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European Metals Holdings Limited (ASX:EMH)

ALERT: Price-sensitive ASX Announcement for EMH
Current share price for EMH : $0.235 -0.06 (-20.34%)+
Announcement
Release
24 Jun 2026 9:13AM
Price at Release
$0.295
Full Release
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Summary
European Metals Holdings Limited has announced the results of a design optimization program for the lithium chemical plant (LCP) at their Cinovec Project. The optimization could potentially save US$51 million per year in reagent costs and US$3.4 million in power costs by reducing consumption by 25%. The proposed reconfiguration of the LCP process flowsheet is expected to enhance efficiency and reduce the usage of caustic soda, sulphuric acid, and sodium sulphate. The implementation of a tunnel kiln powered by renewable energy is also being explored as a means to further reduce operational costs. These measures are anticipated to improve the economic viability of the project, with the exact benefits to be detailed in an upcoming update to the Project DFS.
Key Points
  • European Metals Holdings Limited announced results for optimizing the lithium chemical plant (LCP) at the Cinovec Project.
  • The optimization could potentially reduce reagent consumption by US$51 million annually.
  • Power consumption in the LCP may be reduced by more than 25%, saving approximately US$3.4 million per year.
  • An updated project Definitive Feasibility Study (DFS) is expected to reveal the exact extent of economic improvements.
  • The optimization includes reconfiguring the LCP process flowsheet to improve efficiency.
  • SysCAD process modeling indicated significant reductions in caustic soda, sulphuric acid, and sodium sulphate usage.
  • The project team is exploring the use of a tunnel kiln powered by renewable energy as a potential improvement over the current kiln.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.