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Australia’s Winsome Resources said a scoping study for its $259 million Adina lithium project in Quebec, Canada, has reinforced the asset’s potential as a capital-efficient mine with a 17-year productive life.
“The ease of mining mineralized material at Adina via an initial low strip open pit along with the simple DMS flowsheet results in a competitive operating cost estimate, which optimization may improve further,” managing director Chris Evans said in These figures are based on an average all-in sustaining cost of $693 per tonne and a forecasted spodumene concentrate price of $1,375 per tonne. This is same estimate base used by its regional neighbour, Patriot Battery Metals That project comes with a C$761 million cost for a 2.5 million tonnes per annum plant capable of producing 400,000 tonnes per annum due to its high-grade ore.
Winsome is currently advancing the permitting for the asset and finalizing due diligence on Renard, where approximately C$900 million was invested in infrastructure between 2016 and 2023 before the diamond market collapsed and its previous owner, Stornoway Diamonds, went bankrupt.
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