$1 xmas party, page-4

PNN - PepinNini Limited today closed up 36% to finish at 55c on $20m stock traded. The reason they were up today was because they announced it had signed an agreement with Ganfeng Lithium to allow a pipeline to carry lithium brine across its Santa Ines project.

The agreement also means both parties will jointly carry out an induced polarisation (IP) geophysical survey on 11 kms of the pipeline trace proposed within PNN SA’s Santa Ines project.

There were some massive bids today, it could be the same bunch from KNI.asx & PAM.asx who have no fear of throwing 400k bids and stacking the buy side and then disappearing for a while and flushing out any weaker hands.

This is on the back of their lithium result on Wednesday which no doubt you read about in here on Wednesday night.

Some details on today's news are listed below:

PepinNini signs agreement with Ganfeng Lithium for brine pipeline access

PepinNini subsidiary PepinNini SA (PNN SA) advises that it has signed an agreement in Argentina with Litio Minera SA a subsidiary of Ganfeng Lithium, for a pipeline to carry lithium brine from Ganfeng’s Mariana Project in Salta Province.

The pipeline is proposed to run from Ganfeng’s Mariana Project south west of the Santa Ines Project owned by PNN SA to the north east passing through the Santa Ines Project en route.

The agreement provides for PepinNini and Ganfeng to jointly carry out an Induced Polarisation(IP) geophysical survey on 11 kms of the pipeline trace proposed within PNN SA’s Santa Ines Project.

Both parties will contribute to the survey cost, which highlights the working relationships between lithium brine companies in Argentina.

The 12 day survey will commence in October and provide a useful interpretive tool for both parties.

For PepinNini it will be an exploration tool for copper-gold mineralisation targets for drill testing while it will give Ganfeng reassurance that the pipeline trace will not require relocation in the event of a mineral discovery.

The pipeline is a more environmentally-friendlyoption than road for brine transport. As per the ASX announcement on 20 October2020 PepinNini plans to conduct a two-borehole drilling program at two prioritycopper-gold targets on the Santa Ines Project.