European Metals Share Discussion Threads

[runthejoules] 19/12/2017 07:24

FURTHER PROGRESS TOWARDS MINING LICENCE; ROAST OPTIMISATION



In February 2017 European Metals Holdings Limited ("European Metals" or "the Company") announced that the Cinovec South Resource had been added to the Czech State resource register, the first step in the process for the granting of a mining permit.

The Company is now pleased to announce that the Cinovec NorthWest Resource has also been added to the Czech State resource register.

Additionally, recent optimisation test work has demonstrated the ability to reduce roast temperatures and duration which can result in significant cost savings both in CAPEX and OPEX.

Key Points:



· NorthWest Resource added to Czech State resource register - majority of Cinovec Resource now officially recognised by Czech mining authorities



· Optimisation test work indicates potential significant savings in both OPEX and CAPEX



European Metals CEO Keith Coughlan said: "Subsequent to a submission we made to the State Authority, the Cinovec NorthWest resource estimate was approved by a Ministerial Experts Committee for Final reports and projects and placed on the State Register of mineral deposits. We are very pleased with this development and see it as confirmation that the Company is moving forward within the regulatory framework of the Czech Republic and in full consultation with the relevant Czech Ministries. This approval is a pre-requisite for receiving a mining permit in this area.

The placing of the NorthWest resource on the State Register, in addition to those portions of the deposit previously added, finalises the first stage of the permitting process. The Company will now apply for a preliminary mining permit over this area to join the previously awarded preliminary mining permits over the southern and eastern portion of the deposit.

The Company continues to progress the development of its industry proven, sulphate roast-based flow-sheet of mica-concentrate from the Cinovec Project. It is very pleasing to see the recent optimisation testwork produce strong indications of potential cost savings in both OPEX and CAPEX. Our Preliminary Feasibility Study has highlighted the potential for Cinovec to be a low cost producer of battery grade lithium carbonate. Any further savings will only enhance the already strong economics. In addition, our current lock cycle testwork program has again shown we are able to produce battery grade product with >99.5% pure lithium carbonate."

Further Information



The process for the award of a mining permit commences with the placing of a mineral resource on the State Resource Registry and receiving a certificate of an 'exclusive mineral deposit'. This is achieved by defending a resource calculation and a preliminary technical and economic analysis proving the studied resource has a quality consistent with a potentially mined deposit. The addition to the State Resource Register means that civic development on top of the area is restricted and it allows the Company to apply for setting a preliminary mining space, which is a step toward obtaining the final mining permit.



BACKGROUND INFORMATION ON CINOVEC

PROJECT OVERVIEW

Cinovec Lithium/Tin Project

European Metals, through its wholly owned Subsidiary, Geomet s.r.o., controls the mineral exploration licenses awarded by the Czech State over the Cinovec Lithium/Tin Project. Cinovec hosts a globally significant hard rock lithium deposit with a total Indicated Mineral Resource of 372Mt @ 0.44% Li2O and 0.04% Sn and an Inferred Mineral Resource of 324Mt @ 0.39% Li2O and 0.04% Sn containing a combined 7.22 million tonnes Lithium Carbonate Equivalent and 278kt 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.

EMH has completed a Preliminary Feasibility Study, conducted by specialist independent consultants, which indicated a return 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.

[weidner] 19/12/2017 00:59

capitulation imminent

[pierre oreilly] 01/12/2017 18:21

jim slater's (the man i've followed and has made me well off enough to retire in my forties) number one rule - never invest in holes in the ground.

hth white. it could save you a lot of money. I'll repost this on the emh thread to help those there.

[scrutable] 30/11/2017 23:33

Dis anyone posting here go to today's AGM and if so do you have anything of interest to tell those of us unable to attend?

[dvsfm] 29/11/2017 12:50

Mac, is this your first investment in EMH or were you a holder prior to this?, Did you get offered a set amount?, just curious as to how these things work, thanks

[maccamcd] 29/11/2017 11:18

I've invested in this placing. It's a great resource and location is VERY important to the large scale car manufacturers.If Keith gets lucky.. We are very lucky shareholders!Good luck dudes

[frankie83] 26/11/2017 20:10

Any news here?

[sambuca] 24/11/2017 19:13

Myst
The converter I used said that As $.7 = .41p I have just done a straight AS $1.00 conversion and my converter says that this = .57p and doing the reverse converting from GBP to AS$ it says 45p = AS $ .79 if you can show me that this is wrong then I will find another converter as this one is giving me false information.
As for the old news the video with KC might have been an old interview but the written article was dated 20th November 2017.

SAm

[myst1] 23/11/2017 20:04

Sam

Your wrong ASX last night was equivalent to 45p. Therefore we are not leading the way. Also your post from yesterday is old news.

Suggest you check out LSE share chat and get up to date!

[sambuca] 23/11/2017 18:49

Scrutable
A$0.07 equates to .41p so we are still leading the way.

Sam

[scrutable] 23/11/2017 16:19

EMH was up last night sharply A$0.07 cents on ASX. Something has caused a change in sentiment. Most likely it stems from the current changes in Government.

[sambuca] 22/11/2017 16:28

News item from 2 days ago
Cant post the link if you google proactive investors and scroll down just past the advert for a Mini Copper you will find aninterview with KC

Sam

[simonsaid1] 22/11/2017 15:46

Someone on the LSE forum had an email from Keith Coughlan saying the political situation in the Czech Republic had improved and he hoped to be able to make an announcement this week.

I believe this is the basis for today's impressive rise.

All looking good.

[ishwar] 22/11/2017 15:39

Sorry not able to follow

[telbap] 22/11/2017 15:06

Looks like a little teams truck kick for us. Looks good to me.....roll on 80p

[wrtmf] 20/11/2017 17:30

slightly off topic - after hours, scoping study from prem for spodumene and petalite for anyone interested in their numbers...

[not a holder of prem]

[melody9999] 18/11/2017 21:59

Quite right cy. Actually further to my post 1125, it would be good for Keith to consider a battery storage unit on the mine site. Depends on the potential outages seen from historical data, but it would be rather irritating for a lithium mine production to be affected because it was not storing any power!

[cyfalafwr] 18/11/2017 19:59

Its not all about EV's

[wrtmf] 17/11/2017 15:22

new truck and sports car showcased by tesla

[dozey3] 12/11/2017 09:41

Quite agree, melody. Stick to your knitting, and when the garment’s finished you can embroider round the edges and make it pretty. Of course, no harm in thinking of finishing touches in advance but must keep the main task moving at full speed.

[melody9999] 12/11/2017 09:18

developing renewable energy projects is a completely different skill set and EMH should focus on delivering the lithium mine. if there is an opportunity to partner with someone to deliver cheaper electricity to power the mine, then that is a different thing...regardless of the source of that electricity. Security of supply is just as important. I am sure that both cost and supply of electricity are high on Keith's agenda.

As far as I am concerned this is about getting a lithium mine into production as quickly as possible, at lowest cost, with maximum reliability, and with due regard to safety.