European Lithium aims to fast track the development of the Project which has the potential to become a major producer of lithium in Europe.
The Wolfsberg Lithium Project is ideally located at the geographical heart of a growing battery cluster in Europe.
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Wolfsberg Lithium Project
Project Highlights
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. All exploration licences are extended by the mining authority until 31 December 2024. 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.
The Company successfully completed a positive pre-feasibility study (PFS) in Q2 2018. The PFS was based only on measured and indicated resources of 6.3Mt at 1.17% Li2O.
The Company aims to have increased Measured and Indicated resources for the definitive feasibility study (DFS), so that project design and evaluation will be at a mining rate of approximately 800,000 t/a, further increasing the mine life.
The DFS is currently underway and anticipated to complete before the end of 2022 (subject to funding and COVID-19 restrictions).
The Company is aiming to commence lithium hydroxide production at the project in Q1 2025 (subject to funding, approvals by the Austrian government and COVID-19 restrictions).