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.