https://newsletter.mw.creamermedia.com
Diamonds|Infrastructure|Logistics|Power|PROJECT|rail|Resources|Road|Storage|supply-chain|transport|Water|Maintenance|Infrastructure
Diamonds|Infrastructure|Logistics|Power|PROJECT|rail|Resources|Road|Storage|supply-chain|transport|Water|Maintenance|Infrastructure
diamonds|infrastructure|logistics|power|project|rail|resources|road|storage|supply chain|transport|water|maintenance|infrastructure

Winsome’s diamond mine bid may advance pathway to lithium production

The Renard mine is about 60 km from the Adina resource.

The Renard mine is about 60 km from the Adina resource.

4th April 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Australia-listed explorer Winsome Resources on Thursday unveiled an exclusive option agreement to acquire the assets of the idled Renard mine, in Quebec, in a move that may accelerate its path to lithium production at the 59-million-tonne Adina project.

Winsome plans to repurpose the existing infrastructure at Renard, currently owned by Stornoway Diamonds, into a lithium processing operation.

Acquiring Renard would give Winsome access to a fully permitted, recently operating processing facility that used similar steps as a spodumene concentrate dense media separation processing operation, explained MD Chris Evans.

It would also derisk development by materially reducing capital costs, he added.

“It is a regionally strategic asset with potential to provide a cost-efficient transport and logistics solution for Winsome’s 59-million-tonne lithium mineral resource at Adina by opening up year-round road and rail access to the growing critical mineral and EV battery supply chain hub in nearby Becancour, Quebec,” said Evans.

He added that the Renard assets were in incredibly good condition, having operated for less than a decade since processing first material in 2016. Winsome would acquire these assets at a fraction of their replacement value.

The infrastructure includes an operating airport, power station, maintenance workshop and warehouse, water treatment plant, tailings storage, camp and office buildings, all within 60 km from the Adina project.

Stornoway placed Renard in care and maintenance in October last year, pending restructuring proceedings under the Companies Creditors Arrangement Act.

Winsome has agreed to pay C$4-million in cash for the option. Should the company elect to continue with the acquisition, it would pay C$52-million for Renard.

Edited by Creamer Media Reporter

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Tractor & Grader Supplies
Tractor & Grader Supplies

Tractor & Grader Supplies (TGS™): Your Trusted, Genuine Source for New Replacement Parts for Earthmoving, Construction and Mining Machinery

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.122s - 129pq - 2rq
Subscribe Now