REG - Zinnwald Lithium PLC - MOU to develop sustainable mining operation

Zinnwald LithiumAnnouncement

01/11/2022 07:00

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RNS Number : 8072E  Zinnwald Lithium PLC  01 November 2022

 

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

1 November 2022

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

 

MOU with Epiroc to develop a low-cost, sustainable mining operation

 

Zinnwald Lithium plc, the German focused lithium development company, is
pleased to announce that it has signed a Memorandum of Understanding ("MOU")
with Epiroc Rock Drills AB ("Epiroc") to collaborate in the development of a
state-of-the-art mine at its 100% owned Zinnwald Lithium Project (the
"Project") in Germany.

 

Sweden based Epiroc is a leading productivity and sustainability partner for
the mining and infrastructure industries.  With ground-breaking technology,
it develops and provides innovative and environmentally friendly equipment,
such as drill rigs, rock excavation and construction equipment and tools for
surface and underground applications. It also offers world-class service and
other aftermarket support as well as solutions for automation, digitalisation,
and electrification.

 

Under the terms of the non-binding MOU, Zinnwald Lithium and Epiroc will
develop plans to implement high-end technology and deliver a low-cost mining
operation focused on minimising CO(2) emission. With an approved mining
licence, the Project is designed to be a long-life underground lithium mine
with associated processing facilities, enabling the Company to become an
important local supplier of battery grade lithium hydroxide to the European
battery sector.

 

Zinnwald Lithium CEO, Anton du Plessis, commented: "Our vision is to build a
world-leading, highly economic mine that adheres to the highest environmental
standards; attracting Epiroc as a partner, which shares this ethos and brings
with it considerable experience and technology, is a further step towards
achieving this goal. By optimising mine design and material flow for
electrification and automation, our joint focus is on fossil free exploration
and mining, sustainability, and circular economy, including the use of
battery-operated underground mining equipment as well as loading and haulage
machinery.  We look forward to providing updates as our plans advance."

 

*ENDS*

 

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

 

 Anton du Plessis    Zinnwald Lithium plc      info@zinnwaldlithium.com (mailto:info@zinnwaldlithium.com)
 David Hart          Allenby Capital Limited   +44 (0) 20 3328 5656

 Freddie Wooding     Nominated Adviser
 Michael Seabrook    Oberon Capital Ltd        +44 (0) 20 3179 5300

 Adam Pollock        Broker
 Isabel de Salis     St Brides Partners Ltd    zinnwald (mailto:zinnwald@stbridespartners.co.uk) @stbridespartners.co.uk

                         (mailto:zinnwald@stbridespartners.co.uk)
 Catherine Leftley   Financial PR

Notes

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

 

 

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