Home » Market News » DirectorsTalk Highlights » INTERVIEW: European Metals Holdings Ltd Cinovec is a globally significant lithium deposit
European Metals Holdings Ltd

INTERVIEW: European Metals Holdings Ltd Cinovec is a globally significant lithium deposit

European Metals Holdings Ltd (LON:EHM) Managing Director Keith Coughlan caught up with DirectorsTalk to discuss a substantial upgrade of its JORC compliant Indicated Mineral Resource at the Company’s 100% owned Cinovec Lithium/Tin Project in the Czech Republic. Keith explains how significant the 50% increase in the indicated resource at Cinovec is, how significant the increase in the overall resource is, the importance of the increase in tin resource and provides a time line for further news on the project.

The Company has recently completed an extensive seven-month drilling campaign at Cinovec, consisting of 17 holes for 6,081 meters designed to increase the confidence in the resource base and to upgrade a significant part of the resource from the Inferred category to the higher confidence Indicated category.

· Lithium Indicated Resource increased 50% to 3.9 Mt LCE, contained in 347.7 Mt @ 0.45% Li2O and 0.04% Sn (0.1% Li cut-off)

· Lithium Total Resource increased 11.8% to 7.0 Mt LCE, contained in 656.5 Mt @ 0.43% Li2O and 0.04% Sn (0.1% Li cut-off)

· Total contained tin in the Total Mineral Resource increases to 262,600 tonnes

· Lithium Exploration Target remains 350 to 450 Mt @ 0.39% to 0.47% for 3.4 Mt to 5.3 Mt of LCE.

European Metals Holding Ltd Managing Director Keith Coughlan said, “Cinovec is a globally significant lithium deposit. Its location on the German-Czech Republic border places it in very close proximity to the largest car manufacturers in Europe and is in a unique position to supply lithium to the rapidly growing European electric vehicle industry.

The substantial increase in the higher confidence indicated resources in both contained lithium and in valuable by-product tin provides more certainty that European industry will be able to source locally produced lithium in a secure and stable environment.”

Independent Resource Consultant Lynn Widenbar noted, “The additional new drilling results from 2016 have greatly increased confidence in the historic surface and underground drilling and sampling, resulting in a substantial amount of previously Inferred material being re-classified as Indicated. The additional drilling has also enabled the two main value elements of lithium and tin to be combined in one complete model that covers the entire mineralisation at the Cinovec deposit.”

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.