Morabisi Lithium / Tantalum / Rare Earths Project

The Morabisi Lithium & Tantalum Project is located within the mineral-rich greenstone belt of Central Guyana approximately 150km SW of Georgetown. Guyana is the only English speaking country in South America and is renowned as a mining-friendly jurisdiction whose commitment to the industry is evidenced by the recent commissioning of three substantial gold mines (Guyana Goldfields’ Aurora Gold Mine, Troy Resources’ Kaburi Gold Mine and Goldsource’s Eagle Mountain Gold Mine).

The Project area covers over 950,000 acres and is conveniently serviced by existing road and future planned power facilities, in addition to a number of local service towns within the Project area.

Greenpower Energy Limited has executed a binding Heads of Agreement with Guyana Strategic Metals Inc. (GSM), to acquire up to a 74% interest in the Morabisi Project (to date GPP has acquired a 51% interest).  GSM is a private Canadian company established by a group of mining professionals with significant Guyanese experience and in-country expertise.

Over the past two and a half years, GSM has undertaken a substantial amount of work in terms of identifying areas within Guyana which are prospective for lithium and tantalum (including compiling, interpreting and undertaking desktop work in relation to historical information).

Work on the Project has seen extensive sampling confirm high levels of Tantalum in addition to geochemistry results confirming accessary minerals consistent with LCT type Pegmatites with strong Rb, Cs, Be and Ta anomalies. Encouragingly, lithium bearing pegmatites have been identified in outcrop within quartz-microcline-tourmaline zone and on-trend with mapped LCT type Pegmatite veins/ring dykes identified on margin of batholith with over 40 km of combined strike length.

The Phase 1 work has commenced at the Morabisi Lithium/Tantalum Project in Guyana. Phase 1 is focused on mapping and sampling historically reported spodumene occurrences in the southern margin of the Morabisi Batholith.  Phase 1 will also revisit historical mining camps in the Robello and Rumong-Rumong rivers, where Coltan (Niobium and Tantalum) production has been undertaken in the past from alluvial deposits. These historical camps coincide with the location of several zoned pegmatite veins and dykes described by the British Guiana Geological Survey (BGGS).

Greenstones adjacent to fertile granites are also key target areas for spodumene-bearing LCT pegmatites, and will be investigated as part of the Phase 1 program. South of the granite contact is approximately 20 km of NW-SE orientated ridgeline hosted in greenstones (metavolcanics and metasediments), where additional LCT pegmatites are expected to occur. This area has seen minimal sampling, however minerals are consistent with LCT pegmatites.