European Metals [ASX:EMH], [AIM:EMH], (OTCPK:MNTCF)
On June 27, European Metals announced a "Maiden Ore reserve of 34.5 Mt @ 0.65% Li2O declared for Cinovec Project". This is just a fraction of the total "resource", so expect this to be upgraded later on. The earlier PFS had reported "a JORC indicated and inferred ore resource of 656 MT grading 0.43% Li2O (spodumene), or 6.99 million tonnes (NYSE:MT) of LCE. The company expects further exploration to increase this to 10.4-12.3mt LCE, making it one of the largest global lithium resources.
Upcoming catalysts include:
H2, 2017 - Further drilling results. Resource upgrade. Off-take discussions.
~April 2018 - Bankable Feasibility Study to be released.
Mid 2018 - Construction to begin.
Early 2019 - Production to commence.
Investors can read my June 2017 article on European Metals here. https://seekingalpha.com/article/40...ive-low-cost-lithium-spodumene-project-europe
