(MENAFN- ProactiveInvestors)
Holdings (ASX/AIM:EMH) has found more lithium as well as tin and tungsten from drilling at its Cinovec project in the Czech Republic that could contribute to a low cost production of lithium carbonate.
Cinovec hosts a hard rock lithium deposit of 514.8 million tonnes at 0.43% Li2O but the in-fill drilling results indicates good width and grades of tin and tungsten that could be recovered without added cost.
Drilling aims to convert the inferred resource to indicated category and provide material for metallurgical testing.
A second drill program will target the shallow high grade lithium zone that could form the basis of an early mining operation at Cinovec.
A scoping study over Cinovec revealed a production cost of approximately $800 per tonne of lithium carbonate including tin and tungsten credits.
Cinovec was historically mined and the resource inventory defined by the company as the largest lithium deposit in Europe and located centrally to major European end users.
Appealingly battery grade carbonate and high grade tin concentrate at high recoveries was produced from test work.
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