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European Metals (ASX:EMH) - Managing Director, Keith Coughlan - The Market Herald
Managing Director, Keith Coughlan
Source: The Market Herald
  • European Metals (EMH) has appointed German-based engineering company, SMS group, as the lead engineer for its joint venture Cinovec Project
  • Cinovec is located in the Czech Republic and is the largest hard rock lithium deposit in Europe and a globally-significant tin resource
  • SMS group will provide a complete front-end engineering design (FEED) study which will help deliver an engineering, procurement, and construction (EPC) contract
  • This work makes up a significant portion of the project's definitive feasibility study, which is slated for completion by the end of next year
  • Company shares are trading flat at 45 cents

European Metals (EMH) has appointed SMS group Process Technologies GmbH as the lead engineer for its joint venture Cinovec Project in the Czech Republic.

The Cinovec Project is held in a joint venture between European Metals and ČEZ Group's subsidiary, Severočeské doly. Recently, the project received a €29.1 million (roughly A$47.7 million) investment, which means it can proceed to the construction phase.

Significantly, the project is the largest hard rock lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally-significant tin resource.

Under the agreement, SMS group will provide a complete front-end engineering design (FEED) study as the major component of its ongoing definitive feasibility study (DFS) work for the Cinovec Project.

The FEED study is aimed at delivering a fixed price lump sum turnkey engineering, procurement, and construction (EPC) contract with associated process and product specification guarantees for battery-grade lithium chemicals.

"SMS is the ideal engineering partner for the Cinovec Project as it is based in neighbouring Germany with a globally-respected process design capability," EMH Executive Chairman Keith Coughlan said.

"Successful delivery of the FEED study will provide a gateway to financing institutions and off-takers of the highest quality," Keith added.

SMS group is based in Dusseldorf, Germany and is considered a world-leading company in plant construction and mechanical engineering for the technology metals and materials sector.

"SMS group is delighted to deploy its second-to-none technology metals and materials production know-how and EPC capabilities into this exciting project," SMS group Senior Vice President for Strategic Project Development Herbert Weissenbaeck said.

The FEED study will begin immediately and is expected to deliver the EPC contract, being the final part of the Cinovec DFS, by the end of next year.

Company shares are trading flat at 45 cents at 2:50 pm AEST.


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