Winsome Resources Limited (AU:WR1) has released an update.
Winsome Resources Limited is progressing with its project studies for the Adina Lithium Project, including the potential acquisition of the Renard Operation, with due diligence and mining studies expected to be completed by Q3 2024. The company has extended its exclusive option to purchase the Renard Project until the end of 2024, allowing for a more thorough evaluation of the project’s feasibility and cost-saving opportunities. Preliminary findings suggest significant cost advantages in repurposing the existing Renard processing plant for lithium production over building new infrastructure.
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