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Winsome Resources Limited (ASX:WR1)

ALERT: Price-sensitive ASX Announcement for WR1
Current share price for WR1 : $0.535 0.325 (154.76%)+
Announcement
Release
28 Oct 2025 9:14AM
Price at Release
$0.210
Full Release
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Summary
Winsome Resources Limited reported on its quarterly activities and financial status for the period ending 30 September 2025. The company completed a focused drilling campaign at Adina, which included resource delineation, extension, and geotechnical targets, utilizing Canadian Flow Through funds. Significant corporate developments include a 16.1% equity interest in Power Metals Corp. valued at approximately $25.5 million, and a strong liquidity position with A$14.5 million in cash. Winsome terminated the Renard call option to prioritize the Adina project but remains engaged with key stakeholders for future collaborations. The environmental baseline studies for the Adina project have been completed, and the company is advancing towards the Adina Feasibility Study. The Appendix 5B Cash Flow Report indicates total cash and cash equivalents of A$14.475 million at the end of the quarter, with net cash outflows primarily from operating and exploration activities.
Key Points
  • Completed a focused drilling campaign at Adina.
  • Holds a 16.1% equity interest in Power Metals Corp.
  • Cash position of A$14.5 million as of September 30, 2025.
  • Terminated Renard call option to focus on Adina project.
  • Completion of environmental baseline studies for Adina.
  • Appendix 5B reports A$14.475 million in cash and equivalents.
  • Engagement with stakeholders for future project collaborations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.