Europa Metals Ltd Annual Resource and Reserves Statement (4114C)
October 01 2018 - 1:05AM
UK Regulatory
TIDMEUZ
RNS Number : 4114C
Europa Metals Ltd
01 October 2018
1 October 2018
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group")(ASX, AIM, JSE:
EUZ)
Annual Resource and Reserve Statement
In accordance with ASX Listing Rule 5.21, Europa Metals, the
European lead-zinc explorer, announces its annual resource and
reserve statement. The following summary should be read in
conjunction with the Company's Annual Report for the financial year
ended 30 June 2018 which was published earlier today.
MINERAL RESOURCE ESTIMATE SUMMARY AS AT 28 SEPTEMBER 2018
Cut-Off Tonnes Density Zn_Eq Zn Eq Zn Pb Ag Zn Tonnes Pb Tonnes Ag Troy
Zn Eq (Millions) (Pb)% (PbAg)% % % g/t (000's) (000's) Oz (Millions)
(PbAg)%
6.0 10 2.8 8.7 9.3 4.8 4 30 490 420 10
------------ -------- ------- --------- ---- ---- ----- ---------- ---------- ---------------
5.0 14 2.8 7.7 8.3 4.4 3.5 26 620 490 12
------------ -------- ------- --------- ---- ---- ----- ---------- ---------- ---------------
4.0 19 2.8 6.9 7.4 3.9 3.1 24 720 570 14
------------ -------- ------- --------- ---- ---- ----- ---------- ---------- ---------------
3.0 23 2.8 6.2 6.7 3.5 2.8 22 800 630 16
------------ -------- ------- --------- ---- ---- ----- ---------- ---------- ---------------
Notes:
1) The updated JORC compliant independent mineral resource
estimate for the Company's wholly owned Toral project, northern
Spain, was completed and reported in accordance with the JORC
(2012) code.
2) Please refer to the Company's announcement of 20 September
2018 for full details of the latest independent JORC (2012)
resource estimate for the Toral project which includes the above
table.
Governance Arrangements and Internal Controls
The Company has ensured that the mineral resource estimate set
out above has been subject to appropriate governance arrangements
and internal controls, a summary of which is outlined below.
The mineral resource estimate for the Toral project has been
reported in accordance with JORC (2012) guidelines.
Audit of the estimation of mineral resources is addressed as
part of the annual internal audit plan approved by the Board via
the Audit Committee. In addition to routine internal audit
procedures, the Board monitors the Company's mineral resource
status and approves the final outcome of third party reports.
An annual mineral resource update is a prescribed activity
within the Company's corporate planning calendar that includes a
schedule of regular executive engagement meetings to approve
assumptions and guide the overall process.
The mineral resource estimation processes followed internally
are well established and are subject to systematic internal and
external peer review. Independent technical reviews and audits are
undertaken on an as-needs basis as a product of risk
assessment.
Competent Person's Statement
The updated Toral inferred resource estimate was prepared by Mr
J.N. Hogg, MSc. MAIG Principal Geologist for Addison Mining
Services Limited ("AMS"), an independent Competent Person within
the meaning of the JORC (2012) code and a qualified person under
the AIM guidance note for mining and oil & gas companies. The
updated inferred resource estimate was aided by Mr R. J. Siddle,
MSc, MAIG Senior Resource Geologist for AMS, under the guidance of
the competent person. Mr Hogg has reviewed and verified the
technical information that forms the basis of, and has been used in
the preparation of, the updated mineral resource estimate,
including all analytical data, diamond drill hole logs, QA/QC data,
density measurements, and sampling, diamond drilling and analytical
techniques. Mr Hogg consents to the inclusion in this announcement
of the matters based on the information, in the form and context in
which it appears. Mr Hogg has also reviewed and approved the
technical information in his capacity as a qualified person under
the AIM Rules for Companies.
Additionally, Mr Hogg confirms that the entity is not aware of
any new information or data that materially affects the information
contained within the Company's previous announcements referred to
herein.
For further information on the Company, please visit
www.europametals.com or contact:
Europa Metals Ltd
Dan Smith, Non-Executive Director and Company Secretary
(Australia)
T: +61 417 978 955
Laurence Read, Executive Director (UK)
T: +44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
Turner Pope Investments (TPI) Limited (Joint Broker)
Andy Thacker
T: +44 (0)20 3621 4120
Sasfin Capital Proprietary Limited (a member of the Sasfin
group) (JSE Sponsor)
Sharon Owens
T (direct): +27 11 809 7762
Peterhouse Corporate Finance Limited (Joint Broker)
Lucy Williams/Duncan Vasey/Heena Karani
T: +44 (0)20 7469 0930
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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