RE: Report?8 Oct 2021 18:35
The good news is today they have learned about Women Coal miners
https://twitter.com/LtdEuropa/status/1446393554046160897
We have recently learned about the exciting story of women coal miners in El Bierzo thanks to Abel Aparicio, author of the book "Where is our bread?", With true stories of the pioneers in the fight for equal rights in mining.
Maybe they will be employing more women when they get this to mine. I understand LR wanted to put the mining application in 2022 ready to be approved 2023 and construction to start ready to be mining in 2024 /25. The mining application takes about 18 months from what i remember from a presentation.
If you look at this announcement from Nov 2020
https://www.fmp-tv.co.uk/2020/11/18/7024/
Outlook
The robust updated economics (+/- 30%) for Toral are well supported by a global supply situation for lead and zinc, which the Company’s Board believes will put such higher grade potential producers at a distinct commercial advantage.
Aided by the drawdown of the initial tranche ( €163,380) of the recently announced innovation grant from the Centre for the Development of Industrial Technology (CDTI), the Company will now progress work streams towards a PFS and ultimately seek to make an application for a mining licence, including:
Additional resource drilling to:
Convert additional Inferred resources to the Indicated category;
Increase its knowledge base with respect to the potential lower-grade mineralisation zones to potentially bring them into the mining inventory through XRT ore-sorting; and
Geometallurgical drilling
Further metallurgical testwork on the current ore types identified
Geotechnical assessment across all aspects of the project:
Rock mechanics
Waste management
Plant location
Hydrogeological testwork:
Drilling of a further two holes for piezometers
Pump testing
Water monitoring
Environmental assessment:
Continuation of baseline studies
Increase data gathering
Social/community aspects:
Build on existing strong relationships with the local community
Such workstreams will help determine the most value accretive ways to develop the Toral project towards production.
From this information until we have all the information from this we are fully cashed up. Not to mention again we have only drawn down tranche 2 of the grant and the grant wouldnt have been permitted if you couldnt complete the work. The Grant was due to be drawn down over 18 months from when it was given which was october 2020. Therefore why would you give a grant without knowing a company has finance to do the work. Cnat beleive Junta would have not done their sue diligence heres a grant dont wory about if you go bust..Hmmmm
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