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WINSOME RESOURCES LIMITED Capital/Financing Update 2021

Dec 13, 2021

66078_rns_2021-12-13_13294637-4946-409c-843e-17d0fac244a2.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

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14 December 2021

WINSOME RESOURCES APPOINTS SGS CANADA

Highlights:

  • Tier One Geological and Metallurgical Operations company SGS Canada appointed to

commence work at Canadian lithium projects

  • Contracted work includes data collation, field work planning and metallurgical test work

Perth-based lithium exploration and development company Winsome Resources (ASX:WR1; “Winsome” or “the Company”) has appointed highly regarded international specialist SGS Geological Services (SGS) to commence data review, exploration work and metallurgical test work for the Company’s projects in Quebec, Canada.

Experienced in all facets of lithium exploration and resource development in Canada, SGS will follow Winsome Resources’ data planning phase by assisting in the organisation and management of subsequent field exploration work and drilling campaigns.

Test work at the Company’s Cancet site will build on knowledge gained in previous metallurgical test work and will involve heavy liquid separation (HLS), magnetic separation and flotation batch tests.

SGS will also carry out the first metallurgical test work on drill samples from Adina, using HLS and magnetic separation to determine likely achievable recoveries from ore through dense media separation (DMS).

This test work will assist Winsome to understand the mineralogy of both the ore and host rock at each site, which is vitally important to develop the ore bodies in the most efficient manner.

Managing Director Chris Evans said “Partnering with a renowned specialist such as SGS was vital to help the Company progress to the next stages in its development plans. SGS has inexperience on most Canadian hard rock lithium projects and Winsome has a great deal of confidence the group can help us move through the next phases with a high degree of precision and efficiency”

The company continues to assess appropriate consultants for appointment to review data and plan exploration work for the Adina and Sirmac-Clappier projects.

This announcement is authorised by the Winsome Board of Directors.

--ENDS—

ASX ANNOUNCEMENT

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About Winsome Resources

Winsome Resources (ASX: WR1) is a Perth-based, lithium focused exploration and development company with three project areas in the James Bay Region of Quebec Province, Canada.

All three of Winsome’s projects – Cancet, Adina and Sirmac-Clappier are 100% owned by the Company. The most advanced project – Cancet - provides a shallow, high grade lithium deposit and is strategically located close to established infrastructure and supply chains.

Winsome is led by a highly qualified team with strong experience in lithium exploration and development as well as leading ASX listed companies.

More details: www.winsomeresources.com.au

Further information:

Investors

Media

Chris Evans – Managing Director Jessica Gabites Winsome Resources Spoke Corporate [email protected] [email protected] 0412 784 587