• $5.5 million equity raising completed, strengthening financial position
• Progressing development of San Jorge Lithium Project in Argentina and Que River Polymetallic Project in Tasmania
• Continuing care and maintenance activities at Graphmada Graphite Mining Complex in Madagascar

Greenwing Resources Ltd (ASX: GW1) has provided an update on its activities and progress for the quarter ended 31 March 2026. The company completed a $5.5 million equity raising during the quarter, which received strong support from existing major shareholders and included director participation. The raising provides Greenwing with a strengthened financial platform to execute its planned 2026 work programs across its San Jorge Lithium Project in Argentina, Que River Polymetallic Project in Tasmania, and Graphmada Graphite Mining Complex in Madagascar. At San Jorge, Greenwing appointed Zelandez Limited, a globally recognised lithium brine services group, to assist in progressing the project, including the preparation of an initial scoping study, assessment of development pathways and processing options, and planning for future drilling. The company also noted increased strategic interest in Argentine lithium assets, including the signing of United States-Argentina critical minerals and reciprocal trade agreements. For Que River, Greenwing released an updated strategy, outlining a two-stage pathway focused on the potential recommencement of open pit mining and the assessment of the project's suitability to host data infrastructure. The company also commenced a Pre-Feasibility Study at Que River during the quarter. At Graphmada, the company continued care and maintenance activities and the ongoing assessment of restart and expansion pathways, while also progressing its program to monetize surplus equipment and optimize the value of its Madagascan asset base.