https://www.miningweekly.com

Toral scoping study economics announced

12th March 2019

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

The initial economics of the Toral lead/zinc project, in north-west Spain, are robust, with a scoping study calculating a $110-million net present value, at an 8% discount rate, and an internal rate of return of 24.4%, dual-listed Europa Metals announced this week.

The scoping study estimated $33-million in capital expenditure (capex) for a proposed 450 000 t/y design capacity plant and a total capex of $110-million.

The study is based on the inferred resource estimate of 16-million tonnes at 7.5% zinc equivalent with lead and silver credits in accordance with the Joint Ore Reserves Committee (Jorc) code, issued in 2012, which will be the subject of further investigation as part of the planned prefeasibility and feasibility studies in due course.

Looking ahead, and subject to funding, the company’s plans for Toral include an infill drilling campaign to target the high-grade core of the deposit, with the aim of increasing confidence in the resource estimate to the Jorc indicated category.

Europa also intends to complete the first studies of its metallurgical testwork programme on the project to provide prefeasibility study level results on the comminution, flotation and concentrate grade; while simultaneously starting environment studies and the hydrogeological characterisation of the Toral project.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION