Green Capital Lithium Project

Madagascar

Reconnaissance Field Survey Program

2023
 Green Capital Lithium Project
Recc Field Survey 2023

1 Introduction
 Green Capital Lithium Prospect area is about 37.5 sq. km, made up of six (6) square blocks of
2.5km side each. Two of the blocks (i.e) 12. 5 Sq. km area within the prospect area has full-scale
mining license (PE) and the remaining four blocks (i.e) 25 Sq. km area has research license
(GCH) which can also be upgraded to PE if needed. These licenses are 100% owned by Green
Capital Holdings (GCH) through its subsidiary.
License License Size km2 Size in Other Notable
category ID acres Commodities
PE 24047 12.5 3,089 Caesium, Tantalum,
Platinum, Rubidium,
Tourmaline, Beryl
PR 23346 25 6,177 Quartz, Cristal,
Tourmaline, Beryl,
Citrine

Table 1-1 Details of License area

 Green Capital Lithium license area is located in the central part of Madagascar. Approximately
135km (linear distance) South– West of Antananarivo and 24km south west of Antsirabe.

Figure 1-1: Green Capital Lithium project, location and access map

 Geology of the Area : Main Litho units with the license area is quartzites, schists and dolomitic
marbles. Among the three types of the Lithium deposit known in the world, the Green Capital

Page 1 of 5
 Green Capital Lithium Project
Recc Field Survey 2023

Lithium is of pegmatite type. Lithium is available in the form of spodumene and lepidolite.
Within the license area, eight (8) pegmatite zone were delineated. Visible width varies from 30 to
178m and visible length from 200 to 740m.
 The license area is close to Lithium Prospect held by Greenwing Resources Ltd ( previously
BASS METALS Ltd, Australia) who has done extensive work in developing the prospect to
mine.

Figure 1-2: Green Capital Lithium project, showing Area of Interest for proposed Field activity 2023

2 Previous Exploration Activity

 During the exploration phase of 2021-2022, Geological mapping and number of test pits were
made to delineate lithium bearing pegmatite zones and number of samples collected within the

Page 2 of 5
 Green Capital Lithium Project
Recc Field Survey 2023

test pits indicating mineralization of lithium in the form of lepidolite and spodumene. Details of
test pits are as follows.
UTM_EASTIN UTM_NORTHIN
PIT_ID Altitude Depth_m
G G
MRTP001 702748 7780694 1575 14.85
MRTP002 702762 7780619 1558 2.00
MRTP003 702730 7780542 1573 7.30
MRTP004 702434 7779000 1599 11.20
MRTP005 702487 7779049 1592 10.40
MRTP006 702533 7779635 1534 7.20
MRTP007 702592 7779200 1592 17.90
MRTP008 702554 7779465 1540 6.30
MRTP009 702707 7780157 1572 16.40
MRTP010 702705 7779872 1522 9.10
MRTP011 702515 7779008 1599 23.60
MRTP012 702434 7778944 1606 7.00
MRTP013 702408 7779022 1597 14.50
MRTP014 702561 7779650 1530 10.50
MRTP016 702756 7780690 1567 12.70
MRTP017 702777 7780689 1562 20.10
MRTP018 702738 7780279 1595 13.10
MRTP020 702711 7779966 1537 15.00
MRTP021 702576 7779671 1528 10.70
MRTP022 702543 7779630 1529 11.20

Table 2-2 Location of Test pits within Green Capital Lithium Project.

Page 3 of 5
 Green Capital Lithium Project
Recc Field Survey 2023

3 Objective of Current field activity

 A team of 2 geologist with field assistants shall be deployed to carryout 2 week field study
program to collect datas on reconnaissance field mapping within the area of interest. (Fig
1-2)

 Collect GPS coordinates of all old works, test pits, camp, if any new pits other than above
mentioned pits( Table 2.1) it has to be mapped systematically, sampled for any interesting
mineralized zone and photos to be taken during the field activity and sampling program.

 Collect representative samples within the mineralized pegmatite zones with indication of
lepidolite and spodumene in the test pits and from the outcrops.

 Collect field photos of outcrops covering most of the license area during field traversing.

 Collect sufficient field photos and field datas near to Greenwing resources area adjacent/
east of Green Capital lithium project area.

 All photos shall be collected with name plate of Classic real stones

 Samples photos shall be shared to the management from the field to confirm the
mineralized zones.

Page 4 of 5