weniger kosten grosse unterstützung cash, besser geht nicht, denke mal machbarkeitsstufe nächtes Jahr abgeschlossen ropean Metals Sees Continued Progress At Cinovec Project In Quarter
LONDON (Alliance News) - European Metals Holdings Ltd Monday said it had seen continued progress ...
Alliance News 31 October, 2016 | 10:59AM
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LONDON (Alliance News) - European Metals Holdings Ltd Monday said it had seen continued progress at its Cinovec lithium-tin project in the Czech Republic in the third quarter of 2016.
This included, late in the quarter, the company announcing a significant reduction in pre-production capital costs based on a review of a scoping study.
European Metals said its current drilling programme has progressed well throughout the quarter. The 7,500 metre programme is aimed at converting a significant portion of its currently inferred resource for lithium and tin into the indicated category, and will also provide "significant material" for further metallurgical test work.
Drilling continues in the main section of the deposit, targeting near-surface mineralisation on the flanks of the historic underground mine. In total, European Metals has completed five drillholes up to the end of the third quarter in September.
Following the quarter end, European Metals raised USD3 million from its largest shareholder, Rare Earth Minerals PLC. It will use these funds to further develop the Cinovec project, complete its preliminary feasibility study, and for working capital.
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