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GreenX Metals ( (AU:GRX) ) just unveiled an announcement.
GreenX Metals has uncovered a historical estimate from 1940, revealing 728,000 tonnes of contained copper at an average grade of 2.6% in the Tannenberg Copper Project area. This estimate, based on drilling conducted by Mansfeld AG, was further validated by a 1984 estimate from St Joe Exploration, which confirmed consistent copper grades and included silver as a by-product. The findings suggest significant exploration potential beyond the known Kupferschiefer horizon, aligning with modern geological models and reinforcing the project’s potential as a major European copper opportunity. GreenX is actively working to upgrade historical data to modern standards and plans future drilling campaigns to establish a mineral resource estimate in accordance with the JORC Code.
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 is a company engaged in the exploration and development of mineral resources, focusing primarily on copper projects. The company is listed on multiple stock exchanges, including ASX, LSE, GPW, and Germany-FSE, and is actively involved in exploring the Tannenberg Copper Project in Germany.
YTD Price Performance: 10.29%
Average Trading Volume: 19,298
Technical Sentiment Signal: Sell
Current Market Cap: A$215.3M
See more data about GRX stock on TipRanks’ Stock Analysis page.