Anbei die angekündigte Research Studie der First Berlin Research. Basierend auf der unter dem JORC-CODE berichteten Resourcen-Größe von 6,3m Tonnen ergibt sich bereits jetzt ein Price-Target von 0,19€, welches bei entsprechender Anpassung der JORC Resourcengröße (im ersten Schritt auf die bekannten ca. 11m Tonnen – im zweiten nach den Ergebnissen der Bohrungen in Zone 2) angepasst werden wird:

Scope for higher price target on increased resource estimate expected by end 2018

Our valuation of €0.19 per share is based solely on EUR’s current JORC (2012) resource

estimate of 2.86m measured tonnes grading 1.28% Li2O and 3.44m indicated tonnes

grading 1.08% Li2O located in Zone 1 of the deposit. Zone 1 corresponds to the northern

limb of the anticline at the Wolfsberg project. The southern flank of the anticline (known as

Zone 2) is also a prospective area as is indicated by the occurrence of mineralised

pegmatites and exactly the same lithology as Zone 1. EUR is currently drilling Zone 2 and is

also planning further Zone 1 exploration. In Zone 1 the intention is to explore further the

down-dip inferred part of the resource and the high grade veins discovered last year close to

surface in a previously unexplored area. We expect the definitive feasibility study (DFS) due

by the end of 2018 to incorporate an upgrade in inferred resources to measured or indicated

and an increase in the overall measured and indicated resource volume to over 10m tonnes.

We will raise our price target in line with upgrades/increases in the resource estimate.

First Berlin kommt somit zu ähnlichen Ergebnissen wie die im April 2017 veröffentlichte SRK Studie, da sich die Veränderung der Resourcengröße ca. 1:1 auf das Price Target übertragen lässt.

Beste Grüße!

Stefan Müller

CEO/Geschäftsführer

Beste Grüße, EUROPEAN LITHIUM Investor Relations

Stefan Müller, Aufsichtsratsmitglied European Lithium (Fotocredit: Michaela Mejta for photaq.com), (© Michaela Mejta)

Stefan Müller

DGWA, the German Institute for Asset and Equity Allocation and Valuation - one of the leading German Corporate Boutiques for global small and mid-cap consulting and investments.

>> http://www.DGWA.org