Name of the Project
Cinovec lithium/tin project.

Location
The Cinovec project is located 100 km north-west of Prague, in the Czech Republic, on the border with Germany.

Client
European Metals Holdings.

Project Description
Cinovec hosts a globally significant hard-rock lithium deposit, with a total indicated mineral resource of 49.1-million tonnes grading 43% lithium oxide (LiO₂) and an inferred mineral resource of 482-million tonnes grading 0.43% LiO₂, containing a combined 5.7-million tonnes of lithium carbonate equivalent.

This makes Cinovec the largest lithium deposit in Europe and the fourth-largest nonbrine deposit in the world.

One of the largest undeveloped tin deposits in the world is located within this resource, with total indicated mineral resources of 15.7-million tonnes grading 0.26% tin and inferred mineral resources of 59.7-million tonnes grading 0.21% tin for a combined total of 178 000 t of contained tin.

A scoping study review on the project, completed as part of the prefeasibility study (PFS), has shown that the deposit could be amenable to bulk underground mining.

Metallurgical testwork has produced battery-grade lithium carbonate and high-grade tin concentrate at excellent recoveries in the study.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
The cost of the project has been reduced from $254-million to $164-million.

The significant reduction in the project’s capital expenditure (capex) costs for mining has been achieved through modifications in mine design.

A significant reduction in the capex costs of the lithium carbonate plant has been achieved through redesign, which removed the sulphuric acid production plant.

The original scoping study for the project included a significant budget for the construction of a sulphuric acid plant as part of the lithium carbonate plant.

There is currently an oversupply of sulphuric acid in Europe, which means that it is cheaper to buy acid than to produce it on site using a sulphuric acid plant.

The dual benefit of eliminating the acid plant is reduced capital costs to build the lithium carbonate plant and lower operating costs based on the low acquisition cost of the acid.

Duration
Not stated.

Latest Developments
The conclusions of the scoping study review will be included in the improved PFS.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
European Metals Holding, tel +61 8 6141 3500.