Zinnwald flags delay to revised resource estimate

21st Dec 2023 15:33

(Sharecast News) - Zinnwald Lithium updated the market on the progress of its revised mineral resource estimate (MRE) for the Zinnwald Lithium Project in Germany on Thursday.

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.