European Lithium sells non-core asset
PERTH (miningweekly.com) – Lithium developer European Lithium has announced plans to sell its noncore assets in Western Australia.
The company has signed a binding term sheet for its full interest in the E47/4111 tenement in Western Australia with Moosh Moosh, and will receive A$1-million in cash or equivalent shares in an ASX-listed company, as well as a 1% net smelter royalty on minerals extracted from the tenement.
The sale will likely be completed by the end of September this year.
“The sale of our noncore Australian tenement aligns with our strategy to focus our attention on securing battery commodities for Europe’s green energy transition,” said European Lithium chairperson Tony Sage.
The company is currently developing the Wolfsberg lithium project, in Austria, which is expected to require a capital investment of $873-million to support an 8 800 t/y lithium hydroxide monohydrate production rate over a mine life of nearly 15 years, with operating costs estimated at $19 409/t before by-product credits.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation