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European Lithium Limited (ASX: EUR)

There is no major source of lithium in Europe, with much of the commodity currently imported.

However Europe consumes 24% of global lithium demand, second only to China – which means local producers could be in a prime position to service the lithium ion battery factories that are springing up all over the continent.

One company positioning itself to ride this lithium wave is European Lithium (ASX: EUR), which is positioning itself to fast track production at its Wolfsberg Project in the heart of Europe.

The resource looks strong for EUR, with the company bearing down on mining a 6.3Mt lithium resource at a grade of 1.17% Li2O.

EUR is currently undertaking technical studies for a Pre-Feasibility Study (PFS) and drilling for a resource expansion anticipated for completion in Q3 2017.

EUR recently produced a spodumene concentrate of 5.3% Li2O via Dense Media Separation.

The ability to produce an early DMS concentrate opens up the potential to fast track lithium sales into the European glass-ceramic market whilst the company progresses with producing battery grade lithium carbonate.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

2017 is a crucial time for EUR. It will finalise its PFS, give its Resource expansion a formal stamp, introduce products to off-takers and embark on finalising its DFS and permitting for 2018.

And it is doing this all as lithium demand continues to significantly increase.

 

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Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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