Member Info for Sid_fiddler69

I wonder what EMH are worth to someone with big deep pockets ? a snip @......? lol

Imo the market are disecting the RNS and take time to digest it fully ,understandable after last year.

... now all this increase in lithium carbonate production due to improved recoveries from the leach circuit, increased cash margins,Low cost waste Gypsum,etc etc etc all down to EMH not historic. if you get what I mean? come on Mr B climb on board......

or shoot off in a EV lol

further development to report is that the current roasting conditions has shown that the sodium sulphate produced through the lithium carbonate precipitation ("LCP") can be recycled back to the roast feed and no surplus sodium sulphate is expected to be produced. The Company considers the sale or disposal of sodium sulphate may have been challenging.

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These developments have enabled European Metals to initiate the next two phases of testwork. Firstly, involving locked cycle testing to confirm the flowsheet all the way through to the production of battery grade lithium carbonate and secondly, to enable larger scale roasting proof of technology testing to be completed in the next few months. The Company will also undertake the production of lithium hydroxide during the latter phase.

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Pilot scale beneficiation testwork has continued since our last update on 6 June 2018 and is almost complete. Approximately 15 tonnes of ore is being crushed, ground and magnetically separated to produce approximately 3 tonnes of lithium concentrate that will be available before the end of July 2018 for the planned pilot scale testwork to be completed subsequent to the locked cycle and roasting confirmation tests.

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European Metals MD Keith Coughlan commented "Proven increased lithium production through increased recoveries will result in an increased cash margin for the project. Our PFS indicated the potential of Cinovec to be a bottom half cost producer and an improvement on that will indeed be significant. The work that we have been undertaking during this period has been, and will continue to be, aimed at de-risking the flowsheet and elimination of flowsheet options prior to the commencement of what will then be an efficient Definitive Feasibility Study engineering phase.

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The Company is also very pleased to note the recent political developments within Czech Republic and the imminent formation of a coalition government. We look forward to engaging with the new Government to advance the project to the benefit of all stakeholders."

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For immediate release

11 July 2018

EUROPEAN METALS HOLDINGS LIMITED

CINOVEC PRODUCTION MODELLED TO INCREASE TO 22,500 TPA

OF LITHIUM CARBONATE

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European Metals Holdings Limited ("European Metals" or "the Company") (ASX & AIM: EMH) is pleased to report that it has completed roast optimisation testwork and that improved recoveries have resulted in modelled lithium carbonate production from the Cinovec Lithium-Tin Project ("the project" or "Cinovec") increasing to 22,500 tpa.

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HIGHLIGHTS

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·    Average lithium carbonate production is modelled to increase from 20,800 tpa to 22,500 tpa due to improved recoveries in the leach circuit of 94% being modelled.

·    Increased lithium production results in increased cash margins of approximately 10%.

·    Proposed use of low cost waste gypsum from local power plants as a roasting reagent is a significant positive environmental outcome for the region and a reagent cost benefit to the project.

·    Locked cycle testing and larger scale roasting technology confirmation work to commence imminently.

·    Preparation of 2 tonnes of lithium concentrate via magnetic separation for lithium carbonate pilot plant trials almost complete.

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All recent roast/leach tests have reliably achieved lithium extractions in the region of 94% recovery. The significance of these results is that a 7% increase in lithium recovery is predicted over that used in the Preliminary Feasibility Study ("PFS") completed last year which in turn would lead to an increase to 22,500tpa of lithium carbonate production from the project.

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This modelled increased production would result in approximately a 10% increase in EBITDA margins for the project which will have obvious positive effects to the project returns which the definitive feasibility study will re-model.

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Whilst achieving these excellent results the Company is pleased to report that the optimised reagent mix developed during the testwork as compared to that reported in the PFS has seen the elimination of all high cost inputs to the roast predicted previously. The mix now contains a higher proportion of gypsum but the gypsum takes the form of a waste material sourced from the scrubbing of power station off gases. The sample used during the development of this reagent regime was sourced from a power station in the region. Current indications are that this material would be available at a highly competitive price.Â

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The PFS also predicted the use of hydrated lime and sodium sulphate as relatively high cost reagents to the process, all of which have now been eliminated and replaced by the waste gypsum described, as well as a small addition rate of limestone which can also be sourced at competitive prices in the nearby regions.

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A further development to report is that the current roasting conditions has shown that the sodium sulphate produced through the lithium carbonat

...mentioned about 44 secs in.

https://twitter.com/i/status/1016950617384865792

blimey ... wonder who uses that ? lol NDA ?

.. concerns should be well and truly put to bed also, so I can see a smoother path to permits .

·    Average lithium carbonate production is modelled to increase from 20,800 tpa to 22,500 tpa due to improved recoveries in the leach circuit of 94% being modelled.

·    Increased lithium production results in increased cash margins of approximately 10%.

·    Proposed use of low cost waste gypsum from local power plants as a roasting reagent is a significant positive environmental outcome for the region and a reagent cost benefit to the project.

·    Locked cycle testing and larger scale roasting technology confirmation work to commence imminently.

·    Preparation of 2 tonnes of lithium concentrate via magnetic separation for lithium carbonate pilot plant trials almost complete.

... news indeed ,

"We look forward to engaging with the new
Government to advance the project to the benefit of all stakeholders.”

All stakeholders I wonder if theres anything more in that last statement, stakeholders not shareholders , ie government will see more benefit from it too, just my take on that statement, all for the good tho they had to do nothing to gain out of it potentially .

Hint of the old E- type in style

.Keith may sugar coat the prod forward ,with the eord WE mentioned a lot ,We need to get things rolling ,dont let the Germans get all the glory etc etc imo anyway.

If Emh supplied LG and or Samsung etc etc and they provide batteries for ,VW then a invedtment in Cinovec might be worth doing ???? Sest on board ..... Judt a thought

Nice one lol

I wonder if Keith is still in talks with the plodding VW , they had 25 bn to invest in Electric cars

if I were looking over the fence at what Germany has got now, id want that too wouldnt I? sooner Babis says some thing Pro EMH the sooner other businesses will want to build , manufacture,in Czech republic,

... CATL or other Battery cell producers have plans for some thing similar in Czech republic ? and also a car manufacturer to hand out a big billion dollar contract ???

https://www.channelnewsasia.com/news/business/bmw-agrees-us-4-7-billion-contract-with-china-s-catl-for-battery-cells-10513430

https://www.channelnewsasia.com/news/business/bmw-agrees-us-4-7-billion-contract-with-china-s-catl-for-battery-cells-10513430