The initial economics of Toral lead/zinc project, in north-west Spain, are robust, with a scoping study calculating a $110-million net present value, at an 8% discount rate, and an internal rate of return of 24.4%, dual-listed Europa Metals announced this week.
The scoping study estimated $33-million in capital expenditure (capex) for a proposed 450 000 t/y design capacity plant and a total capex of $110-million.