Share Name Share Symbol Market Type Share ISIN Share Description
Europe Met LSE:EMH London Ordinary Share VGG3191T1021 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 45.50p 44.00p 47.00p 47.50p 45.50p 45.50p 147,349 11:00:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.2 -1.3 - 59.63

Europe Met Share Discussion Threads

Showing 3101 to 3123 of 3125 messages
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Interesting article. Says CRU group follows four producers all in China and ..."Another 10 projects representing 400,000 tons are rated “probable̶1; -- in Canada, Chile, China, Mexico, Argentina and Australia. " Europe doesn't merit a mention at all. Also says that the brine pond producer in Northern Argentina undershot initial targets by circa 20%, suggesting this cheapest method is perhaps not as straightforward as predicted. Where EMH stands relative to this is unclear in the current deafening silence. But I'll continue to hold my small slice.
All great news long term, however, when will this company actually bite the bullet and come to market with a plan and cost so we can all either leave the table or invest further. Considering how hot this sector is becoming (EV market) I fail to see why they are taking it so slow.
Another interview with KC interesting what he says about the tin and tungsten. Sorry cant post the link, but he is basically saying that the tin and tungsten deposits are looking very good at shallow depths which is very good for securing funding and funding further mining. Sam
Https:// As I explained earlier. Also confirmation of off takers waiting.
The most telling news in this RNS is the employment of the experienced PM for the DFS which is already underway. IMO the costs associated with this would not be expended if current discussions with potential partners and off takers were not going to plan! The infill drilling results are just as expected and part of the current expansion study to improve the overall economics reported in the PFS! To bring down production costs and increase the IRR! 'Gaps that could be potentially mined in the initial years. This will provide additional options for optimizing production and development schedule. I am particularly pleased with the strong tin and tungsten credits in this part of the Cinovec South deposit.' As I've stated previously. Keith said after the PFS that one of the first things we will do is an expansion study, that is look at the economics of increasing the size of the whole operation. This infill drilling in the south is part of that expansion study. Due to the higher tin credits in the south, the production costs will be more in line with the scoping study and the overall project economics will be improved. Five more infill drill results to follow very soon (4 of them have already been drilled and the last one underway) and then the expansion study to upgrade the PFS. The DFS has started and Partners / off takers in discussions/ watching. Everything is going to plan!
European Metals Holdings Limited Drill Results and Appointment of DFS Manager 16/08/2017 7:00am UK Regulatory (RNS & others) Europe Met (LSE:EMH) Intraday Stock Chart Today : Wednesday 16 August 2017 Click Here for more Europe Met Charts. TIDMEMH RNS Number : 1025O European Metals Holdings Limited 16 August 2017 For immediate release 16 August 2017 EUROPEAN METALS HOLDINGS LIMITED Drill Results and Appointment of DFS Manager European Metals Holdings Limited ("European Metals" or "the Company") (ASX & AIM: EMH) is pleased to report on its ongoing infill drilling program and announce analytical results for the first drillhole CIS-4 at the Cinovec Lithium-Tin Project ("the project" or "Cinovec"). In addition, the Company is pleased to announce the appointment of Mr Craig Reimer as the Manager of its Definitive Feasibility Study. HIGHLIGHTS * Infill drilling continues in the southwest section of the deposit, targeting two 'gaps' in the resource model that could potentially be targeted for mining in the initial years. * Altogether, five out of 6 planned drillholes have been completed this year, for a total of 2163.1m. * Assays have been received for the first drillhole CIS-4, which returned a continuous mineralized intercept of 148.30m averaging 0.40%Li2O, starting at 297.7m drill string depth. * In addition, the upper section of the main lithium interval contains significant tin and tungsten mineralization: 15.85 meters averaging 0.70% Li2O, 0.29% tin and 0.073% tungsten. * Experienced Project Manager, Craig Reimer has been appointed to head the Company's Definitive Feasibility study. European Metals Managing Director Keith Coughlan said, "We are very pleased with the drilling progress to date and the results for the first hole CIS-4 drilled this year. The lithium and tin mineralization intersected in the first hole is strong and continuous and will increase the size of our current inferred and indicated resource at Cinovec south. This will provide additional options for optimizing production and development schedule. I am particularly pleased with the strong tin and tungsten credits in this part of the Cinovec South deposit. In addition, we welcome Craig Reimer as the Manager of the Definitive Feasibility Study. Craig is a hugely experienced Project Manager and has worked for numerous clients in Australia and overseas and has been involved with studies, commissioning and construction of large scale projects. Craig will head an excellent study team located in Australia and Czech that is focused on delivering a robust Study in H2 2018. Drill Program The current six-hole drill program at Cinovec South is planned to focus on infill drilling in two areas where data density is low and 'gaps' in the resource model occur. There are the expectations this will add to the high grade resource at Cinovec South in critical areas where mining will start. It will also assist in the conversion of resources from Inferred to Indicated category, and delivery of material for metallurgical testing. So far five diamond core holes have been completed, and one is underway. The drill hole information is listed in Table 1 below, and their locations are shown on the sketch below: Table 1 - Completed drillholes, Cinovec South Hole North East Elevation Depth Azimuth Dip Comments ID (m) (m) ------- ------------- ------------- ---------- ------ -------- ------- ----------- Infill, CIS-4 -966605.9(1) -778582.9(1) 863 448 16.6 -84.6 completed ------- ------------- ------------- ---------- ------ -------- ------- ----------- Infill, CIS-5 -966607.8(1) -778585.1(1) 862.8 458.8 271.8 -81.28 completed ------- ------------- ------------- ---------- ------ -------- ------- ----------- Infill, CIS-6 -966516.0(1) -778544.1(1) 866.2 456 28.8 -86.97 completed ------- ------------- ------------- ---------- ------ -------- ------- ----------- Infill, CIS-7 -966454.0(1) -778655.3(1) 864.4 450.3 0(3) -90(3) completed ------- ------------- ------------- ---------- ------ -------- ------- ----------- Infill, CIS-8 -966570.0(2) -779163.0(2) 805 350 340(3) -70(3) completed ------- ------------- ------------- ---------- ------ -------- ------- ----------- CIS-9 -966570.0(2) -779163.0(2) 805 0 25(3) -68(3) ongoing ------- ------------- ------------- ---------- ------ -------- ------- ----------- Hole locations are recorded in the local S-JTSK Krovak grid, (1) Coordinates surveyed, (2) Coordinates determined by GPS, (3) Planned, no inclinometry yet. (Please refer to the announcement on the European Metals Website for Figure 1: Plan view projected resource blocks, EMH completed and underway drill holes - After geological logging, drill core is cut in half with a diamond saw. Quarter core samples are selected (honouring geological boundaries) and dispatched to ALS (Romania) for preparation and assay; the 3/4 of the core is returned to the core box and stored securely on site. Samples are being prepared and analysed by ALS using ICP and XRF techniques following standard industry practice for lithium and tin deposits. Strict QAQC protocols are observed, including the insertion of a Li standard in random fashion for every 10 core samples. Mineralized Intercepts and Lithology in CIS-4 The CIS-4 drill hole is collared in rhyolite in the eastern area of the Cinovec South deposit. The main characteristics is the presence of massive greisen/greisenized zone in granite just below its contact with the overlying rhyolite. In CIS-4, the Li-mineralized greisen and strongly greisenized granite start immediately bellow the rhyolite/granite contact at a depth of 279.7m. Below the contact, variably altered granite with two major and several minor greisen zones were intersected. Underlying albite granite with lithium mica starts at 320.6m and continues to 338.9m drill string depth. The section from 338.9m up to 426m is formed mostly by greisenized Li-mica rich granite. The tin and tungsten mineralization is spatially associated with the strong to pervasive greisen style alteration in the upper 75.3m of the hole. If no Sn cutoff is applied, the interval grades 0.14% Sn, 0.035%W and 0.42% Li(2) O. Table 2 below provides summary of the results. According to the geological and block model the greisen bodies (and the mineralized zones) dip to the south, although this fact could not be fully confirmed by core angles observations in the core. The CIS-4 drillhole was angled 16.6 degrees toward NE, with dip -84.6 and the reported intercepts appear close to true thicknesses. Table 2 - Mineralised intercepts in CIS-4 CIS-4 ---------------------------------------------------------------------------- From To Interval Li2O Sn W (%) Note (m) (%) (%) ------ ------- --------- ----- ----- ------ -------------------------- incl. 4.6m@0.76%Li2O (282.4-287m), 5m@0.82%Li2O (289-294m), 5m@0.76%Li2O (313-318m) and 279.7 428 148.3 0.40 2m@1.01%Li2O (424-426m) ------ ------- --------- ----- ----- ------ -------------------------- 279.7 295.55 15.85 0.70 0.29 0.073 ------ ------- --------- ----- ----- ------ -------------------------- incl. 0.7m@1.036%W 288.3 294 5.7 0.80 0.40 0.197 (288.3-289m) ------ ------- --------- ----- ----- ------ -------------------------- 298.5 303.5 5 0.45 0.10 0.061 ------ ------- --------- ----- ----- ------ -------------------------- 302.5 305 2.5 0.34 0.23 0.039 ------ ------- --------- ----- ----- ------ -------------------------- 310.3 313 2.7 0.57 0.27 0.003 ------ ------- --------- ----- ----- ------ -------------------------- 315 317 2 0.76 0.05 0.188 ------ ------- --------- ----- ----- ------ -------------------------- 318 325 7 0.32 0.18 0.012 ------ ------- --------- ----- ----- ------ -------------------------- 329.5 332.5 3 0.32 0.31 0.048 ------ ------- --------- ----- ----- ------ -------------------------- 331 332.5 1.5 0.34 0.30 0.074 ------ ------- --------- ----- ----- ------ -------------------------- 342 343 1 0.62 0.03 0.096 ------ ------- --------- ----- ----- ------ -------------------------- 351 355 4 0.32 0.17 0.002 ------ ------- --------- ----- ----- ------ -------------------------- As required under the 2012 JORC Code, details of the current drill program are appended (Table 1). Definitive Feasibility Study Manager and Team The Company is pleased to welcome Craig Reimer to the position of DFS Manager. Craig has over 25 years' experience in project management, engineering management and business management, and has delivered successful international mining projects for previous clients. Craig is a Mechanical Engineer. He has previously worked on projects for BHP, Vale Inco, Atlas Iron, ENK, Lynas Rare Earths, Boddington Gold Mine, Alcoa, Jacobs and UGL. The projects range from scoping and feasibility studies, to front-end engineering and detail design, and on to construction and commissioning. Craig has previously worked on projects in Australia, UK, USA, Canada, Indonesia, Phillipines and Malaysia. The Company is also pleased to have retained the services of Grant Harman as Metallurgical Consultant to the DFS. Grant is one of the world's foremost lithium metallurgist and played a significant role in the Company's successful PFS. Grant was previously Manager Lithium Chemicals for Talison Lithium and was involved in the management of the Talison Lithium Carbonate Plant from Scoping Study to Definitive Feasibility Study. He was involved in the design and technical direction of the Talison Test Facility and has more recently been a technical consultant on the Sonora Lithium Project in Mexico. Grant has had previous roles with UGL, SNC Lavalin, CleanTec, and Ausenco. The expertise and experience of Craig and Grant will be complimented well by the Company's Czech based team, led by Executive Director Richard Pavlik. BACKGROUND INFORMATION ON CINOVEC PROJECT OVERVIEW Cinovec Lithium/Tin Project European Metals owns 100% of the Cinovec lithium-tin deposit in the Czech Republic. Cinovec hosts a globally significant hard rock lithium deposit with a total Indicated Mineral Resource of 348Mt @ 0.45% Li(2) O and 0.04% Sn and an Inferred Mineral Resource of 309Mt @ 0.39% Li(2) O and 0.04% Sn containing a combined 7.0 million tonnes Lithium Carbonate Equivalent and 263kt of tin. An initial Probable Ore Reserve of 34.5Mt @ 0.65% Li2O and 0.09% Sn has been declared to cover the first 20 years mining at an output of 20,800tpa of lithium carbonate. This makes Cinovec the largest lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally significant tin resource. The deposit has previously had over 400,000 tonnes of ore mined as a trial sub-level open stope underground mining operation. The recently completed Preliminary Feasibility Study, conducted by specialist independent consultants, returned a post tax NPV of USD540m and an IRR of 21%. It confirmed the deposit is be amenable to bulk underground mining. Metallurgical test work has produced both battery grade lithium carbonate and high-grade tin concentrate at excellent recoveries. Cinovec is centrally located for European end-users and is well serviced by infrastructure, with a sealed road adjacent to the deposit, rail lines located 5 km north and 8 km south of the deposit and an active 22 kV transmission line running to the historic mine. As the deposit lies in an active mining region, it has strong community support. The economic viability of Cinovec has been enhanced by the recent strong increase in demand for lithium globally, and within Europe specifically. CONTACT For further information on this update or the Company generally, please visit our website at www. or contact: Mr. Keith Coughlan Managing Director
I havnt seen a link for this posted before. hxxps:// Do they want to build or dont they. Sam
Http:// Just google translate
The demand for EV Lithium is clear now, and I am expect a MOU of some sort will be signed one day to take up production. Only things is production is still 2-3 years away. The DFS is most important study for this project and will determine the route of the financing. Of course a major Co could buy a large share in the Co. Like Newmont has for SOLG.
From LSE Over the last few weeks and months there has been much speculation on this bb about who our potential automotive partners might be. In recent days this seems to have polarized towards Volkswagen. VW is undoubtedly still suffering a very expensive PR and credibility meltdown from 'Dieselgate'. It has settled a multi billion dollar US lawsuit to compensate customers for a range of damages including loss of residual values. In light of this the rest of the world have woken up to the fact that VW's initial paltry individual offers were not acceptable. In an unprecedented move the UK and Netherlands have now joined together in a high value class action against VW. Naturally, VW (and all other manufacturers who participated in similar deceptions), being keen to re-establish their green credentials, are accelerating their EV offerings. VW have now completed the development of their MEB platform which will be used by most group companies by 2020 (Audi and Porsche had prior commitments). Http:// The Czech Gov Mining Strategy document (summarized in post 1617 above): Https:// is an absolute must read for everyone. Every single word of it. It spells out the future for all to see. It clearly states that Czech intends to maximise the added value in its natural resources through in country vertical integration. It will get 'involved'. It will offer 'encouragement' and it will favour indigenous companies. It mentions EMH at length throughout the document. HE3DA features strongly and other battery manufacturers get name checks. Czech is going into production big time. So what's this got to do with VW and recent speculation? SKODA! Https:// Https:// Http:// As part of VAG, not only would Skoda receive preferential treatment by the Czech Gov but their plans are bang on time with our own production plans. In association with a locally based battery manufacturer they would also satisfy the Gov's in country value added plan. But just imagine what it would mean to us if VW were to use Skoda as a back door to supply all VW's MEB requirements across their various global brands. Czech would be happy, Germany too. All their other EU factories would be happy with tariff free borders and Brexit wouldn't matter 'cos we only make Bentleys here. The thought of EMH Lithium being used in VW's Chinese, South American and Mexican factories - and shipped there at VW's cost - appeals to me. Would I be happy? Betcha life I would!!! Skoda Superb!
From a post elsewhere: Czech Gov mining strategy: Now we know what the up to date Czech Gov plans are: In summary: - Draft dated June '17. Final report in coming weeks. - Balanced and very detailed in all aspects. - Confirms EU 2008 Directive on securing strategic resources. - None of our Li is going to China. - Appears to say the same for Sn and W. - All to be processed in Czech for maximum return. - Suggests BCN ore to also be processed at Cinovec. - Ponds and tailings open to offer or JV. - Vertical integration from mine to complete battery production. - Czech Gov offering incentives to strategic incomers. - Aus Gov involved and approve of strategy. - DIAMO very supportive. EIA approval nailed on. - Mine and plant location approved. Local employment upside. - Gov really like the way EMH are doing things. - Full mining permits for EMH are now, imo, a given. - Gov bureaucratic delays kept to a minimum to enable Full speed ahead to production. With that level of all round support I'm not surprised KC has a number of JV / OTA suitors. Germany could push for Daimler, Czech could prefer indigenous battery manufacturer (they'll not want corporate profits and thus taxes to be repatriated). Interesting mention of Skoda which is owned by VW. Could be the answer to both scenarios. All to play for but we're firmly in the driving seat. Great report, great news.
myst1 - useful table thanks - what about BCN ?
Https:// Lets compare the 5 companies mentioned, ignoring the better location of EMH: PLS Market cap $550 Million : containing an estimated 1.95 million tonnes of LCE LAC Market cap $420 Million : Proven & probable reserves 1.5 million tonnes LCE LIX Market cap $170 Million : Indicated & Inferred resource 2.05 Million tonnes LCE EMH Market cap $100 Million : Indicated & Inferred resource 6.99 Million tonnes LCE AVZ Market cap $90 Million : Can’t find any indication seem they just drilled first hole The above resource no's for EMH also excludes all the tin. EMH has got to be the cheapest share on AIM IMHO.
We need Off Take news here. Come on BMW but your money where your mouth is. The good thing here is only 135 Million shares, so any great news it will be £1 in no time at all. Haha.
Thanks for infoI will expect a combination Partner or debt or funding by dilution
strategic partner will be providing funding. I think KC has made that pretty clear in the last few interviews, and with the interim funding being cited as necessary to ensure the best deal possible.
I think he mentioned £10m in the video. Guess we have to wait to see what happens with offtake agreements?
qackers, I am comparing this to other DFS studies I have seen delivered. AUD 2 Million is not enough...need more like 3 or 4 times that at least "preparation of the Company’s Definitive Feasibility Study"..the wordings here are not quite clear hence my cynicism. I am just talking from previous knowledge of other Cos
Funding also addressed in the proactive interview at around 3mins in. Doesn't expect to go to market for more funds prior to mine construction
Regarding funding see below. From the company statement issued 27th June 2017 INTERIM FUNDING The Company is actively engaged in discussions with potential European strategic partners with regards to the funding and development of the Cinovec Project. Given the high level of interest in Europe in the lithium market, the Company is confident of a successful outcome in the near term in this regard. In order to allow sufficient time to finalise discussions and properly assess the various options open to the Company, the Company has arranged an interim funding facility to maintain momentum in developing the project. This facility has been provided by an Australian based sophisticated investor, 6466 Investments Pty Ltd, and allows for the draw down of up to AUD 2 million in tranches as required over 12 months. Any funds drawn down will convert to CDI’s in the Company at a 10% discount to the 10 day vwap in the Company’s securities. The funds will be used in the preparation of the Company’s Definitive Feasibility Study, for further drilling and general working capital. The issue of shares pursuant to draw downs does not require shareholder approval.
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