THE CRITICAL INVESTOR

Dear subscriber,

After a long summer of relative inactivity at Alvalade, waiting for Sandfire to come up with a strategy and exploration budgets for their recent acquisition MATSA, JV partner of Avrupa, the i's are dotted and t's are crossed and finally drilling has commenced at the Lousal target. As I have commented in the past, I view Lousal as low hanging fruit because of the historic resources remaining from the ceased mining operations from a long time ago, and Sandfire's involvement might speed up things considerably, as Australian companies are often more exploration-focused. Read more about it here:

Avrupa Minerals Commences Drilling Again At Alvalade VMS Project In Portugal, Options Out Slivova Gold Project

Regards,

The Critical Investor