European Metals Share Discussion Threads

[someuwin] 01/11/2016 07:18

01 November 2016

For immediate release

1 November 2016

EUROPEAN METALS HOLDINGS LIMITED

New Exploration License Awarded and Redemption of Performance Shares

European Metals Holdings Limited ("European Metals" or "the Company") (ASX and AIM: EMH) is pleased to announce that it was granted a new exploration license Cinovec III.

Key Points:



* The new Cinovec III license fills the gap between the
Company's license Cinovec II and the Czech-German
border over the northern part of the Cinovec deposit,
and extends east, adjoining the Company's Cinovec II
license area.

* The aerial extent of the Cinovec III license is 6.8
km2. It covers geologically prospective area to the E
of the Cinovec deposit, with prospects of discovering
and developing additional lithium and tin ore.

* The best lithium intercept recorded in historic
drilling is 82.8m averaging 0.31% Li2O, starting at
depth of 585m.

* The potential lithium mineralization E of Cinovec is
blind; historic scout drilling identified greisenized
and lithium mineralized granite at depths of 500
meters below surface.


European Metals CEO Keith Coughlan said "We welcome the fact that the Czech government has granted us this third exploration license for which we recently applied. The license not only covers a small area above the Cinovec deposit itself along the Czech-German border, but also gives the Company exclusive rights to explore for potential deep seated lithium ore East of the Cinovec deposit. Geologic data indicate presence of mineralized granite similar to the one at Cinovec, but at deeper levels and not outcropping. The exploration target is high grade lithium and tin mineralization amenable to extraction from deeper horizons of the future Cinovec underground mine. Having this license granted means that the Company now controls 100% of the known mineralistion of the Cinovec ore body and adjacent mineralised areas."

[ahbroad] 31/10/2016 19:30

Not yet, but don't think for a minute it won't happen

[telbap] 31/10/2016 07:50

Have a look at the foot print required to make a Tesla. For sure this tech is the way forward, harva we will be burning fossil fuels for decades yet, you can't fly a jumbo jet on e- power.

[cyfalafwr] 30/10/2016 15:41

The solar energy hitting the earth exceeds the total energy consumed by humanity by a factor of over 20,000 times.So if we can harness 1/20000th of this energy all well and good.
These new roof solar tiles with a Powerwall battery must be the way forward not all about the EV batteries.All we need is mass production to keep the costs down.

On another note there is a guy down the road from me who drives a Tesla car which is charged from a wind turbine at the bottom of his garden.

[wrtmf] 30/10/2016 08:20

looking for a blue finish in oz tonight. quarterly report will be with us by tomorrow morning. highly likely drill update by the end of the week... away for a few days, look after the good ship emh!

[wrtmf] 29/10/2016 22:39

more on solar tiles. i really like this idea, hope it takes off...



more solar power generation, more power storage, more lithium.

[wrtmf] 29/10/2016 12:05

nice idea from tesla/solar city

[melody9999] 28/10/2016 19:53

Can't help feeling we are in the right place when we start producing lithium for Europe.

hxxp://www.energy-storage.news/news/mercedes-benzs-energy-storage-to-come-from-expanded-factory-wont-reveal-pro

[wrtmf] 28/10/2016 19:07

managed to shy away again from 40p. never mind. we'll get there.

[cyfalafwr] 28/10/2016 14:55

Interesting video.Now we need someone to build a Gigafactory next door to our resource !

[someuwin] 28/10/2016 13:03

Welcome to the Gigafactory! … @DavidLenigas

[wrtmf] 28/10/2016 07:59

xmas 8 wks away.

the best present we could have is an early mover for an off-take agreement, but after a mineral resource estimate update based on the latest 11 holes [and that is the 2nd best xmas present we could wish for, lol].

[a report back on 12th, 13th, 14th holes would not arrive until early january]

[wrtmf] 28/10/2016 07:52

oz closed at 41.75p. our best chance to finish above 40p is today...

[wrtmf] 28/10/2016 07:47

i think the 2nd article i posted last night makes it clearer its not us, but this investment firm that has been given this permit, is maybe a few hundred metres away.

when the mine was closed and the land parcelled off [if it was], did the tailings get separated out from the mine site?

odd. to give a permit to a firm that hasn't the expertise to deal with it, whilst we are clearly close to cracking the code. i think we have a dump of our own, is a permit for similar, something we are not seeking at this time or the ministry haven't got round to dealing with our application [not that its been mentioned in any recent rns].

my most cynical streak says ministry bods have invested in the private firm, given them the permit, hoping we or the germans buy the dump.

[frankie83] 28/10/2016 07:04

To be honest I've only been trading since Feb I'm still learning about what effects things have. Do you think it's Emh they are talking about?

[wrtmf] 28/10/2016 06:58

what's your take on the tailings/waste dump story?

thanks in advance

[wrtmf] 28/10/2016 06:53

i see the mid has jumped to 67 on hotcopper
i saw the bid move to 68.5 on advfn

good stuff!

[frankie83] 28/10/2016 06:52

No no spot on mate drill update and quarterly..... Let's hope if we do have something it ain't like last Friday... everyone has the day off...

[wrtmf] 28/10/2016 06:48

no probs, good to see others seeing the same

[wrtmf] 28/10/2016 06:45

drill update highly likely within a week confirming total 11 completed holes, 3 more commenced, analysis on anything upto 5 holes.

quarterly will confirm we have plenty of cash, but i don't expect much else on top of summary of a solid progressive 12wks.

something else on its way frankie?

[frankie83] 28/10/2016 06:44

Wrtmf sorry never seen your post lol

[frankie83] 28/10/2016 06:37

Low volume last night, but big jump at the end, may mean we get the quarterly today.... good news to come Fri/Mon :)

[wrtmf] 28/10/2016 06:12

asx. pulled down from 65.5 to 62.5cents in the last hr on very low volume.
lol, a few mins after close, bid moved to 68.5!

quarterly report this morning or monday morning.