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Accept* a long way to rise from 23mil Mcap. Well done all, congratulations

Iv been buying buying buying! Both EOI's take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong Environmental, Social and Governance ("ESG") credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

Do you think they will expect one? Still 23mil Mcap. Why are they both interested in investing 300-500mil, because the size of the asset is giant. Double digit share soon enough

Both EOI's take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong Environmental, Social and Governance ("ESG") credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

BOTH

2 potential funders, and confirmation of findability. 300-500m funding will happy in the near future. On funding news char could have a 240mil Mcap ten X today's current price. When in production producing over $520,000 a day for years! Giant news for a tiny company that can change a country. Double digits first and 50milmcap minimum.

50mil mcap today at least! Fantastic news for a multi asset company to be funded over the next quarters 300-500mil - had loaded and loading much more for day days weeks months ahead. CHAR will have 100mil+ char price shortly

18.5mil Mcap for 300-500mil funding of a monster asset. Today could literally be 100s of percent, the Mcap will settle significantly higher

https://www.investegate.co.uk/chariot-oil---38--gas-ld--char-/rns/expression-of-interest-letters/202010280700023770D/

Boom ! That explains all the large buying! Giant news, char re rate ready!!!! Double digits of today!!!

The Project, a joint venture between European Metals and CEZ, has been recently funded to the amount of approximately EUR 29m, taking the Project through to construction decision and the purpose of the financing agreement with EIT InnoEnergy (the Agreement) is to support the construction financing and ultimate commercialisation of Cinovec, the largest hard rock Lithium deposit in Europe, by EIT InnoEnergy providing assistance to EMH to support the:



o Sourcing construction finance;

o Securing grant funding; and

o Assisting in offtake introductions and negotiations.



EIT InnoEnergy leads the the European Battery Alliance which was initated by the European Commision in 2017 to create a competetive and sustainable battery cell manufacturing value chain in Europe.



Last week the EU approved the Green Stimulus Plan, agreeing to invest more than 500 billion euros into a climate change plan including electric vehicles and renewable energy.

EMH will be producing 350mil+ euros per annum for DECADES at today's lithium prices. Funding will be nearly 0.5b that will like conclude before Christmas next year. Emh Will Ten bag its a case of how long will it take? I'm patient

10 AUGUST 2020

EUROPEAN METALS HOLDINGS LIMITED

MEASURED RESOURCE DRILLING COMMENCED



European Metals Holdings Limited (ASX & AIM: EMH, FSE: E861.F) ("European Metals" or the "Company") is pleased to advise that Measured Resource drilling has commenced at the Cinovec Lithium-Tin Project ("the project" or "Cinovec").

HIGHLIGHTS

• A total of nineteen resource drill holes will be completed during this campaign for a total of 5,550 m, with the first hole well advanced.

• A further two hydro-geological drill holes and four geotechnical drill holes are planned once resource drilling has been completed.



• The programme will provide approximately 10t of drill core for further metallurgical testing and to generate samples.



The Company can confirm that drilling has commenced and that the first hole, CIS-18, is on schedule for completion at 275 metres. The programme commenced following the Company receiving permission from the statutory authorities in the Czech Republic for this year's planned diamond drilling campaign.

Drilling is aimed at converting a sufficient portion of the existing Indicated Mineral Resource to the Measured Resource category and subsequently to a Mineral Reserve, to cover the first two years of the scheduled mining plan and obtaining a sufficient amount of ore samples for the next phase of metallurgical testing. The majority of the material will be utilised in the pilot scale testing for the Front End Engineering Design ("FEED") Study.

A total of nineteen diamond drill holes will be completed for 5,550 metres. The area to be drilled is shown in Figure 1.

A further four geotechnical holes along the planned underground decline route will be drilled and logged subsequent to the completion of the resource drilling. This data will allow final development ready designs to be completed for the declines.

60mil Mcap would be around 36p - for the Largest Litium mine in the European Union and the 4th biggest in the World, sounds fair.

https://twitter.com/CzechLithium/status/1311450661716848640?s=19

40mil Mcap derisked 1.1NPV

40mil Mcap - for the largest litium mine in the EU - 4th biggest in the world - fully funded to the dicision to construct - CEZ a multi billion dollar 51% partner 70 owned by the country's government - funding will be no issue - a fantastic investment derisked to in 2023-25 have a 400milmcap. Tesla's less that 150kms away. Undervaled as we await news from drilling.

Drill results due soon. A derisked company that will provide lithium for VW and tesla and all of Europe in 2024. Ehm has a clear road to 100p+ for the patient.

Double digit*

Development Plan

· Reservoir and integrated asset modelling completed, Pre-FEED study commissioned and optimised development concept finalised with a major engineering consultancy, with initial reference base case economics highly encouraging

· 70MMscfd base case production rate, equivalent to a power generating potential of c.600MW electricity and with capex reduced c.30% relative to 2019 feasibility study. Work continues to further reduce uncertainties in the range of costs



Gas Market

· Large and growing energy market in Morocco with attractive indicative pricing of US$8/mmbtu in power generation and US$10-11/mmbtu in industry based on public information of other operators in Morocco

· Engagement continues with potential off-takers both within the domestic Moroccan gas market and through the Maghreb-Europe pipeline to potential off-takers in the European gas market



Funding

· Discussions continue with a variety of parties for the provision of development debt finance. The feedback is encouraging and demonstrates the project's fundability and materiality at an institutional level

· An active E&P partnering process is ongoing to fund the appraisal well. New pre-stack depth migration ("PSDM") reprocessed data with material resource upgrade has encouraged further groups to come into the data room

Discussions are ongoing with state electricity company, private power generators and industrial users within the domestic Moroccan gas market and through the Mahgreb-Europe pipeline to potential off-takers in the European gas markets.

In the post period discussions have progressed with a range of interest parties to provide development debt finance. These discussions take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong ESG credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

An overlooked and undervalued stock. The has matured into strength while the SP was going down. Now the trend is up as we find a sensible Mcap when considering the size and position of the assets. CHAR has the potiencial for the SP to scale up to double "blue Skies" when funded to produce 70MMscfd over $560,000 per day

Well be a double digit share soon, great to see the market becoming more aware of char and its value. To a strong close and 7p soon

Funding

· Discussions continue with a variety of parties for the provision of development debt finance. The feedback is encouraging and demonstrates the project's fundability and materiality at an institutional level

· An active E&P partnering process is ongoing to fund the appraisal well. New pre-stack depth migration ("PSDM") reprocessed data with material resource upgrade has encouraged further groups to come into the data room

Discussions are ongoing with state electricity company, private power generators and industrial users within the domestic Moroccan gas market and through the Mahgreb-Europe pipeline to potential off-takers in the European gas markets.



In the post period discussions have progressed with a range of interest parties to provide development debt finance. These discussions take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong ESG credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

Happy to see the market becoming of CHAR and it's value. I honestly believe considering the size of the assets and our position to funded in the short term, that we would still be great value at double to the current Mcap. Excited for futher news and updates on current ongoing negotiations.

Char will be a double digit share soon. Dyor as always

We should see 5p+ very soon

"On behalf of everyone at Chariot, I am very pleased to welcome Pierre Raillard as Morocco Country Director. His considerable experience in driving forward, and helping to create value from natural gas projects across the African continent makes him extremely well qualified to help us advance the Lixus licence in Morocco. We are pleased to further strengthen the leadership team and look forward to his contribution at this exciting time for Chariot and all of our stakeholders."

Looking forward to futher updates that must be due soon. Holding and loading at this undervaled Mcap

Already undervalued just on the size of the assets alone. If CHARs Mcap was 35mil that would be completely justified, and still be a multibagger from there. I love when all of a company's history start to come fruition. We should be a double digit share soon. The uptrend continues. Have a great day all.

Good morning all, happy monday.

Development Plan

· Reservoir and integrated asset modelling completed, Pre-FEED study commissioned and optimised development concept finalised with a major engineering consultancy, with initial reference base case economics highly encouraging

· 70MMscfd base case production rate, equivalent to a power generating potential of c.600MW electricity and with capex reduced c.30% relative to 2019 feasibility study. Work continues to further reduce uncertainties in the range of costs



Gas Market

· Large and growing energy market in Morocco with attractive indicative pricing of US$8/mmbtu in power generation and US$10-11/mmbtu in industry based on public information of other operators in Morocco

· Engagement continues with potential off-takers both within the domestic Moroccan gas market and through the Maghreb-Europe pipeline to potential off-takers in the European gas market



Funding

· Discussions continue with a variety of parties for the provision of development debt finance. The feedback is encouraging and demonstrates the project's fundability and materiality at an institutional level

· An active E&P partnering process is ongoing to fund the appraisal well. New pre-stack depth migration ("PSDM") reprocessed data with material resource upgrade has encouraged further groups to come into the data room

Discussions are ongoing with state electricity company, private power generators and industrial users within the domestic Moroccan gas market and through the Mahgreb-Europe pipeline to potential off-takers in the European gas markets.



In the post period discussions have progressed with a range of interest parties to provide development debt finance. These discussions take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong ESG credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

Re Sharing for new investors looking in. Looking forward to hearing the outcome of the negotiations currently taking place.

Sub 17mil mcap with a Derisked production ready 5bil barrels gas equivalent.

Ready for 70mmscfd when the price above $8-$11

70 million ÷ 1000 = 70,000 x $8 = $560,000 per day