Start of Drilling

RNS Number : 8247T

Zinnwald Lithium PLC

27 July 2022

 

Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining

27 July 2022

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Start of Drilling

Zinnwald Lithium plc, the German focused lithium development company, is pleased to announce that it has started its in-fill drill programme at the Zinnwald Lithium Deposit having received all necessary permits and permissions from the appropriate authorities.

The purpose of the in-fill drilling programme is to assist in defining the detailed early years operational mine plan and explore the potential of applying larger scale mining methods. The ultimate aim is to accommodate greater mining capacity for expanded lithium product output. 

The Company is looking forward to making progress with the drill programme in the coming months.

Zinnwald Lithium CEO, Anton du Plessis, commented:   "We are delighted to start in-fill drilling activity at our key Zinnwald Lithium Deposit, as we look to firm up the mine plan and economics of this exciting integrated lithium hydroxide project.  Supported by SRK Consulting (UK) Ltd, results from this programme will used in a new bankable feasibility study, which we are aiming to deliver by the end of 2023."

*ENDS*

 For further information visit www.zinnwaldlithium.com or contact:

Anton du Plessis Cherif Rifaat	Zinnwald Lithium plc	[e-mail]
David Hart Liz Kirchner	Allenby Capital (Nominated Adviser)	[phone]
Michael Seabrook	Oberon Capital Ltd (Broker)	[phone]
Isabel de Salis Catherine Leftley	St Brides Partners (Financial PR)	[e-mail]

Notes

AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focussed on becoming an important supplier of lithium hydroxide to Europe's fast-growing battery sector. The Company owns 100% of the integrated Zinnwald Lithium Project in Germany, which has an approved mining licence and is located in the heart of Europe's chemical and automotive industries.

 

END

 

 

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