Variscan Mines Limited (ASX:VAR) is an Australian natural resources company focused on the acquisition, exploration and development of high-quality strategic mineral projects, primarily targeting zinc, lead, copper, gold and other base metals; its core assets include the advanced Novales-Udías Zinc Project in northern Spain featuring the San Jose and Udías mines with extensive historic underground development and high-grade mineralisation in the Reocín Formation, the Guajaraz Project in southern Spain, and additional interests in Chile and Australia. Founded in 1987 and headquartered at Level 5, 191 St Georges Terrace, Perth, Western Australia, the company operates across Europe and the Americas, serving global base metals markets with a portfolio emphasising near-term production potential from brownfield zinc assets. Recent developments include the September 2025 approval of a restoration plan for Novales-Udías mining licences enabling exploitation activities through 2035 with potential 30-year extension and supporting a 13,800m surface drilling program, acquisition of 146 historic drillholes totalling 52,034m across expanded 111 sq km licences in 2025 enhancing resource scale, a March 2023 exclusive marketing agreement with Square Trading Singapore Pte Ltd for worldwide sales of future zinc and lead concentrates from Novales-Udías and Guajaraz projects alongside assistance in securing third-party financing, a A$2.5 million two-tranche placement in 2025 to accelerate zinc growth and establish Irish zinc presence, ongoing underground drilling at San Jose and Udías yielding high-grade zinc intercepts, a completed 3D laser survey at Udías confirming under-explored extensions, and advancement of a mine re-start scoping study targeted for mid-2025.