• High grade intercepts identified below current QR 32 open pit base
• Evaluating potential depth extensions of existing open pits via cutbacks
• Assessing broader resource growth potential across the entire project

Greenwing Resources Ltd (ASX:GW1) is pleased to provide an update on its 100% owned Que River Polymetallic Project located in northwest Tasmania. Following the release of an updated Mineral Resource Estimate for the project, the company is now evaluating development options. Key highlights include high-grade intercepts identified immediately below the current base of the QR 32 open pit, representing a compelling opportunity. Greenwing is evaluating potential depth extensions of the existing open pits via cutbacks as well as the development of additional open pits on site. The company is also assessing broader resource growth potential across the entire project. In addition to targeting extensions to the Mineral Resource Estimates immediately down plunge from the QR32 area, Greenwing is evaluating the significant data set available for the Que River Project, including historic production figures, metallurgical recovery and processing data, down hole assays and geological information from over 1,300 drill holes. The Que River Project is located in a prospective region with several known VMS deposits, providing substantial scope to enhance the existing polymetallic resource through targeted exploration drilling.

Greenwing continues to evaluate the significant data sets available at Que River while aiming to deliver increased shareholder value through smart exploration, resource development and mining potential within the Project.