Business
Grant of New Exploration Licence at Liebenau
Grant of New Exploration Licence at Liebenau.
About this update from Zinnwald Lithium Plc
[{"type":"text","content":"\n\nZinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining\n7 April 2025\nZinnwald Lithium plc\n('Zinnwald Lithium' or the 'Company')\n \nGrant of New Exploration Licence at Liebenau\n \nZinnwald Lithium plc, the European focused lithium company developing the advanced Zinnwald Lithium Project (the 'Project') in Germany, is pleased to announce that its 100%-owned subsidiary, Zinnwald Lithium GmbH, has been granted an additional exploration licence (the 'Liebenau Licence') covering approximately 2,997 hectares ('ha') in the Erzgebirge region of Saxony, Germany. The Liebenau Licence covers the area identified in the Company's recently published Pre-Feasibility Study ('PFS') as the site for the planned processing plant for the Project. The Liebenau Licence extends Zinnwald Lithium's continuous licence coverage from its main ore body in Zinnwald to Liebenau.\n \nHIGHLIGHTS\n· Completes the licence coverage area for the Project's planned operations identified in the PFS and includes the site identified for the processing plant and tailings storage facility.\n· Adds a substantial land area to the mineral exploration titles of the Company in the region that now stands at combined 12,933 ha.\n· Facilitates the ability to access sites required for geo-technical and hydrogeological drilling to support the Project's next phase of work to complete a Definitive Feasibility Study ('DFS'). \n· Potential to further expand the Company's lithium resources which could ultimately contribute to production.\n· The location of the Liebenau Licence is based on the boundaries of previously granted exploration licences and takes into account the findings of extensive exploration work by the state geological institutions of the former GDR and the data obtained therein. These indicate that granite- and greisen-associated Li-Sn-W mineralisation extend into the proposed exploration area.\n· The Company has recently published a PFS 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. \n \nZinnwald Lithium CE...