Drilling results in November: EMH

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Published 07-OCT-2015 08:57 A.M.

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2 minute read

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European Metals Holdings (ASX:EMH) says it should have the results of drilling at its flagship Cinovec Lithium-Tin-Tungsten project in the Czech Republic in November as it aims to move its inferred resources to indicated.

At the moment, the project has an inferred resource of 514.8 million tonnes of Lithium Oxide ore @0.43% grade, and 72.7Mt of Tin ore @ 0.23% grade.

While EMH told investors that it has plenty of historic data to work from, the current drilling program would help move more inferred into the firmer indicated category, and provide material for further metallurgical testing.

The first hole in the program was completed down to 401.5m, with the second hole currently being drilled.

Previous drilling at the project by EMH brought back hits of 108.9m @0.52% Lithium Oxide ore and 0.16% Tin, and 185.15m @0.44% Lithium Oxide ore and 0.07% Tin.

EMH is planning on drilling 13 holes as part of the current program, which it started at the back-end of August.

However, there is also a lot of historical drilling at the project, with drilling taking place in the-then Czechoslovakia in the 1960s through the 1980s.

A busy time ahead

Drilling isn’t the only thing on EMH’s plate at the moment.

It has a tie-up with Lithium Australia (ASX:LIT) via a non-binding heads of agreement to see whether material from the area could be used to produce high-quality lithium carbonate.

LIT is trialling new technology, which it hopes could be used to produce from lower-grade lithium micas, which would then be ready to sell.

The upshot of LIT’s technology is that it can also funnel out potash and other elements within the ore, which of course can then be on-sold.

EMH also seeking to prove that its ore can be produced at scale, previously sending a 1.5 million tonne sample to process engineering experts in neighbouring Germany last month for preparation of at least 400kg of zinnwaldite concentrate.

That concentrate will then be transported to Perth for continuous feed testing at Strategic Metallurgy’s plant in Perth.

It is also seeking a potential listing on the Alternative Investment Market in London to better tap European investors in the future, with the current drilling campaign to provide EMH the numbers it needs to take to potential investors.

tags

LITHIUM


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