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Greenwing Resources Ltd ( (AU:GW1) ) has issued an announcement.
Greenwing Resources has launched a scoping study and drill planning program at its San Jorge Lithium Brine Project in Argentina, appointing specialist firm Zelandez to lead work on development pathways, processing options and an initial economic framework. The move builds on a maiden mineral resource of 1.07 million tonnes of lithium carbonate equivalent and aims to upgrade the project from an early discovery to a clearly defined development opportunity.
The work will target extensions of the brine system to the west, north and at depth, where geophysics suggests a thick, largely untested brine body with rising lithium grades. By defining new drill holes and assessing broader landholdings, including potential water supply areas, Greenwing is seeking to grow both the size and grade of the resource and strengthen San Jorge’s role as a strategically significant standalone lithium supply asset.
The most recent analyst rating on (AU:GW1) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Greenwing Resources Ltd stock, see the AU:GW1 Stock Forecast page.
More about Greenwing Resources Ltd
Greenwing Resources Ltd is an Australian-listed resources company focused on lithium brine development in Argentina’s Lithium Triangle. Its flagship asset is the San Jorge Lithium Brine Project in Catamarca Province, where the company is advancing exploration and early-stage project definition to position itself as a potential future lithium producer serving growing battery and electric vehicle markets.
Average Trading Volume: 707,407
Technical Sentiment Signal: Buy
Current Market Cap: A$22.64M
See more data about GW1 stock on TipRanks’ Stock Analysis page.