Name of the Project
Cinovec lithium project.

Location
The project is located in the Krusne Hory mountains, which straddle the border between the Czech Republic and the state of Saxony, in Germany.

Project Owner/s
European Metals Holdings.

Project Description
European Metals Holdings has updated the process flowsheet previously developed for the project to enable lithium hydroxide production. The project has total indicated and inferred mineral resources of 695.9-million tonnes grading 0.195% lithium, 0.014% tungsten and 0.04% tin. Studies are based on only 9.3% of indicated mineral resource and a mine life of 21 years, processing an average of 1.68-million tonnes a year of ore.

The geometry of the payable ore is largely flat or shallow dipping and massive enough to mechanise using long-hole open stope mining. The mine will be accessed by a twin decline system. A conveyor will be installed from the underground primary crusher on 590 m elevation to the surface in the conveyor decline. The second decline will be used as a service decline for workers, material and as an intake airway. The project aims to produce about 25 267 t/y of battery-grade lithium oxide.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $1.11-billion and an internal rate of return of 28.8%.

Capital Expenditure
The project is estimated at $482.6-million.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts and Suppliers
Widenbar and Associates (resource estimation); Bara Consulting (mine design and scheduling); Ausenco (front-end communition and beneficiation); and Hath Associates (lithium carbonate and hydroxide plants).

On Budget and on Time?
Not stated.

Contact Details for Project Information
European Metals Holdings, tel + 61 8 6245 2050.