Winsome Resources (ASX:WR1)
This James Bay-focused (Quebec, Canada) $244m market capper is in the green today after announcing a significant increase of the Mineral Resource Estimate (MRE) at its Adina lithium project.
It’s talking a 33% increase to 77.9 million tonnes with a higher-grade lithium content to boot – at 1.15% Li2O.
It’s a big upgrade, with an uptick in lithium carbonate equivalent (LCE) to 2.21Mt Lithium and, says the company, confirms Adina’s positioning as “one of the largest undeveloped lithium deposits in the world”.
The company notes, too, that 61.4Mt at 1.14% Li2O in the higher confidence Indicated category derived from systematic
drilling is a strong foundation for long-life project feasibility studies.
Winsome’s MD Chris Evans is upbeat, stating:
“The update to the MRE affirms the significance of our global resource and solidifies our position and strategic location at the heart of the green energy industry and EV supply chain in North America.
“To increase the resource by almost 20Mt while also enhancing our grade and resource category is an exceptional outcome from our latest phase of systematic drilling. In particular the grade which has been defined close to surface in the Main Zone is a key advantage as we progress the Adina Lithium Project.”
Tier 1 vibes.
Winsome Resources (ASX:WR1) This James Bay-focused (Quebec,...
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58.5¢ |
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Mkt cap ! $126.5M | |||
| Open | High | Low | Value | Volume |
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