European Lithium is focused on the development of its wholly owned Wolfsberg Lithium Project which is located in Carinthia, 270km south of Vienna, Austria. The Project is located 20 km east of Wolfsberg, an industrial town, with established infrastructure, including access to the European motorway and railway network.
The project comprises 22 original and 32 overlapping exploration licences and a mining licence over 11 mining areas issued by the Austrian mining authority. The 5-year term of the original exploration licences has been extended by the mining authority to 31 December 2019. The mining licence can be held in perpetuity provided its conditions are maintained.
The Wolfsberg project benefits from significant exploration, extensive metallurgical testing, mining and pre-feasibility studies conducted by its past owners, which may allow European Lithium to fast track the development of the Project which has the potential to become a major producer of lithium in Europe.
Construction could start by early 2019 and production by the end of 2020.
“European Lithium to examine routes to fast track the development of the Project.”
- Historical exploration and development, well located to existing infrastructure and energy sources
- Well placed to target the largest lithium import markets in the European Union
- Wholly owned by European Lithium, under stable licence and tax regime mapped out by the Austrian Mineral Resources Plan
- Land access agreement in place with landowner
To learn more about the project’s historical development and ownership, CLICK HERE