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- European Metals (EMH) appoints DRA Global (DRA) to complete a definitive feasibility study for the Cinovec project in the Czech Republic
- EMH told investors that DRA has the necessary capacity, expertise, and track record to deliver the Cinovec definitive feasibility study in a timely and efficient manner
- DRA will work to build on the optimisation work the Cinovec team completed over 2022, with the aim of completing the DFS by the fourth quarter of 2023
- European Metals climbs 5.04 per cent, trading at 73 cents while DRA Global is down 4.67 per cent, at $1.53 at 1:56 pm AEDT
European Metals (EMH) has appointed DRA Global (DRA) to complete a definitive feasibility study for the Cinovec project in the Czech Republic.
EMH told investors that DRA has the necessary capacity, expertise, and track record to deliver the Cinovec definitive feasibility study (DFS) in a timely and efficient manner.
DRA Global will work to build on the optimisation work the Cinovec team completed over the course of 2022, with the aim of completing the DFS by the fourth quarter of 2023.
“We are pleased to have secured a company of DRA’s calibre, with a proven track record of delivering critical pieces of work like the Cinovec DFS in a timely and efficient manner,” Executive Chair Keith Coughlan said.
“We will be working closely with DRA over the coming period, and we are excited by the positive outcomes that this DFS will provide.”
Mr Coughlan said this is not expected to delay the “critical path” of the project, as during this time the company will be in the process of finalising permitting, offtake and project Finance matters.
European Metals climbed 5.04 per cent, trading at 73 cents while DRA Global was down 4.67 per cent, at $1.53 at 1:56 pm AEDT.
