Europa Metals Ltd (AIM:EUZ, JSE:EUZ) executive chairman Myles Campion joins Proactive's Stephen Gunnion with news that the company has submitted a formal licence application for the Toral mining project in Spain.
Campion said the milestone follows three to four years of dedicated teamwork through the process of exploration, evaluation and the prosecution of planning at Toral.
The application came under an exploration campaign agreement with Denarius Metals Corp and Campion said the company will continue to work with Denarius, which has a two-stage option agreement to earn a 51% stake in the project.
He said 2024 will see the recommencement of drilling and work commence on a preliminary economic assessment.
