Zinnwald Lithium PLC MOU to develop sustainable mining operation (8072E)
2022年11月1日 - 4:00PM
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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 info@zinnwaldlithium.com
David Hart Allenby Capital Limited
Freddie Wooding Nominated Adviser +44 (0) 20 3328 5656
Michael Seabrook Oberon Capital Ltd
Adam Pollock Broker +44 (0) 20 3179 5300
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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