Winsome Resources (ASX: WR1) is a Perth-based, lithium focused exploration and development company with four project areas in Quebec, Canada.
The Company’s established portfolio of world-class exploration lithium projects, Cancet, Adina and Sirmac-Clappier, are 100% owned by the Company and located in the James Bay region of Quebec, Canada.
The Company also has exclusive rights to explore and subsequently purchase its most recent project, Decelles, which will expand its lithium exploration footprint in the region. Located near Val-dÓr, in the highly sought after Decelles region of Quebec, the option agreement will enable the Company to acquire 669 claims, across 385km² – more than doubling its land holdings in Quebec. It will also allow the Company to explore a new area of the province known for granitic and pegmatitic outcrops. The area is located close to infrastructure and the major mining centres, immediately adjacent to recent lithium discoveries.
Additionally within the greater Decelles area, Winsome Resources has entered into an exclusive option agreement to acquire 259 claims, totalling 149km² in the prospective Mazarac region.
The new claims are highly complementary to our other projects.
Quebec is a well-established mining jurisdiction, rated among the top globally by the Fraser Institute. It has leading infrastructure and support for mining development projects. In Quebec, 99.8% of the electricity is produced by hydro-power, making it an ideal location for the sustainable mining and production of lithium products.
Winsome Resources’ four projects contain or target shallow, high grade lithium deposits and are strategically located close to established infrastructure and supply chains.
Metallurgical test work indicates that a simple low cost and low impact concentrate production can be achieved at the Cancet Project using Dense Media Separation (DMS). Project development thus far, includes 59 holes for 5,216m of diamond core drilling averaging ~70m drill depth.
Further exploration will target identification of additional tonnage through down dip and along strike extension as well as satellite targets. None of the projects within the Company’s portfolio are geologically constrained, offering further exploration potential.
With more than 99% of the world’s lithium reserves located in Australia, Argentina, Chile and China, our assets offer jurisdictional diversity and opportunity to contribute to the expanding North American battery industry.