Kilambi News
Wednesday, October 21, 2026

Spain sets out 197 million euro hunt for hidden metals

Mining Wednesday, October 21, 2026 - Updated Oct 21, 2026 13:43

Spain's Geological and Mining Institute said a five year exploration program with estimated investment of 197 million euros will begin airborne mineral surveys covering 100,000 square kilometres within weeks, targeting copper, tungsten, lithium and other critical minerals in western and southern Spain.

Why it matters: The program is Spain's national attempt to find the deposits behind Europe's target of mining more of its own critical raw materials, and its survey data will decide where private explorers spend next.

Data as of Geological and Mining Institute of Spain (IGME) presentations at the Mining and Minerals Hall conference in Seville on Tuesday and Wednesday, October 20 and 21, 2026, reported by Colin McClelland for The Northern Miner and Mining.com and read in full. One reporting source carried by two outlets, so this item is single-sourced and graded C. Developing item.

Spain’s Geological and Mining Institute (IGME) said airborne mineral surveys covering 100,000 square kilometres will begin within weeks under a five year exploration program running from 2026 to 2030, with estimated investment of 197 million euros from government funded work and private spending. The flights will gather magnetic, radiometric and gravity data across the Central Iberian, Ossa-Morena and South Portuguese geological zones, flying lines 400 metres apart at about 100 metres, with completion scheduled for June 30, and artificial intelligence methods will be used to build predictive models of where mineralisation sits below the surface.

The first investigation areas are San Silvestre de Guzmán in Huelva province, targeting copper and elements associated with polymetallic sulphides including germanium, gallium and indium, and Morille in Salamanca province, targeting tungsten, tin, niobium, tantalum and lithium. At a Wednesday roundtable, explorers pressed IGME officials on how the spending will be allocated and how quickly survey results will reach companies, and officials cautioned that public funding still depends on annual appropriations while Spain operates under an extended budget.

Sources

  1. Spain hunts hidden metals with €197M plan - The Northern Miner - 2026-10-21
  2. Spain hunts hidden metals with $223M plan - Mining.com - 2026-10-21