• Updated Mineral Resource of 2.4 Mt at 9.5% ZnEq
• Significant endowment of in-situ contained metals
• Existing resource, strong exploration upside, granted mining lease, and proximity to infrastructure

Greenwing Resources Ltd (ASX:GW1) has provided an updated Mineral Resource for its 100% owned Que River Project located in northwest Tasmania. The updated Mineral Resource at a 5% ZnEq (Zinc Equivalent) cut-off includes Indicated resources of 2.0 Mt at 3.1% Zn, 1.5% Pb, 0.4% Cu, 0.8 g/t Au and 49 g/t Ag for 9.5% ZnEq, and Inferred resources of 0.4 Mt at 3.7% Zn, 1.8% Pb, 0.3% Cu, 0.7 g/t Au and 49 g/t Ag for 10.0% ZnEq. The total Mineral Resource is 2.4 Mt at 3.1% Zn, 1.5% Pb, 0.4% Cu, 0.8 g/t Au and 49 g/t Ag for 9.5% ZnEq. The project was previously mined for high-grade base metals via underground and open pit operations, and the updated Mineral Resource includes zones of mineralisation that were previously not optimised into the operations. With the rise in global metal prices and advancements in processing and extraction technologies, these zones now present a compelling opportunity for future development. The Company believes the Que River Project offers a strong opportunity to create stakeholder value, underpinned by its secure tenure, close proximity to established infrastructure, and substantial exploration potential across the project area.

The updated Mineral Resource contains a significant endowment of in-situ contained metal with 75 kt Zinc, 10 kt copper, 39 koz gold, 3700 koz silver and 36 kt lead.