European Metals Holdings Limited (LON:EMH) Managing Director Keith Coughlan talks to DirectorsTalk about some very encouraging results published. Keith explains the significance of the results after the completion of the planned core drillhole programme, gives an indication as to when we can expect news on the further metallurgical work done and how the appointment of a Czech Country Manager fits in.
European Metals Holdings Limited ORD NVP (DI) owns 100% of the Cinovec lithium-tin deposit in the Czech Republic. Within this resource lies one of the largest undeveloped tin deposits in the world, with total Indicated Mineral Resource of 15.7Mt @ 0.26% Sn and an Inferred Mineral Resources of 59.7 Mt grading 0.21% Sn for a combined total of 178kt of contained tin. The Mineral Resource Estimates have been previously released on 18 May 2016. The deposit has previously had over 400,000 tonnes of ore mined as a trial sub-level open stope underground mining operation.
A Scoping Study conducted by specialist independent consultants indicates the deposit could be amenable to bulk underground mining. Metallurgical test work has produced both battery grade lithium carbonate and high-grade tin concentrate at excellent recoveries with the Scoping Study. Cinovec is centrally located for European end-users and is well serviced by infrastructure, with a sealed road adjacent to the deposit, rail lines located 5 km north and 8 km south of the deposit and an active 22 kV transmission line running to the historic mine. As the deposit lies in an active mining region, it has strong community support.
