Europa Metals: PEA highlights impressive economics at Toral Lead, Zinc, Silver mine
Europa Metals has today announced results from an independent Preliminary Economic Study undertaken at its flagship wholly owned Toral lead, zinc and silver project in the region of Castilla y León, north-west Spain. The report has highighted the potential of the asset, showing an NPV of US$156 and an IRR of 31.3%. Other financial highlights included:
- US$963m Revenue over 12 year Life of Mine (“LOM”)
- US$477m Opex over LOM
- US$471m EBITDA over LOM
- 49% Operating Margin (US$63.56/t all-in cost)
The report also highlighted17Mt @ 6.7% ZnEq (including Pb credits) resource (JORC 2012) including indicated resource of 3.8Mt @ 8.1% ZnEq (including Pb and Ag credits) – 4% cut off grade.
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