Cobre takes lithium technology to Europe
PERTH (miningweekly.com) – ASX-listed Cobre Montana has inked a memorandum of understanding (MoU) with fellow-listed European Metals to hunt for lithium resource at the Cinovec mine, in the Czech Republic.
Under the MoU, Cobre would undertake test work to assess the caliber of a Joint Ore Reserves Committee Compliant inferred resource of 37-million tonnes, grading 0.8% lithium oxide.
The test work was expected to take six months to complete, and Cobre said on Monday that subject to due diligence outcomes, the company would expect to present a commercial development proposal to European Metals at the end of that period.
Cobre’s first international expansion comes just a month after the company secured the exclusive rights to use the only known processing technology able to extract lithium from micas.
European Metals was meanwhile, completing a scoping study on the Cinovec project to evaluate the tin and tungsten potential at the project. The historic operation has one of the largest undeveloped tin deposits in the world, with a total inferred resource of 28.1-million tonnes, grading 0.37% tin.
European Metals MD Keith Coughlan said on Monday that lithium, potassium and rare metal credits could prove significant to the Cinovec project.
“The project is situated on the border with Germany which is a large-scale user of lithium carbonate for its extensive lithium battery manufacturing that is used in its internal automotive and manufacturing sector. This could provide not just a ready market for the offtake of this material, but opens numerous possibilities for strategic alliances with end-users of this product,” Coughlan said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
