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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.

 

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