Next Investors logo grey

European Lithium sees signs of high-grade mineralisation at Wolfsberg


Published 03-NOV-2016 13:53 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

European Lithium (ASX:EUR) has released encouraging results from extensive channel sampling of underground pegmatite veins undertaken at its Wolfsberg lithium project in Austria.

Two separate veins with 40 channels over a sample strike length of circa 140 metres delivered average grades of approximately 1.8% lithium dioxide. The average vein width ranged between 1.7 metres and 2.2 metres.

EUR is working towards establishing an upgraded resource model which will draw on previous Minerex data, as well as results from its current exploration program.

Importantly, the results are relatively consistent with Minerex’s historical data. However, perhaps of more significance is the fact that, as previously noted by Minerex, there has been confirmation of higher grade lithium mineralisation in veins hosted in amphibolite (circa 1.8%) compared with that hosted in mica schist (average grade of 1.3%).

Not only is this further confirmation of the reliability of Minerex’s data, but it may also be important in terms of assuming a more focused approach with future exploration initiatives.

However, investment decisions should not be made on the basis of anticipated exploration outcomes as they may not come to fruition. Also, while EUR has an advantage over many of its peers in that it has an established resource, it remains an early stage explorer. Those considering this stock should seek independent financial advice.

Next Investors Image

Drilling results and upgraded resource should provide share price momentum

Because some of Minerex’s data no longer exists, EUR had to revise its resource measurement to comply with JORC (2012) standards. The company currently has an Inferred Resource of 3.7 million tonnes grading 1.5% lithium dioxide at a cut off of 0.75% lithium dioxide.

The early stage delineation of grades above 1.5% should be perceived as a positive development for the group and with further exploration news emerging over the coming weeks there is the potential for share price appreciation.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.