European Metals - Quarterly Activities Release

RNS Number : 4457N

Rare Earth Minerals PLC

29 January 2016

 

Rare Earth Minerals Plc.

("Rare Earth Minerals", "REM" or "the Company")

European Metals - Quarterly Activities Release

European Metal Holdings Limited ("European Metals"), in which REM owns a direct 11.87% shareholding, has today released a quarterly activities report, showing continued progress in the development of its 100% owned globally significant Cinovec Lithium/Tin Project in Czech Republic. The full new release is available at:

http://europeanmet.com/assets/29_Jan_2016_-_EMH_Quarterly_Reports_copy_1.pdf

The highlights of the news release are:

·   Admitted to trading on AIM in London

·   Appointment of Kiran Morzaria to the Board

·   Completion of Competent Persons' Report by Wardell Armstrong International

·   Successful continuation of drill program at Cinovec Lithium/Tin project

·   Confirmation of robustness and consistency of Cinovec ore body from assay results

·   Lithium carbonate production cost including tin/tungsten by-product credits estimated to be approximately $800/t

·   Rare Earth Minerals increases stake in the Company to approximately 12%

·   Collection of lithium bulk sample completed to facilitate further metallurgical test work

- Ends -

For further information please contact: 

Rare Earth Minerals plc                                                                       [phone]

Andrew Suckling

Kiran Morzaria

 WH Ireland Limited (NOMAD & Broker)                                         [phone]

James Joyce

Mark Leonard

Square1 Consulting                                                                             [phone]

David Bick

Brain Alexander

 

END

 

 

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