European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTCQX:EMHLF) said recent testwork and engineering as part of the DFS process at Cinovec have highlighted opportunities to improve the lithium processing flowsheet for the project.
Joint venture Geomet's management team, in collaboration with DRA Global, is reviewing these findings to enhance the project's economic, environmental and broad social outcomes, EMH said in its latest quarterly statement.
Once a revised timeline for completing the DFS is confirmed, EMH added it will update the market.
“Meanwhile, the company is advancing various DFS-related programs of work focused on the Front-End Comminution and Beneficiation circuit (FECAB) and Lithium Chemical Plant circuit (LCP)."
Cash at the end of September amounted to A$4.1 million with no cash outflow related to Cinovec in the quarter just ended.