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European Lithium Ltd.
Summary
| Project: | Wolfsberg | |
|---|---|---|
| Deposit: | Wolfsberg | |
| Location: | Austria | |
| Commodities: | Lithium | |
| Date: | 4/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-4-2018: European Lithium Ltd. announces a Pre-Feasibility Study report for its Wolfsberg deposit at the Wolfsberg project. PFS results incl. pre-tax NPV of US$263.2M (8%), IRR of 21.2% and a 12yr LOM for base scenario. European Lithium Limited (ASX: EUR | |
| Resources: | (Reserve, P+P): 7.435Mt @ 0.71% Li2O for 52.9Kt Li2O contained | |
| CP/QP: | [Overall Report]: Steve Kesler (Internal) | |
| ABSTRACT: | European Lithium Limited (ASX: EUR, FRA: PF8, VSE:ELI) (the Company) is pleased to advise that it has completed the Pre-Feasibility Study (PFS) on its 100% owned Wolfsberg Lithium Project (the Project) in Austria with the results confirming the technical and economic viability of the Project. The Company is on track to become a major supplier to an integrated lithium industry in Europe where motor vehicle manufacturers are accelerating electric vehicle (EV) production and lithium battery plants are in construction or being planned. These developments have strong national government and European Commission support. Tony Sage, Chairman, commented “Completion of the PFS which establishes the technical and economic viability of the Wolfsberg Lithium Project is a major step in its development. The Company will endeavour to formally start the DFS in July with the aim of completing it before the end of 2018”. | |
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