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Zinnwald Lithium Project

Strategic asset located in close
proximity to a thriving market
for lithium and energy projects

  • 44% equity investment in Zinnwald Lithium PLC (m/c ~£15m)
  • 35km from Dresden on the Czech Republic border in an historic granite hosted Sn/W/Li belt
  • Historically mined for tin, tungsten and lithium over the past 300 years
  • NI 43-101 FS confirmed strong economic potential:
    • NPV of €428 million; Pre-tax IRR of 27.4%; Average LOM annual EBITDA €58.5 million
  • Total Mineral Reserves (Proven and Probable) of 31.20 million tonnes of ore at a grade of 3,004 ppm containing 94 kt of contained lithium
RESOURCE CATEGORY TONNES (000) LI GRADE (PPM) CONTAINED LI (TONNES)
Measured 18,510 3,630 67,191
Indicated 17,000 3,399 57,783
Inferred 4,865 3,519 17,266
Total Mineral Resources 40,375 3,523 142,240

 

 

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