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Euro Manganese Inc.
Summary
| Project: | Chvaletice | |
|---|---|---|
| Deposit: | Chvaletice | |
| Location: | Czech Republic | |
| Commodities: | Manganese | |
| Date: | 1/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2019: Euro Manganese Inc. announces a PEA report for its Chvaletice deposit at the Chvaletice project. PEA results incl. post-tax NPV of US $593M (10%), IRR of 22.6%, 25yr LOM at the project . Vancouver, Canada (January 30, 2019) – Euro Manganese Inc | |
| Resources: | (Resource, M+I): 26.960Mt @ 7.33% Mn | |
| CP/QP: | [Overall Report]: James Barr, Jianhui Huang (Tetra Tech Canada Inc.) | |
| ABSTRACT: | Vancouver, Canada (January 30, 2019) – Euro Manganese Inc. (TSX-V/ASX: EMN) (the "Company" or "EMN"), today announced the results of the Preliminary Economic Assessment (“PEA”) for the development of Western Europe’s largest manganese deposit owned by Mangan Chvaletice s.r.o. (“Mangan”), a 100% owned subsidiary of EMN in the Czech Republic, the Chvaletice Manganese Project (“Chvaletice Manganese Project”, “CMP”, or “Project”), and provided further information for the Company’s development plans for 2019. All economic values are in US dollars unless indicated otherwise Marco Romero, President and CEO of EMN, commented: "The PEA demonstrates the compelling potential of the Chvaletice Manganese Project. Euro Manganese is in a unique position in the battery industry, with its 100% holding of Western Europe’s most significant and strategically-located manganese deposit. What makes this project even more significant for an automotive industry focused on making our world greener, and for other consumers striving to secure sustainably produced raw materials, is that these products would be produced by recycling waste.” Dr. Roman Shklanka, Chairman of EMN, added: “The advent of electric vehicle manufacturing is transforming the entire global automobile industry. Revolutionary changes are taking place before our eyes and these have created unprecedented opportunities for an entirely new battery raw materials supply chain. Manganese is emerging as a key component in the dominant formulations of lithium-ion batteries, which are expected to drive strong demand for highly-refined manganese products well into the coming decades. A great deal of high-purity manganese materials production capacity needs to be brought on stream to meet the requirements of electric vehicle battery makers alone. Our plan is to be there for them, as a reliable supplier of environmentally-superior, high-purity manganese products. Our strategic location in the Czech Republic, central to a major emerging cluster of electric vehicle plants and a related ecosystem of chemical, cell and battery producers, our 25-year Project operating life, and our focus on the green production of high-purity manganese products made from the remediation of an old environmentally-impacted site, has attracted the attention of lithium-ion battery, battery precursor and cathode makers around the world.” | |
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