GPP 0.00% 0.1¢ greenpower energy limited

I just wanted to add to this post by going back to an old...

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  1. 6,289 Posts.
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    I just wanted to add to this post by going back to an old announcement and my post therein.

    This was the announcement back in October 2017: Post #: 28170675
    This was my post at that time: Post #: 28173774

    At that time I advised the assays we were seeing then showed the saprolite had Li (implying a weathered pegmatite/granite system). The Ann also talked about the granite they were seeing and pegmatite outcrops, which is confirmed at depth in the latest Ann (the granite bit but seem to have found fissue system pegmatites in the first drill). That Ann, and subsequent commentary afterwards, implied they thought the pegmatites below surface would be more spodumene based as well, which is yet to be confirmed.

    A key question remains whether we have a predominant spodumene system of pegmatite development (which theoretically have Li of 3,7% - 8.03% Li20, and say if 15% of the pegmatite rock is spodumene this equates to Li20 of 1.2% Li20) or polylithionite (which grades 3.0% Li and 6.46% Li20, meaning at 15% of the rock been poly this gives an Li20 content of 0.97%Li20).

    Now GPP were confident they have predominantly a spodumene system in the pegmatites, so IMO this combined with the 'fissue' issue in my previous post remains to be tested. Obviously finding the main pegmatite system is the bigger key here as well so there is uncertainty and as I keep harping on invest what you are willing to lose because 1 in 50 exploration plays never make it to mining.
    Also refer to understand polylithionite: Post #: 27308775 and Post #: 28296219

    All IMO
 
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