The Aznalcóllar Project is a past-producing property within the prolific Iberian Pyrite Belt. The focus of the project is the re-development of the Los Frailes deposit which is a high-grade VMS deposit (Zn-Pb-Cu-Ag). The historical open pit mineral resource as calculated by the previous operator of the mine was estimated to be 71 million tonnes grading 3.86% zinc, 2.18% lead, 0.34% copper and 60 ppm silver. Emerita completed extensive engineering, environmental and water management studies as part of the public tender process. At least two other deposits occur within the property that could lead to further expansion of resources for future development including the large past producing Aznalcóllar mine below the open pit and the Caridad deposit.