Zinnwald Lithium PLC MOU to develop sustainable mining operation (8072E)

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RNS Number : 8072E

Zinnwald Lithium PLC

01 November 2022

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

1 November 2022

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

MOU with Epiroc to develop a low-cost, sustainable mining operation

Zinnwald Lithium plc, the German focused lithium development company, is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Epiroc Rock Drills AB ("Epiroc") to collaborate in the development of a state-of-the-art mine at its 100% owned Zinnwald Lithium Project (the "Project") in Germany.

Sweden based Epiroc is a leading productivity and sustainability partner for the mining and infrastructure industries. With ground-breaking technology, it develops and provides innovative and environmentally friendly equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. It also offers world-class service and other aftermarket support as well as solutions for automation, digitalisation, and electrification.

Under the terms of the non-binding MOU, Zinnwald Lithium and Epiroc will develop plans to implement high-end technology and deliver a low-cost mining operation focused on minimising CO(2) emission. With an approved mining licence, the Project is designed to be a long-life underground lithium mine with associated processing facilities, enabling the Company to become an important local supplier of battery grade lithium hydroxide to the European battery sector.

Zinnwald Lithium CEO, Anton du Plessis, commented: "Our vision is to build a world-leading, highly economic mine that adheres to the highest environmental standards; attracting Epiroc as a partner, which shares this ethos and brings with it considerable experience and technology, is a further step towards achieving this goal. By optimising mine design and material flow for electrification and automation, our joint focus is on fossil free exploration and mining, sustainability, and circular economy, including the use of battery-operated underground mining equipment as well as loading and haulage machinery. We look forward to providing updates as our plans advance."

*ENDS*

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

 
 Anton du Plessis      Zinnwald Lithium plc       [e-mail] 
 David Hart            Allenby Capital Limited 
  Freddie Wooding       Nominated Adviser         [phone] 
 Michael Seabrook      Oberon Capital Ltd 
  Adam Pollock          Broker                    [phone] 
 Isabel de Salis       St Brides Partners Ltd     zinnwald @stbridespartners.co.uk 
  Catherine Leftley     Financial PR 
 

Notes

AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focused 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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November 01, 2022 03:00 ET (07:00 GMT)