European Metals Holdings confirms status as largest lithium resource in Europe

Mineral exploration and development company European Metals Holdings has confirmed its status as the most prominent lithium resource in Europe, Cadence Minerals announced on Tuesday.

The early investment strategy and development firm said the UK and Australian listed company, in which it has a 20.4% equity stake, reported a further upgrade of its JORC compliant Indicated Mineral Resource at the Cinovec Lithium/Tin Project in the Czech Republic.

Kiran Morzaria, chief executive officer of Cadence, commented: "The addition of these Mineral Resources, in particular given the proximity to the initial planned areas, is important for the ongoing definitive feasibility study. We look forward to hearing further updates from the Cinovec deposit as it progressing the development of this exciting project."