Europa Metals Ltd NPV (DI) (EUZ)

Sector:

Mining

Index:

FTSE AIM All-Share

 1.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.15
  • 52 Week Low: 1.40
  • Currency: UK Pounds
  • Shares Issued: 97.67m
  • Volume: 0
  • Market Cap: £1.37m
  • RiskGrade: 305

Europa Metals upbeat on latest testing at Toral

By Josh White

Date: Wednesday 23 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Lead, zinc and silver developer Europa Metals announced positive results from x-ray transmission (XRT) ore sorting test work at the Toral project in Spain on Wednesday.
The AIM-traded firm said a bulk sample of siliceous mineralisation and two further discrete carbonate samples from the indicated mineral resource zone at Toral were evaluated by Tomra in Germany.

It said the XRT test work formed part of a wider metallurgical programme, including locked-cycle flotation test work and tailings evaluation for backfill.

Results from the siliceous bulk sample showed "excellent" recovery of 95.7% lead and 94.3% zinc metal, a 43.7% mass rejection of waste, an overall enrichment ratio of 1.7 for both the lead and zinc, and an increase in the zinc equivalent to 6% from 3.56%.

The company said results from hole TOD-025D specifically revealed a recovery of 98.9% lead and 94.7% zinc metal, a 46.8% mass rejection of waste, an overall enrichment ratio of 1.9 for lead and 1.8 for zinc, and an improvement in the zinc equivalent grade to 12% from 6.57%.

At hole TOD-028, the work demonstrated a recovery of 96.6% lead and 96.1% zinc metal, a 47.7% mass rejection of waste, an overall enrichment ratio of 1.8 for both the lead and zinc, and a rise in the zinc equivalent grade to 7.67% from 4.24%.

"These latest positive results from Tomra form part of our ongoing metallurgical work programme for 2022 and enhance the potential to efficiently exploit the resource at Toral," said executive chairman and acting chief executive officer Myles Campion.

"These results build on previous test work results - announced on 28 August 2020 - and demonstrate the potential for further optimisation of the Toral project."

At 1432 GMT, shares in Europa Metals were up 3.75% at 4.15p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EUZ Market Data

Currency UK Pounds
Share Price 1.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.15
52 Week Low 1.40
Volume 0
Shares Issued 97.67m
Market Cap £1.37m
RiskGrade 305

EUZ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.91% below the market average45.91% below the market average45.91% below the market average45.91% below the market average45.91% below the market average
89.39% below the sector average89.39% below the sector average89.39% below the sector average89.39% below the sector average89.39% below the sector average
Price Trend
77.64% below the market average77.64% below the market average77.64% below the market average77.64% below the market average77.64% below the market average
48.97% below the sector average48.97% below the sector average48.97% below the sector average48.97% below the sector average48.97% below the sector average
Income Not Available
Growth Not Available

EUZ Dividends

No dividends found

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