
LR did write this last week on his Linked in im expecting some sort of RNS about the cost cutting soon who knows probably the EUZ christmas party at number 10 lol
Following successful AGM Monday team onsite at Toral Pb, Zn & Ag project, Spain- Q1 2022 targeting resource drilling supported by Govt Innovation loan. Objective to build value in 22 from Toral & potential near term value projects.
With the second part of funding now secured at AGM and the first tranche of CDTI innovation grant approved 2022 objectives are:
-Europa to secure strategic pathways to progress Toral forward into development stage and realise equity value. Toral is now an advanced lead, zinc and silver project adhering to best practice EU/Esp. regulation located in a region with a very high renewable power constituent within the local grid and first class infrastructure. The project has clear expansion potential beyond current 12y mine life- low capex, 50% Ebitda
- Assess new projects that could lead to near term value growth using our expertise in identifying and efficiently progressing undervalued assets in attractive metals spaces
- Toral- resource drilling, met./low water use waste analyse/waste site geotech drilling to assess potential to use and reclemate disused quarries in immediate area, further economic analysis of upper zones of Toral (following 2021 work) and impact on early payback
- Apply for further regional initiative packages to bring new jobs for Spain/EU implementing innovative, ESG compliant, development processes
- Cost cutting programme underway