EUROPEAN METALS HOLDINGS LIMITED ORD NPV (DI) (LON:EMH) Managing Director Keith Coughlan caught up with DirectorsTalk to discuss their latest drilling update and the sharp increase in trading volume on the German market
Q1: You’ve just provided a drilling update, can you tell me why these latest drill results are so encouraging?
A1: Certainly, well for starters we got our highest grade lithium intercepts in this hole, that is the best grade over significant blanks and again the hole was continually mineralised for over 300 metres which is obviously very very deep mineralisation. Also it was in an area that we had historic data on so we weren’t 100% sure, our geological model had predicted the results very closely and it was encouraging for the actual results to come in as close as the geological model had predicted them so all in all another very encouraging hole.
Q2: So what’s the progress of the drilling?
A2: We have 3 rigs on site, they’re working 2 shifts, very good condition at the moment, the climate, the conditions are all very good for drilling at the moment so it’s full steam ahead to get as much drilling done as we can before the winter.
Q3: Should we be expecting more results soon?
A3: Well yes, with the 4 rigs operating as they are we’ll have a continual supply of drill result data coming through, I would imagine that we’ll see the next news in 2 or 3 weeks and then every, probably, 3 of 4 weeks thereafter for some time now.
Q4: Now, apart from the results of the drilling what other news can shareholders expect to see from European Metals Holdings Limited ORD NPV (DI)?
A4: Well we’re going ahead full steam with the preliminary feasibility study so we’re working through all the various aspects of that study and we will be able to release some information with regards to things like metallurgy, processing and mining etc. quite soon as part of the upgrade of this study and the scoping study.
Q5: I noticed a sharp increase in trading volume on the German market yesterday and today, was there a specific reason for that?
A5: I think so, there was a research piece put out by well-regarded Aktien Check, I think that came out yesterday and I think the German investors are really just beginning to become aware of the project on their border, the fact that it is so close to Germany and the potential significance of the project. There is very strong support in Germany for electric vehicles and for green energy, the German government has committed a billion euros to subsidies for EV buyers and I believe a further €300 million to fund EV infrastructure, charging stations and that sort of thing. So broadly, there’s a very strong awareness and acceptance of EV’s and indeed green energy right throughout Germany and that’s what I think we’re starting to see reflected in the interest primarily on the Frankfurt exchange.
