• Established a maiden Mineral Resource Estimate of 1.07 Mt of Lithium Carbonate Equivalent (LCE) at the San Jorge Lithium Project in Argentina
• Completed additional geophysical surveys that confirm the lithium-bearing brine extends significantly beyond the current resource area
• Progressed portfolio of assets in Madagascar, including the Graphmada Graphite Mining Complex and Millie's Reward Lithium Project
• Released an updated Mineral Resource Estimate for the Que River Polymetallic Project in Tasmania

Greenwing Resources Ltd (ASX:GW1) released its quarterly activities and cash flow report for the period ended 31 March 2025. The company continued to make progress on its key projects during the quarter. At the San Jorge Lithium Project in Argentina, Greenwing established a maiden Mineral Resource Estimate of 1.07 Mt of Lithium Carbonate Equivalent (LCE), consisting of 0.67 Mt of Indicated Resources and 0.4 Mt of Inferred Resources at an initial grade of 195 mg/L Li. The company also completed additional Magnetotelluric (MT) and Transient Electromagnetic (TEM) surveys, which confirmed that the lithium-bearing brine extends significantly to the west and north of the salar, as well as at depth. In Madagascar, Greenwing continued to progress its portfolio of assets, including the Graphmada Graphite Mining Complex, which remains in excellent condition, and the Millie's Reward Lithium Project, where the company is seeking to finalize the transfer of tenure and resume exploration activities. The company also released an updated Mineral Resource Estimate for the Que River Polymetallic Project in Tasmania, which hosts zones of mineralization that were previously not optimized into the operations.