New Toral study significantly expands production
The Toral lead/zinc project, in north-west Spain, could be a significantly larger operation than previously contemplated, with a new independent study pegging its production rate at 700 000 t/y.
This compares with a previous scoping study design of 450 000 t/y.
The 700 000 t/y operation is based on a 17-million-tonne resource at 6.7% zinc equivalent, including an indicated resource of 3.8-million tonnes at 8.1% zinc equivalent.
The new study also delivered enhanced economics, owing to a change in the mining method, increased run-of-mine and the addition of ore sorting. The net present value, at an 8% discount, is $156-million and the internal rate of return is 31.3%.
“With a mining grade of 7.6% zinc equivalent and as a potential high margin operator, Toral has the scope to generate over $470-million earnings before interest, tax, depreciation and amortisation from $963-million of revenue over the life-of-mine from upfront capex of $79m and estimated payback in year four,” said Europa CEO Laurence Read.
The Aim- and AltX-listed company has started work on a prefeasibility study.
Comments
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation