Business
European Metals Holdings– Cinovec Project Update
European Metals Holdings– Cinovec Project Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n\nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\", or \"the Company\")\n \nEuropean Metals Holdings- Cinovec Lithium Project Update\n \nCadence Minerals (AIM: KDNC) is pleased to note the announcement by European Metals Holdings Limited (ASX & AIM: EMH) (\"European Metals\" or the \"Company regarding the Cinovec Lithium Project (Cinovec). EMH advises that the timeline for the completion of the Definitive Feasibility Study (\"DFS\") and therefore construction of the Cinovec lithium processing plant continue to be worked on.\n \nGiven the change to the location of the lithium processing plant from Dukla to Prunéřov, additional geotechnical work is currently underway to confirm the optimal construction method and layout at the new site. Results from this geotechnical work are expected to be available at the end of September. DRA Global is then expected to provide a detailed timeline and begin the DFS finalisation program of work.\n \nEMH will provide a further update to the market once it has received a revised timeline for completion of the DFS.\n \nThe Project team continues to progress several DFS-related programs on the Front-End Comminution and Beneficiation circuit (\"FECAB\") and Lithium Chemical Plant circuit (\"LCP\") to improve the overall flowsheet which are expected to positively impact Project economics.\n \nProcess Flowsheet Improvements - FECAB\nEMH previously announced changes to the FECAB process flowsheet from beneficiation based entirely on magnetic separation to a process incorporating both magnetic separation and flotation. This improvement yielded a total FECAB lithium recovery of >87%, with 7-8% lost to the fines fraction and the balance of 5-6% losses due to process inefficiency. By mass, the proportion of the ore recovered to concentrate achieved was 30% of the total feed and the grade of the concentrate entering the LCP was 1.198% lithium (2.58% Li2O).\n \nTo improve FECAB performance, targeting a higher-grade concentrate, additional flotation testwork has been carried out. Representative ore samples were utilised, milled to P80<150μm and tested without removing the <20μm slimes fraction before flotation.\n \nResults, benefits and impacts of this testwork are:\n· Potential for complete elimination of the m...