WR1 6.85% 68.0¢ winsome resources limited

Ann: Assay Results Confirm Strong Lithium Mineralisation Adina, page-81

  1. 1,251 Posts.
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    Regarding PMET comparisons:

    I'm almost certain Corvette will be bigger than Adina.

    But WR1 has two flagship projects being developed simultaneously, both shallow, both on dry land, both likely low capex & opex, and both imo at this point will almost certainly be mined.

    Cancet is the simplest and easiest of the three deposits. Right on a highway, shallow, amazing grades. Also possibly the best met test results out there, so definitely a DMS-only flowsheet. It's also an advanced project, which has been worked on since 2017 (under MTC)

    I think WR1 will get into production earlier at both sites, and rate of production between Corvette vs Cancet + Adina together will work out to be very similar.

    For me the major turning point for WR1 was hiring SB (ex-CXO MD) as confirmation WR1 will be prioritizing speed over size. You only need a few million tonnes of reserve to start printing cash at high, high margins.
 
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