WR1 General Discussion, page-4002

For those that want to do further research.

Vision has a property in Sirmac which is adjacent to Winsome. Talk of DSO (direct shipping ore) with a resource of only 300,000t.

Key points being..

shorter permitting time.
Vision lithium speaks of permitting being MUCH easier given its raised. It's a hill. Much like Adina.

No tailings dam, camp or lots of infrastructure.
simple processing - blasting and putting on trucks. Much like a quarry.

Companies are using this as a way to fund capex.

The likes of Leo lithium, CXO are going down this route while constructing DMS plants as a way to generate cash flow.

Interesting he doesn't mention flow through funding.

Plenty of options for Winsome over their large land holding to DSO small resources and fund a DMS plant at Cancet and Adina or generate cash without necessarily proving up a big resource and spending a lot on drilling.