Lithium explorer Winsome Resources (ASX:WR1) listed in November after raising a tidy $18 million at $0.20 per share.

And now managing director Chris Evans says the company is ready and roaring to go at its Cancet project in Quebec – once COVID restrictions ease on the 12th of March.

“We have all of our approvals to drill, all our permits are in place, we’re just really waiting for that final COVID restriction to be removed, and then we’ve got a 2000 metre diamond drilling campaign kicking off,” he told Stockhead.

“Cancet is our priority because of accessibility, it’s sitting right on the main highway, it’s the most advanced project and we know that there’s really high grade, good quality, lihtium sitting right there, almost on the surface.

“We’re at an advanced exploration stage, we know there’s lithium there and within 12 months, we’re aiming to have a maiden JORC resource.”

 

A good time to be in lithium in Canada

The company says that Quebec is one of the world’s most supportive, lowest risk mining regions, renowned for its world-class infrastructure and support for mining developments and is at the forefront of the North American push to develop its own EV battery supply chain.

Especially with the likes of General Motors and POSCO planning to build a cathode active material (CAM) processing facility in Quebec, which is expected to begin producing electric vehicle batteries by 2025.

 

Hard rock quick route to market

Evans was previously MD of FireFinch (ASX:FFX) and COO of Altura Mining (ASX:AJM), so it’s safe to say he knows what he’s talking about when he says it’s an exciting time to be exploring for lithium.

“Canada is a fantastic jurisdiction in which to have a hard rock lithium project,” he said.

“All of North America, the United States and Canada, are working in concert to develop battery material supply chain – of which lithium is a crucial component.

“There’s currently no hard rock lithium mines in North America, everyone’s scrambling to get them, and in terms of time to market, hard rock lithium is by far the quickest in comparison to brine – which is much more technical, higher capex and longer lead time.”

 

Picking up more land in the region

The company has two other projects in the James Bay Region – Adina and Sirmac-Clappier – and just last month announced it partnered with geology specialist Glenn Griesbach in an exclusive option agreement to acquire 669 claims totalling 385km2 in the prospective Decelles region.

The region has seen much recent activity, including high-grade spodumene discoveries by Vision Lithium at their adjacent Cadillac property.

Not to mention the claim area is “highly complementary” to Winsome’s existing projects.

Evans said the company is well financed from the IPO, which gives it the capacity to look for other opportunities to expand its footprint in Canada.

At Decelles, a winter field visit is planned to inspect visible outcrops and collect samples, with further fieldwork to be conducted in the Canadian summer once the snow has cleared and more outcrops are visible for mapping and sampling.

 

Boots on the ground once the snow clears

Once the Cancet drill is completed in early April, the snow will be starting to melt – which means Winsome can get boots on the ground to check out targets identfitied by its extensive magnetic survey over the 395 claims.

“That fieldwork will then define the drilling targets for the summer, which is around June and from then on at Cancet we’ll have a rolling program of field exploration, target identification and drilling,” Evans said.

“Concurrently with that, we’re going to have teams on the ground from April at Adina, Sirmac-Clappier  and the new property Decelles.”

 

 

 

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