Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Greenwing Resources Ltd (GW1.ASX) |
|---|---|
| Release Time | 31 Jul 2025, 10:23 a.m. |
| Price Sensitive | Yes |
Quarterly Activities/Appendix 5B Cash Flow Report
- Continued baseline environmental studies at the San Jorge Lithium Project in Argentina
- Completed additional surface exploration programs at San Jorge, confirming brine mineralization extending materially
- Visited Madagascar to discuss Graphmada Graphite Mining Complex and Millie's Reward Lithium Project
Greenwing Resources Ltd (ASX:GW1) is pleased to provide an update on its activities and progress for the quarter ended 30 June 2025. The Company holds a portfolio of lithium and graphite assets, underpinned by long-term market fundamentals that the Company remains highly attractive. At the San Jorge Lithium Project in Argentina, Greenwing continued baseline environmental studies and completed additional surface exploration programs, which confirmed the host brine mineralization extending materially to the west and north of the salar and continuing to the limit of the surveys. The project has 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. In Madagascar, the Company visited the Graphmada Graphite Mining Complex and the Millie's Reward Hard Rock Lithium Project, meeting with the Madagascan Mines Minister and vendors of the Millie's Reward project. The site visit also identified surplus spares and equipment for sale, which the Company is progressing with to bolster its cash position.