The following companies are the Top Ten Australian-headquartered juniors with a market capitalization of less than $1 billion, and have one or more active exploration projects in Canada, ranked according to market capitalization as of May 15 and compiled by Mining Intelligence.
Market Cap: $257.6 million
Lithium explorer and developer Winsome Resources (ASX: WR1) is focused on advancing its flagship Cancet project, located in the James Bay region of Quebec, 155 km east of the town of Radisson.
To date, 5,216 metres have been drilled across 59 holes on the 200-sq.-km project. After conducting metallurgical test work, the company believes it can produce low-cost, low-impact concentrate at Cancet.
Winsome plans to increase the project’s lithium tonnage by exploring additional targets identified to the east and west.
April 18, 2024
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