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Phase II Drilling Lead, Zinc, Silver and Copper Results, Toral Project, Spain
Europa Metals Ltd
(Formerly Ferrum Crescent Limited)
(Incorporated and registered in Australia
and registered as an external company in
the Republic of South Africa)
(Registration number 4459850)
(External company registration number 2011/116305/10)
Share code on the ASX: EUZ
Share code on AIM: EUZ
Share code on the JSE: EUZ
ISIN: AU0000014342
("the Company")
Phase II Drilling Lead, Zinc, Silver and Copper Results, Toral Project, Spain
Highlights:
• 3 infill diamond drill holes conducted at the Toral lead, zinc, silver project, northern Spain
(“Toral” or the “Toral Project”),”) - all of which intersected lead, zinc and silver mineralisation
• These drill holes represent the initial infill drilling of the Phase II programme and the results
confirm block model grade and thickness
• Drilling strategy to remove ‘gaps’ within the known resource, all within 300 metres of
topographic surface, and to identify geotechnical characteristics of a possible decline/entry
route(s) for preliminary years of mining
• Significant results including:
• Drill hole TOD-018: 3.8m @ 5.87% Zn Equivalent (Zn, Pb)
• Reportable copper mineralisation intercepted within 280 meters of surface (drill
hole TOD-020). Further investigation now underway following 0.68% Cu @ 3
meters, including 1m @ 1.34% Cu
• 3 diamond holes total 980.50 metres into the current defined JORC (2012) Mineral Resource
estimate area
• Drilling completed on budget and to schedule within the pre-existing defined resource area
as previously announced
• Europa now building results into existing data sets and correlating with on-going surface
mapping programme to be completed in Q1 2019
Europa Metals, the European lead-zinc explorer, is pleased to announce assay results from the first
stage of the Phase II drilling campaign at its wholly owned Toral Project. The diamond drilling
programme intersected zinc, lead and silver (Zn, Pb, Ag) mineralisation in all three holes drilled,
targeting to a depth within 300 metres of the topographic surface. The Phase II drilling is focused
within the existing resource area to fill in gaps within the historic drill patterns. The next step of the
Phase II programme is likely to target high grade Inferred Resource areas below approximately 400
metres from surface in order to progress the Toral Project towards a Feasibility Study.
This campaign is the first infill drilling programme conducted by Europa Metals’ geological team in
Spain within the pre-existing defined JORC (2012) resource area at the Toral Project. As announced
on the 10 December 2018, Toral hosts a Mineral Resource estimate of 16 million tonnes @ 7.5% Zn
equivalent (Pb, Ag), 3.9% zinc, 3.1% lead and 24g/t silver equating to 640,000 tonnes of zinc,
510,000 tonnes of lead and 13 million ounces of silver*. The Company intends to have the resource
model updated once a significant amount of new exploration data is obtained throughout 2019.
Copper Intersection
The Europa Metals’ geological team is also considering the results and implications of the TOD-020
drill hole that returned 3 metres at 0.68% copper from 297.35 metres. To date, copper traces have
historically been encountered in the deposit, but the significance was unknown. This level of copper
was not anticipated within the deposit so near to surface and follow up work is required to identify
controls and extent of copper mineralisation.
*Zn Eq (Pb, Ag)% is the calculated Zn equivalent incorporating silver credits as well as lead; (Zn Eq (PbAg)% = Zn +
Pb*0.96 + Ag*0.022). Zn equivalent calculations were based on 3-year trailing average price statistics obtained from the
London Metal Exchange and London Bullion Market Association giving an average Zn price of US$2,500/t, Pb price of
US$2,100/t and Ag price of US$17/oz.
To view TOD-020 drill core with highly visible chalcopyrite copper sulphide mineralisation see link:
http://www.europametals.com/site/news-announcements/announcements
Phase II Diamond Drilling Programme
As announced in October 2018, Europa Metals commenced a limited diamond drilling programme
within the central area of the Toral deposit, with two objectives:
1. To inform the block model of the resource with grade and geotechnical characteristics; and
2. To inform the preliminary years of a conceptual mining scenario.
Lead, zinc and silver mineralisation was reported in each drill hole, with significant >5% Zn Eq (Pb
Ag) intersections outlined below. TOD-018 results correlate well with the JORC 2018 Inferred
Resource estimate in that area and depth. TOD-019, returned anomalous assays however below
the >5% Zn Eq grade threshold for reporting of significant intercepts, and in addition to gaining further
resource data, is providing the Company with important data on the position and direction of the
mineralised structure as well as geotechnical data that will help with the design of the potential
decline.
To view graph, See link: http://www.europametals.com/site/news-announcements/announcements
Set out in Table 1 below are the significant intersections returned from drill hole TOD-018:
RL Depth Width Pb Zn Ag Zn Eq
Hole ID Northing Easting Azimuth Dip From To
(m) (m) (m)* % % (g/t) (PbAg)%
TOD-018 682554 4709336 665 202 -67 367 348.80 352.60 3.80 2.99 2.58 21.75 5.87
Table 1: Significant Zn-Pb-Ag intercepts from infill diamond drill campaign. *True thickness is approximately 90% of the
drill thickness.
Notes:
1. Significant Zn Eq intercepts were generated using a 0.4% Zn Eq trigger value, minimum width of 2m, maximum
consecutive waste interval of 2m, minimum average Zn Eq grade >5%
2. Significant Cu intercepts were generated using a 0.2% Cu trigger value, minimum width of 2m, maximum consecutive
waste of 2m, minimum average grade of 0.6% Cu.
3. Zn equivalent calculations were based on 3 year trailing average price statistics obtained from the London Metal
Exchange and London Bullion Market Association giving an average Zn price of US$2500/t, Pb price of US$2100/t
and Ag price of US$17/Oz. Recovery and selling factors were incorporated into the calculation of Zn Eq values. It is
the Company’s opinion that all the elements included in the metal equivalents calculation (zinc, lead and silver) have
a reasonable potential to be recovered and sold.
4. Zn Eq (Pb, Ag)% is the calculated Zn equivalent incorporating silver credits as well as lead and is the parameter used
to define the cut-off grade used for reporting resources (Zn Eq (PbAg)% = Zn + Pb*0.96 + Ag*0.022).
5. No top cutting was applied to Zn, Pb, Ag or Cu grades.
Anomalous results for copper were observed in TOD-020 and follow up work is required to better
identify the controls and distribution of copper mineralisation.
RL Depth Width Cu Ag
Hole ID Northing Easting Azimuth Dip From To
(m) (m) (m)* % (g/t)
TOD-020 682443 4709313 663 202 -68 314.50 297.35 300.30 3.00 0.68 5.5
Inc. 298.30 299.30 1.00 1.34 8.70
Table 2: Significant Cu-Ag intercepts from Infill diamond drill campaign. *True thickness is approximately 90% of the drill
thickness.
2019 Work Programme
Europa Metals will collate all of these results within the existing data package and, in Q1 2019, aims
to complete surface mapping across the Toral Project, commence an environmental baseline study,
and complete further historical core reinterpretation work.
The new information of high grade, near surface lead, zinc and silver results obtained from the
reverse circulation drilling programme conducted earlier in 2018 and the copper intersections are
also being interpreted to develop an understanding of the underlying sources of the Toral Mississippi
Valley-type (MVT) system.
During 2019, Europa Metals will look to continue its Phase II drilling into the main high grade zones
of the project with the intention of converting Inferred Resource to the Indicated category and conduct
metallurgical testing.
Myles Campion, Technical Director of Europa Metals, commented:
“Our limited, focused drill programme has given us a promising results, confirming the block model
results and geological theory of increasing grade with depth. I look forward to 2019 and expanding
the infill drilling into the deeper, high grade core of Toral.”
Laurence Read, Executive Director of Europa Metals, commented;
“The first phase of the diamond drilling programme was designed to investigate gaps within the
existing resource and begin to build a schedule for the first few years of a potential mining project
with all the drilling conducted within 300 meters of surface. The copper result is unexpected at this
depth and again we see another occurrence of high grade mineralisation appearing nearer to surface.
With a metre in excess of 1% we shall now work to determine the source of the copper at Toral. We
look forward to putting out results of further work at our Toral Project in early 2019.”
Competent Person’s statement
The significant intercepts for the Toral Project were prepared by Mr J.N. Hogg, MSc. MAIG Principal
Geologist for AMS, an independent Competent Person within the meaning of the JORC (2012) code
and qualified person under the AIM guidance note for mining and oil & gas companies.
Mr Hogg has reviewed and verified the technical information that forms the basis of, and has been
used in the preparation of, the significant intercepts in this announcement, 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 Competent 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:
Perth
20 December 2018
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 (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
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.
Glossary of technical terms:
“Ag” silver;
“Cu” Copper
“g” grammes;
“g/t” grammes per tonne;
“Inferred Resource” that part of a Mineral Resource for which quantity and grade (or quality) are
estimated on the basis of limited geological evidence and sampling. Geological
evidence is sufficient to imply but not verify geological and grade (or quality)
continuity. It is based on exploration, sampling and testing information gathered
through appropriate techniques from locations such as outcrops, trenches, pits,
workings and drill holes;
“JORC” the Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves, as published by the Joint Ore Reserves Committee of The
Australasian Institute of Mining and Metallurgy, Australian Institute of
Geoscientists and Minerals Council of Australia;
“JORC (2012)” the 2012 edition of the JORC code;
“m” metre;
“Mineral Resource” a concentration or occurrence of material of economic interest in or on the earth's
crust in such form and quantity that there are reasonable and realistic prospects
for eventual economic extraction. The location, quantity, grade, continuity, and
other geological characteristics of a Mineral Resource are known, estimated from
specific geological evidence and knowledge, or interpreted from a well-
constrained and portrayed geological model;
“Mt” million tonnes;
“oz” troy ounce;
“Pb” lead;
“QA/QC” quality assurance/quality control; and
“Zn” zinc.
APPENDIX: Table 1 Appendix 5A ASX Listing Rules (JORC 2012)
Section 1 Sampling techniques and data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary related to the Toral Project
Sampling • Nature and quality of sampling (e.g. cut 2018 diamond drilling by Europa Metals.
techniques channels, random chips, or specific specialised
industry standard measurement tools Diamond core was logged and sampled as per Europa Metals’ SOPs, which are in line with industry standards.
appropriate to the minerals under investigation,
such as down hole gamma sondes, or handheld Geological and analytical data is recorded on hardcopy. Selective sampling method was employed around areas of
XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of interest. Sampling intervals measure approx. 1m. Samples of 3kg were sent to ALS Seville for preparation and multi-
sampling. element analysis by ICP. Samples reduced to -400 microns and 100 g sub-sample taken for analysis.
• Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or systems
used.
• Aspects of the determination of mineralisation
that are Material to the Public Report.
• In cases where ‘industry standard’ work has
been done this would be relatively simple (e.g.
‘reverse circulation drilling was used to obtain 1
m samples from which 3 kg was pulverised to
produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such
as where there is coarse gold that has inherent
sampling problems. Unusual commodities or
mineralisation types (e.g. submarine nodules)
may warrant disclosure of detailed information.
Drilling • Drill type (e.g. core, reverse circulation, open- Three core drill holes total 980.50 metres
techniques hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (e.g. core diameter, triple Holes were a mixture of PQ, HQ and NQ. No orientation has been done on drill core.
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is
oriented and if so, by what method, etc).
Criteria JORC Code explanation Commentary related to the Toral Project
Drill sample • Method of recording and assessing core and Recovery data was recorded as part of the logging.
recovery chip sample recoveries and results assessed.
• Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
• Whether a relationship exists between sample
recovery and grade and whether sample bias
The CP has reviewed the recovery data for the diamond drilling and it is within industry standards. Recovery is regularly
may have occurred due to preferential loss/gain
of fine/coarse material. over 90%
Logging • Whether core and chip samples have been Core was logged on paper logs and transferred to an Access database.
geologically and geotechnically logged to a level
of detail to support appropriate Mineral Resource DH lithology, alteration and mineralisation were recorded by variable interval based on characteristic similarities and
estimation, mining studies and metallurgical change boundaries.
studies.
• Whether logging is qualitative or quantitative in
Summary interval information was inputted to the database, comprising codes to describe logged lithology, alteration,
nature. Core (or costean, channel, etc)
photography. mineralisation and major structure for the interval.
• The total length and percentage of the relevant
intersections logged. Core was routinely photographed.
Logging is considered satisfactory for the level of study and resource class.
Sub- • If core, whether cut or sawn and whether Core was cut by standard core saw and half core was submitted for analysis.
sampling quarter, half or all core taken.
techniques • If non-core, whether riffled, tube sampled, rotary Sample collection, sample size, preparation and analysis are considered appropriate for the mineralogy and deposit type.
and sample split, etc and whether sampled wet or dry.
preparation • For all sample types, the nature, quality and Samples are considered representative of the in-situ material collected.
appropriateness of the sample preparation
technique.
QA/QC sample insertion procedures were employed at a ratio of 1 in 50, consisting of blanks, duplicates and standards
• Quality control procedures adopted for all sub-
sampling stages to maximise representivity of The QA/QC is acceptable
samples.
• Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.
• Whether sample sizes are appropriate to the
grain size of the material being sampled.
Quality of • The nature, quality and appropriateness of the Commercial laboratories ALS Seville (ISO9001:2008) were used for sample analysis.
assay data assaying and laboratory procedures used and
and whether the technique is considered partial or Multi-element analysis, including Pb, Zn, Cu, Ag by ICP-MS were completed on all samples.
total.
Criteria JORC Code explanation Commentary related to the Toral Project
laboratory • For geophysical tools, spectrometres, handheld Over limits samples were re-analysed using ore grade methods of determination.
tests XRF instruments, etc, the parametres used in
determining the analysis including instrument Sample analytical techniques are considered in line with industry standard for this style of mineralisation.
make and model, reading times, calibrations
factors applied and their derivation, etc. Europa Metals conducted a QC programme of inserting quarter core field duplicates, coarse blank and standards.
• Nature of quality control procedures adopted
(e.g. standards, blanks, duplicates, external
laboratory checks) and whether acceptable No significant issues or fatal flaws were identified from the assessment of QA data.
levels of accuracy (i.e. lack of bias) and
precision have been established. The nature and quantity of QA/QC data, procedures employed, level of accuracy and precision are considered
acceptable for the assigned resource classification. The quality of assay data and laboratory tests is acceptable for this
deposit.
No geophysical tools, spectrometers or handheld XRF instruments were used in the exploration and resource work.
Verification • The verification of significant intersections by Paper recorded drill hole logging data is transferred to Excel, imported in to Access and imported to Micromine 3D
of sampling either independent or alternative company geological modelling software for validation.
and personnel.
assaying • The use of twinned holes. DGPS collar and survey excel data, and lab analytical data transferred from lab.csv, to Excel and imported to Micromine
• Documentation of primary data, data entry 3D geological modelling software.
procedures, data verification, data storage
(physical and electronic) protocols.
Core logging has not been verified against lab assay certificates by AMS.
• Discuss any adjustment to assay data.
No adjustment to the analytical data was considered necessary, other than conversion to zinc equivalents for reporting
purposes, following industry best practice. Raw analytical data remained unchanged.
Location of • Accuracy and quality of surveys used to locate Europa Metals diamond collars were surveyed using a Geomax 35 high-precision DGPS device Accuracy +/-3cm.
data points drill holes (collar and down-hole surveys), Downhole survey measurements taken using Reflex Maxibore downhole survey tool.
trenches, mine workings and other locations
used in Mineral Resource estimation. Co-ordinate grid system used is European Terrestrial Reference System 1989 UTM Zone 29.
• Specification of the grid system used.
• Quality and adequacy of topographic control.
Topographic DTM taken from 5 m resolution Lidar data MDT05-Lidar, from government mapping and survey association
Plan Nacional de Ortofotografía Aérea (PNOA).
Data • Data spacing for reporting of Exploration The infill holes are on approximate 130 metre centres
spacing and Results.
distribution • Whether the data spacing and distribution is The distribution of drillholes is sufficient to establish a degree of geological and grade continuity appropriate for the
sufficient to establish the degree of geological
and grade continuity appropriate for the Mineral Mineral Resource.
Resource and Ore Reserve estimation
procedure(s) and classifications applied. Intervals were not composited at the sampling stage.
• Whether sample compositing has been applied.
Criteria JORC Code explanation Commentary related to the Toral Project
Orientation • Whether the orientation of sampling achieves Drilling is angled to intercept mineralised structures at high angle, as close to perpendicular to dip and strike as
of data in unbiased sampling of possible structures and the practicable.
relation to extent to which this is known, considering the
geological deposit type. No sample bias is introduced by drilling orientation.
• If the relationship between the drilling orientation
structure
and the orientation of key mineralised structures
is considered to have introduced a sampling
bias, this should be assessed and reported if
material.
Sample • The measures taken to ensure sample security. Core logged and sampled in secure facility.
security
Samples are bagged in plastic bags and labelled with individual sample numbers, sample name and sample location.
Each bag is sealed to avoid loss and contamination. Plastic bags are placed in dry weave bags.
Samples are delivered to laboratory by courier in secured boxes.
Audits or • The results of any audits or reviews of sampling A Competent Person has reviewed and discussed diamond core sampling techniques and findings were satisfactory.
reviews techniques and data.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral tenement • Type, reference name/number, location Toral exploration permit number 15.199 (also referred to as Permiso de Investigacion), is located approximately 400 km
and land tenure and ownership including agreements or northwest of Madrid, within the Province of León, Autonomous Community of Castile and Leon.
status material issues with third parties such as
joint ventures, partnerships, overriding Licence 15.199 covers an area of 20 km².
royalties, native title interests, historical
sites, wilderness or national park and
environmental settings. Exploration licence 15.199 is owned by Goldquest Iberica, S.L., a wholly owned subsidiary of Europa Metals Limited. The
• The security of the tenure held at the time licence was renewed on 14 November 2017 for a period of 3 years.
of reporting along with any known
impediments to obtaining a licence to
operate in the area.
Exploration done • Acknowledgment and appraisal of 1972-1984 – Peñarroya-Adaro. 55 drill holes, 36 wedge drill holes.
by other parties exploration by other parties.
1992-1995 – Geominera. Data re-evaluation.
2005-2008 – Lundin Mining. 7 drill holes.
Criteria JORC Code explanation Commentary
2009-2011 – Goldquest Mining. Soil and rock geochemistry. Historic gallery mapping. Data evaluation. NI43-101 Mineral
Resource Estimate.
2012-2015 – Portex Mining Corporation. Geological mapping. Data re-evaluation.
2015-2016 – Goldquest Iberica S.L. Soil and rock geochemistry. Geological mapping.
2016-2017 – Goldquest Iberica S.L. (Europa Metals Limited). 6 drill holes. Historic gallery mapping and sampling. Data re-
evaluation and interpretation.
Geology • Deposit type, geological setting and style The Toral Project is located in the Southwestern part of the regional West Asturian Leonese Zone (WALZ), a major
of mineralisation. tectono-stratigraphic unit of the Hercynian Orogeny.
The mineralisation at Toral is considered as structurally controlled carbonate hosted Pb-Zn type. Shear and thrust fault
controlled mineralisation within favourable carbonate lithology and favourable contrasting contacts between carbonates
and shales.
Styles of mineralisation are boudinage drusy quartz vein, replacement breccia, disseminated clots associated with silica,
carbonate and chlorite alteration.
Main metallic minerals are Sphalerite, Galena, Pyrite, Chalcopyrite and silver.
Drill hole • A summary of all information material to Drilling:
Information the understanding of the exploration
results including a tabulation of the Number of drillholes used: 3
following information for all Material drill
holes: Collar East: 682554mE – 682443mE
• easting and northing of
the drill hole collar
Collar North: 4709336mN - 4709313mN
• elevation or RL (Reduced
Level – elevation above
sea level in metres) of Collar RL: 663mRL - 665mRL
the drill hole collar
• dip and azimuth of the Azimuth: 025° - 209º
hole
• down hole length and Dip: -50° - -68°
interception depth
• hole length. Length: 299 – 367m
• If the exclusion of this information is
justified on the basis that the information
DH Interception depth: 160m – 270mRL
is not Material and this exclusion does not
detract from the understanding of the
report, the Competent Person should
clearly explain why this is the case.
Criteria JORC Code explanation Commentary
Data aggregation • In reporting Exploration Results, No top cuts were applied to the data.
methods weighting averaging techniques,
maximum and/or minimum grade Zn equivalent calculations were based on 3 year trailing average price statistics obtained from the London Metal Exchange
truncations (e.g. cutting of high grades) and London Bullion Market Association giving an average Zn price of US$2,500/t, Pb price of US$2,100/t and Ag price of
and cut-off grades are usually Material
US$17/Oz. Recovery and selling factors were incorporated into the calculation of Zn Eq values. It is the Company’s opinion
and should be stated.
• Where aggregate intercepts incorporate that all the elements included in the metal equivalents calculation (Zinc, Lead and Silver) have a reasonable potential to be
short lengths of high grade results and ultimately recovered and sold in the future.
longer lengths of low grade results, the
procedure used for such aggregation
should be stated and some typical
examples of such aggregations should be
shown in detail.
• The assumptions used for any reporting
of metal equivalent values should be
clearly stated.
Relationship • These relationships are particularly Mineralisation is interpreted as sub-vertical to steeply dipping to the NE.
between important in the reporting of Exploration
mineralisation Results. Angled drilling is sub-perpendicular to +/- 20º oblique to mineralisation.
widths and • If the geometry of the mineralisation with
respect to the drill hole angle is known, its True thickness of mineralisation ranges from approximately 90%-80% downhole interval length.
intercept lengths
nature should be reported.
• If it is not known and only the down hole
lengths are reported, there should be a
clear statement to this effect (e.g. ‘down
hole length, true width not known’).
Diagrams • Appropriate maps and sections (with .
scales) and tabulations of intercepts
should be included for any significant
discovery being reported. These should
include, but not be limited to a plan view
of drill hole collar locations and
appropriate sectional views.
Balanced • Where comprehensive reporting of all All available exploration data for the Toral deposit area has been collected and reported.
reporting Exploration Results is not practicable,
representative reporting of both low and
high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.
Other substantive • Other exploration data, if meaningful and No geophysical works have been completed.
exploration data material, should be reported including
(but not limited to): geological Geological mapping and solid geology map generation completed.
observations; geophysical survey results;
geochemical survey results; bulk samples Structural interpretation and 3D modelling completed.
– size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
Criteria JORC Code explanation Commentary
contaminating substances. Soil geochemical surveys demonstrate strong coherent Zn in soil anomalism coincident with interpreted controlling
structures.
No geotechnical, metallurgical or bulk sample test work completed to date.
Further work • The nature and scale of planned further Surface drilling and trenching works testing open strike extent to the SE and infill drilling within current resource limits to
work (e.g. tests for lateral extensions or increase confidence and resource class.
depth extensions or large-scale step-out
drilling). Preliminary metallurgical testwork.
• Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future
drilling areas, provided this information is
not commercially sensitive.
Date: 20/12/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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