RE: Off-take22 Nov 2021 23:15
CEZ TO PROVIDE GREEN POWER TO PROJECT
HIGHLIGHTS
• Cinovec’s Global Warming Potential has been modelled using ISO-compliant LCA by
consultancy Minviro Ltd, providing clear resolution of the drivers of the project’s emissions.
• GWP Impact Mitigation Scenarios identified for the Cinovec Project, potentially including solar
power, electric mining fleet, Hypex Bio explosives and use of green hydrogen for thermal energy
(Cinovec Decarbonised Case) which could make Cinovec’s lithium chemicals have some of the
lowest CO2 intensity in the world if all impact mitigation strategies are pursued.
• CEZ plans to provide 100% renewable energy to power the mine, the Front-End Comminution
and Beneficiation (FECAB) and Lithium Chemical Plants (LCP)
• LCA also assessed Acidification Potential (AP), Water Use and Land Use (per ISO standards).
- AP is comparable to Chilean Brine but only 13% of the equivalent for Australian
spodumene processed in China.
- Cinovec Water Use projected to be lower than all benchmarks and <5% of Chilean Brine
Water Use even when water evaporated from the brine is not included in the water use
calculation.
European Metals Holdings Limited (“EMH”, or “the Company”) (ASX & AIM: EMH, OTC – Nasdaq Intl ADS:
EMHXY) is pleased to provide an update in relation to the outcomes of the Life Cycle Assessment
conducted by Minviro in relation to lithium battery chemicals production from the Cinovec mine.
Keith Coughlan, Executive Chairman, said “We are extremely pleased that the Minviro LCA has
confirmed what we have believed to be the case for a long time – Cinovec has the potential to have
the lowest overall environmental impacts compared to other conventional lithium battery metals
projects not only in Europe but also on a global basis. With the use of solar power and other optimisations
the Cinovec Project will set a standard by which all other conventional lithium producers could be
judged. We expect the environmental credentials of the Cinovec Project will help make its product
valuable to end users, particularly in light of the new EU requirements in relation to greenhouse emissions.
Not only does the optimised model demonstrate very low CO2 emissions, the Project also delivers
excellent results with regards to acidification and water consumption. As Cinovec is an historic
underground mine with minimal social and environmental impacts, the entire ESG credentials of the
Project are very strong.
In addition, we expect to shortly provide a market update covering the additional benefits of a mine
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