Proactive Investors - Run By Investors For Investors

European Metals confident about drilling upgrade at Cinovec

Cinovec is the largest lithium deposit in Europe and the fourth largest non-brine deposit in the world
Electric car
Lithium will find its way in to electric vehicles

Lithium explorer European Metals Holdings Limited (LON:EMH) remains confident that drilling underway at Cinovec in the Czech Republic will move significant resources into the indicated category.

European Metals has reported results from five of the eight holes planned in the programme, which is part of work ongoing on a Definitive Feasibility Study.

READ: Europa Metals releases full scoping study economics for Toral project

The company had no further news on a letter from Czech group Krupa Global Investments that purported to make an indicative offer on behalf of Ceske Lithium, one of KGI’s group of companies.

Losses in the half year to December were A$2.13mln (A$1.89mln), with cash at the period end of A$2mln.

Cinovec's hard rock lithium deposit currently has a total indicated resource of 348mln tonnes grading 0.45% Li2O and 0.04% tin, with an additional inferred resource of 309mln tonnes grading 0.39% Li2O and 0.04% tin.

This makes Cinovec the largest lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally significant tin resource.

View full EMH profile View Profile

European Metals Holdings Timeline

Related Articles

Gold  nuggets
January 29 2019
Maverix’s sole aim is to deliver shareholder returns through building an attractive precious metals royalty and streaming portfolio
1551788790_shutterstock_249210421-(1).jpg
March 06 2019
The deal transforms Royal Road into a major player in one of the world's most prospective gold districts
1534333583_Thunderstruck---Bryce-Bradley.jpg
August 15 2018
Thunderstruck has an attractive and diverse portfolio of assets in Fiji

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use