How European Metals’ Cinovec DFS Positions Europe for Lithium Supply Security

• 27-year mine life with 37,500 tonnes per annum lithium carbonate production
• JORC Resource of 747.54 million tonnes and Reserve of 54.4 million tonnes
• Pre-tax NPV of US$1.455 billion and IRR of 14.8% at US$26,000/t lithium carbonate price
• Initial CAPEX of US$1.72 billion net of grants, plus sustaining CAPEX of US$0.498 billion