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Euro Manganese Inc.
Summary
| Project: | Chvaletice | |
|---|---|---|
| Deposit: | Chvaletice | |
| Location: | Czech Republic | |
| Commodities: | Manganese | |
| Date: | 12/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2018: Euro Manganese Inc. announces a Resource Estimation report for its Chvaletice deposit at the Chvaletice project. Upgraded mineral resource estimate at the project. VANCOUVER, British Columbia, Dec. 12, 2018 -- Euro Manganese Inc. (TSX-V/ASX: E | |
| Resources: | (Resource, M+I): 26.960Mt @ 7.33% Mn | |
| CP/QP: | [Resources]: James Barr (Tetra Tech Canada Inc.) | |
| ABSTRACT: | VANCOUVER, British Columbia, Dec. 12, 2018 -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN") is pleased to announce an updated resource estimate ("Resource Estimate") for its Chvaletice Manganese Project in the Czech Republic and to provide an overview of its 2018 metallurgical testwork program ("Metallurgical Testwork Program Update") and its development plans for 2019 ("2019 Plans"). Marco Romero, President and CEO of EMN, noted: "We are extremely pleased with the outcome of the 2018 drilling program and the resulting updated Resource Estimate for the Chvaletice Manganese Project, where 98.3% of the Resource was confirmed as Measured Resources. This milestone will provide a solid foundation for detailed planning of the tailings extraction and processing schemes, and drive the project economics in our upcoming Preliminary Economic Assessment, which we currently expect to release in early 2019. During our extensive 2018 Metallurgical Testwork Program and pilot plant tests, our in-house team made significant progress in advancing its understanding of the Chvaletice deposit and in the planning and design of a technically-viable process flowsheet. By recycling the Chvaletice waste, we are targeting production of some of the highest purity electrolytic manganese metal and manganese sulphate monohydrate available in the world today, while setting the stage for compliance with very high health, safety and environmental standards. In 2018 we have seen a continuous stream of announcements and reports of important new developments and investments in the lithium battery industry in Europe, North America and Asia. The Chvaletice Manganese Project is strategically located in the Czech Republic, amidst a major emerging cluster of electric vehicle plants that have started to serve local and export markets. This transformation of the entire European auto industry is giving birth to an entire ecosystem of battery factories, precursor and cathode makers, recyclers, and related battery raw materials supply chains." | |
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