European Metals Holdings Ltd

Description

European Metals Holdings Ltd is a company engaged in mineral exploration and development, which mainly focuses on its Cinovec project for mining of Lithium and Tin in Czech Republic. It was founded in the year 2011 and its headquarters are situated in Australia. It is listed and traded publicly on the Alternative Investment Market (AIM) of the London Stock Exchange as well as on the Australian Stock Exchange (ASX: EMH). GEOMET s.r.o, European Metals (UK) Ltd, Equamineral Sa, and Equamineral Group Limited are its subsidiaries.

The Cinovec project is in the heart of Europe, 100 km north-west from Prague on the border with Germany, in the Krusne Hore Mountains. It has a long history of being a mining region, tracing back to the 1300s. The project location is supported with the necessary infrastructure and services, as it close to well-established chemical and industrial plants, and lies within a range of 10 kms from two railway lines. European Metals Holdings Ltd purchased 100% exploration rights for the Cinovec project in the year 2012. The project holds the largest reserves of lithium across Europe and holds one of the largest reserves of tin across the world. According to Preliminary Feasibility Study that has recently concluded, the project can provide hard rock lithium at the lowest cost worldwide. The drilling programme being carried out by the company is already done with 30 diamond holes with an average depth of 400 m, while providing additional lithium grade data and samples for metallurgical tests. The company is engaged with metallurgical tests at Nagrom and ALS in Australia as well as UVR and Anzaplan in Germany, to support the Preliminary Feasibility Study (PFS). The Cinovec project hosts the fourth largest non-brine deposit across the globe. The project’s total Indicated Mineral Resource is estimated to be 372.4 Mt @ 0.4% Li2O and 0.04% Sn, and it contains around 7.18 million tonnes Lithium Carbonate and 262,600 tonnes of tin.  

European Metals Holdings Ltd follows a well-defined framework of corporate governance and aligns itself with the Quoted Companies Alliance (QCA) Corporate Governance Code. It also complies with The Corporate Governance Principles and Recommendations (4th Edition) by the ASX Corporate Governance Council. The board of the company has set up separate committees for audit, remuneration, and nomination.

It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It has a comprehensive environmental, social, and governance (ESG) framework in place and complies with international best practices and guidelines to create a sustainable business. It aims to minimise the impact of its business activities on the environment and create long-term value for the business as well as the wider community.