Anton du Plessis, CEO of Erris Resources #ERIS discusses their proposed acquisition of a lithium project in Germany

Episode 37,   Oct 09, 2020, 01:28 PM

Anton du Plessis, CEO of Erris Resources #ERIS discusses their proposed acquisition of a lithium project in Germany, their name change and management re-structure.

Anton du Plessis, CEO of Erris Resources #ERIS discusses their proposed acquisition of a lithium project in Germany, their name change and management re-structure.

The Zinnwald Lithium Project in Germany is a late-stage lithium project Located in the heart of Europe's chemical and automotive industries. A September 2020 Feasibility Study on the Project estimated a pre-tax, discounted at 8%, NPV of approximately €428 million; an Internal Rate of Return ('IRR') of 27.4%; and an average LOM (life of mine) annual EBITDA of €58.5 million.

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