2021-05-11 by Proactive Australia
European Lithium Ltd (ASX:EUR)(FRA:PF8)(VIE:ELI) is set to add to its strategic lithium endowment in the heart of Europe after entering a Collaboration Agreement with Jadar Resources Ltd (ASX:JDR)(FRA:R1E) on its Austrian tenements.
This agreement sees EUR acquire a 20% interest in Jadar s Austrian lithium assets - the Weinebene and Eastern Alps projects - from their JV partner.
These projects are adjacent to EUR s Wolfsberg Lithium Project and the new arrangement creates optionality and potential synergistic development and production scenarios for both parties.
It will also enhance the capacity of the new partners to better serve Europe s desire for self-sufficiency as it builds a cleaner and greener continent through electric vehicles and energy storage.
S&P/ASX 200 snaps five-day winning streak; Challenger falls 14%
Brent crude settled 0.42% higher at US$67.05 per barrel on Monday supported by a weaker US dollar, but concerns about the impact on demand from rising COVID-19 cases in India and other countries capped gains. Spot gold fell 0.3% to US$1,770.97 per ounce on Monday after touching US$1,789.77, the highest since February 25.
S&P/ASX 200 (INDEXASX:XJO) snapped its five-day winning streak by falling 0.33% to 7,042.5 points by 1.06 pm following a muted performance from Wall Street overnight, as investors awaited key earnings results.
Rio iron ore shipments rise
Rio Tinto (ASX:RIO) shares were 0.29% lower after releasing its 1Q21 update this morning.
S&P/ASX 200 jumps 1 1% after Dow, S&P 500 in the US close at record proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
2021-02-26 by Proactive Australia
European Lithium Ltd s (ASX:EUR)(FRA:PF8)(VSE:ELI) drilling contractors have mobilised drilling equipment to site and started a resource extension drilling program this week at Wolfsberg Lithium Project in Austria.
The drilling is intended to upgrade inferred resources of 4.68 million tonnes to the JORC-compliant measured and indicated categories.
This would result in total resources of 10.98 million tonnes being included in the mine planning process within the definitive feasibility study (DFS) at the Wolfsberg Project.
Mobilisation occurred smoothly
European Lithium chief executive officer Dietrich Wanke said: We are pleased to welcome our contractors at site to complete the resource extension drilling program.
S&P/ASX 200 jumps 1 37% as gold miners, big banks rally proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.