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European Metals upgrades resources at Cinovec lithium project

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European Metals upgrades resources at Cinovec lithium project

European Metals Holdings Ltd. on Nov. 28 posted a further upgrade in resources for its Cinovec lithium-tin project in the Czech Republic.

The estimate uses results from a recently completed four-month drill campaign at Cinovec South comprising six core drillholes for 2,697.1 meters.

The indicated resource for Cinovec is pegged at 372.4 million tonnes grading 0.44% lithium oxide, representing a 7% increase compared to the previous estimate. The total resource now stands at 695.9 million tonnes.

The company initiated an optimization of the mine design, which will allow finalization of a grid drilling program for upgrading parts of the indicated resource to the measured resource. The mine optimization will facilitate the definition of proven reserves for the ongoing definitive feasibility study.