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Greenwing Resources Ltd (ASX:GW1)

ALERT: Price-sensitive ASX Announcement for GW1
Current share price for GW1 : $0.085 0.006 (7.59%)+
Announcement
Release
30 Jul 2026 4:09PM
Price at Release
$0.079
Full Release
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Summary
Greenwing Resources Ltd provided its quarterly activities report for the period ending 30 June 2026, detailing progress across its key projects: San Jorge in Argentina, Graphmada in Madagascar, and Que River in Tasmania. The San Jorge Project made advancements in technical evaluations and Direct Lithium Extraction studies. The Que River Project saw its mining lease renewed until 2035, paving the way for potential mining restart. The Graphmada Mining Complex continued its care and maintenance with strategic assessments. Despite cash outflows of A$438,000 for exploration and evaluation, Greenwing maintained a cash balance of A$2,914,000, supported by an undrawn $8 million facility with Alpha Investment Partners.
Key Points
  • Greenwing Resources Ltd reported on its quarterly activities ending 30 June 2026.
  • The company focused on its three main assets: San Jorge, Graphmada, and Que River.
  • San Jorge Project in Argentina progressed with technical evaluations on basin-scale hydrology and Direct Lithium Extraction.
  • Que River Project in Tasmania saw mining lease renewal until 2035, supporting its potential mining restart.
  • Graphmada Mining Complex in Madagascar was maintained, with ongoing assessments for strategic partnerships.
  • Greenwing has an $8 million At-the-Market Facility with Alpha Investment Partners, which remains undrawn.
  • Cash and cash equivalents at the end of the quarter were A$2,914,000.
  • Net cash outflows for the quarter included A$438,000 in exploration and evaluation expenses.
  • The company planned further strategic focus and shareholder value enhancements.
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.