Maiden ore reserve of 34.5-million tonnes, grading 0.65% lithium oxide found in the Czech Republic
An April PFS confirmed that the Cinovec project could deliver some 20 800 t/y of battery grade lithium carbonate, over a mine life of 22 years, at a capital investment of A$393-million. This reports Mining Weekly.
“This is another significant step in the development of the largest lithium resource in Europe" MD Keith Coughlan said.
Some 1.7-million tonnes a year of ore will be mined and crushed in theunderground operation, prior to being stockpiled to feed the plant. Meanwhile, European Metals has secured A$2-million interim funding from investor 6466 Investments, to maintain momentum in developing the project.
