European Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF) (“European Metals” or the “Company”) is pleased to announce that DRA Global Limited (“DRA”) has been appointed to complete the Definitive Feasibility Study (“DFS”) for the Cinovec project in the Czech Republic.
With over 30 years’ experience in the development and execution of projects, DRA is a recognised leader in the delivery of lithium projects globally.
DRA has the necessary capacity, expertise and track record to deliver the Cinovec DFS in a timely and efficient manner and will be working to build on all of the optimisation work that the Cinovec team completed over the course of 2022 with a view to completion of the DFS in Q4 2023.
DRA’s appointment for this vital piece of project development work is testament to both the Company’s and its joint-venture partner CEZ s.a. commitment to, and the tremendous prospectivity and value of, the Cinovec Project. The Cinovec Project’s in-house team will work closely with DRA to develop and finalise the DFS.
Executive Chairman Keith Coughlan said:
“We are pleased to have secured a company of DRA’s calibre, with a proven track record of delivering critical pieces of work like the Cinovec DFS in a timely and efficient manner.
“We will be working closely with DRA over the coming period, and we are excited by the positive outcomes that this DFS will provide. It is not expected that this will delay the critical path of the Project, as during this time the Company will be in the process of finalising permitting, offtake and Project Finance matters.“European Metals is well positioned for the rising demand in battery materials, developing the Cinovec project, the largest hard rock lithium project in the EU, which is centrally located on the Czech Republic’s border with Germany. The project possesses excellent ESG credentials which will enable the production of battery grade lithium hydroxide and carbonate with potentially one of the lowest CO2 emissions, globally.”
“We are proud to be working with EMH on the Definitive Feasibility Study for the impressive Cinovec Project. Our experience in Lithium spans the Australian, African and Americas markets. We are excited to share this knowledge with EMH to deliver the best results for their project,” comments James Smith, CEO of DRA Global.
comments James Smith, CEO of DRA Global.
DRA Global Limited (ASX: DRA | JSE: DRA) is a multi-disciplinary consulting, engineering, project delivery and operations management group predominantly focused on the mining and minerals resources sector. DRA has an extensive global track record, spanning more than three decades and more than 7,500 studies and projects as well as operations, maintenance and optimisation solutions across a wide range of commodities.
DRA has expertise in mining, minerals and metals processing and related non-process infrastructure including sustainability, water and energy solutions for the mining industry. DRA