GCIZinnwald Lithium reports significant progress at flagship lithium project in Germany
() , a European-focused lithium company released an operational update on recent activities at its flagship Zinnwald lithium project in Germany.
Zinnwald reported the completion of an 84-hole 27km infill drill campaign with positive results supporting the company's expectations of a significant increase in the size of the project's resource. Furthermore, ongoing drilling and mineral processing testwork supports inclusion of albite granite (AG) into the mineral resource estimate (MRE), expected to be published in Q4 2023.
Zinnwald reported average lithium mineralisation true widths within the AG zone with vertical thickness of 113 metres. The company has now commenced a mine design based on large-dimension lithological units. Zinnwald's regional exploration strategy involves acquiring a Bärenstein exploration license, acquiring of drill core and geological data from the previous holders of the Sadisdorf exploration license, and the start of further exploration drilling at Falkenhain.
A bankable feasibility study (BFS) remains targeted for early H1 2024.
View from Vox
Zinnwald continues to make good progress at its flagship lithium project near Dresden, Germany following its £18.75m fundraise in March. Based on progress so far, a significant increase in the size of the resource is expected in the coming months. Completing the drill campaign is a major milestone, which together with the expanded MRE, should form a solid foundation for the bankable feasibility study early next year.
Zinnwald also announced significant progress on the development of the beneficiation plant concept for its lithium project in conjunction with Metso. Metso was engaged to do a definitive feasibility study in early 2022, and since then the two companies have collaborated on developing a beneficiation process flowsheet based on a complete mineralogical study. Confirmatory mineral processing bench scale testwork by Metso has now been completed at Zinnwald, to be followed by pilot scale tests of the material, currently underway.
The partnership with Metso is intended to deliver the Zinnwald project as a one-stop shop, reducing the need for engagement with multiple suppliers. Zinnwald, situated in the heart of the European chemical and automotive industries, is designed to supply battery-grade lithium hydroxide (LiOH) to the EV battery sector. In Europe, 30 new gigafactories are planned by 2030, so rich lithium deposits like Zinnwald will be essential in meeting battery demand in the coming years.
Looking ahead, investors can expect several key milestones in the coming months. These include the publication of an updated MRE within the current quarter, ongoing metallurgical testwork, continued work on hydrogeological drill campaigns, detailed mining planning, and a BFS that brings all of these work streams together in H1 2024. Zinnwald Lithium remains well-financed with a current cash position of €16.6m.
Follow News & Updates from Zinnwald Lithium:
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.