Company Overview and News

European Lithium settles sale of Western Australian gold project

European Lithium Ltd (ASX:EUR) has settled the sale of its Paynes Find Gold Project in Western Australia to Cervantes Gold Pty Ltd (ASX:CVS).
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European Lithium restarts drilling on road to development

European Lithium (ASX:EUR) has restarted drilling as expected after pausing for the Christmas period at the 100% owned Wolfsberg Lithium Project located in Austria.
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European Lithium cashes in on sale of gold projects

European Lithium (ASX:EUR) has executed a binding term sheet for the sale of its gold project in Western Australia in exchange for cash and shares valued at $1 million.
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European Lithium progressing aggressive development on time

European Lithium (ASX:EUR) is continuing the aggressive development of the Wolfsberg Lithium Project located in Austria on schedule with the planned timetable.
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European Lithium Ltd increase JORC 2012 lithium resource by 75%

European Lithium Ltd (ASX:EUR) has declared a total JORC resource of 6.3 million tonnes at 1.17% lithium oxide at its 100% owned Wolfsberg lithium project in Austria.
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European Lithium Ltd a step closer to JORC resource as Wolfsberg advances

European Lithium Ltd (ASX:EUR) has verified original data for use in an imminent JORC resource upgrade at the 100% owned Wolfsberg lithium project in Austria.
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European Lithium Ltd drills up to 3.35% lithium oxide

European Lithium Ltd (ASX:EUR) has received assays confirming high grades of lithium at the 100% owned Wolfsberg lithium project in Austria.
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European Lithium Ltd samples high-grade results from Wolfsberg

European Lithium Ltd (ASX:EUR, FRA:PF8) has delivered high-grade lithium from channel sampling of underground pegmatite veins at its wholly-owned Wolfsberg Project in Austria.
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European Lithium increases investor exposure with Frankfurt listing

European investors will be able to trade the company’s ordinary shares in Euros in their own time zone
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European Lithium Ltd commences test work at Wolfsberg

European Lithium Ltd (ASX:EUR) has commenced a metallurgical test work program to optimise process design for its Wolfsberg lithium project located in Austria. Historical test work completed at project from the 1980s concluded that a 6% lithium oxide spodumene concentrate could be obtained. Since the original test work there have been a number of technological developments that could be applicable to the Wolfsberg deposit.
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European Lithium Ltd eyes resource upgrade at Wolfsberg Lithium Project

European Lithium Ltd (ASX:EUR) has completed its drilling program at the Wolfsberg Lithium Project in Austria which aims to support an updated JORC 2012 resource. The objective of the drilling program was to verify 17,000 metres of historical surface and underground drilling. The company expects the analysis of the drilling samples to be completed by mid-October. This will enable the verification program report to be completed which will progress towards an upgraded JORC Code 2012 compliant resource by the end of October or early November 2016.
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Paynes Find Gold Ltd a step closer to finalising lithium acquisition

Paynes Find Gold Ltd (ASX:PNE) has completed its due diligence ahead of its proposed acquisition of a JORC compliant inferred resource of 3.7 million tonnes grading 1.5% lithium. Paynes is now seeking shareholder approval to acquire European Lithium Limited, the 100% owner of the Wolfsberg Lithium Project in Austria. The project is located 40 kilometres from the Samsung battery plant in Gratz, Austria.
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Cape Lambert Resources Ltd sells 20% interest in Central African Resources Ltd

Cape Lambert Resources Ltd (ASX:CFE) has sold its 20% interest in Central African Resources Ltd (CAR) for circa A$550,000. The company held 20% of CAR which has iron ore tenements in Gabon. Tony Sage, executive chairman, commented: “This transaction has enabled the company to increase it’s cash reserves as well as reducing our exposure to iron ore given the current state of that market.”
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Paynes Find Gold Ltd acquires advanced major lithium project in Austria

Paynes Find Gold Ltd (ASX:PNE) is seeking to become a lithium miner through the reverse takeover and backdoor listing of European Lithium Limited, the sole owner of the well advanced Wolfsberg Lithium Project in Austria. Tony Sage will become a director of the company, as Cape Lambert Resources Ltd (ASX:CFE) owns 26.2% of the pre-raising capital in Euro Lithium. The current vendors have already spent €11.
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