Widgie (ASX:WIN) discover Trainline Lithium

Exploration drilling north of the Faraday Deposit has struck another lithium discovery for Widgie Nickel, who see promise to keep building up the lithium resources at its flagship Mt Edwards landholdings near Coolgardie in Western Australia.

Widgie already has the mining proposal in for Faraday, also expanded through step out drilling, and the company now has the near-surface Trainline deposit to investigate as it advances offtake discussions from a fertile lithium corridor between Mt Marion and Pioneer Dome – with economic spodumene identified by XRD analysis as the exclusive lithium-bearing mineral.

“Widgie’s lithium endowment shows it has exceptional growth potential with wide spaced intercepts at Trainline showing excellent promise in addition to the expanding Faraday deposit. Our next steps will be to infill Trainline and the Faraday down dip extensions,” Widgie Managing Director and Chief Executive Steve Norregaard said.

“Ongoing evaluation of offtake partnership options is nearing a logical conclusion, with interest levels high. The Faraday-Trainline Lithium Project has all the hallmarks of a very low-cost development able to be commercialised in the very near term,” Mr Norregaard added.

Next steps

Widgie plan further work and infill drilling as it begins to fully understand the LCT mineralisation at its newly unearthed deposit and will continue drilling to expand the boundaries of Faraday as it eyes off an offtake partnership and an updated mineral resource to potentially encompass its twin deposits.

Mt Edwards Nickel

It is in the company name, and Widgie holds no less than a dozen nickel deposits identified within the borders of Mt Edwards, and it has proposed two mining centres at the flagship, with work underway on feasibility studies for both.

There has now been 168kt of contained nickel revealed so far at Mt Edwards, and with new high-grade nickel strikes and fresh lithium discoveries on deck, the company can keep building up a bounty of battery metals.

WINMTLSLTD FPO [WIN]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

WIN Metals Ltd operates as a mineral exploration and development company in Australia. The company explores for lithium and nickel deposits. Its properties include the 100% owned Mt Edwards nickel and lithium project that covers an area of 240 square kilometers located in Western Australia; and the Faraday-Trainline lithium project located north-west of the Widgiemooltha township. The company was formerly known as Widgie Nickel Limited and changed its name to WIN Metals Ltd in July 2024. WIN Metals Ltd was incorporated in 2021 and is based in Perth, Australia.

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WINMTLSLTD FPO [WIN]

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