Climate Change Data

Europa Metals Ltd

Climate Impact & Sustainability Data (2019, 2020, 2023-06-30, 2024)

Reporting Period: 2019

Environmental Metrics

Climate Goals & Targets

Medium-term Goals:
  • Progress stakeholder engagement process and move towards a potential mining licence application and development decision for the Toral Project.
Short-term Goals:
  • Obtain an updated independent JORC (2012) resource estimate and a new geological model for the Toral Project.

Environmental Challenges

  • Challenging equity market conditions reflecting uncertainty within the UK investor community over the domestic political situation and wider industry issues, such as the US-China trade discussions.
  • Significant deviation in the trajectory of the first diamond drill hole (TOD-021) at the Toral Project.
Mitigation Strategies
  • Delisting from the ASX and moving to AltX to reduce administrative costs and regulatory processes.
  • Raising additional funds to prosecute a highly efficient diamond drilling campaign.
  • Subsequent drilling in the Toral Project returned promising assay results.
  • Engaging a specialist consultancy, MAGMA Soluciones Ambientales SL, to progress the Change of Land Use processes for the Toral Project.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: JORC (2012)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Implemented environmental monitoring program at Toral Project, including installation of piezometers for water condition monitoring.
  • Complied with Spanish environmental regulations.

Social Achievements

  • Initiated formal stakeholder engagement process for Toral Project, including submission of initial documentation and creation of dedicated information sharing website.
  • Implemented COVID-19 safety procedures to protect workforce.

Governance Achievements

  • Adopted the Quoted Companies Alliance Corporate Governance Code (QCA Code) as its benchmark for governance matters.
  • Implemented a share consolidation (500:1 ratio) to reduce the number of shares in issue.
  • Made amendments to the Company’s Constitution to align with UK market standard corporate governance practices.

Climate Goals & Targets

Long-term Goals:
  • Development of third-party engagement through concentrate marketing partners to establish value-accretive pathways for the Toral Project.
  • Seeking to secure EU-backed grants for project progression.
Medium-term Goals:
  • Completion of key elements of a Pre-Feasibility Study (PFS) for the Toral Project, including hydrogeological drilling and monitoring, resource and metallurgical drilling campaigns, and further community, geotechnical, waste management, and environmental work.
Short-term Goals:
  • Conclusion of an independent economic study to determine the impact of work undertaken since the 2018 Scoping Study.
  • Securing the grant of a new three-year Investigation Permit for the Toral Project.

Environmental Challenges

  • COVID-19 pandemic impacted operations, requiring implementation of remote work and travel restrictions.
  • Securing funding for project development.
Mitigation Strategies
  • Implemented appropriate procedures to mitigate the effects of COVID-19 on workplaces and activities.
  • Completed successful fundraisings of £1 million and £2 million.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: JORC 2012

Reporting Period: 2023-06-30

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Impact
  • Employment Opportunities
  • Sustainable Mining Practices

Environmental Achievements

  • Submission of mining licence application to Junta of Castilla and Leon, including exploitation, restoration and environmental impact study. Envisages a 15-year mine life with plans for pre-production and closure.

Social Achievements

  • Toral's 18-year operations will create over 360 direct local employment opportunities and approximately 1,400 indirect jobs in the region.

Governance Achievements

  • Successful shareholder vote to sell the Toral Project to Denarius Metals Corp.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed