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Greentech Metals Ltd. ( (AU:GRE) ) has issued an update.
GreenTech Metals has completed the acquisition of a 70% interest, with an option to increase to 80%, in the high-grade Munni Munni platinum-palladium-copper-nickel project adjacent to its Whundo Copper-Gold deposit in Western Australia’s West Pilbara. The deal consolidates a dominant district-scale footprint of more than 500km², including a 346km² package of mining leases and exploration licences at Munni Munni and Munni Munni South, underpinned by a substantial historical PGE-copper resource defined by extensive drilling, though not yet reported under current JORC (2012) standards. Strengthening PGE prices and rising global demand for critical minerals are seen as enhancing the project’s strategic and economic potential, with GreenTech now sole-funding a joint venture and free-carrying the vendor through to a bankable feasibility study. A Phase 1 program of about 6,000m of diamond and reverse circulation drilling is underway, supported by two rigs, to verify historic data, restate the mineral resource under JORC (2012), test for resource growth beyond the known mineralised envelope, and collect material for metallurgical studies, positioning the company for potential resource upgrades and advancement of the project in early 2026.
The most recent analyst rating on (AU:GRE) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Greentech Metals Ltd. stock, see the AU:GRE Stock Forecast page.
More about Greentech Metals Ltd.
GreenTech Metals Limited is an Australian exploration and development company focused on critical and battery metals, including copper, gold, platinum group elements (PGEs), nickel and associated base metals. Its projects are concentrated in the Tier 1 West Pilbara mining region of Western Australia, where it is consolidating a district-scale landholding around its Whundo Copper-Gold deposit and newly acquired Munni Munni platinum-palladium-copper-nickel project.
Average Trading Volume: 958,099
Technical Sentiment Signal: Buy
Current Market Cap: A$29.09M
For an in-depth examination of GRE stock, go to TipRanks’ Overview page.