CURRENCY: AUD
Significant Opportunity
- Control of an Entire 200k EW Belt
- Covering an area of 956km²
Many Historic High-Grade Mines
- Multiple high-grade historic mines across the belt
Applying Modern Exploration Techniques
- No exploration in over 40 years
- Opportunity to apply modern exploration techniques to target large sedimentary copper deposits with high-grade copper oxides and silver and copper-lead-zinc sulphides
Strategic EU Critical Mineral
- Copper is one of 17 strategic EU critical minerals under EU Critical Materials Act 2024
We are an ASX-listed mining exploration company focused on developing critical minerals projects important to Europe.
Iberian Copper Project
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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