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Updated EMH DFS at Cinovec Project
European Metals Holdings Limited has updated its Definitive Feasibility Study (DFS) 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 updated DFS, which now covers a 23-year production schedule due to ASX requirements, reports a pre-tax Net Present Value (NPV) of US$1.455 billion and an Internal Rate of Return (IRR) of 14.8%, with C1 costs at US$12,621 per tonne and All-in Sustaining Costs at US$13,879 per tonne. Initial capital expenditure is estimated at US$1.72 billion net of approved grants, which include up to EUR 360 million from the Czech Government and US$36 million from the EU Just Transition Fund. The company is actively pursuing project financing and finalising off-take agreements with major European battery and automotive groups. Disclaimer*
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\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 \n(ASX & AIM: EMH, OTCQX and OTCQB: EMHXY and EMHLF)\n \n(\"European Metals\" or the \"Company\")\nEMH UPDATED DFS CONFIRMS LONG-LIFE BATTERY-GRADE LITHIUM CARBONATE PRODUCER AT CINOVEC STRATEGICALLY POSITIONED TO SUPPLY EUROPEAN EV AND ENERGY-STORAGE SECTORS\nFurther to the announcement by the Company on 19 December 2025, and following discussions with the ASX, the DFS has been updated for the following reasons.\n(1) The ASX will not permit the inclusion of the final 4 years of the production schedule thereby reducing the production schedule from 27 years to 23 years. The Company has been forced to accept this refusal despite its confidence that the production schedule as originally year disclosed in its AIM announcement of 19 December 2025 is in compliance with the JORC Code.\n(2) This reduction in the mine plan has resulted in a reduction in the Pre-tax NPV8 of the Cinovec Project from 1.712bn to 1.455bn and the Pre-tax IRR from 15.3% to 14.8%.\n(3) The Company is highly confident that the inferred resources in years 24-27 of the Original mine plan will be converted to indicated resources upon additional infill drilling of the inferred resources (all prior upgrades from inferred have converted 100% of the inferred resources to indicated resources) however in order to allow trading in its shares on the ASX to continue it has reduced the mine plan for the DFS to 23 Years.\n(4) The Company is working with its consultants to revise the mine plan to revert to 27 years in a manner which is compliant with JORC and also with the ASX's interpretation thereof and to issue an updated DFS with these additional years included in the near future.\nThe updated DFS announcement is disclosed below.\nHIGHLIGHTS\n· Definitive Feasibility Study (DFS) confirms Cinovec as a long-life producer of battery-grade lithium carbonate, strategically located wit...