European Metals Holdings Ltd - Mineral exploration and development company focused on Cinovec lithium-tin project in Czech Republic - Appoints Perth, Australia-based engineering services firm DRA Global Ltd to complete the definitive feasibility study for the Cinovec project in the Czech Republic. Says DRA Global has the necessary capacity, expertise and track record to deliver the Cinovec study on time. Expects study to be completed in the fourth quarter.
"We will be working closely with DRA over the coming period, and we are excited by the positive outcomes that this DFS will provide. It is not expected that this will delay the critical path of the project, as during this time the company will be in the process of finalising permitting, offtake and project finance matters," European Metals Chair Keith Coughlan says.
European Metals current stock price: 41.00 pence, up 3.8% on Thursday
12-month change: down 43%
DRA Global current stock price: ZAR20.50, up 1.3%
12-month change: down 34%
By Artwell Dlamini, Alliance News reporter
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European Metals Holdings (EMH)