European Lithium Completes Preliminary Economic Assessment for Tanbreez Project

European Lithium Ltd. ( (AU:EUR) ) just unveiled an announcement.

European Lithium Ltd has completed a Preliminary Economic Assessment (PEA) for the Tanbreez Rare Earth Project in Greenland, highlighting the potential for a viable standalone mining and processing operation. The assessment, conducted by Agricola Mining Consultants, indicates the project’s potential but also notes that further exploration and studies are necessary before estimating ore reserves or assuring economic viability. The announcement cautions investors against making decisions based solely on the PEA results, as it is a preliminary study and subject to various risks and uncertainties.

More about European Lithium Ltd.

European Lithium Ltd is a company operating in the mining industry, primarily focusing on rare earth and rare metal mining and processing. The company is involved in projects that aim to produce eudialyte concentrate for export, with a market focus on rare earth minerals.

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Technical Sentiment Signal: Strong Buy

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