EMH 2.50% 19.5¢ european metals holdings limited

New Production Target Soon, page-41

  1. 4,089 Posts.
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    @Fingers xed,

    It is merely to point out how EMH chooses which information to display and which information it chooses to omit. As a mining professional myself and understanding the JORC code, I trust exploration / drilling information in the Ore Reserves category (once it is available). I do find it perculiar that EMH makes it very difficult to obtain their Ore Reserves information and chooses to omit it from Company Presentations.

    EMH have been sitting on Ore Reserve data for over 2 years, but continue to present Mineral Resource data only, which to the non-mining professionals who wouldn't know the difference is ok.

    Yes EMH has some +650Mt of Mineral Resource, the fact is over 90% of it non-economical to mine for various factors. Their Proven and Probable Ore Reserves sit at approximately 34.5Mt at 0.65% Li20.

    Current Li Hard Rock Ore Reserves (Proved and Probable in Europe):

    Rio Tinto Jadar - 16.6Mt at 1.78% Li20 (0.73Mt LCE)
    EMH Cinovec - 34.5Mt at 0.65% Li20 (0.55Mt LCE)
    INF San Jose - 37.2Mt at 0.63% Li20 (0.58Mt LCE)

    https://hotcopper.com.au/data/attachments/2730/2730197-e73b4a4da4d051b0e21100c9ac19146e.jpg

 
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