GPH - Fertilizer or Gold

[penn]

Goldphyre


(-Not Mrs Doubtphyre-) DYOR
but a (asx) Mineral explorer with Market cap only 3m. and
100% of six projects made up of 11 tenements - Lake Wells, Yamarna, Mailman Hill, Island View,
Laverton Downs and Gambier Lass.
----Now The Lake Wells Project tenements have been largely under-explored. Historically, the region was considered too
remote and received little, systematic exploration. The Archaean geology was also not well understood and in many
places covered by sand deposits which also discouraged past explorers – until now. A recent study carried out by the
Geological Survey of WA (part of the Dept. of Mines and Petroleum) in 2010 found that the Yamarna Belt was similar
in age and characteristics to the Kalgoorlie Terrane greenstone rocks.
So Could be gold in themtharhills. But - looks like they have found 'SOP' Sulphate of potassium. -Essential in fertilizers,
And:- analysis,
"positions the Lake Wells Potash Project amongst the globe’s highest grade SOP brine
projects."


"The Lake Wells Potash Project is aiming to become the first Australian brine 'SOP' operation meeting the
domestic market demand"


"Australia imports 100% of its annual 'SOP' requirements, estimated at 500,000 tonnes per annum"
"SOP is a premium potash fertilizer (SOP prices are currently US$680-A$880/t) with limited supply globally."


(From Investor Presentation 24/june 2015-)


The Lake Wells Potash Project is 100% owned
Lake Wells identified as one of the highest
potash potential salt lakes in Australia
Very high grades at surface - exploration at depth required to uncover potential
No Native Title claim existing
Low CAPEX brine operation potential
Highly conducive environment for evaporation ponds
Eastern Goldfields location with quality infrastructure, 300kms overland to bulk rail terminal at Leonora
Drilling campaign imminent to determine potential at depth.
DYOR but at 3m market cap I for one would rather let these guys do the drilling, and (IF) they were to find a Lithium deposit
in the deeps...aswell ..well who knows... IF not DYOR... (WTFWIK) ;) DYOR

[babymonster]

i like this one and been following it for a while. Good but below 4c.

[penn]

Ah Yes... Agree
First part of new $1m (to develop Lake Wells Project) cap raise is 17 million shares at 3.2c/share (SOPS?)
But Mrs Market had this at 5c just yesterday so -split the Diff...Buy at 4.1?

[penn]

Drill results out! sp up38% TODAY (biggest ASX mover today)

Outstanding High-Grade Sulphate of Potash
Results to Depths of Over 100m


Estimate of the aquifer at over 1.6 billion cubic meters.
And located adjacent to the main Australian wheat belt.


Executive Chairman of Goldphyre Matt Shackleton, said, “The very strong
potassium grades recorded in over 260 samples from depths up to 141 metres
downhole comprehensively validates our drill program plan. From surface we
see significant high-grade, broad intercepts both on the lake surface proper,
and from beneath the kopai dunes and lake surrounds. The Company is well funded for the next stage of work, and we are
now engaging consultants across hydrogeological disciplines to fast track
resource modelling,


- confirmed strong, high-grade potash grades from AC drill holes on sites
adjacent to the lake surface. Over 50% of the drill holes were completed
over a 50m - 400m range from the salt lake surface;
- generated very encouraging indicative brine flow test data from low
pressure airlifting, ranging up to 2 litres per second, from drill holes both on
the lake surface and adjacent surrounds;

THE WORLD NEEDS FOOD (HOPE THIS HELPS)

[kenbeth]

this one is moving ..thank you penn..took a profit and free carried today.

[penn]

I am accustomed to 3.8% a year from my bank.
100% in a week makes my head spin.
Still so few sellers,
does it have a bit more to give?
Hardly a worry when free-carried.:t_up: