Winsome extends Renard option to year-end
Lithium explorer and developer Winsome Resources has extended the exclusive option to acquire the Renard project, in Canada, to the end of 2024, buying the company more time to complete its due diligence.
The ASX-listed company is advancing two concurrent scoping studies scenarios: a greenfield study considering its Adina asset as a standalone project with entirely new infrastructure and a brownfield scenario that will incorporate the repurposing of the Renard operation to process lithium ore from Adina.
These studies will be completed in the current quarter.
At the same time, mining studies, including pit designs and scheduling, and processing studies including flowsheet development and plant design are advancing on schedule.
“Winsome Resources is firmly committed to developing the Adina lithium project in a cost-effective and efficient manner as we continue to develop a pathway to production aligned with our vision to integrate into the North American EV supply chain.
“Extending the option to acquire Renard to 31 December 2024, as was envisaged when the original option agreement was signed, provides us additional optionality to consider the various commercial and corporate opportunities available, as we advance project studies on one of the largest and growing lithium deposits in North America,” said Winsome MD Chris Evans.
The company in April announced an exclusive option to acquire, at its election, the assets comprising the Renard diamond mine, processing facility and associated infrastructure or all of the issued capital in Stornoway Diamonds.
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