Saxony, Germany – [21 Feb 2024 07:00] – Zinnwald Lithium plc is thrilled to announce a significant upgrade to its Mineral Resource Estimate (MRE) at the 100% owned Zinnwald Lithium Project in Saxony, Germany.
Key Highlights:
445% increase in tonnage and 243% increase in contained lithium in Measured and Indicated categories compared to 2018 MRE.
Second largest hard rock lithium resource in the EU by both size and contained lithium.
The inclusion of a broader mineralized granite zone boosts potential production rates and project economics.
CEO Quote:
“This substantial increase in our Mineral Resource establishes Zinnwald as a strategically important project of scale within the EU,” said Anton du Plessis, CEO of Zinnwald Lithium. “The wider mineralized zone allows for more efficient mining techniques, potentially further increasing lithium production beyond our 2022 PEA projections.”
Additional Notes:
The updated MRE incorporates 26,911 meters of new drilling across 84 holes and a revised geological model.
The statement was prepared by Snowden Optiro Ltd in accordance with NI 43-101 standards.
About Zinnwald Lithium plc
Zinnwald Lithium plc is a European-focused lithium company developing the Zinnwald Lithium Project, with the goal of becoming a leading domestic supplier of lithium hydroxide to the European battery industry.
