Austrian Lithium Exploration and Evaluation Strategy

Battery materials explorer, EV Resources Limited (“EVR” or the “Company”) is pleased to announce it has appointed Austrian geological consultants, GEO Unterweissacher GmbH (“GEO Untereeissacher”), to advise on the exploration strategy for the Company’s lithium projects in Austria which are held 80% by the Company and 20% by European Lithium Limited (ASX:EUR).

GEO Untereeissacher is an engineering organization for geology and geotechnics headquartered in Tyrol, Austria reputable for their expertise and modern-scientific standards.

GEO Untereeissacher has reviewed all the relevant data and samples to recommend an appropriate drilling program to test pegmatite mineralisation at the Weinebene Project. The working group of EVR and European Lithium Ltd (“EUR”) will consider the report provided by GEO Untereeissacher and action a drilling program to extend the Wolfsberg mine and the strategic satellite projects, based on the suggested options.

EVR has called drilling tenders for the program and consultants will commence negotiations with landowners to grant permitting and access to the projects, along with mobilisation.

Additionally, GEO Unterweissacher has also reviewed and advised on geological evaluation programs across six other projects that the Company holds in Austria.

Executive Director, Adrian Paul commented:

“The expert advisors have reviewed the data and proposed a drilling program for Weinebene that has the potential to significantly extend the Wolfsberg mine. We intend to work with our partners and stakeholders to commence the permitting process as soon as practicable.

The other projects reviewed by the expert consultants indicate good potential for lithium mineralisation, with various results up to >3% Li2O. We look forward to the geological review identifying areas for further assessment.”

About the Weinebene & Eastern Alps Lithium Project (80%):

EV Resources holds an 80% interest in the Weinebene and Eastern Alps Lithium Projects located in Austria with the remaining 20% of the projects owned by European Lithium Ltd (ASX: EUR). The projects are located immediately adjacent to European Lithium’s Wolfsberg deposit, where EV Resources postulates that the veins which comprise the JORC compliant 10.98MT @ 1.00% Li2O resource at the Wolfsberg deposit, strike into the Weinebene project area.

The proximity of the Weinebene and Eastern Alps Projects to European Lithium’s Wolfsberg Project creates substantial optionality and potential synergistic development and production scenarios for both parties.

EV Resources has entered into a Collaboration Agreement with European Lithium which includes the establishment of Technical Advisory Committee to enhance the projects for the purpose of jointly collaborating in connection with the Weinebene and Eastern Alps Projects and sharing information to identify the best options to advance those assets and operations. This includes making recommendations for exploration programs, budgets and development scenarios in relation to the assets and operations.

Click here for the full ASX Release

This article includes content from European Lithium Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.