WR1 General Discussion, page-27118

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InItEarly

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24/03/24

20:13

Post #: 73034274
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Originally posted by triage: ↑

There's some more activity from another of the other explorers active on the Trieste Formation: Midland Exploration, which more significantly is partnering with Rio Tinto in exploring their slice of heaven. Early days yet but the potential is there for a cluster or string of lithium development and production projects along the Trieste Formation - Winsome, Azimut, Comet, Midland, Rio Tinto, Loyal - strength in numbers.

Here is a bit of background to explain how Midland's property relates to Adina:

"The Galinée project is located approximately 4 kilometres due east of the Adina showing held by Winsome. This showing is located at the contact between amphibolites of the Trieste Formation to the south and felsic intrusives to the north. This contact is marked by a major structure that likely controlled the emplacement of pegmatites at the Adina showing. This new discovery, on Galinée, of spodumene-bearing pegmatite dykes was made along the same highly favourable contact zone, which is present on the property over more than 7 kilometres, and which has never been explored for lithium in the past."

And here is part of the update from 20 March 2024: "Set to drill: A maiden $5.8M drilling program, to begin early April 2024, shall be targeting the Iceberg Showing on the Galinée Project. The Iceberg Showing consists of spodumene-bearing pegmatite dykes identified over at least 600 m strike length with high-grade grab samples grading up to 7.2 % Li2O".

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One more Triage cross promote in the Winsome forums. You're racking up plenty. How many shares do you have in Midland? Comet? Azimut?

All these nothing lifestylers wanting a piece of the Winsome largess. If they drill up an MRE, then they might have something to bring to the table. Otherwise, we really don't need anything they presently have. Maybe they should invest in exploring their tenements to add to value for their shareholders?

I like the fairytale you tell of Winsome teaming up with these lifestylers for a big payday. The reality is that there would be lots of upside for those lifestylers if that played out, at the expense of Winsome shareholders.

So respectfully, this Winsome shareholder will pass.

Last edited by InItEarly: 24/03/24

WR1 Price at posting: 87.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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