Zinc of Ireland's Expansion into Lithium Exploration

Zinc of Ireland NL (ASX: $ZMI) has expanded its operations by acquiring a 1380km2 Lithium Exploration Project in the prolific Superior Province, Manitoba, Canada. Through its subsidiary Avignon Resources Pty Ltd (ARPL) Canada, the company has been granted seven Mining Claims covering 1792 Ha and six Mineral Exploration Licences, with an additional four MEL areas currently under application. Field exploration is scheduled to commence in May 2024, with a focus on identifying outcropping pegmatites and delineating suitable structural and lithological regimes for emplacement.

Executive Commentary on Lithium Exploration Expansion

ZMI's Chairman, Peter Huljich, expressed excitement about the company's entry into lithium exploration in Manitoba, highlighting the immense exploration potential of the province. He emphasized the strategic timing of the acquisitions, citing the increasing pace of LCT discoveries in the region. Huljich also mentioned the engagement process with the traditional owners in the exploration areas and the deployment of skilled teams for ground truthing targets and follow-up drilling.

Summary of Acquisition and Outlook

Zinc of Ireland's acquisition of the Lithium Exploration Project in Manitoba marks a significant milestone for the company as it ventures into a new sector with substantial potential. The company's focus on identifying outcropping pegmatites and delineating suitable structural and lithological regimes demonstrates a proactive approach to exploration. With the field exploration set to commence in May 2024, ZMI aims to leverage the expertise of its skilled team to progress the exploration. The company's engagement with traditional owners and the strategic timing of the acquisitions reflect a commitment to responsible and strategic expansion. The outlook for ZMI's foray into lithium exploration appears promising, considering the robust demand expectations for lithium driven by the growth in global electric vehicle sales.