Winsome Resources progresses Adina lithium project scoping study

Winsome Resources Limited (ASX:WR1) has made significant progress with its Adina Lithium Project, as indicated in the scoping study presented in the investor presentation dated September 2024. The company, with exclusive option to acquire the Renard Production Facility, is set to achieve an average annual production capacity of 282kt SC5.5% with a low start-up capital expenditure of US$259 million. The scoping study highlights a 21-year life of mine, a low phase 1 strip ratio of 1:1, and a robust NPV of C$1,003 million (US$743 million) with an 8% real, post-tax basis.

Executive Commentary on Adina Lithium Project Scoping Study

The scoping study for the Adina Lithium Project demonstrates the significant potential and robust economics of the project. With a low start-up capital expenditure and competitive operating costs, the project is well-positioned to contribute to the global lithium supply chain. The study's outcomes, including the 21-year life of mine and the strong NPV and IRR, underscore the project's viability and potential for long-term success. The company's exclusive option to acquire the Renard Production Facility further enhances the project's prospects, providing a low-risk pathway to production and reducing permitting, approval, and financial risks.

Summary of Adina Lithium Project Scoping Study

Winsome Resources' progress with the Adina Lithium Project, as outlined in the scoping study, reflects a promising outlook for the company. The study highlights the project's potential to achieve a 282kt annual production capacity SC5.5% with a low start-up capital expenditure, positioning it as one of the most capital-efficient projects in North America. The robust NPV, IRR, and competitive operating costs further reinforce the project's economic strength. Additionally, the exclusive option to acquire the Renard Production Facility offers a low-risk pathway to production, reducing permitting, approval, and financial risks. Overall, the scoping study underscores the company's ambitions to establish a significant presence in the global lithium supply chain and its commitment to delivering long-term value to its stakeholders.