21 November, 2019
Eurobattery Minerals AB hereby publishes its Interim Report for January – September 2019
Third quarter 2019 (same period previous year)
- Net sales amounted to SEK 0 thousand (SEK 0 thousand).
- Operating income after depreciation/amortisation and financial items totalled SEK –2,421 thousand (SEK –1,467 thousand).
- Earnings per share after depreciation/amortisation and financial items amounted to SEK –0.24 (SEK –0.58).
- Cash flow from operating activities was SEK –3,620 thousand (SEK –1,305 thousand).
- Net sales amounted to SEK 0 thousand (SEK 0 thousand).
- Operating income after depreciation/amortisation and financial items totalled SEK –9,261 thousand (SEK –2,138 thousand).
- Earnings per share after depreciation/amortisation and financial items amounted to SEK –0.96 (SEK –0.8).
- Cash flow from operating activities was SEK –9,284 thousand (SEK –3,488 thousand).
- The Company completed an extensive geochemical and geophysical programme at the Castriz prospect, part of its flagship Corcel nickel-cobalt-copper (Ni-Co-Cu) project in northwest Spain.
- Several zones with coincident magnetic and Ni-Cu geochemical anomalies delineated. The Company was highly encouraged about the prospectivity at Castriz and decided the prospect warranted drill testing.
- Diamond drilling commenced at Castriz on 17 September. Up to four diamond drill holes have been planned for approximately 1,000 metres of drilling. Geological logging and sampling of the drill holes has commenced.
- During the quarter, the Company completed preliminary ground-based exploration activities at the Castriz (“Castriz”) prospect.
- The Company’s own exploration activities not only confirmed the historical work but defined additional high-quality prospects. This encouraged BAT to move straight into drill testing the highest-ranking targets.
- Drilling has intersected the targeted rock sequences and the Company is encouraged by initial observations, which includes the presence of sulphide minerals.
- The Company is well-funded to complete its maiden exploration programme at Castriz. BAT also plans to determine what preliminary metallurgical tests are required to assess potential development scenarios at Castriz.
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