HIGHLIGHTS
The MRE upgrade significantly increases the global tonnage by 33% to 77.9 million tonnes (Mt) at an improved grade of 1.15% Li2O, with an increase of 37% in Lithium Carbonate Equivalent (LCE) to over 2.21 million tonnes LCE. Importantly the MRE now includes 61.4Mt at 1.14% Li2O in the higher confidence Indicated category as a result of the systematic drilling which has been carried out at Adina (refer Table 1 below for full details including the quantities of Indicated and Inferred material).
WINSOME’S MANAGING DIRECTOR CHRIS EVANS SAID:
“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.
“It’s important to emphasise the scale, tenor and metallurgical properties of Adina are equivalent to the tier one lithium assets globally.
“This is an exciting time for Winsome, the simultaneous implementation of our exploration, development and corporate strategies are achieving well planned and executed progress.
Also, it is a great pleasure to welcome Kim Nguyen to the Winsome team as VP Projects. Kim’s recent experience managing mine development projects within the James Bay region will prove to be a of huge benefit to Winsome and help us complete our due diligence and project studies in the coming months and years. I am also very pleased to be working with Walter Mädel again given his extensive relevant experience with lithium processing and DMS plants globally.
We look forward to updating our shareholders on the progress of our due diligence to acquire the Renard Operation, as well as our ongoing exploration and study activities.”
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