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Greenwing Resources Ltd (ASX:GW1)

ALERT: Price-sensitive ASX Announcement for GW1
Current share price for GW1 : $0.095 0.014 (17.28%)+
Announcement
Release
9 Jun 2026 8:32AM
Price at Release
$0.081
Full Release
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Summary
Greenwing Resources Ltd has successfully renewed its Mining Lease for the Que River Project in Tasmania, securing it until 2035. This renewal represents a critical step in Greenwing's two-phase strategy to enhance the project's value. The strategy focuses on restarting open-pit mining using existing third-party processing facilities and exploring future data infrastructure opportunities. The company is advancing with a Pre-Feasibility Study to delineate the mining restart process, assessing various technical, economic, and regulatory factors. Greenwing is also engaging potential partners to develop both mining and data infrastructure projects while ensuring compliance with all necessary statutory approvals for future operations.
Key Points
  • Greenwing Resources Ltd has renewed the Mining Lease ML 68M/1984 for the Que River Project in Tasmania until 2035.
  • The renewal is a significant milestone for Greenwing's strategy at Que River, aimed at maximizing value through mining and infrastructure development.
  • The project involves a two-stage strategy: resuming open pit mining using third-party processing infrastructure and assessing the potential for data infrastructure development.
  • Greenwing is conducting a Pre-Feasibility Study to define the mining restart pathway, including design, costs, and regulatory considerations.
  • The company is exploring partnerships for both mining and potential data infrastructure development at Que River.
  • Que River's strategic location offers advantages such as access to power, water, and a secure site favorable for digital infrastructure.
  • The renewal of the lease does not automatically authorize new mining or infrastructure activities, which require separate approvals.
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.