Cinovec Lithium Project
The Cinovec lithium-tin-tungsten project in the Czech Republic is 100% owned by European Metals Holdings Limited.
"Based on inputs to the Company's positive Scoping Study (refer to ASX announcement 1 May 2015), the projected cost of production for lithium carbonate has been quoted as less than $2,000/t. With the focus of the Company now squarely on the huge lithium potential of Cinovec, the cost of production has been re-calculated to include tin and tungsten as by-product credits. Using inputs from the Scoping Study, the projected cost of lithium carbonate production drops to approximately $800/t."
"Cinovec is one of the largest lithium deposits in the EU. The inferred resource is 514.8 million tonnes (Mt) at 0.43% Li2O (lithium oxide) for 5.5Mt lithium carbonate equivalent (LCE). There is also an additional exploration target of between 350 and 450Mt at 0.39-0.47% Li2O for 3.4-5.3Mt of LCE."