Business
Doc re. Quarterly Report 30 June 2023
Doc re. Quarterly Report 30 June 2023.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n\nFor immediate release\n31 July 2023\nQUARTERLY ACTIVITIES REPORT - June 2023\n \nEuropean Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF) (\"European Metals\" or the \"Company\") is pleased to provide an update on its activities during the three-month period ending 30 June 2023 highlighting the continued progress in the development of the globally significant Cinovec Lithium/Tin Project (\"the Project\" or \"Cinovec\") in the Czech Republic.\nThe quarter has been a significant one in the ongoing development of the project, highlighted by a site visit from the Czech Prime Minister, further excellent results from ongoing test work and securing the land required to build the lithium processing plant.\nSubsequent to the quarter end, the Company secured a strategic investment from the European Bank for Reconstruction and Development (\"EBRD\").\nVisit by Prime Minister Fiala\nIn mid-May, Czech Republic Prime Minister, Petr Fiala visited the Cinovec Project, accompanied by executives from CEZ, our project partner. PM Fiala spoke of the desire to expedite the development of significant projects, such as Cinovec. Following the visit, he continued across the Czech border to the nearby German city of Dresden, signing a Memorandum of Cooperation on the potential implementation of cross-border projects of strategic importance with Saxon Prime Minister, Michael Kretschmer. Refer to ASX Announcement dated 18 May 2023.\nFurther excellent results from test work\nOn 25 May 2023, the Company announced that ongoing test work had realised continued outstanding lithium recoveries. The exceptional test work results confirm separation efficiency and capability of flotation of lithium-bearing zinnwaldite. The updated flotation test work undertaken at Nagrom Laboratories (Perth) repeatedly reached >95% lithium recovery from flotation concentrates at target Li‑grades and mass yield. Ongoing test work to confirm the robust nature of the process and optimise the Definitive Feasibility Study (\"DFS\") design has surpassed previous performance indicators. The results from testing and optimisation of flotation for the concentration of zinnwaldite in fine ore has exceeded expectations and further demonstrated the potential for high overall lithium recoveries when combined with magnetic...