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European Lithium raises A$1.1m for Austria project

8th June 2017

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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JOHANNESBURG (miningweekly.com) – Investors, mainly European, have committed A$1.1-million towards advancing the Wolfsberg lithium project in Austria, ASX-listed European Lithium reported on Thursday.

Nonexecutive chairperson Tony Sage said the funds would help the company finalise a prefeasibility study for the project.

“This is a great result given the current market conditions and shows great confidence in the Wolfsberg lithium project,” Sage commented in a statement.

Wolfsberg is an advanced project with an inferred resource of 3.7-million tonnes. European Lithium is aiming to start operations in 2019/20.

Edited by Creamer Media Reporter

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