Greenwing Resources
Greenwing Resources is a pre-revenue Australian critical minerals explorer and developer with 100%-owned lithium, graphite, and polymetallic projects across Argentina, Madagascar, and Tasmania, targeting battery and EV manufacturer supply chains.
- Company typePublic
- Founded2004
- HeadquartersBrisbane, Australia
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Greenwing Resources does
Greenwing Resources Ltd (ASX:GW1) is an Australian critical minerals explorer and developer headquartered in Brisbane with a diversified portfolio of 100%-owned lithium, graphite, and polymetallic assets across three jurisdictions. The company's four core projects are the San Jorge lithium brine project in Argentina's Lithium Triangle (38,000 hectares, maiden Mineral Resource of 1.07Mt LCE at 195mg/L lithium), the Millies Reward hard rock lithium project in Madagascar (31m trench sample at 3.72% Li2O, rock-chip grades up to 7.1% Li2O), the Graphmada Graphite Mining Complex in Madagascar (61.9Mt at 4.5% graphitic carbon with prior production history from 2018-2020), and the Que River polymetallic VMS project in Tasmania (copper, gold, silver, zinc, lead). The company is pre-revenue, with technology centered on conventional lithium brine extraction, graphite concentration, and polymetallic open-pit mining.
Greenwing's business model is structured around advancing mineral assets through exploration drilling, scoping studies, and pre-feasibility studies toward eventual production, with revenue expected from future sales of graphite concentrates, lithium carbonate, and polymetallic ores to battery manufacturers, EV makers, and commodity traders. The company employs a sales-led and event-driven go-to-market approach, leveraging investor presentations, ASX announcements, and mining conference participation (RIU events) to engage institutional investors and strategic partners. Pricing is not publicly disclosed, reflecting the pre-production development stage. Chinese EV manufacturer NIO Inc holds a 12% strategic stake (AU$12M invested September 2022) and a board seat, positioning NIO as a potential joint venture and offtake partner for San Jorge lithium production.
The company is leveraging favorable regulatory tailwinds, particularly US antidumping duties of 93.5% on Chinese graphite anode materials, to position Graphmada as a non-China graphite supply source for US, EU, and India battery manufacturers. Greenwing is partnering with Zelandez, a lithium brine specialist, on the San Jorge scoping study, and pursuing a low-capex restart pathway at Que River using nearby third-party processing infrastructure. The company has 1-10 employees and a market capitalization of approximately US$22.88 million, reflecting its small-cap, pre-revenue status.
Greenwing Resources firmographics
Firmographics- Name
- Greenwing Resources
- Legal name
- Greenwing Resources Ltd
- Website
- https://greenwingresources.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Greenwing Resources is a pre-revenue Australian critical minerals explorer and developer with 100%-owned lithium, graphite, and polymetallic projects across Argentina, Madagascar, and Tasmania, targeting battery and EV manufacturer supply chains.
- Ownership category
- akta.pro rank
Greenwing Resources industry classification
Industry- Product category
- Critical Minerals Mining
- NAICS
- Mining (except Oil and Gas) (212), Other Nonmetallic Mineral Mining and Quarrying (212390)
- SIC
- Metal Mining (1000), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industries
- Natural Graphite Mining & Concentrates (IMAKAFAD), Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)
Keywords
Where Greenwing Resources is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Greenwing Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
Revenue model
- Graphite concentrate sales: Greenwing aims to generate revenue from mining and selling graphite concentrates from its Graphmada operation in Madagascar. The project has prior production history and qualified product sold into international markets including the US, EU, India, and other key markets.
- Lithium production: Future revenue anticipated from lithium brine production at San Jorge Project in Argentina, targeting the battery materials market. Maiden mineral resource of 1.07Mt LCE established.
- Polymetallic ore sales: Revenue potential from copper, gold, silver, zinc and lead extraction at Que River Project in Tasmania through mining restart using open-pit development with third-party processing infrastructure.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Greenwing Resources product offering
Product offeringCore offering
Greenwing Resources explores and develops critical mineral assets — lithium, graphite, and polymetallic deposits — across three jurisdictions (Argentina, Madagascar, and Tasmania, Australia). Its flagship asset is the producing Graphmada Graphite Mine in Madagascar, which generates revenue through graphite concentrate sales, complemented by the earlier-stage San Jorge Lithium Project in Argentina, Millies Reward Lithium Project in Madagascar, and Que River Polymetallic Project in Tasmania. The company's primary commercial activity is the extraction and sale of physical mineral products for use in electric-vehicle and energy-storage supply chains.
Product overview
Greenwing Resources is a critical minerals explorer and developer operating a portfolio of four distinct mining projects across three jurisdictions. The company operates as a single unified entity focused on advancing its lithium and graphite assets: the San Jorge Lithium Project (brine) in Argentina, the Millies Reward hard rock lithium project in Madagascar, the Graphmada Graphite Mining Complex in Madagascar (with prior production history), and the Que River Polymetallic Project in Tasmania. The projects span the critical minerals supply chain for battery manufacturing and clean energy applications.
Differentiator
Problem solved
Functional benefit
Products and services
- San Jorge Lithium Project
- Millies Reward Lithium Project
- Graphmada Graphite Mine
- Que River Polymetallic Project
Quantifiable outcome
- Maiden mineral resource of 1.07Mt LCE at San Jorge lithium project
- +3 more outcomes
Companies that use Greenwing Resources
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles1 record
Greenwing Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Greenwing Resources partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- ZelandezcoreGreenwing is progressing a scoping study with Zelandez, a leading lithium brine specialist, to evaluate development pathways, processing options and the project's initial economic framework for the San Jorge Lithium Project.
- Third-party processing infrastructure providersminorQue River Project strategy involves using nearby third-party processing infrastructure for the planned low-capex open pit development model, avoiding need for own mill construction.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Greenwing Resources competitors and assessment
Company assessmentDirect peers
- Sayona Mining: ASX-listed lithium miner and developer (ASX:SYA) with hard rock and brines in Canada and Australia. Highly comparable to Greenwing — Chairman James Brown also serves as a NED at Sayona, and both companies target lithium and battery minerals with a similar junior/mid-cap profile.
- Galan Lithium: ASX-listed lithium brine explorer (ASX:GLN) advancing the Hombre Muerto West project in Argentina's Lithium Triangle. Directly comparable to Greenwing's San Jorge brine project by commodity, jurisdiction, and pre-production development stage.
- Argosy Minerals: ASX-listed lithium brine developer (ASX:AGY) focused on the Rincon Lithium Project in Argentina. Closely comparable in brine extraction approach, Argentine Lithium Triangle location, and pre-revenue development profile.
- Lake Resources: ASX-listed lithium brine developer (ASX:LKE) operating in Argentina's Lithium Triangle (Kachi project). Directly comparable by commodity, jurisdiction, and pre-production stage with similar small-cap dynamics.
- Lithium Argentina: Major lithium producer (formerly Lithium Americas Argentina) operating Cauchari-Olaroz in Argentina. Comparable as a Lithium Triangle peer at a much larger scale, providing the relevant benchmark for resource quality and project economics in the same basin.
- Syrah Resources: ASX-listed natural graphite producer (ASX:SYR) operating the Balama mine in Mozambique. The most directly comparable graphite-focused peer — large resource, prior/quoted production, exposed to the same non-China graphite demand thesis that supports Graphmada.
- Nouveau Monde Graphite: TSX/NYSE-listed graphite developer (NGM) advancing the Matawinie mine in Quebec. Comparable as a Western (non-China) natural graphite supplier targeting battery anode customers in North America and Europe.
- Magnis Energy Technologies: ASX-listed graphite and battery materials developer (ASX:MNS). Comparable as a small/mid-cap ASX graphite developer focused on supplying battery anode material, similar investor profile and stage to Greenwing.
- Patriot Battery Metals: ASX/TSX-listed lithium explorer/developer (ASX:PMT) with the Corvette project in Quebec's James Bay region. Comparable as a small-cap, pre-production lithium developer targeting the battery materials supply chain.
- Triton Minerals: ASX-listed graphite explorer (ASX:TON) with projects in Mozambique and other African jurisdictions. Comparable as a small-cap natural graphite developer targeting battery-grade supply, sharing Greenwing's diversification rationale across multiple projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Greenwing Resources social profiles
Digital presenceGreenwing Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Greenwing Resources leadership team
Management profileNumber of profiles
Profiles4 records
Greenwing Resources funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Greenwing Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Greenwing Resources
What does Greenwing Resources do?
Greenwing Resources explores and develops critical mineral assets — lithium, graphite, and polymetallic deposits — across three jurisdictions (Argentina, Madagascar, and Tasmania, Australia). Its flagship asset is the producing Graphmada Graphite Mine in Madagascar, which generates revenue through graphite concentrate sales, complemented by the earlier-stage San Jorge Lithium Project in Argentina, Millies Reward Lithium Project in Madagascar, and Que River Polymetallic Project in Tasmania. The company's primary commercial activity is the extraction and sale of physical mineral products for use in electric-vehicle and energy-storage supply chains.
Is Greenwing Resources a public or private company?
Greenwing Resources is a public company. It is classified as public and is currently operating.
When was Greenwing Resources founded?
Greenwing Resources was founded in 2004. It employs 1 to 10 people.
Where is Greenwing Resources based?
Greenwing Resources is headquartered in Brisbane, Australia, in the Oceania region.
How does Greenwing Resources make money?
Three revenue lines are on record. Graphite concentrate sales are the primary driver. The others are lithium production and polymetallic ore sales.
Who are Greenwing Resources's main competitors?
Direct peers on record are Sayona Mining, Galan Lithium, Argosy Minerals, Lake Resources, Lithium Argentina, Syrah Resources, Nouveau Monde Graphite, Magnis Energy Technologies, Patriot Battery Metals and Triton Minerals.
Does Greenwing Resources have an API?
No public API is recorded for Greenwing Resources.
What industry is Greenwing Resources in?
Greenwing Resources's product category is Critical Minerals Mining. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKAFAD, Natural Graphite Mining & Concentrates. Its NAICS code is 212 and its SIC code is 1000.