Lithium exploration and development company Winsome Resources (ASX:WR1; “Winsome” or “the Company”) is pleased to provide an update on exploration at its 100% owned Adina project in the James Bay region of Quebec, Canada.

HIGHLIGHTS

• Assays from up-dip drill testing of the recently discovered Footwall Zone at Adina have confirmed high grade mineralisation continues towards the surface with results including:
  • 1.80% Li2O over 23.4m 150m below surface (AD-23-086),
  • 1.55% Li2O over 26.4m 125m below surface (AD-23-095), and
  • 1.06% Li2O over 16.9m 135m below surface (AD-23-085). (Results detailed in Table 1 below).
• Main Zone intersections from the same drillholes at Adina confirm mineralisation occurs at surface with results including:
  • 1.28% Li2O over 28.5m from 2.8m (AD-23-086),
  • 1.18% Li2O over 22.2m from 14.8m (AD-23-095), and
  • 1.44% Li2O over 10.3m from 13.6m (AD-23-085). (Results detailed in Table 1 below).
• Results are from drilling completed 50 metres north of previous drilling on these sections, with mineralisation remaining open to the north
• Drilling has recommenced on site, with a total of 5 rigs expected to be drilling in the coming weeks.

Exciting new lithium drill intersections have been received from drilling testing up-dip extensions of the Main and Footwall Zones, with results confirming the Footwall Zone continues towards surface.

Drilling has also recommenced on site, with additional rigs being mobilised and fitted with tracks to improve mobility and increase efficiency with rig moves. A total of 5 rigs are planned to be drilling by the end of September or early October.

WINSOME’S MANAGING DIRECTOR CHRIS EVANS SAID:

“It is clearly a positive to have drilling underway again at Adina and we thank both RJLL and Winsome personnel who have worked hard to re-start drilling safely and rapidly. The installation of tracks on the drill rig will significantly improve the efficiency of rig moves and result in improved drilling meterage rates going forward as well as assist access in certain areas.

Our clear priority is to continue testing the near-surface extent of the recently discovered Footwall Zone, with these latest results confirming the high grade shallow nature of mineralisation at Adina. We look forward to stepping out in all directions with our next phase of drilling to fully test the extents of mineralisation at Adina ahead of defining our maiden resource later in 2023.”

Table 1. Key mineralised intercepts, Adina Main

Figure 1: Adina Drill Results – Cross Section 668980mE. (See Figure 3 for reference point)

Commentary on Drilling Results

Intersections reported in this announcement confirm the continuity of lithium mineralisation in drilling to the north of Adina Main, up-dip from previous intersections of the Main and Footwall Zones. New results received are shown on Figure 1 with all data from the programme to date included in the Appendices.

Importantly the results confirm the Footwall Zone continues towards surface, adding over 100 metres of mineralisation to the north-south extent of this zone and intersecting the upper contact at approximately 100 metres vertical depth (Figure 2 and 3). Further drill tests are planned to the north of this drilling to test the Footwall Zone closer to surface.

Due to the siting of these drill holes the Main Zone intersections are interpreted to represent partial intersections, being collared into outcropping or subcropping pegmatites from this zone. These holes achieved their target of defining the Main Zone mineralisation at surface for the purposes of resource delineation, but the intersections do not represent the complete 40m+ thickness of this zone (established from previous intersections reported by the Company as summarised in Appendix 2).

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