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GreenX Metals ( (AU:GRX) ) just unveiled an update.
GreenX Metals Limited has discovered a historical drill database from the 1930s in German archives, which includes 95 drillholes that were foundational in the development of three copper mines during the late 1930s. This discovery is expected to save significant costs and time for the ongoing exploration at the Tannenberg Copper Project, enhancing the company’s confidence in delineating copper resources. The integration of these historical drill logs into GreenX’s current database is underway, supporting further exploration activities and highlighting Tannenberg as a promising brownfields opportunity.
The most recent analyst rating on (AU:GRX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GreenX Metals stock, see the AU:GRX Stock Forecast page.
More about GreenX Metals
GreenX Metals Limited operates in the mining industry, focusing on the exploration and development of copper resources. The company is involved in projects that aim to delineate sedimentary-hosted copper resources, with a significant focus on the Tannenberg Copper Project in Germany.
Average Trading Volume: 26,554
Technical Sentiment Signal: Hold
Current Market Cap: A$208.1M
See more insights into GRX stock on TipRanks’ Stock Analysis page.