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Greentech Metals Ltd. ( (AU:GRE) ) has shared an announcement.
Greentech Metals Ltd has announced the acquisition of a 70% stake in the Munni Munni Platinum Group Elements-Copper-Nickel Project, with an option to increase this to 80%. This strategic acquisition, adjacent to their Whundo Copper-Gold deposit, consolidates a large land package in the West Pilbara region, enhancing their position as a major tenement holder. The acquisition is expected to boost the company’s operations by providing a high-grade asset with significant resource growth potential, supported by rising PGE prices. The company plans to commence drilling imminently to update the resource estimate to JORC (2012) standards, aiming to capitalize on the strong investor demand in the PGE market.
More about Greentech Metals Ltd.
Greentech Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of precious and base metals. Its primary products include platinum, palladium, copper, and nickel, with a significant market focus on the West Pilbara mining region of Western Australia.
Average Trading Volume: 179,830
Technical Sentiment Signal: Hold
Current Market Cap: A$8.05M
For detailed information about GRE stock, go to TipRanks’ Stock Analysis page.