Winsome Resources' Adina Lithium Project Scoping Study

Winsome Resources Limited (ASX:WR1) has released a scoping study confirming the viability and quality of Québec's Adina Lithium Project. The study underpins a 21-year Life of Mine with forecast average annual production above 280,000t of Spodumene Concentrate over the 17-year Active Production Period. The completion of the study enables the company to advance discussions with potential strategic partners, including those in the Electric Vehicle battery materials supply chain.

Executive Commentary on Adina Lithium Project

The completion of the scoping study marks a significant milestone for Winsome Resources. We are pleased with the study's findings, which highlight the capital efficiency and long-term potential of the Adina Lithium Project. This positions us well to engage in discussions with potential strategic partners, particularly those involved in the Electric Vehicle battery materials supply chain. We are optimistic about the project's prospects and are focused on the next steps required for its development.

Overview of Adina Lithium Project

Winsome Resources Limited's scoping study has confirmed the viability and quality of the Adina Lithium Project, positioning it as one of the most capital-efficient new lithium projects in North America. The study underpins a 21-year Life of Mine with forecast average annual production above 280,000t of Spodumene Concentrate over the 17-year Active Production Period. The company is now focused on the next steps required for the development of the Adina Lithium Project, including the submission of a Preliminary Information Statement, new phase of marketing and financing discussions, completion of Renard due diligence process, optimization of the Scoping Study, and commencement of project studies targeting a Final Investment Decision in 2027. Winsome Resources holds a 100% interest in the Adina Lithium Project, including a mining lease and surface rights, and has an exclusive Call Option Agreement with Stornoway Diamonds Inc. to acquire assets or shares. The company is also evaluating various funding options and opportunities for project optimization, including geological modeling, process optimization, and infrastructure solutions.