Australia's Winsome Resources hits record low on lacklustre drilling update

Winsome Resources

15/07/2022 05:36

** Shares of lithium miner Winsome Resources  WR1.AX  fall
as much as 7.9% to hit a record low of A$0.175
    ** Co says it intersected high-grade lithium in only two of
seven drill holes at its Cancet project in Quebec, Canada 
 urn:newsml:reuters.com:*:nASX243ygg
    ** Says other five targets did not intersect any significant
lithium mineralization and have been closed out
    ** The mining index  .AXMM  was down 3.3% amid weakness in
the broader market  .AXJO , which skid 0.8% 
    ** Stock marks worst intraday session since June 30, and is
on track for a second consecutive session of gains 
    ** WR1 stock down ~48.7% this year, as of last close 
    

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))