Zinnwald Lithium PLC (LSE:ZNWD, OTC:ZNWLF) told investors it has been granted a new exploration licence, Liebenau, supporting its flagship mine development project in Germany.
It spans 2,997 hectares and enables access to key areas needed for geotechnical and hydrogeological drilling to support the next phase of work.
“The Liebenau Licence is an important addition to our licence area, as it includes geological structures through which the planned tunnel connection between Zinnwald and the site of our planned processing plant and tailings storage facility will pass,” chief executive Anton du Plessis said in a statement.
“Our near-term plans for the licence will be to undertake the necessary geotechnical and hydrogeological drilling required to support our DFS work."