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Cinovec Lithium Project Update
Cinovec Lithium Project Update.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n\nFor immediate release 31 July 2024\nCINOVEC LITHIUM PROJECT UPDATE\nEuropean Metals Holdings Limited (ASX & AIM: EMH) (\"European Metals\" or the \"Company\") is pleased to provide the following update regarding the Cinovec Lithium Project (\"Cinovec\" or the \"Project\").\nThe Company 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.\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.\nThe Company will provide a further update to the market once it has received a revised timeline for completion of the DFS.\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.\nProcess Flowsheet Improvements - FECAB\nThe Company previously announced changes to the FECAB process flowsheet from beneficiation based entirely on magnetic separation to a process incorporating both magnetic separation and flotation, (see the Company's ASX/AIM announcement of 31 October 2022 \"Simplified Extraction Process Delivers Exceptionally Clean Battery-Grade Lithium Product with Improved Economics\"). This improvement yielded a total FECAB lithium recovery of >...