RCS - European Metals Hldg - Investor Webinar Presentation

European Metals HoldingsAnnouncement

02/06/2023 07:00

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RNS Number : 4257B  European Metals Holdings Limited  02 June 2023

For immediate release

 

RNS Reach

 

2 June 2023

 

INVESTOR WEBINAR PRESENTATION

European Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and
EMHLF) ("European Metals" or the "Company") is pleased to announce its
participation in the ShareCafe Small Cap "Hidden Gems" Webinar, to be held on
Friday, 2 June 2023 from 12:30pm AEDT / 10:30am AWST.

Keith Coughlan - Executive Chairman of the Company will provide an overview of
the Cinovec Project - the largest hard rock lithium resource in Europe,
located in the Czech Republic.  The project is actively supported by both the
Czech Government and the European Union.  Cinovec will be a fully integrated
battery metals project producing approximately 29,386 tpa of battery grade
lithium hydroxide and/or lithium carbonate for the rapidly growing European
Battery industry and Electric Vehicle industry.  The Cinovec Project has the
potential to have the lowest overall environmental impacts compared to other
conventional lithium battery metals projects not only in Europe but also on a
global basis.

This webinar can be viewed live via Zoom and will provide viewers the
opportunity to hear from, and engage with, a range of ASX-listed leading
micro/mid cap companies.

To access further details of the event and to register at no cost, please
click on the image or link below:

https://us02web.zoom.us/webinar/register/WN_U_FchkqLQfO4dBVY0TgeUg#/registration
(https://us02web.zoom.us/webinar/register/WN_U_FchkqLQfO4dBVY0TgeUg#/registration)

A recorded copy of the webinar will be made available following the event.

A copy of the investor presentation to be delivered during the webinar can be
found at the Company's website - www.europeanmet.com.

This announcement has been approved for release by the Chairman.

CONTACT

For further information on this update or the Company generally, please visit
our website at www.europeanmet.com (http://www.europeanmet.com) or see full
contact details at the end of this release.

 

 

BACKGROUND INFORMATION ON CINOVEC

PROJECT OVERVIEW

Cinovec Lithium/Tin Project

Geomet s.r.o. controls the mineral exploration licenses awarded by the Czech
State over the Cinovec Lithium/Tin Project. Geomet has been granted a
preliminary mining permit by the Ministry of Environment and the Ministry of
Industry. The company is owned 49% by EMH and 51% by CEZ a.s. through its
wholly owned subsidiary, SDAS. Cinovec hosts a globally significant hard rock
lithium deposit with a total Measured Mineral Resource of 53.3Mt at 0.48%
Li(2)O and 0.08% Sn, Indicated Mineral Resource of 360.2Mt at 0.44% Li(2)O and
0.05% Sn and an Inferred Mineral Resource of 294.7Mt at 0.39% Li(2)O and 0.05%
Sn containing a combined 7.39 million tonnes Lithium Carbonate Equivalent and
335.1kt of tin (refer to the Company's ASX release dated 13 October 2021)
(Resource Upgrade at Cinovec Lithium Project).

An initial Probable Ore Reserve of 34.5Mt at 0.65% Li(2)O and 0.09% Sn
reported 4 July 2017 (Cinovec Maiden Ore Reserve - Further Information) has
been declared to cover the first 20 years mining at an output of 22,500tpa of
lithium carbonate (refer to the Company's ASX release dated 11 July 2018)
(Cinovec Production Modelled to Increase to 22,500tpa of Lithium Carbonate).

This makes Cinovec the largest hard rock lithium deposit in Europe, the fifth
largest non-brine deposit in the world and a globally significant tin
resource.

The deposit has previously had over 400,000 tonnes of ore mined as a trial
sub-level open stope underground mining operation.

On 19 January 2022, EMH provided an update to the 2019 PFS Update, conducted
by specialist independent consultants, which indicates a post-tax NPV of
USD1.938B and a post-tax IRR of 36.3% and confirmed that the Cinovec Project
is a potential low operating cost producer of battery-grade lithium hydroxide
or battery grade lithium carbonate as markets demand. It confirmed the deposit
is amenable to bulk underground mining (refer to the Company's ASX release
dated 19 January 2022) (PFS Update delivers outstanding results).
Metallurgical test-work has produced both battery-grade lithium hydroxide and
battery-grade lithium carbonate in addition to high-grade tin concentrate at
excellent recoveries. Cinovec is centrally located for European end-users and
is well serviced by infrastructure, with a sealed road adjacent to the
deposit, rail lines located 5 km north and 8 km south of the deposit, and an
active 22 kV transmission line running to the historic mine. As the deposit
lies in an active mining region, it has strong community support.

The economic viability of Cinovec has been enhanced by the recent strong
increase in demand for lithium globally, and within Europe specifically.

There are no other material changes to the original information and all the
material assumptions continue to apply to the forecasts.

 

BACKGROUND INFORMATION ON CEZ

Headquartered in the Czech Republic, CEZ a.s. is an established, integrated
energy group with operations in a number of Central and South-eastern
European countries and Turkey. CEZ's core business is the generation,
distribution, trade in, and sales of electricity and heat, trade in and sales
of natural gas, and coal extraction. CEZ Group is one of the ten largest
energy companies in Europe, has 28,000 employees and annual revenue of
approximately EUR 9.97 billion.

The largest shareholder of its parent company, CEZ a.s., is the Czech
Republic with a stake of approximately 70%. The shares of CEZ a.s. are traded
on the Prague and Warsaw stock exchanges and included in the PX and WIG-CEE
exchange indices. CEZ's market capitalization is approximately EUR 17.7
billion.

As one of the leading Central European power companies, CEZ intends to develop
several projects in areas of energy storage and battery manufacturing in the
Czech Republic and in Central Europe.

CEZ is also a market leader for E-mobility in the region and has installed and
operates a network of EV charging stations throughout Czech Republic. The
automotive industry in the Czech Republic is a significant contributor to GDP,
and the number of EV's in the country is expected to grow significantly in the
coming years.

ENQUIRIES:

 European Metals Holdings Limited            Tel: +61 (0) 419 996 333

 Keith Coughlan, Executive Chairman          Email: keith@europeanmet.com

 Kiran Morzaria, Non-Executive Director      Tel: +44 (0) 20 7440 0647

 David Koch, Company Secretary               Tel: +61 (0) 418 925 212

                                             Email: david@europeanmet.com

 WH Ireland Ltd (Nomad & Joint Broker)

 James Joyce/ Darshan Patel                  Tel: +44 (0) 20 7220 1666

 (Corporate Finance)

 Harry Ansell (Broking)

 Panmure Gordon (UK) Limited (Joint Broker)  Tel:  +44 (0) 20 7886 2500

 John Prior

 Hugh Rich

 James Sinclair Ford

 Harriette Johnson

 Blytheweigh (Financial PR)                  Tel: +44 (0) 20 7138 3222

 Tim Blythe

 Megan Ray

 Chapter 1 Advisors (Financial PR - Aus)

 David Tasker                                Tel: +61 (0) 433 112 936

 

 

 

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