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15 Mar 2019 | 09:39

Europa Metals losses more than double amid ramp up in exploration spending

Lead-zinc explorer Europa Metals saw losses double in the first half of the year after ramping up spending on exploration. For the half year ended 31 December 2018, pre-tax losses more than doubled to AUD$1.534m from AUD$0.71m from a year earlier and revenue fell to AUD$7,219 from AUD$71,302. Exploration expenditure surged to AUD$0.96m from AUD$0.18m a year earlier. In 2019, the company said it planned to complete an infill drilling campaign to target the high-grade core of the Toral deposit in Spain with the aim of 'increasing confidence in the resource estimate to the JORC (2012) Indicated category, which will be the subject of further investigation as part of the planned pre-feasibility and feasibility studies in due course.'

At 9:39am: (LON:EUZ) Europa Metals Ltd Ord Npv Di share price was -0p at 0.03p

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