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Greenwing Resources Ltd (ASX:GW1)

ALERT: Price-sensitive ASX Announcement for GW1
Current share price for GW1 : $0.080 0.021 (35.59%)+
Announcement
Release
20 Apr 2026 8:52AM
Price at Release
$0.059
Full Release
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Summary
Greenwing Resources Ltd announced an update on the San Jorge Lithium Project, highlighting significant exploration potential with a focus on the depth of lithium concentrations. The magnetotelluric (MT) geophysical survey revealed that the brine body might extend to approximately 1,000 meters, surpassing the initial maximum drilling depth of 402 meters. This suggests potential for resource expansion with lithium concentrations increasing with depth, where samples showed lithium grades up to 248 mg/L, higher than the current resource grade of 195 mg/L. Greenwing has appointed Zelandez Limited as the project manager to oversee the scoping study and further exploration efforts aimed at testing deeper brine bodies. The project comprises a consolidated landholding of about 38,000 hectares, offering substantial exploration opportunities.
Key Points
  • MT geophysical survey indicates brine body extends to 1,000m depth.
  • Lithium concentrations increase with depth, reaching up to 248 mg/L.
  • Potential for substantial resource growth with deeper drilling.
  • Zelandez appointed for scoping study and project management.
  • San Jorge comprises a consolidated landholding of approximately 38,000 hectares.
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.