
January 30, 2023
Winsome Resources Limited (ASX:WR1; “Winsome” or “the Company”) is pleased to present its investor presentation.
HIGHLIGHTS
1. High Grade, thick mineralized intersections drilled
Recent drilling success showing 1.34% Li2O over 107.6m from 2.3m to 109.9m at Adina 1
2. Quality asset portfolio
Five hard- rock lithium assets in Quebec, Canada
3. Government support
Low sovereign r is k in an established tier one m ining region with Canadian government providing major tax incentives for mining exploration
4. Hydro- power access
Ready access to Quebec’s world class hydro- power infrastructure
5. Flagship projects still to release maiden resource
The Company’s flagship Cancet & Adina projects maiden resource scheduled for 2023
6. Cornerstone industry investment
Strategic support from Lithium Royalties Corporation (LRC)
7. Growth play
Continual opportunities in Canada for lithium – market busy but not saturated - positioned to capitalize on ever - growing global demands for batteries and renewables
STRONG METRICS AND DEMAND FUNDAMENTALS
- New EU regulatory framework for batteries
- Lithium market facing s ignificant deficit
- YoYdem and increased 161% for Lithium- ion battery production
- Global EVsales in FY22 increased 71% YoY
- Spodumene concentrate spot prices increased x 10 in FY22
Click here for the full ASX Release
This article includes content from Winsome Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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