European Metals Holding Limited (DI) (EMH)

Sector:

Mining

Index:

FTSE AIM All-Share

23.43p
   
  • Change Today:
    -0.97p
  • 52 Week High: 49.00
  • 52 Week Low: 12.50
  • Currency: UK Pounds
  • Shares Issued: 207.44m
  • Volume: 168,138
  • Market Cap: £48.60m
  • RiskGrade: 111

European Metals Holdings posts positive update on Cinovec

By Josh White

Date: Tuesday 13 Dec 2016

LONDON (ShareCast) - (ShareCast News) - European Metals Holdings announced the successful manufacture of more than 99.5% pure lithium carbonate using an industry proven, sodium sulphate roast-based flow-sheet from mica-concentrate from the Cinovec Project on Tuesday.
The AIM-traded firm owns 100% of Cinovec in the Czech Republic, which contains the largest lithium resource in Europe and one of the largest undeveloped tin resources in the world.

It said the roasting flow-sheet reflects a simplified version of the proven technology that converts spodumene concentrate to lithium carbonate, with numerous lithium carbonate plants currently employing the technology internationally.

The firm said high roast recoveries of 87% were also achieved, and process costs were reduced by the recycling of the key reagent.

There was minimal leaching of unwanted impurities, resulting in simpler precipitation of battery-grade lithium carbonate.

Offtaker and end user testing and production of lithium carbonate samples was now underway.

"This is a major milestone in the development of the Cinovec project and we are delighted with the results," said managing director Keith Coughlan.

"We have now produced battery grade lithium carbonate via a second process route.

"This follows the successful production of battery grade material via acid leach during the scoping study last year."

Coughlan said the results followed the previous success of the project team in developing a robust, simplified flowsheet for the beneficiation of the run-of-mine ore to produce a lithium mica concentrate using high intensity wet magnetics.

"Having proven the processing circuit, the team is now focused on delivering the pre-feasibility study by the end of March 2017.

"Part of this process includes further optimising the roasting and hydrometallurgical circuits to produce market samples for off taker and end user testing."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EMH Market Data

Currency UK Pounds
Share Price 23.43p
Change Today -0.97p
% Change -3.98 %
52 Week High 49.00
52 Week Low 12.50
Volume 168,138
Shares Issued 207.44m
Market Cap £48.60m
RiskGrade 111

EMH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
65.78% below the market average65.78% below the market average65.78% below the market average65.78% below the market average65.78% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Income Not Available
Growth Not Available

EMH Dividends

No dividends found

Trades for 14-May-2024

Time Volume / Share Price
13:57 2,373 @ 23.70p
13:26 2 @ 23.94p
12:57 21,080 @ 23.70p
12:10 2,183 @ 23.46p
11:36 12,620 @ 23.74p

Top of Page