European Lithium chairman Tony Sage increases shareholding further
Shares have been rising over the past week, up nearly 40% to $0.25.
Company
ASX:EUR
European Lithium is a listed mining exploration and development company focusing on its wholly owned Wolfsberg Lithium Project in Austria. The company aims to be the first local lithium supplier into an integrated European battery supply chain.
250 stories · page 3 of 3
Shares have been rising over the past week, up nearly 40% to $0.25.
During October, European Lithium completed a placement raising $2.3 million.
Shares are trading up 35% over the past month to $0.068.
European Lithium will receive a consideration payment for the amended terms.
The company plans to fast-track a pre-feasibility study at its Wolfsberg Lithium Project in Austria.
The company remains focused on the Wolfsberg Lithium Project.
The pre-feasibility study will be funded by the recent $2.1 million placement.
European Lithium is the first Australian company to also be listed in Austria.
The funds raised will be used towards finalising the pre-feasibility study.
The company's Wolfsberg Lithium Project is located in Austria.
European Lithium remains focused on the Wolfsberg Lithium project.
EUR will allocate the funds to its Wolfsberg Lithium project in Austria.
European Lithium is fast-tracking the development of the Wolfsberg lithium project.
The company is fast-tracking the development of the Wolfsberg Lithium Project.
The company is fast-tracking the development of the Wolfsberg Lithium Project.
The halt will remain in place until Friday 7th July 2017.
The resource data will form the base of the upcoming pre-feasibility study.
The company is fast-tracking the development of the Wolfsberg Lithium Project.
Assays from two diamond holes at Zone 2 confirm lithium mineralisation.
The company is focused on fast-tracking a lithium mining operation at Wolfsberg.
The company expects up to receive $450,000 cash over the coming months.
The Zone 2 area lies outside the current JORC resource estimate.
Wolfsberg's resource is expected to swell from a pending update.
The company has now completed its second deal in the cobalt space.
The halt will remain in place until Thursday 8th June 2017.
The company recently signed a binding term sheet with its first off-take partner.
An initial mining study has already valued Wolfsberg at US$94.8 million.
The halt will remain in place until Monday 15th May 2017.
Study results value Wolfsberg at US$94.8 million noting upside potential.
Drill results from the first two deep holes have been received.
Due diligence has been completed unlocking a $20,000 cash payment.
Drilling results are expected over the next four weeks.
Observations of pegmatites in the drill core bodes well for pending assays.
The company’s strategy is to acquire and invest in undervalued assets.
Test work has now commenced on flotation and magnetic separation.
Current drilling is aimed at extending lithium mineralisation at Wolfsberg.
Cape Lambert Resources shares are up 30% year to date.
European Lithium (ASX:EUR) has issued 70.3 million shares as part of the Tranche 2 consideration shares tied to the acquisition of the Wolfsberg lithium project in Austria.
Tony Sage said that the funds will be applied to fund the aggressive development of Wolfsberg.
European Lithium is continuing the aggressive development of the Wolfsberg Lithium Project.
European Lithium has received a Buy Recommendation at A$0.18 share price target.
Steve Kesler, CEO, commented: “The resource model will allow us to initiate mine design studies to determine the maximum rate of underground mining that can be economically achieved.”
A JORC 2012 compliant resource is the next key step in advancing the Wolfsberg lithium project.
Steve Kesler, CEO, commented: "These results confirm the Wolfsberg deposit to have high grade pegmatite veins."
Wolfsberg has a JORC compliant inferred resource of 3.7 million tonnes at 1.5% lithium oxide.
European Lithium Ltd (ASX:EUR, FRA:PF8) has listed its shares on the Frankfurt Stock Exchange to increase exposure to European investors.
This surface drilling exploration program will aim to upgrade the current JORC resource to advance the lithium project towards the development phase.
European Lithium Ltd to update on exploration at Wolfsberg.
Tony Sage, chairman, commented: “We are focused on the aggressive development of the project, with the fund raising and ASX listing successfully completed the company can concentrate on the potential for fast track production.”
European Lithium Ltd has completed its drilling program at the Wolfsberg Lithium Project in Austria which aims to support an updated JORC 2012 resource.