European Metals reports increased indicated resource at Cinovec
JOHANNESBURG (miningweekly.com) – Following a four-month drilling campaign, ASX- and Aim-listed European Metals has announced an additional upgrade of its Joint Ore Reserves Committee-compliant Cinovec lithium/tin project, in the Czech Republic, confirming the project’s status as Europe’s largest lithium resource.
The drilling programme, which comprised six core drillholes for 2 697.1 m, added 39.4-million tonnes of mineral resource grading 0.41% lithium oxide and 0.04% tin, increasing the indicated mineral resource category by 7% to 372.4-million tonnes at 0.44% lithium oxide. The programme aimed to close ‘gaps’ in the existing resource model in and around the initial planned mining areas. It also sought to upgrade part of the resource from the ‘inferred’ category to the higher-confidence ‘indicated’ category by targeting areas of low historic data density so they can be used in an ongoing definitive feasibility study.
European Metals MD Keith Coughlan noted that the drilling had been a success, with some large areas of higher-grade mineralisation defined in the target area.
He added that, on the back of the resource upgrade, European Metals had started an optimisation of the mine design.
“When complete, this will allow finalisation of a grid drilling programme for upgrading parts of the indicated resource to measured resource to facilitate the definition of proven reserves for the definitive feasibility study that is progressing well,” said Coughlan.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation