European Lithium

DIETRICH WANKE

CEO

(ASX:EUR)

◾ Company Name: European Lithium ◾ Company ASX code: EUR ◾ Key commodities: Lithium ◾ Key Personnel: Dietrich Wanke, CEO | Tony Sage, Executive Chairman ◾ Locations: Focus project in Wolfsberg, Austria; Domicile, Ukraine; Western Australia ◾ Market Cap as of 15/07/22: $92.76M ◾ Share price range over 12 months as of 15/07/22: $0.185 - $0.052 ◾ Company Website: europeanlithium.com

COMPANY PROFILE

European Lithium is a mining exploration and development company, listed in Australia, Frankfurt and in the U.S via the OCTQB, with its main focus centred on its wholly owned Wolfsberg Lithium Project in Austria.

From its inception, the company has been developing its advanced hard rock lithium project in the heart of Europe, with the intention of helping to meet the European continent’s growing demand for self-sufficiency in the supply of natural resources, specifically critical metals such as lithium.

Thanks to its geographical location, European Lithium has been well positioned to make the most of the worldwide lithium rush that has catapulted many companies well into the realms of the big players.

The Company’s Wolfsberg Lithium Project in Austria is located in Carinthia, around 270km south-west of the nation’s capital, Vienna.

The project comprises a series of 54 exploration licences and 11 mining licences, centred around an existing historical mine site that has previously seen some large scale exploration and development activities by former owners.

Since acquiring the site, European Lithium has been hard at work developing the project, with a production kick-off slated for early 2025.

In the short term, there are encouraging signs from Austria keeping the Company on the boil and enthusiastic about its work.

The current Measured, Indicated & Inferred JORC Resource totalling 12.88 MT at 1% Li2O in Zone 1, shows upside with mirroring in Zone 2. Drilling in Q1 2018 confirmed a potential doubling of the resource, with follow up drilling planned in the near future.

In addition, the Company says it’s in good health financially, with its definitive feasibility study welladvanced, and anticipated in Q3 2022, supported by an interim pre-tax Net Present Value of AUD $823 million.

Outside of Austria, the Company holds the rights to prospective lithium projects in Ukraine. This includes the Dobra lithium project, located in the Novoukrainsky district of the Kirovograd region, around 230km south of Kyiv, and features an exploration target ranging 80 to 105Mt @ 1.1 to 1.4% Li2O.

Further exploration work at the Dobra project is anticipated, however the current geopolitical situation in Ukraine has the potential to hinder operations significantly for the foreseeable future.

European Lithium is managed under the watchful eye of an experienced team including Executive Chairman, Tony Sage, who has more than 35 years’ experience in corporate advisory services, funds management and capital raising predominantly within the resource sector.

Sage is based in Western Australia and has been involved in the management and financing of listed mining companies for the last 22 years, operating around the world including in Brazil, Romania, Russia, Sierra Leone, South Africa, Indonesia, China and Australia.

The Company CEO is Dietrich Wanke, who has many decades of experience in management at operational level for underground and open cut mines, and has managed mining operations through all phases, starting from greenfield exploration to full scale production as well as extension of existing mines.

KEY INVESTMENT HIGHLIGHTS

APRIL 19, 2022: Positive Interim Npv6 of A$862 Million shows Wolfsberg Lithium Project is very robust. APRIL 6, 2022: $30 Million placement to rapidly advance The Wolfsberg Lithium project cornerstoned by leading domestic and overseas investors. DECEMBER 22, 2021: European Lithium And Traxys Sign MOA For Wolfsberg Cooperation And Offtake Partnership.