Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining

25 June 2025

Zinnwald Lithium plc ('Zinnwald Lithium' or the 'Company')

AGM Statement

Zinnwald Lithium plc, the European focused lithium company developing the integrated Zinnwald Lithium Project (the 'Project') in Germany, is holding its Annual General Meeting ("AGM") today.  In his address to shareholders, CEO, Anton du Plessis, will deliver the following statement:

"We continue to make good progress at our integrated lithium hydroxide ("LiOH") project in Saxony, which we believe ranks among Europe's most strategically significant lithium assets. The Pre-Feasibility Study ("PFS") published in March 2025 reinforced this view, demonstrating the potential for our LiOH production plans to support the electrification of over one million electric vehicles annually. The study also outlined a compelling post-tax NPV of €2.2 billion, an IRR approaching 20%, and projected cumulative cash flows of €12.1 billion over a mine life of more than 40 years.

"That said, broader market conditions remain challenging. Although the lithium market is expected to enter a supply deficit towards the end of the decade, current investor sentiment across the sector is subdued. In this context, we were pleased to successfully complete our recent c.£3.4 million fundraise, which received strong support from our core shareholders including AMG Lithium and new investors. This endorsement reflects confidence in the long-term potential of our Project, which is expected to come into production as the lithium deficit emerges.

"Given the current market backdrop, our relationship with the Saxon State Government is more important than ever. We are therefore especially grateful for its recent designation of the Project as one of 'outstanding importance' - a recognition that highlights its economic and strategic value to the region and to Europe's energy transition. Combined with our deep-rooted regional partnerships, this provides a solid foundation as we focus on optimising our plans, building strategic alliances, and progressing development.

"Community engagement remains central to our strategy, ensuring local stakeholders play a meaningful role in shaping what we aim to be one of the world's most sustainable lithium projects. In line with this, our underground mine design minimises surface impact, while our low-energy, low-waste process reinforces our commitment to responsible development. Notably, although future production could exceed 35,000 tonnes annually ('tpa'), operations will remain within the 18,000 tpa Phase 1 footprint. Furthermore, a 9km underground tunnel linking the mine to the processing plant will eliminate the need for surface transport, significantly reducing noise, traffic, and environmental disruption.

"On behalf of the Board, I would like to thank our shareholders, employees, and local communities for their continued support at this pivotal stage in Zinnwald Lithium's journey."

Note: A recorded presentation of the Company's latest corporate update, delivered by CEO Anton du Plessis, is now available on Zinnwald Lithium's dedicated investor hub: https://investors.zinnwaldlithium.com/.

*ENDS*

For more information on Zinnwald Lithium, please visit www.zinnwaldlithium.com, join its investor community at investors.zinnwaldlithium.com/auth/signup, or submit questions to its management team via investors.zinnwaldlithium.com/s/92fa2f.

https://investors.zinnwaldlithium.com/activity-updates/2025-AGM-Zinnwald-Corporate-Update.

Notes

AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focused on becoming an important supplier of lithium hydroxide to Europe's fast-growing battery sector. The Company owns 100% of the Zinnwald Lithium Project in Germany, which has an approved mining licence, is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's more advanced battery grade lithium projects.