European Metals presses ahead at Cinovec

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European Metals Holdings Ltd announced an upgraded resource estimate for the Cinovec lithium-tin deposit in the Czech Republic following the completion of a drilling campaign at Cinovec South.

Total resources increased by 12.3 million tonnes (Mt) to 708.2Mt at 0.43% lithium oxide, said the AIM-listed company which owns 49% of the project.

Of the total estimate, 53.3Mt was re-classified from the indicated category into the higher confidence measured category, grading 0.47% lithium oxide and 0.08% tin, and 28.5Mt of inferred resource was upgraded into the indicated category.

As a result, the measured and indicated resource has increased from 372.4Mt to 413.4Mt at 0.47% lithium oxide and 0.05% tin.

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