Winsome Resources Limited · ASX:WR1
Winsome Resources — Battery Minerals Conference 2022
30 slides from Winsome Resources's conference presentation, Apr 6, 2022
Slide 1: The Next Frontier for Lithium
THE NEXT FRONTIER FOR LITHIUM High quality spodumene concentrate, suitable for conversion for battery applications. BATTERY MINERALS CONFERENCE 6 APRIL 2022 ASX:WR1 - FSE:4XJ
Slide 2: Important Information
Important Information This presentation has been prepared and issued by Winsome Resources Limited (the “Company") to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and its activities. It
Slide 3: ASX Debut November 2021
ASX Debut 30 November 2021 ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 3
Slide 4: About Winsome
1. About Winsome CORPORATE SUMMARY • Listing on the ASX 30 November 2021 with four hard-rock lithium WINSOME RESOURCES LTD focused assets in Quebec, Canada Shares on issue 141.9M • The Company’s flagship Cancet project at advanced exploration Price (@ 5 April 2022) A$0.51 stage with extensive diamon
Slide 5: Global market trends and demand
2. Global market trends and demand Lithium on the US & Canadian critical mineral list – currently trends show that 7 - 9 times more lithium is needed by 2030 to meet global demand for battery manufacturing1 North America focusing on internal supply chains and downstream processing and to reduce reli
Slide 6: Lithium supply and demand
3. Lithium supply and demand Looming challenges exist to ramp-up battery manufacturing – World Economic Forum The battery value chain has significant social, Battery production has a significant Green House environmental and integrity issues - almost 99% of the Gas (GHG) footprint – Lithium chemical
Slide 7: Canada's critical minerals list 2021
4. Canada’s critical minerals list 2021 Manganese Magnesium Molybdenum LITHIUM Nickel Platinum group metals Indium Essential to Canada’s economic security Potash Helium Rare Earth Graphite elements Germanium Scandium Gallium TANTALUM Fluorspar Required for Canada’s transition to a Tellurium low-carb
Slide 8: Investment highlights
5. Investment highlights Canadian hard-rock lithium assets in Exceptional grades of Tantalum and Access to hydropower – cheapest Flagship Cancet project has had Northern Quebec – highly developed up to 3.7% Li20 with coarse grains and cleanest globally, while outstanding previous drilling mining ind
Slide 9: Portfolio overview
6. Portfolio overview In excess of 50,000 Ha of 100% owned exploration Cancet Exploration Target N tenements comprising of 4 project areas and a portfolio 15-25Mt @ 1-2%Li20 0 100km Adina of advanced exploration stage Lithium assets in the emerging lithium province of Quebec, Canada Eleonore Gold Mi
Slide 10: Cancet Historical Drilling
7. Cancet Historical Drilling Cancet Exploration Target 15-25Mt @ 1-2%Li20 ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 10
Slide 11: Cancet Current Drilling
8. Cancet Current Drilling • 20 diamond drill holes over 2,000m • Infill and new target drilling ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 11
Slide 12: Decelles – latest acquisition
9. Decelles – latest acquisition • Option Agreement signed Jan 22 to acquire 669 claims, 38,000 Ha in highly prospective lithium area near mining centres of Val d-O’r and Rouyn-Noranda • Recent lithium discoveries in adjacent Cadillac claims by Vision Lithium and Sayona Mining • Winsome intends to b
Slide 13: Exploration & Testwork Program
10. Exploration & Testwork Program • Cancet Winter infill drilling campaign March – April 22 • Cancet Gravity Survey April 2022 • Decelles Field Trip & rock chip sampling • Metallurgical Testwork Cancet and Adina • Cancet Summer Field Work • Two field teams • Cancet Autumn / Winter Drilling ASX:WR1
Slide 14: Experienced team
11. Experienced team Chris Evans Dr Qingtao Zeng Justin Boylson Carl Caumartin Peter Youd Managing Director Director (Non-Executive) Chairman (Non-Executive) General Manager (Canada CFO & Company Secretary Mr Evans has a strong Lithium Dr Zeng completed a PhD in Mr Boylson is an experienced Mr. Caum
Slide 15: Resource and exploration indicative timetable
12. Resource and exploration indicative timetable EXPLORATION DRILLING RESOURCE DEVELOPMENT Data Collation & Survey Field Work SCOPING STUDY JULY 2021 AUG 2021 SEPT 2021 OCT 2021 NOV 2021 DEC 2021 H1 2022 H2 2022 H1 2023 POST IPO • Appointed SGS & Innovexplo • Appointed Country Manager • Catalogued
Slide 16: Investment summary
14. Investment summary Hard rock asset North American opportunity Demand deficit Timing, location and commodity - Quebec rated in top 5 jurisdictions Adoption of EVs around the globe coming out of bottom of Lithium for mining by Fraser Institute and means Lithium and Tantalum are cycle – ideal time
Slide 17: ASX:WR1 Contact
ie Resources ASX:WRI PERTH OFFICE Level 1, 16 Ord Street West Perth WA 6005 Chris Evans M +61 419 853 904 E cevans@winsomeresources.com.au
Slide 18: Appendices
nN bal C 2008058816
Slide 19: About Lithium Royalty Corporation (LRC)
About Lithium Royalty Corporation (LRC) LRC overview • Dedicated Battery Minerals Investor • Recent Moblan deal with Sayona • Recently raised USD $70M, backed by Riverstone Holdings LLC • Winsome Strategic Investment: • A$6.65M for 3-4% Royalty • A$3M into IPO • Board and North American Strategic Su
Slide 20: Cancet lithium project
Cancet lithium project Geological Modelling Plan Looking NE Looking North ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 20
Slide 21: Cancet lithium project
Cancet lithium project Geological Modelling ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 21
Slide 22: Cancet lithium project
Cancet lithium project Geological Modelling Section 5 ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 22
Slide 23: Cancet lithium project
Cancet lithium project Geological Modelling Section 10 ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 23
Slide 24: Further exploration potential
Further exploration potential Cancet • Total Strike approximately 6km • Secondary staked areas hosted in Gneiss, with outcrop exposed at surface • Remote sensing as well as Magnetic Survey identify multiple new target areas ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 24
Slide 25: Outstanding metallurgy
Outstanding metallurgy Metallurgical testing demonstrates battery grade spodumene concentrate could be produced using simple low cost DMS gravity separation Drill Core Metallurgy • Metallurgical test work on 100kg composite drill core sample confirms high grade spodumene in the pegmatite ore body at
Slide 26: Quality metallurgy
Quality metallurgy Cancet HLS beneficiation on -10+1mm composite drill core sample ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 26
Slide 27: Adina lithium project
Adina lithium project Adina • 60km south of the Mirage Lodge, James Bay Area, Quebec • Outcropping pegmatites • Mapped in 2016, drilled 2018 • Li2O grades of 1.58%, 1.67%, 2.43%, 1.79%, 3.12% and 2.08% from surface • Co-development opportunity with Cancet ASX:WR1 - FSE:4XJ | INVESTOR PRESENTATION 27
Slide 28: Successful maiden drilling
Successful maiden drilling Adina • 2km potential strike indicated by pegmatite ridge • 10 holes covering 1,726 m was completed during the winter of 2018 • Returned several well- mineralised albeit narrow intervals of mineralisation • Additional field prospecting and mapping is warranted for Adina as
Slide 29: Confirmed prospectivity
Confirmed prospectivity Adina AD18-001: 3.2m @ 1.45% Li2O from 95.89m to 99.09m AD18-002 3.89m @ 1.40% Li2O from 8.78m to 12.67m AD18-003 0.92m @ 1.85% Li2O from 87.06m to 87.98m; and 4.42m @ 1.42% Li2O from 92.80m to 97.22m AD18-004 3.37m @ 1.32% Li2O from 40.63m to 44.00m AD18-005 8.02m @ 1.27% Li
Slide 30: Sirmac-Clapier lithium project
Sirmac-Clapier lithium project Sirmac-Clapier • 67 claims for 3,400 ha • Outcropping high-grade lithium hosted in spodumene- bearing pegmatites • Located less than 3km from an existing high grade deposit grading 2.04% Li2O owned by Vision Lithium Inc. (TSX.V: VLI) • Road and power infrastructure tra