Do you know if there is any further connection to EUC?
Mr. David Palumbo, the Non-Executive Director of HGM is also the company secretary of EUC.
Slovakia is the neighbour country of Austria. Austria IS NOT a 'visegrad state'. I am always cautious with 'visegrad states'-invests (much state influence). Look what happened to EMH when Babis was elected in the Czech Republic.
Sources:
https://www.investsmart.com.au/shares/asx-euc/european-cobalt-limited
http://highgrademetals.com.au/corporate/corporate-directory/
https://en.m.wikipedia.org/wiki/Visegr%C3%A1d_Group