Updated Investor Presentation

RNS Number : 9279Z

European Metals Holdings Limited

28 January 2022

 

 UPDATED INVESTOR PRESENTATION

European Metals Holdings Limited (EMH, Company) (ASX & AIM: EMH, OTC - Nasdaq Intl ADS: EMHXY) is pleased to release the Company's Investor Presentation, updated for recent market announcements.

The Company will participate in the ShareCafe Small Cap "Hidden Gems" Webinar, to be held Friday 28th of January 2022 from 12:30pm AEDT / 9:30am AWST.

Executive Chairman Keith Coughlan will provide an overview of the Company following these announcements.

Cinovec Lithium/Tin Project

Cinovec hosts a globally significant hard rock lithium deposit with a total Measured Mineral Resource of 53.3Mt at 0.47% Li2O and 0.08% Sn, Indicated Mineral Resource of 361.9Mt at 0.45% Li2O and 0.04% Sn and an Inferred Mineral Resource of 295Mt at 0.39% Li2O and 0.04% Sn containing a combined 7.39 million tonnes Lithium Carbonate Equivalent and 263kt of tin (refer to the Company's AIM release dated 13 October 2021) (Resource Upgrade at Cinovec Lithium Project).  This makes Cinovec the largest hard rock lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally significant tin resource.

On 19 January 2022, EMH provided a PFS Update which indicates a return post tax NPV₈ of USD1.938B and a post tax IRR of 36.3% and confirmed that the Cinovec Project is a potential low operating cost, producer of battery grade lithium hydroxide or battery grade lithium carbonate as markets demand. It confirmed the deposit is amenable to bulk underground mining. Metallurgical test-work has produced both battery grade lithium hydroxide and battery grade lithium carbonate in addition to high-grade tin concentrate at excellent recoveries. 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 (refer to the Company's AIM release dated 13 October 2021(PFS Upgrade Delivers outstanding results).

This webinar is able to be viewed live via Zoom. To access further details of the event and to register, please copy and paste the following link into your internet browser

https://us02web.zoom.us/webinar/register/5416151767246/WN_3nPEM1GhTnGeTnTT9hZxoA

A recorded copy of the webinar will be made available following the event.
 

CONTACT

For further information on this update or the Company generally, please visit our website at www.europeanmet.com or see full contact details at the end of this release.

WEBSITE

A copy of this announcement is available from the Company's website at www.europeanmet.com.

ENQUIRIES:

European Metals Holdings Limited Keith Coughlan, Executive Chairman Kiran Morzaria, Non-Executive Director Dennis Wilkins, Company Secretary	Tel: [phone] Email: [e-mail] Tel: [phone] Tel: [phone] Email: [e-mail]
WH Ireland Ltd (Nomad & Joint Broker) James Joyce/James Sinclair-Ford (Corporate Finance) Harry Ansell/Jasper Berry (Broking)	Tel: [phone]
Shard Capital (Joint Broker) Damon Heath Erik Woolgar	Tel:  [phone]
Blytheweigh (Financial PR) Tim Blythe Megan Ray Chapter 1 Advisors (Financial PR - Aus) David Tasker	Tel: [phone] Tel: [phone]

 

END

 

 

MSCEAAFPAENAEEA