7th Apr 2025 14:22
(Alliance News) - Zinnwald Lithium PLC on Monday said subsidiary Zinnwald Lithium GmbH has been granted an additional exploration licence for the Zinnwald lithium project.
The Europe-focused developer of the integrated Zinnwald lithium project, in Saxony on the German-Czech border, said the Liebenau licence covers around 2,997 hectares in the Erzgebirge region, which was identified as the site for a planned processing plant in a recent pre-feasibility study.
Zinnwald intends to use the license to access sites required for geo-technical and hydrogeological drilling in order to support the completion of a definitive feasibility study, the project's next phase.
The land area accessible to Zinnwald in the region now stands at a combined 12,933 hectares.
"The Liebenau Licence is an important addition to our licence area, as it includes geological structures through which the planned tunnel connection between Zinnwald and the site of our planned processing plant and tailings storage facility will pass," said Chief Executive Officer Anton du Plessis.
"The new licence complements our existing licence holdings by ensuring we have exploration and access rights for the entire area envisioned for the Project's development. Our near-term plans for the licence will be to undertake the necessary geo-technical and hydrogeological drilling required to support our DFS work."
Shares in Zinnwald Lithium were down 7.8% at 5.53 pence in London on Monday afternoon. The stock is down 2.1% over the past year.
By Emily Parsons, Alliance News reporter
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