https://www.miningweekly.com

European Metals increases Cinovec resource by 420%

23rd November 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior European Metals has reported a 420% increase in the indicated lithium resource at its Cinovec project, in the Czech Republic.

The indicated resource increased to 2.6-million tonnes lithium carbonate equivalent, contained in 232.8-million tonnes, grading 0.45% lithium oxide. The total lithium resource increased by 11.8% to 6.46-million tonnes of lithium carbonate equivalent, contained in 606.8-million tonnes.

The indicated tin resource also increased by 64%, to 28.6-million tonnes at 0.23% tin and 0.54% lithium oxide, for 65 800 t of tin and 0.38-million tonnes of lithium carbonate equivalent.

“This significant upgrade to the Cinovec indicated lithium resource is particularly pleasing as it provides the basis for the soon to be completed preliminary feasibility study,” said European Metals MD Keith Coughlan.

“When the tonnage and grade for this material are compared to the previously calculated inferred resource, neither grade nor tonnage changed much, highlighting the robustness of the resource and geological models, and continuity of the orebody.

“Drilling will continue until the end of the year, at which point the model will be updated again.”

A 2015 scoping study found that a two-million-tonne-a-year operation could deliver 4 200 t/y of tin, 800 t/y of tungsten, and 19 400 t/y of lithium carbonate.

A prefeasibility study is currently under way.

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.117 0.153s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: