At the height of the American war machine's realization that China controls nearly all of its raw materials, two new developments in Europe now suggest that the West has a fighting chance to secure critical Contact online >>
At the height of the American war machine''s realization that China controls nearly all of its raw materials, two new developments in Europe now suggest that the West has a fighting chance to secure critical
Volkswagen, startups unveil ambitious plans as EV sales surge Continent''s market share could quadruple by 2030: BNEF With Europe expected to lead the world in electric-car sales for a second straight year, an epic
After passing through a number of entities, the ownership of the mine is now with European Lithium Limited-subsidiary European Lithium AT (Investments) Limited.
In October 2022, European Lithium AT (Investments) Limited signed a definitive merger agreement with publicly traded special purpose acquisition company Sizzle Acquisition Corp.
According to the PFS, the mine is expected to produce 10,129 tonnes of lithium hydroxide per annum in an accelerated case. The material will be enough to power around 200,000 electric vehicles (EVs) per year amid rising demand for lithium-ion batteries.
The Wolfsberg Lithium Project and concentrator site is located 20km east of Wolfsberg, an industrial town in Austria. The hydrometallurgical plant is located close to the A2 motorway and the natural gas transmission pipeline that follows the motorway.
The project will have access to road and rail infrastructure, which will facilitate the delivery of lithium hydroxide to the lithium battery plants in Northern Europe.
Overall, the project includes 22 original and 32 overlapping exploration licences and a mining licence over 11 mining areas issued by the Austrian mining authority.
The previous owners of the mine carried out significant exploration and development work on the project. This includes 17,000m of drilling / 1,400m of decline, drives and crosscuts.
The project area features a sequence of generally quartzitic, locally kyanitebearing mica schists and eclogitic amphibolites. Minerex''s exploration work focused on the northern limb of this anticline called Zone 1.
European Lithium has also conducted drilling in Zone 2, which is the southern limb of the anticline. A drilling campaign in 2018 of five holes showed numerous pegmatite intersections.
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