Eurotin Inc. announce it has received the results of a positive independent Preliminary Economic Assessment from SRK Consulting (UK) Limited for its Oropesa tin project, located in southern Spain. After tax NPV (5%) is $99 million and IRR is 20.2%, assuming a tin price of $27,000 per tonne. Mine life of 11.7 years at a production rate of 1 million tonnes per annum.

Open pit mining operation restricted to a depth of 200 meters with the potential of further expanding the deposit to depth and along strike particularly to the east. Initial capital cost of $106.4 million.