European Lithium Limited (ASX: EUR) has received a grant of new mining licenses and extensions for the Wolfsberg Lithium Project (in Austria, after a public hearing conducted by the Austrian Mining Authority.
Chairman Tony Sage said the grant of these mining licenses further reinforces the company’s belief that Wolfsberg will be the first local producer of battery grade lithium in Europe to fuel the green energy transition.
“The Wolfsberg Project benefits from Austria’s robust and mature mining industry that reflects many of the aims of the EU’s proposed Critical Raw Materials Act, including a fast track for critical projects like ours.”
The Wolfsberg Project Definitive Feasibility Study (DFS) mine planning and design incorporated the expanded resource and at the time of reporting the company identified several mining fields extending outside existing license areas that could be mined in the future.
Subsequently, the company applied for a new mining field, called Barbara, adjacent to the existing mining field called Andreas, which contains 11 mining licenses.
The Barbara mining field provides the company with six new licenses. In addition, thre existing mining licenses have had their area extended (one for the existing Andreas field and two for the newly assigned Barbara field).
The grant of new licenses and extensions grows the company’s Wolfsberg Project to a total of 20 licenses, nearly doubling the footprint for the underground mining operations.
The grant of the new mining licenses, and license extensions, provides significant upside to mining operations in the future. We are encouraged by this successful grant as we move toward operational readiness of the Wolfsberg Project,” CEO, Dietrich Wanke, said.
