PriceSensitive

European Metals (ASX:EMH) welcomes Cinovec testing results

Materials
ASX:EMH      MCAP $50.25M
19 May 2021 06:00 (AEST)
European Metals (ASX:EMH) - Executive Chairman, Keith Coughlan

Source: HotCopper Corporate Spotlight [YouTube]

European Metals (EMH) has received promising results from a locked-cycle test on ore concentrate from its Cinovec Lithium Project.

The company’s Cinovec Project is located on the German border of the Czech Republic and is the largest hard-rock lithium resource in Europe. It contains lithium-bearing mica called zinnwaldite, which European Metals plans to refine using processes previously outlined in a pre-feasibility study. 

European Metals conducted a metallurgical processing assessment on ore concentrate extracted from the project in order to confirm the flowsheet of processing zinnwaldite concentrate from Cinovec run-of-mine ore.

The assessment was carried out by Dorfner Analysenzentrum und Anlagenplanungsgesellschaft mhB (Dorfner Anzaplan), a German battery mineral consultancy. 

While six locked-cycle tests were originally planned, only four of them were completed since the process streams successfully stabilised early. Up to 92 per cent of the lithium in the concentrate samples were recovered.

These results further support the Cinovec Project’s credentials to initially produce battery-grade lithium carbonate.

European Metals’ Executive Chairman, Keith Coughlan, commented on the positive locked-cycle test results, which have confirmed the consistency of the Cinovec ore body.

“The recovery of up to 92 per cent of the lithium in the zinnwaldite concentrate at this early stage of DFS testwork is very promising for increased recoveries during the planned process optimisation work,” he said.

“Further, an improved fluoride removal step which is cheaper and cleaner represents only the beginning of further optimisation work which we expect will result in greater lithium recoveries and even stronger economics for the Cinovec Project,” he added.

European Metals closed 7.36 per cent higher to trade at $1.24 per share.

Related News