GreenTech Metals consolidates Munni Munni position as data review flags resource upside

Greentech Metals Ltd. ( (AU:GRE) ) has issued an announcement.

GreenTech Metals has completed the acquisition of a 70% stake, with an option to increase to 80%, in the high-grade Munni Munni PGE-copper-nickel project next to its Whundo operation in Western Australia, consolidating more than 500 square kilometres of tenure along the 13-kilometre Ferguson Reef. Management describes the deal as transformational, giving the company a dominant, underexplored position in a premier mining district and strengthening its platform in platinum group elements and base metals.

During the quarter, the company finished a Phase 1 drilling program of 2,928 metres across 12 holes and undertook extensive resampling of well-preserved historical core from 16 drill holes, sending 2,199 samples for assay to support JORC 2012-compliant resource work by Snowden Optiro. A review of historical data has highlighted high-grade PGE zones, under-recognised copper and nickel mineralisation and shallow eastern targets, prompting an expanded resource re-estimation program that could materially upgrade the Munni Munni resource, while a refreshed leadership structure, including the appointment of a new chief executive, underpins the next stage of exploration and development.

More about Greentech Metals Ltd.

GreenTech Metals Limited is an Australian mineral exploration company focused on battery and critical metals, including copper, nickel and platinum group elements in Western Australia. The company’s key assets are the Whundo Copper-Zinc-Gold Project and the adjacent Munni Munni PGE-Cu-Ni Project in the West Pilbara mining region, where it is assembling a consolidated land position over highly prospective ground.

Average Trading Volume: 850,384

Technical Sentiment Signal: Sell

Current Market Cap: A$23.33M

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