From the Managing Director’s deskJune 12, 2023
From the Managing Director’s deskJuly 18, 2023
Canaccord Genuity - Adina Resource potential stacking up
Analyst Reg Spencer and Associate Analyst William Jones from Canaccord Genuity – Global Capital Markets recently shone a spotlight on Winsome Resources’ (ASX:WR1) Adina resource in Quebec, Canada.
The report highlights three main lithium prospects have been identified at Adina within a 3k trend, with drilling at the Adina Main prospect defining a ~800m long zone of mineralisation with potential to host a significant lithium resource. It also highlights upside potential given the possibility of Adina Main linking to mineralisation identified at Adina East.
The report also identifies Canada as a jurisdiction well positioned to capitalise on its resource abundance and mining friendly, low CO2 intensity operating environment to potentially develop into an important lithium producing region in the medium-to-longer term.