REG - Zinnwald Lithium PLC - Start of Drilling

Zinnwald LithiumAnnouncement

27/07/2022 07:00

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

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

 Liz Kirchner        (Nominated Adviser)
 Michael Seabrook    Oberon Capital Ltd    +44 (0) 20 3179 5300

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

 Catherine Leftley   (Financial PR)

 

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.

 

 

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