Proactive Investors - Run By Investors For Investors

European Metals provides quarterly update

European Metals continues to make progress on the Cinovec project
European Metals provides quarterly update
Cinovec is one of Europe's leading lithium projects

European Metals Holdings LTD (LON:EMH)(ASX:EMH) ended the quarter to March with A$1.32mln cash in the bank.

The company completed a significant amount of drilling on its Cinovec lithium project during the period.

WATCH: European Metals targets EU demand for Lithium ahead of EV revolution

Results from five holes were released, and showed good grades. Among the highlights were 129 metres averaging 0.51% lithium dioxide, and 108 metres averaging 0.45%.

Following the period end the company also produced a battery-grade hydroxide sample, and updated its economic model for Cinovec accordingly.

Cinovec hosts a total indicated mineral resource of 372.4mln tonnes grading 0.45% lithium oxide and 0.04% tin, and an inferred mineral resource of 323.5mln tonnes at 0.39% lithium oxide and 0.04% tin.


View full EMH profile View Profile

European Metals Holdings Timeline

Related Articles

October 30 2018
Rainbow is continuing to drive towards a production rate of 400 tonnes per month
May 09 2019
Premier African Minerals Limited owns 49% of RHA tungsten mine in Zimbabwe
ASX share price gain
November 28 2018
The company spoke to its strength at its AGM this week in Sydney.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use