European Metals Holdings Limited (ASX and AIM: EMH) is pleased to provide an update regarding the preferred metallurgical process route for the extraction of lithium from its 100% owned Cinovec Project in the Czech Republic.
As announced on 15 January 2016, the Company has been conducting independent studies to evaluate a number of existing lithium extraction methods. As a result of the positive results of those studies the Company has engaged with Dorfner Anzaplan to conduct the next level of advanced test work at its facilities in Hirschau, Germany.
Dorfner Anzaplan are a specialist in testing and engineering services for high value industrial and strategic minerals and downstream products and have had previous experience in the treatment of lithium minerals.
The Company has terminated its Heads of Agreement with Lithium Australia NL (ASX Code: LIT) involving the potential use of the Li-Max technology. Whilst the Company considers Li-Max to be a viable process warranting further investigation, it has been unable to arrive at terms that are commercially acceptable to the Company.
CEO Keith Coughlan commented: “We are very pleased to be working with Dorfner Anzaplan to advance the Cinovec Project. Dorfner are a very well regarded specialist firm who have extensive experience working with lithium minerals and in dealing with European end users. Dorfner have had previous experience with the treatment of zinnwaldite (the Cinovec host rock) to extract lithium.
“We note with considerable interest the recent significant developments in the broader market for lithium and lithium products within close proximity to the Cinovec Project.”
