Shares in Zinnwald Lithium PLC (LSE:ZNWD, OTC:ZNWLF), a German lithium development company, jumped 4.2% following positive results from a drilling report on its Falkenhain license.
The results indicate the potential for a significant lithium resource that could provide feed to the company's integrated lithium hydroxide project.
The assay results showed significant high-grade lithium, tin, and tungsten mineralisation, with CEO Anton du Plessis expressing excitement at the potential for the resource to become an "exciting adjunct" to the Zinnwald Project.
The company is currently working towards completing a Bankable Feasibility Study by the end of 2023.
In early trade, the stock was up 0.28p at 6.98p.