The Adina project is 100% owned by Winsome Resources Ltd. via a subsidiary Lithium Winsome Adina Inc.
On Dec. 14, 2025, Li-FT Power Ltd. and Winsome Resources Limited announced the signing of a binding scheme implementation deed whereby Li-FT will acquire 100% of the issued securities of Winsome, pursuant to Australian share and option schemes of arrangement under the Australian Corporations Act, subject to the satisfaction of various conditions.
Existing Winsome securityholders will own approximately 35.3% of the combined company on a fully diluted in-the-money basis upon completion by Li-FT of the Galinée Transaction.
The Winsome Transaction is expected to be implemented before the end of April 2026.
Summary:
The geology of the Property consists of volcano-sedimentary sequences that have been strongly affected by shearing and multiple volcanic intrusions. The Property is hosted within one of the three lithologies of the Vieux Comptoir Granitic Suite, a group of pegmatite and granitic bodies that outcrop over an area of 13,650 square kilometres (km2 ), across both the La Grande, Opatica and Opinaca Sub-Provinces.
The deposit and mineralization at Adina are of the lithium-bearing LCT (Lithium – Cesium – Tantalum) type, a class of pegmatite that is enriched with rare elements that are associated with S-type peraluminous granites. This type of pegmatite consists of highly fractionated melts and fine to coarse-grained felsic intrusions (ranging in size from millimetres (mm) to metres (m)).
Adina hosts several pegmatite dykes which are grouped into two major zones: the Main Zone (MZ) and the Footwall Zone (FWZ). All zones share the same trend, which is along an east-west strike with the dip direction to the south. The two zones are separated by distances ranging from tens to more than 100 m of mafic volcanics and other minor lithologies, such as quartz feldspar porphyry and granodiorite.
Mineralized Zones
The Adina Main Zone hosts several pegmatite dykes which are grouped into two major zones: the Main Zone (MZ) and the Footwall Zone (FWZ). All zones share the same trend, which is along an east-west strike with the dip direction to the south. As outlined in Chapter 14, the lithium pegmatites were modelled as two envelopes with internal waste zones. The two zones are separated by distances ranging from tens to more than 100 m of mafic volcanics and other minor lithologies, such as quartz feldspar porphyry and granodiorite.
Main Zone (MZ)
The MZ represents the north-striking and south-dipping (N160°/-30°) mineralized pegmatite zone with a sigmoidal fold. The zone extends for approximately 2,300 m along strike. It is dominated by large coarse-grained (>5cm) white and pink spodumene and SQUI (Spodumene and Quartz Intergrowth) texture which are categorized as an intermediate coarse-grained zone and an intermediate intergrowth zone, respectively. Other dominant minerals include smoky quartz, fineto coarse-grained tourmaline, and feldspar. These are abundant in the graphic granite zone and core zone depending on the texture and grain sizes. Tourmaline crystals in drill core can indicate unidirectional solidification texture (UST) where crystals are elongated perpendicular to the contacts of the body, expanding inward. There are also minor fine-grained garnets and apatite, as well as lepidolite. Rare white hexagonal beryl and lithium bearing tourmaline (elbaite) were also observed. Pervasive albitization is very common, representing a portion of K-feldspar that has been replaced by albite. Thus, an albite-rich aplite zone has been identified and characterized by secondary fine-grained and lath-shaped albite (milky cleavelandite) associated with quartz, blue apatite and tourmaline. In addition, sub-metre primary layered aplitic zones can be observed with fine-grained tourmaline and blue apatite present, often present at the boundary between pegmatite and mafic volcanics as well. The MZ pegmatite dykes tend to be completed and rich in lithium. Borehole drilling against the dyke dipping direction intersects up to 60 m of pegmatite. The MZ also comprises Adina East zone which is the eastern continuity of the MZ. It was originally believed to form a separate body unrelated to the main but infill drilling at 100 m intervals (center to center) demonstrated that they are part of a single body.
Attached to the MZ is also the Hanging Wall Zone which contains several 2 m to 18 m thick noncontinuous pegmatite dykes above the MZ. It shares very similar mineral assemblages and chemical components with the MZ. It is comprised predominantly of smoky quartz, K-feldspar, albite, coarse-grained spodumene and spodumene-quartz intergrowth. The presence of albiterich aplite zone indicates that albitization also occurred in Hanging wall zone. The HZ is a splay of the MZ, and both these structures remain open at depth and thought to extend further to the South.
Footwall Zone (FWZ)
The FWZ is located underneath the MZ with significant thickness of mafic volcanics in between them. It extends at a strike of north 70° for approximately 2,500 m and dips south (N160°/-30°). Compared with the pegmatite dykes in the MZ, those in the FWZ are dominated by K-feldspar and smoky quartz which indicates a decrease in the intermediate zone and an increase in the granitic and core zones. The intermediate coarse-grained and intermediate intergrowth zones are present but with decreasing abundance relative to the MZ. There is no significant difference in mineral assemblages of the FWZ and MZ. Pegmatite dykes are mostly encountered by borehole drilling at 10 to 20 m intercepts with some up to 50 m intercept exceptions.
Dimensions
The approximate dimensions of the Adina deposit as modelled is 2,300m east – west, 750m north-south, with drilling intersecting mineralisation to a depth of 350m below surface. The resource has been reported within the Adina claims and truncated at claim boundaries where intersected.