WOLFSBERG LITHIUM PROJECT
European Lithium is focused on the development of its wholly owned Wolfsberg Lithium Project which is located in Carinthia, 270km south of Vienna, Austria. The Project is located 20 km east of Wolfsberg, an industrial town, with established infrastructure, including access to the European motorway and railway network.
The project comprises 22 original and 32 overlapping exploration licences and a mining licence over 11 mining areas issued by the Austrian mining authority. The 5-year term of the original exploration licences has been extended by the mining authority to 31 December 2019. The mining licence can be held in perpetuity provided its conditions are maintained.
The Wolfsberg project benefits from significant exploration, extensive metallurgical testing, mining and pre-feasibility studies conducted by its past owners, which may allow European Lithium to fast track the development of the Project which has the potential to become a major producer of lithium in Europe.
Construction could start by early 2019 and production by the end of 2020.
Project Highlights
Historical exploration and development, well located to existing infrastructure and energy sources
Well placed to target the largest lithium import markets in the European Union
Wholly owned by European Lithium, under stable licence and tax regime mapped out by the Austrian Mineral Resources Plan
Land access agreement in place with landowner
2015
The resource was restated to be compliant to JORC Code (2012) as 3.7 million tonnes inferred at 1.5% Li2O at a 0.75 % Li2O cutoff grade. This reclassification was required as original drill core was no longer available and original Minerex primary data and QA/QC procedures were unavailable to the competent person.