28th Mar 2018 11:33
The ore samples for the study were taken from core in the area, where European Metals Holdings intended to mine and process in the first years of the project.
The mineral exploration and development company said the result also showed that a "modest" rise in roasting temperature significantly increases lithium recovery.
European Metals said this finding will help significantly reduce costs in this part of the flowsheet. The test results also allowed the company to move into the next phases of the definitive feasibility study.
European Metals Managing Director Keith Coughlan said: "We continue to work on optimising all aspects of the Cinovec project and are pleased to be able to report significantly increased lithium recoveries from our roast / leach process together with potentially lower operating costs in that section of the process. The preliminary feasibility study we concluded last year indicates that Cinovec will be a bottom half cost curve producer. Higher recoveries and lower costs will only enhance the economics of the project."
The stock was up 7.1% at
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European Metals Holdings