HIGHLIGHTS
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· Drill Results |
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· Appointment of DFS Study Manager |
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· Memorandum of Understanding signed with Czech Government |
European Metals Holdings Ltd (LON:EMH) has today reported on its activities and continued progress in the development of the globally significant Cinovec Lithium / Tin Project in Czech Republic during the three month period ending September 2017.
DRILL RESULTS
On 16 August 2017 the Company announced analytical results for the first drillhole CIS-4 at the Cinovec Lithium-Tin Project (“the project” or “Cinovec”) and reported on its ongoing infill drilling program. Infill drilling was undertaken in the southwest section of the deposit, targeting two ‘gaps’ in the resource model that could potentially be targeted for mining in the initial years. Five out of six planned drillholes were completed during the period, for a total of 2163.1m. Assays have been received for the first drillhole CIS-4, which returned a continuous mineralized intercept of 148.30m averaging 0.40%Li2O from 297.7m drill string depth. In addition, the upper section of the main lithium interval contains significant tin and tungsten mineralization with 15.85 meters averaging 0.70% Li2O, 0.29% tin and 0.073% tungsten.
APPOINTMENT OF DFS STUDY MANAGER & TEAM
The Company welcomed Craig Reimer to the position of DFS Manager during the quarter. Craig has over 25 years’ experience in project management, engineering management and business management, and has delivered successful international mining projects for previous clients. Craig is a Mechanical Engineer.
He has previously worked on projects for BHP, Vale Inco, Atlas Iron, ENK, Lynas Rare Earths, Boddington Gold Mine, Alcoa, Jacobs and UGL. The projects range from scoping and feasibility studies, to front-end engineering and detail design, and on to construction and commissioning. Craig has previously worked on projects in Australia, UK, USA, Canada, Indonesia, Phillipines and Malaysia.
The Company is also pleased to have retained the services of Grant Harman as Metallurgical Consultant to the DFS. Grant is one of the world’s foremost lithium metallurgist and played a significant role in the Company’s successful PFS.
Grant was previously Manager Lithium Chemicals for Talison Lithium and was involved in the management of the Talison Lithium Carbonate Plant from Scoping Study to Definitive Feasibility Study. He was involved in the design and technical direction of the Talison Test Facility and has more recently been a technical consultant on the Sonora Lithium Project in Mexico.
Grant has had previous roles with UGL, SNC Lavalin, CleanTec, and Ausenco,
The expertise and experience of Craig and Grant will be complimented well by the Company’s Czech based team, led by Executive Director Richard Pavlik.
DEVELOPMENTS POST REPORTING PERIOD
MEMORANDUM OF UNDERSTANDING SIGNED WITH CZECH GOVERNMENT
On 2 October 2017 the Company announced the signing of a Memorandum of Understanding (“MoU”) with The Ministry of Industry and Trade of the Czech Republic regarding the development of the Cinovec Project. The MoU was signed in Usti nad Labem between the Minister of Industry and Trade, Jiri Havlicek and the Company, in the presence of the representatives of the Australian Embassy and Australian Trade and Investment Commission, 1st Deputy Governor of Usti Region Mr Martin Klika, president of the Tripartite of Usti Region, Mrs Gabriela Nekolova, Chairman of the Regional Bureau of Czechinvest Mrs Alena Hajkova, Chairman of the Regional Mining Bureau Mr Milos Matz, Mayor of the Town of Dubí Mr Petr Pipal and other guests.
The MoU expresses mutual willingness to:
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· work together to maximise downstream processing options within the Czech Republic; |
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· investigate suitable locations for processing facilities for the Cinovec Project to minimize impacts on the community and environment but maximize positive impacts on the economy and employment of persons of the area surrounding the Cinovec Project; |
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· co-operate to ensure all regulatory requirements are met, using best practices, and work together to ensure all permitting and regulatory issues are addressed in a timely manner; |
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· discuss and explore possibilities of future bilateral agreements between the Czech authorities and European Metals Holdings Limited concerning the framework of future cooperation in the sector of lithium, including the potential involvement of the Czech Government as an equity participant in European Metals Holdings Limited Cinovec Project; |
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· support and facilitate investment linked with these activities; and |
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· continue to co-operate with the Czech academic research bases with regards to ongoing research into the processing of lithium ores. |
