CURRENCY: AUD
Copper linked to high-growth Future Mega Trends
driven by new Clean Energy and Digital industries.
Entire developable 200km Copper belt secured
positive initial copper results, with close to 1,000km² of permit areas covering entire mineable strike.
EU Government backed Strategic Critical Minerals Focus
likely to fast-track development, financing and production.
Positive mining jurisdiction in Spain
with broader European support, ready skilled labour workforce, and year-round access.
We are an ASX-listed mining exploration company focused on developing critical minerals projects important to Europe.
Spain
Europe has passed Critical Minerals Legislation (EU Critical Raw Materials Act – 11 April 2024) which aims to reduce dependence on countries outside of the EU for critical materials / minerals.
Megado represents a major EU strategic critical mineral exploration opportunity having secured an entire developable 200km Copper belt.
Just to meet business-as-usual trends, 115% more copper must be mined in the next 30 years than has been mined in all human history.
Objectives by 2030
- EU Extraction: At least 10% of EU annual consumption from EU
- EU Processing: At least 40% of EU annual consumption from EU
- EU Recycling: At least 25% of the EU’s annual consumption from domestic recycling
- External Sources: not more than 65% of the EU’s annual consumption of each strategic raw material at any relevant stage of processing from a single third country
- Maximum of 27 months permitting timetable for Strategic Projects involving extraction
- Single point of contact for all things permitting
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