LykeShares
ASX Mining News
Sign up
Login
Sign Up
(current)
Watchlist
Feedback
Advertise With Us
Profile
Home
Search
Watchlist
Advertise
Feedback
Profile
How Has Winsome Resources' Adina Project Grown According to the Quarterly Report? — ASX:WR1| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$WR1
How Has Winsome Resources' Adina Project Grown According to the Quarterly Report?
Winsome Resources: Spearheading the Lithium Revolution in Quebec
In Quebec, Canada, Winsome Resources Limited is making waves in the global energy sector. With its Adina Lithium Project, the company is not just mining lithium; it's paving the way for a cleaner, greener future.
Maiden Mineral Resource: A Lithium Behemoth Emerges
The revelation of the Maiden Mineral Resource at Adina, boasting 59Mt at 1.12% Li2O, marks a pivotal moment in lithium exploration. This discovery, classified in the Inferred category, is a testament to the vast potential of the Adina Lithium Project, positioning Winsome as a significant player in the global lithium supply chain.
The Lithium Carving: Analyzing the Resource
With a contained tonnage of 1.62Mt Lithium Carbonate Equivalent (LCE), the resource spans an east-west distance of around 1.43km, nestled in the center of a broader 3.1km strike length of mineralization. This resource was meticulously compiled by external consultants in collaboration with Winsome's technical team, ensuring a
...
See More
robust and comprehensive geological interpretation.
The Drilling Crusade: Unveiling Adina
The December quarter was marked by an intensive drilling campaign, with over 28,000 meters drilled and five active rigs at the time of reporting. This large-scale operation highlights Winsome's commitment to expanding and deepening its understanding of Adina's lithium potential.
The Adina Main Zone: Expanding the Lithium Landscape
The Main Zone of the Adina Lithium Project continues to reveal its treasures, with assay results expanding the strike length of mineralization to 1,340m. This expansion is the result of systematic drilling, which has consistently yielded high-grade lithium results, further solidifying Adina's position as a premier lithium resource.
The Footwall Zone: A Vein of High-Grade Lithium
The Footwall Zone at Adina has emerged as a significant area of interest, following high-grade assay results. This zone offers substantial scope for continuity and expansion, pointing to a larger, more expansive lithium resource than initially anticipated.
The Footwall Zone in Numbers
Drilling results from the Footwall Zone have consistently shown impressive lithium grades, reinforcing the zone's potential as a key component of the Adina Lithium Project. These results include high-grade intercepts such as 1.79% Li2O over 10.2m and 1.53% Li2O over 4.8m, among others.
Quebec Footprint Expansion: Strategic Growth
In a strategic move, Winsome expanded its Quebec footprint with the acquisition of the Jackpot Property. This acquisition not only increases Winsome's resource base but also enhances its potential for further lithium discoveries in the region.
Tilly Exploration: A New Frontier
Winsome's exploration efforts at Tilly have led to the discovery of a significant pegmatite outcrop. Initial channel sampling returned promising results, such as 7m at 1.43% Li2O, indicating the presence of a potentially lucrative lithium resource.
Capital Raise: Fuelling Future Growth
The company's successful capital raise of A$34m at $2.38 per share, utilizing Canadian Flow Through Shares, has fortified its financial position. This move ensures Winsome is well-equipped to continue its ambitious drilling and exploration activities throughout 2024 and beyond.
Health & Safety: A Commitment to Excellence
In response to the expansion of operations and the addition of a fifth drill rig, Winsome has bolstered its health and safety measures. The appointment of additional Health and Safety specialists, along with the establishment of a full-time paramedic station, demonstrates the company's unwavering commitment to the safety and well-being of its team.
Looking Forward: Winsome's Roadmap to Success
Winsome Resources Limited stands at the forefront of the lithium exploration frontier. With its expansive drilling campaigns, strategic expansion in Quebec, and unwavering commitment to health and safety, Winsome is not just exploring for lithium – it's setting a new standard in the mining industry. As the company advances its projects, it continues to solidify its position as a key player in the global shift towards sustainable energy solutions.
... View
1 Like
0 Reply
?
L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
430 Views
2 Likes
0 Reply
?
L
Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
...
See More
rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
415 Views
1 Like
0 Reply
?
L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
430 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
320 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
306 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
295 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
1.1k Views
1 Like
0 Reply
?
Loading more...
Popular Stocks 🚀
Downer Edi Limited
ASX:DOW | Commercial & Profes…
602
Akora Resources Limited
ASX:AKO | Materials
401
Infratil Limited.
ASX:IFT | Capital Goods
279
Bass Oil Limited
ASX:BAS | Energy
255
Apiam Animal Health Limited
ASX:AHX | Health Care Equipme…
490
Show more