EMH 2.44% 40.0¢ european metals holdings limited

I forget to say... I was crying for this for last over year here...

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    I forget to say... I was crying for this for last over year here and finally we get the pilot plant, hooray!

    15 tonnes at 0.65% LiO2 makes 97.5 kg which is 241 kg of lithium carbonate and we expect to get around 200 kg which is 83% total combined recovery .

    Second part saying out of 15 tonnes of ore there will be 12 tonnes of nonmagnetic material. Makes 3 tonnes of lithium concentrate which gets us from 0.65% LiO2 to 3.25% liO2 concentrate minus recovery loss ((92% recovery ) is 3% which is a bit higher than 2.85% mentioned in 21 October 2016 announcement.

    Sounds great if it really gets to these numbers.

    Also as stated in 2 May 2017 announcement the ‘Preliminary Mining Permit’ (PMP) has been received. The permit covers approximately 1,500,000 m2 of the Cinovec deposit south area and is valid until April 2025. The Company has until that date to submit an application for the final mining permit and which it intends to do well before then. The granting of the PMP means that the regulatory oversight for the designated area is transferred from the Ministry of Environment to the Czech Mining Bureau which approves the final mining plan and delimits the final mining space. Both approvals are predicated on the results of an Environmental Impacts Analysis, which the Company has commenced.

    Any denying of these granted rights by the Czech state would be clear infringement of international laws. Enough that government wants to change the law for all the future exploration leases which to me sounds like a total disaster for other potential mining projects in future in the Czech Republic.
 
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