Business
Quarterly Activities and Cash Flow Report
Quarterly Activities and Cash Flow Report.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \n \n For immediate release\n \n \n \n \n \n 31 October 2022\n \n \n QUARTERLY ACTIVITIES REPORT - SEPTEMBER 2022\n \n \n \n \n \n \n European Metals Holdings Limited\n \n (\n \n ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF\n \n ) (\"\n \n European Metals\n \n \" or the \"\n \n Company\n \n \") is pleased to provide an update on its activities during the three-month period ending 30 September 2022 highlighting the continued progress in the development of the globally significant Cinovec Lithium/Tin Project (\n \n \"the Project\"\n \n or\n \n \"Cinovec\"\n \n )\n in the Czech Republic.\n \n \n Post the reporting period, the Company also made two very significant announcements.\n \n \n Firstly, the Company announced that it had finalised a considerably simplified Lithium Chemical Plant (\"\n \n LCP\n \n \") flowsheet with the initial six locked cycle test (\"\n \n LCTs\n \n \") providing 99.99% pure Lithium Carbonate. The LCTs were completed at ALS Global in Perth and demonstrated overall lithium recoveries of 88-93%, (refer to the Company's release dated 31 October 2022) (\n \n Simplified Extraction Process delivers exceptionally clean battery grade lithium products with improved economics)\n \n .\n \n \n The simplified flowsheet precipitates lithium phosphate directly from the polished PLS and then goes on to clean the lithium phosphate to enable precipitation of a much cleaner crude lithium carbonate. The final purification step of bicarbonation and re-precipitation is the same as in the earlier flowsheet, but the end-product is of even higher quality due to the input crude lithium carbonate being much cleaner. The simplification of the central section of the LCP flowsheet reduces the number of basic chemical engineering unit processes (after the initial roast/water leach) from 15 to 7. The revised process also results in the elimination of all energy-intensive cooling processes.\n \n \n The Company has been advised by its principal hydrometallurgical adviser, Lithium Consultants Australasia (LCA), that the changes to the LCP noted above are expected to reduce both Capex and Opex in the LCP by 10-20%. The Capex reduction is based upon the fact that the simplified flowsheet requires the use of only two crystallisers vs the four crystallisers and 1 evaporator in the original flowsheet. The similar reduct...