How is Winsome Resources Expanding Its Lithium Footprint in Quebec?

Winsome Resources has announced significant drilling results at the Adina Lithium Project in Quebec, Canada, indicating the presence of shallow, high-grade lithium mineralization extending beyond the previously defined Mineral Resource Estimate (MRE). The company's strategic shift from exploration to project development highlights its commitment to advancing Adina towards production, supported by a recent $25 million capital raise.
Exploration Drilling Extends Mineralization Beyond MRE

Winsome Resources has reported promising results from its recent exploration drilling at the Adina Lithium Project, located in the Eeyou Istchee James Bay region of Quebec. The drilling campaign, which targeted areas outside the current Mineral Resource Estimate (MRE), confirmed the presence of significant lithium mineralization across a 3km strike length from Adina Main through to Adina East.

Key intercepts from the exploration drilling include:

AD-24-192: 15. 3 meters at 3. 30% Li2O from 179.

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2 meters
AD-24-200: 17. 3 meters at 1. 80% Li2O from 302. 5 meters
AD-24-211: 16. 0 meters at 2. 15% Li2O from 82. 3 meters
AD-24-227: 15. 3 meters at 1. 35% Li2O from 38. 3 meters

These results demonstrate the continuity of high-grade mineralization along the entire strike length, particularly in the easternmost holes, which show some of the best recent intersections.

Focus Shifts to Project Development

Following the updated MRE of 77. 8Mt at 1. 15% Li2O announced in Q2 2024, Winsome Resources has transitioned its focus from exploration to project development. The company's current activities include advanced project studies and the drafting of a project notice for lodgement in Quebec. These efforts are supported by environmental and infrastructure studies, which are progressing as planned to facilitate permit submissions.

Drilling has also been redirected towards collecting geotechnical, hydrological, and metallurgical data, which will be instrumental in mine planning and process plant design. Despite the shift in focus, Winsome continues to explore new targets through lower-cost summer fieldwork, laying the groundwork for future drilling campaigns in the winter season.

Resource Delineation Drilling Reinforces High-Grade Zones

Resource delineation drilling at Adina Main has successfully better defined high-grade zones within the Footwall Zone (FWZ) of the MRE. Significant results include:

AD-24-215: 28. 8 meters at 1. 47% Li2O
AD-24-209: 21. 0 meters at 1. 22% Li2O
AD-24-214: 14. 1 meters at 1. 52% Li2O

Additionally, near-surface mineralization in the Main Zone was intersected in these holes, further enhancing the project's potential.

Strategic Position Strengthened by Financial Stability

With a solid cash position following a $25 million capital raise in Q2 2024, Winsome Resources is well-capitalized to advance the Adina project through its development phases. The company is also focused on prudent capital management, ensuring that resources are efficiently allocated as the project moves towards production.

Next Steps and Strategic Outlook

As Winsome Resources progresses towards production at Adina, the company is set to continue its exploration efforts, particularly in areas that remain open and under-explored. The strategic extension of the Renard Option allows Winsome to fully evaluate all available data, ensuring well-informed decision-making regarding future development opportunities.

The upcoming winter drilling season, supported by ongoing lower-cost exploration, is expected to further expand the project's resource base and strengthen Winsome's position as a key player in the lithium sector.

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