Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Greenwing Resources Ltd (GW1.ASX) |
|---|---|
| Release Time | 31 Jan 2025, 2:36 p.m. |
| Price Sensitive | Yes |
Quarterly Activities/Appendix 5B Cash Flow Report
- Established a robust platform at San Jorge Lithium Project in Argentina with a maiden Mineral Resource Estimate of 1.07 Mt of Lithium Carbonate Equivalent
- Completed additional surface exploration programs which confirm the lithium bearing brine mineralization extending materially to the west and north of the salar
- Progressed portfolio of assets in Madagascar, including the Graphmada Graphite Mining Complex and Millie's Reward Lithium Project
Greenwing Resources Ltd (ASX:GW1) provided an update on its activities and progress for the quarter ended 31 December 2024. The company holds a portfolio of assets targeting Lithium and Graphite in known mining jurisdictions. Key highlights include:San Jorge Lithium Project, Argentina:- Established a robust platform at San Jorge with 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.- Completed additional surface exploration programs which confirm the lithium bearing brine mineralization extending materially to the west and north of the salar, with the resource remaining open at depth.- Initial brine processing test work demonstrated high lithium recoveries of over 99% using leading processing technologies.Madagascar:- Continued to progress the company's portfolio of assets in Madagascar, including the Graphmada Graphite Mining Complex and the Millie's Reward Lithium Project.- Engaged in discussions with the vendors of the Millie's Reward project to finalize the transfer of tenure and resume exploration activities.- Completed additional augur drilling at the Andapa Graphite project, with results currently being reviewed.The company remains encouraged by the long-term fundamentals of the Lithium and Graphite markets and is focused on advancing its key projects to capitalize on the emerging strategic value of these critical minerals.