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European Metals Holdings

European Metals ‘pleased’ with continued progress at its Cinovec Lithium project

The AIM-listed firm said recent metallurgical testwork showed that modest increase in roasting temperature significantly increases lithium recovery

Lithium
European Metals said that substituting lime with a more cost-effective limestone did not reduce lithium recovery

European Metals Holdings Limited (LON:EMH) has said it is ‘pleased’ with continued progress at its Cinovec Lithium/Tin project in Czech Republic during the three month period ending March 2018.

In a quarterly activities report, the AIM-listed firm noted that recent metallurgical testwork showed that modest increase in roasting temperature significantly increases lithium recovery, with lithium leach recoveries of 94-95% achieved from the recent laboratory scale roasting and water leaching tests.

READ: European Metals appoints Neil Meadows as chief operating officer

European Metals said that substituting lime with a more cost-effective limestone did not reduce lithium recovery.

The company concluded: “This finding will support the achievement of significant cost savings in this part of the flowsheet.”

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 - the largest lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally significant tin resource - has previously had over 400,000 tonnes of ore mined as a trial sub-level open stope underground mining operation.

The company said that the economic viability of Cinovec has been enhanced by the recent strong increase in demand for lithium globally, and within Europe specifically.

Quick facts: European Metals Holdings

Price: £0.18

Market: AIM
Market Cap: £26.39 m
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