Vision Lithium have now snapped up ground below WR1's tenements. I believe Winsome beat them to the race and they actually would have our Decelle's tenement as well, had we not got in first. This has all happened in a matter of months.
Vision Lithium already own the Cadillac tenement to the north of Winsome. and now also below us.
They conducted channel sampling, similar to rock chip sampling but instead using a rock saw and these are the results from Cadillac.
Decelle's remains practically unexplored and prospecing the property suggested the presence of several pegmatitic dikes. No prior lithium exploration was carried out.
Since the acquisition of the 332 claim Cadillac tenement, almost 1,300 new claims have been staked by third parties to the East, South (Winsome) and West of our property.
"The Decelles claims are located at the easten end of this recent staking frenzy. The whole are underlain by the Pontiac sediments which are intruded by a wide variety of intrusives".
The key now is to differentiate the dikes to find the lithium bearing pegmatitic dikes.
Note Winsome is in between the two locations in the image below
Managing Director Chris Evans said:
“There has been a great deal of lithium focused activity in the region surrounding our newly acquired
Decelles project recently, with several public and private companies making successful discoveries.
Recent staking minus Vision Lithium's addition to the south east.
Small widths but they have found significant lithium minerilaztion across the length of this dike so far, and contains spodumene, the highest percent lithium bearing mineral. T
he widths are irrelevant at this stage as it is very early exploration, the promising thing about this is that it is getting wider at depth.
Easy access for both companies to facilities in Val-d'Or for assay. 
Chris Evan's showed proactiveness in staking what looks to be a very impressive piece of land before Vision could get their hands on it. The location has previously been overlooked as it is not in line with the Quebec lithium structural corridor. The speed in which everything is happening in Quebec is also due to the governments support of lithium projects which has really encouraged explorers and developers over the last year.
Global recognition of Québec's appeal is manifest in the recent announcements of significant investments in the EV battery supply chain by BASF and General Motors - POSCO Chemical in the Province.This is not Vision's best tenement. They have a project (Godslith which looks to be a cracker) of which they are waiting on approvals to explore there. If i could invest in them i would as their market cap is a measly 37m and they picked up some great assets cheap when Nemaska Lithium went broke, not long after raising 500m from investors which same people say they did it in a corrupt way to bankrupt themselves and go private.
Nemaska lithium is now making a comeback. they have a large deposit in Canada and want to construct a Lithium Hydroxide plant 7-8 hours from Winsome tenements.
They own the Wabouchi lithium project which is just as big as James Bay (near cancet),
James bay 37mt proven/probable, at 1.3% (40Mt MRE). still open south and east, drilling Q1 this year but with a higher cut off grade to Wabouchi at 0.6%
Wabouchi 36.6 at 1.3%
James Bay in particular came out with a feasibility last year showing that it only requires $286 million, or $380m CAD including $47m in contigencies and overruns. They are also running a DMS process.
^^ THIS was at an average spodumene concentrate price of $1001USD over the LOM!
Update on pricing this month in April from James Bay owners AKE. Not from James Bay operations as it is still going through permitting.
Lithium carbonate
Strong market conditions continue to positively impact the price received for lithium carbonate from
the Olaroz Lithium Facility. The June quarter FY22 average price received for lithium carbonate is
expected to be approximately US$35,000/t FOB1 on sales of approximately 3,500 tonnes.
The preliminary March quarter FY22 sales price was approximately US$27,236/t FOB, 9% higher than
the previous guidance.
Spodumene
Similarly strong conditions in the spodumene market are supporting advanced discussions for
spodumene concentrate pricing in the June quarter of approximately US$5,000/t SC6% CIF on sales of
approximately 50,000 tonnes.
March quarter sales of spodumene concentrate were completed at a price of approximately
US$2,218/t SC6% CIF DMT which includes tonnes that were delayed from the December quarter.
Spodumene concentrate was between 5.5 to 5.7% Li2o and they received an average price of $2178 as per recent quarterly. Would love to think how the James Bay economics stack up now!
Gives you an idea of the potential Winsome has to develop a 25Mt at Cancet and what lies at Decelles, Adina and Sirmac!
I see a lot of talk on here about whether 15Mt or 25Mt is more likely. To be honest this is more to do with the cut off grade. 0.7% cut off and we could potentially realize 15Mt / 0.4% cut off will get us the 25Mt.
25Mt and a lower cut off being more likely given the fact minerilization starts from surface!
Not financial advice of course and we need good drilling results to confirm what MTC thought was possible there, as well as what Winsome believe is possible.
(20min delay)
