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European Lithium to raise funds for Wolfsberg project

The halt will remain in place until Thursday 8th June 2017.

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European Lithium is preparing an updated resource

European Lithium (ASX:EUR) has been granted a trading halt by the ASX, pending details of a capital raising.

EUR is focussed on the wholly-owned Wolfsberg Lithium Project which has a JORC resource estimate of 6.3 million tonnes at 1.17% lithium oxide.

This resource is expected to swell from a pending update.

The halt will remain in place until the opening of trade on Thursday 8th June 2017, or earlier if an announcement is made to the market.

Quick facts: European Lithium Ltd

Price: 0.081 AUD

ASX:EUR
Market: ASX
Market Cap: $47.56 m
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