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European Metals Holdings advances towards mining license

21.Jan 2018.

The extent of the ground at Cinovec, now under consideration in the first stage of the mining license application process, has been expanded.

Cinovec is one of Europe’s leading lithium projects

European Metals Holdings Limited has added Cinovec NorthWest to the areas under consideration by the Czech State resource register for the granting of a mining license.

Cinovec South was first put up for consideration back in February.

Additionally, recent optimisation test work has demonstrated the ability to reduce roast temperatures and duration which could result in significant cost savings both in capital expenditure and operational costs at the mine.

“Subsequent to a submission we made to the State Authority, the Cinovec NorthWest resource estimate was approved by a Ministerial Experts Committee for Final reports and projects and placed on the State Register of mineral deposits,” said European Metals chief Keith Coughlan.

“We are very pleased with this development and see it as confirmation that the company is moving forward within the regulatory framework of the Czech Republic and in full consultation with the relevant Czech Ministries. This approval is a pre-requisite for receiving a mining permit in this area.”

Source: proactiveinvestors