REG - Zinnwald Lithium PLC - Saxon Govt Deems Project of Outstanding Importance

Zinnwald LithiumAnnouncement

02/04/2025 07:04

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RNS Number : 2417D  Zinnwald Lithium PLC  02 April 2025

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

2 April 2025

Zinnwald Lithium plc

('Zinnwald Lithium' or the 'Company')

 

Zinnwald Lithium Recognised as "a Project of Outstanding Importance" by Saxon
State Government

 

Zinnwald Lithium plc, the European focused lithium company developing the
integrated Zinnwald Lithium Project (the 'Project') in Germany, is pleased to
announce that the Saxon State Government has reaffirmed its strong support for
the Project, emphasising its strategic significance in securing a sustainable
and independent lithium supply for the Free State of Saxony, the Federal
Republic of Germany, and Europe as a whole.

 

Zinnwald Lithium recently published a Pre-Feasibility Study for the Project
that showed a pre-tax NPV of €3.3 billion and IRR of 23.8% on a phased
project initially producing 18,000 tonnes per annum of lithium hydroxide
scaling up to a peak production of 35,100 tonnes with a mine life in excess of
40 years.  This confirms the Project's economic viability and paves the way
for further project planning and development.

 

In a press release published today by the Saxon State Chancellery, Saxony's
Economics Minister, Dirk Panter, reiterated the government's commitment to the
Project, stating:

 

"Especially in light of increasing international tensions, reducing raw
material dependence is crucial for Saxony, Germany, and the EU. The Zinnwald
Lithium project plays an outstanding role in this effort. Ensuring an
independent and sustainable supply of critical raw materials like lithium is
vital for Saxony's competitiveness as an industrial hub and for the
transformation of the mobility and energy sectors."

 

Minister Panter also emphasised the importance of international investment in
large-scale projects such as Zinnwald Lithium and welcomed the Company's
successful demonstration of the Project's economic feasibility, which
highlights the attractiveness and economic significance of raw material
extraction in Saxony and Germany.

 

The Minister further confirmed that the Saxon government will actively support
the Project and has designated it a high priority. This commitment is formally
acknowledged in the coalition agreement between the CDU and SPD in the Free
State of Saxony. Additionally, the Saxon State Government remains committed to
advocating at the federal level for strong support of lithium mining in
Saxony, reinforcing the Project's status as a key initiative.

 

Anton du Plessis, CEO of Zinnwald Lithium, said: "We are delighted to receive
this official recognition from the Saxon State Government, which underscores
the importance of our project in helping to secure a sustainable supply of
lithium for Germany and the EU. Its commitment to supporting the Project at
both state and federal levels further strengthens our confidence in bringing
the Zinnwald Lithium Project to fruition. We look forward to continuing our
close collaboration with the authorities and stakeholders as we advance our
plans to become a key supplier of lithium to the European battery and electric
vehicle sectors."

 

The press release by the Saxon State Chancellery can be found at:

https://www.medienservice.sachsen.de/medien/news/1085956
(https://www.medienservice.sachsen.de/medien/news/1085956)

 

*ENDS*

 

To engage with us directly via our investor hub, please sign up at

https://investors.zinnwaldlithium.com/auth/signup
(https://investors.zinnwaldlithium.com/auth/signup)

 

 For further information visit www.zinnwaldlithium.com
(http://www.zinnwaldlithium.com/)  or contact:

 

 Anton du Plessis       Zinnwald Lithium plc  info@zinnwaldlithium.com (mailto:info@zinnwaldlithium.com)

 Cherif Rifaat
 David Hart             Allenby Capital       +44 (0) 20 3328 5656

 Dan Dearden-Williams   (Nominated Adviser)
 Michael Seabrook       Oberon Capital Ltd    +44 (0) 20 3179 5300

 Adam Pollock           (Joint Broker)
 Richard Greenfield     Tamesis Partner LLP   +44 (0) 20 3882 2868

 Charles Bendon         (Joint Broker)
 Isabel de Salis        St Brides Partners    zinnwald@stbridespartners.co.uk (mailto:zinnwald@stbridespartners.co.uk)

 Paul Dulieu            (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, is located in the heart
of Europe's chemical and automotive industries and has the potential to be
one of Europe's more advanced battery grade lithium projects.

 

 

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