TIDMEUZ
RNS Number : 9096R
Europa Metals Ltd
01 November 2019
1 November 2019
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group") (AIM, AltX:
EUZ)
Update re: Stakeholder engagement process including launch of
Toral Project website
Europa Metals, the European focused lead, zinc and silver
developer, is pleased to announce that it has completed the first
round of engagement meetings with representatives of local mayors
in the region of Castilla y León, north west Spain, in which the
Company's 100% owned Toral lead, zinc and silver project (the
"Toral Project") is located.
The Company is currently engaged in a stakeholder consultation
initiative and review process, as stipulated by the Junta of
Castilla y León, in order to formalise its ongoing community work
and complete the mandatory elements required for a recommendation
to be made by the regional government on the appropriateness of a
full mine development application to be lodged by the Company.
The Company's Directors and all employees of the Group believe
that, in addition to adhering to requisite legislation, mine
development decisions should be made in accordance with best
practice and ensure ongoing engagement with the local community.
Whilst community engagement has been at the centre of Europa
Metals' work over the course of the last two years, the Company is
now following a more coordinated and structured methodology, which
includes a series of initiatives including establishing a local
website on the Toral Project, set up at the request of the local
mayors, that can be accessed at the following domains:
europametals.es and proyectotoral.com
The objectives of the local website are to:
-- provide an online hub for feedback and answering queries or
concerns relating to the Company and the Toral Project;
-- outline how a future underground lead, zinc and silver mine
would work and its appropriateness to the local area, which already
hosts a number of historic and current mining and quarrying
operations;
-- share potential economic scenarios and local content policies
relating to the Toral Project as they develop through the
pre-feasibility study ("PFS"); and
-- notify community meetings and key dates for interaction.
Local government engagement meetings completed
The management of Europa Metals Iberia SL, the Company's wholly
owned subsidiary, have successfully concluded an initial round of
meetings with the representatives of mayors from the five town
halls within the Toral Project area. A formal presentation on the
Toral Project and the local region was made by the company
following an open discussion between all parties. The Company is
pleased to report that the mayoral representatives expressed
support for the potential rejuvenation of the local mining region
that could be achieved by the Toral Project, provided that such
activities are respectful to the environment and other economic
factors are considered. In particular, they noted the importance of
proactive early engagement with the Toral Project's local
community. The Company understands that the local mayors view the
mining industry as part of society in the region and that such
activity is welcome if it is properly developed. The Company is
also pleased to report that the local mayors expressed a desire to
work with Europa Metals on the next stage of community meetings,
which will take place with local village representatives, and
acknowledged that potential future mining activities at the Toral
Project could generate and encompass:
-- Economic benefits including jobs, taxes and a local content policy for suppliers.
-- Independent environmental studies and monitoring (currently in progress).
-- Hydrological results from an engineering programme.
-- Processing and metallurgical composition of potential mined ore.
-- Waste management under the Mechanised Cut and Fill (MCAF) model both under and over ground.
Commenting today Jesús Montero, Chief Operating Officer of
Europa Metals Iberia SL, said:
"Europa Metals, as part of its transparency policy, is
undertaking meetings with the main stakeholders to explain its
activities and progress with respect to conceptual mining plans
being considered for the Toral Project.
"The recent very positive meeting that took place with
representatives of local mayors of the 5 municipalities where the
current investigation mining license for the project extends, will
be followed by engagement with additional neighbouring community
representatives. In parallel, Europa Metals is working closely with
the administrative bodies that are processing the initial project
submissions to the administration at different levels.
"Europa Metals considers obtaining stakeholder feedback to be
one of the key values for the Toral Project and we aim to not only
properly explain the project's planned development, but also to
formalise a communication link in order to process all the feedback
received from interested persons. With these objectives in mind,
Europa Metals is not only promoting meetings with the different
stakeholders but also establishing and maintaining a useful web
page where comments can be collated and processed and the project's
progress relayed."
Laurence Read, Executive Director of Europa Metals,
commented:
"Europa Metals is now formalising and developing its stakeholder
engagement programme as the Toral Project progresses towards a
development licence decision. Mining activity should only go
forward with correct, standardised community engagement and we are
fortunate to be operating in a mining region where community
representatives fully understand the impact of future mining
development.
"Working within this knowledge framework, we have taken on board
the local mayors' recommendation to begin formal community meetings
and, as the project moves forward, will seek to address the key
criteria which make the Toral Project appropriate to the area,
namely: economic benefits including jobs, tax revenues and local
content policy giving preference to local suppliers, low
environmental impact and best practice water management systems, a
clear waste plan utilising underground storage as well as
overground stacked tailings, clearly demonstrating the processing
and separation process to produce concentrates without the types of
harmful additives seen in some metal production."
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 / Zoe Alexander
T: +44 (0)20 3657 0050
Brandon Hill Capital (Joint Broker)
Jonathan Evans / Oliver Stansfield
T: +44 (0)20 3463 5000
Sasfin Capital Proprietary Limited (a member of the Sasfin
group)
Sharon Owens
T (direct): +27 11 809 7762
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
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END
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