Denarius Metals’ Post

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"The acquisition of a 50% stake in Rio Narcea Recursos, S.L. ("RNR") reflects the continued execution of our strategy of acquiring significant projects in highly prospective and tier one mining jurisdictions in #Spain. The acquisition gives us ownership in the only #nickel deposit in Spain and one of the few in Europe. With our Zancudo Project in# Colombia already on track to commence production in #2024, this acquisition gives us a second mine going into operation next year with Aguablanca set to resume #production through underground mining in the next 12 months. The acquisition also accelerates our path to production from our flagship Lomero Project using excess capacity available in RNR's 5,000 tonnes per day ("tpd") processing plant. Our technical expertise and location of assets in the nearby Autonomous Community of Andalucia makes us uniquely suited to benefit from the synergies derived from a combination of the Lomero and Aguablanca Projects. We look forward to continuing our work to help the Autonomous Communities of Andalusia and Extremadura become frontrunners in #sustainable raw material technologies and practices to support the European climate neutrality goal and increase local well-being." - Serafino Iacono, Executive Chairman and CEO of Denarius Metals (Company Press Release dated December 5, 2023). Learn more here: https://lnkd.in/gpShcjY9 TSX-V: DSLV | OTCQX: DNRSF #MiningNews #MiningIndustry #DenariusMetals

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William Tan

BN gearbox, gearmotor, motor, coupling, brake, bearing and all other power transmission systems.

9mo

Ball mill

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