REG - Zinnwald Lithium PLC - Start of Exploration Drilling at Falkenhain

Zinnwald LithiumAnnouncement

05/09/2022 07:00

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RNS Number : 1863Y  Zinnwald Lithium PLC  05 September 2022

Prior to publication, the information contained within this announcement was
deemed by the Company to constitute inside information as stipulated under the
UK Market Abuse Regulation. With the publication of this announcement, this
information is now considered to be in the public domain.

 

 

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

5 September 2022

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Start of Exploration Drilling at Falkenhain

 

Zinnwald Lithium plc, the German focused lithium development company, is
pleased to announce that it has started its exploration drilling programme on
its Falkenhain exploration license having received all necessary permits and
permissions from the appropriate authorities.

 

The Company's Falkenhain exploration licence is located 7km north from the
core Zinnwald Licence.  The licence area was historically extensively
explored for occurrences of tin and tungsten with drilling undertaken most
recently between 1963 and 1990. The Company has performed a detailed review of
the historic data including assaying samples of the surviving core from these
campaigns. The length of the greisen (lithium containing ore) intersections
and the Li-content indicate clear potential for a significant lithium
resource.  The Company has therefore designed an exploration drill campaign
of ten diamond drill holes to test the historic drill data and better
determine the resource potential of the licence.

 

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

 

Zinnwald Lithium CEO, Anton du Plessis, commented: "We are delighted to
start exploration drilling activity at Falkenhain. The license area is located
close to the Zinnwald Lithium Deposit, where an in-fill drilling programme is
also underway, and, if its potential can be proven, could represent important
upside for the broader Zinnwald Project."

 

*ENDS*

 

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

 

 Anton du Plessis    Zinnwald Lithium plc  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 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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