European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTC:EMHLF)'s (European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTC:EMHLF))(European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTC:EMHLF)) Keith Coughlan caught up with Proactive after publishing their update on its pre-feasibility study for the Cinovec lithium project in the Czech Republic.
Incorporating changes to the mining process into the 2019 PFS had increased the estimate of annual production by 16% to 29,400 tonnes of lithium hydroxide, while the value (NPV) rises to US1.94bn from US$1.1bn.
He says the results are very positive for the overall economics, resulting in a far greater amount of the ore resource being utilised for production of lithium and increasing the after-tax NPV8 from USD1.1B to USD1.94B.