Business
Cinovec DFS & Mineral Reserve and Resource Updated
European Metals Holdings Limited has released the results of its Definitive Feasibility Study for the Cinovec Lithium Project, confirming it as a long-life producer of battery-grade lithium carbonate strategically positioned to supply the European electric vehicle and energy storage sectors. The study projects steady-state production of 37,500 tonnes per annum of lithium carbonate over a 26-year operating life, supported by updated JORC reserves of 54.40 Mt and resources of 747.54 Mt. The project boasts robust economics with a pre-tax NPV of US$1.715 billion and an IRR of 15.2%, inclusive of approved grants totaling EUR 360 million from the Czech Government and US$36 million from the EU Just Transition Fund. Initial capital expenditure is estimated at US$1.72 billion net of grants, with ongoing workstreams focused on securing project financing and finalising off-take agreements. Disclaimer*
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n\n \nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\nEuropean Metals Holdings Limited\n(ASX & AIM: EMH, OTCQX and OTCQB: EMHXY and EMHLF) \n(\"European Metals\" or the \"Company\") \n \nCINOVEC DFS CONFIRMS LONG-LIFE BATTERY-GRADE LITHIUM CARBONATE PRODUCER STRATEGICALLY POSITIONED TO SUPPLY EUROPEAN EV AND ENERGY-STORAGE SECTORS\nMINERAL RESERVE AND RESOURCE UPDATED\nHIGHLIGHTS\n· Definitive Feasibility Study (DFS) confirms Cinovec as a long-life producer of battery-grade lithium carbonate, strategically located within the European EV and battery manufacturing corridor.\n· Steady-state (excluding ramp up/ramp down) production of 37,500 tonnes per annum (tpa) of battery-grade lithium carbonate (Li₂CO₃), representing approximately 5.2% of EU demand in 2030[1] and sufficient for up to 1,300,000 60kWh EV batteries annually[2].\n· 26+ year operating life, underpinned by an updated JORC Resource of 747.54 Mt @ 0.19% Li (0.40% Li₂O ) (7.45 Mt LCE) and An updated JORC Reserve of 54.40 Mt @ 0.27% Li (0.58% Li₂O ) (145,000 t contained Li), with expansion optionality.\n· Robust economics:\no Pre-tax NPV8%: US$1.715bn (Inclusive of Grants)\no Pre-tax IRR: 15.2% (Inclusive of Grants)\no LOM C1 costs: US$12,492/t;\no LOM AISC: US$13,673/t\n· Initial CAPEX of US$1.72bn ((including contingency and net of approved grants) and sustaining CAPEX (life of mine) of US$0.498B.\n· Significant government support: Approval for up to EUR 360m Czech Government grant + US$36m EU Just Transition Fund grant[3].\n· &...