logo-loader
viewEuropean Metals Holdings

European Metals Holdings gets permission to conduct further drilling at Cinovec

European Metals has the fourth largest non-brine lithium deposit in the world

European Metals Holdings -
Hard rock lithium is much faster to process

European Metals Holdings Ltd (LON:EMH) has been granted an extension to the exploration licence that covers the two granted Preliminary Mining Permits at its Cinovec lithium project in the Czech Republic.

The granted PMPs convey the sole and exclusive rights upon the company to apply for a Final Mining Permit, but do not allow for further drilling.

As the company wishes to conduct further metallurgical and measured resource drilling, the extension to the exploration license that was due to expire in July 2019 was sought.

The licence has now been extended until 31 December 2020.

Cinovec hosts a globally significant hard rock lithium deposit with a total indicated resource of 372.4mln tonnes grading 0.45% Li2O and 0.04% tin, and an inferred resource of 323.5mln tonnes grading 0.39% Li2O and 0.04% tin, for 7.18mln tonnes lithium carbonate equivalent.

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

 

Quick facts: European Metals Holdings

Price: 15.11 GBX

AIM:EMH
Market: AIM
Market Cap: £23.38 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of European Metals Holdings named herein, including the promotion by the Company of European Metals Holdings in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

European Metals' Keith Coughlan hails completion of €29.1mln CEZ investment

European Metals Holdings Ltd's (LON:EMH) (ASX:EMH) Keith Coughlan speaks to Proactive's Andrew Scott after announcing its Czech subsidiary Geomet has now received €29.1mln following completion of its deal with power company, CEZ. CEZ now has a 51% equity interest in Geomet, which is the...

on 28/4/20

2 min read