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GreenTech Metals Restarts Key Drill Program at Munni Munni PGE-Cu-Ni Project

Story Highlights
  • GreenTech Metals has restarted a 6,000-metre Phase 1 drilling program at its Munni Munni PGE-copper-nickel project to verify and potentially expand the historic resource and upgrade it to JORC 2012 standards.
  • Stronger PGE and copper prices and the consolidation of Munni Munni with the nearby Whundo project position GreenTech for a potential district-scale, multi-commodity hub pending shareholder approval of the Munni Munni acquisition.
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GreenTech Metals Restarts Key Drill Program at Munni Munni PGE-Cu-Ni Project

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Greentech Metals Ltd. ( (AU:GRE) ) has provided an update.

GreenTech Metals has restarted its Phase 1 drilling campaign at the Munni Munni PGE-Cu-Ni Project in Western Australia after a festive season pause, with diamond drilling already underway and a second rig about to begin reverse circulation drilling for a combined 6,000 metres across up to 20 holes. The program aims to verify and potentially expand the historically defined mineral resource, upgrade it to current JORC (2012) standards, and generate metallurgical samples, leveraging well-preserved historical core and data to accelerate QA/QC work. Management positions this as a defining program designed to unlock the value of what it describes as a world-class PGE-copper-nickel asset, with stronger PGE and copper prices and the consolidation of Munni Munni with the nearby Whundo project enhancing the strategic case for a district-scale development and setting up a clearer pathway for future technical and commercial evaluation, subject to shareholder approval of the Munni Munni acquisition later this month.

The most recent analyst rating on (AU:GRE) stock is a Hold with a A$0.15 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 Ltd is an ASX-listed exploration and development company focused on battery and critical metals, including copper, nickel, platinum group elements and associated gold and zinc. Its key assets in Western Australia include the Munni Munni Platinum-Palladium-Copper-Nickel Project and the nearby advanced Whundo Copper-Zinc-Gold Project, which together are being positioned as a potential district-scale, multi-commodity development hub in the West Pilbara region.

Average Trading Volume: 765,159

Technical Sentiment Signal: Buy

Current Market Cap: A$26.31M

See more data about GRE stock on TipRanks’ Stock Analysis page.

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