Zinnwald flags delay to revised resource estimate
Zinnwald Lithium
8.05p
09:24 05/11/24
Zinnwald Lithium updated the market on the progress of its revised mineral resource estimate (MRE) for the Zinnwald Lithium Project in Germany on Thursday.
FTSE AIM All-Share
736.60
10:15 05/11/24
Mining
11,865.95
10:14 05/11/24
The AIM-traded company said the revised MRE, although well underway, required additional work before being finalised.
As a result, it was now expected to be released in the first quarter of 2024.
Zinnwals previously said it anticipated that the incorporation of Albite granite mineralization within the revised MRE would lead to a significant expansion of the project's mineral resource base.
The expansion was expected to enhance the company's operational and production capacity potential.
At 1500 GMT, shares in Zinnwald Lithium were down 0.33% at 7.62p.
Reporting by Josh White for Sharecast.com.