Cadence (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that European Metals Holdings Limited (“EMH” or “the Company”) has declared the maiden Ore Reserve at the Cinovec Lithium / Tin Project in the Czech Republic. In addition, EMH has appointed Mr Richard Pavlik to the Board of Directors, and secured short-term funding.
As quoted in the press release:
Based upon the Preliminary Feasibility Study undertaken for the Cinovec Project, the Company declares a maiden Probable Ore Reserve of 34.5 Mt @ 0.65% Li2O, as detailed below. The Probable Reserves have been declared solely from the Indicated Mineral Resource category and are classified based on a PFS level of study and category of Mineral Resource.