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The latest update is out from GreenX Metals ( (AU:GRX) ).
GreenX Metals has announced the successful completion of a 58 square kilometer airborne magnetic and radiometric survey over the Tannenberg Project in Germany, which has identified significant geological structures beneath the historic Richelsdorf copper mines. This discovery, marking the first modern exploration in 40 years, reveals the presence of the Mid-European Crystalline Zone (MECZ), a primary source of copper in the region, suggesting substantial potential for copper mineralization. The findings provide a strong geological basis for further exploration, supported by BHP Xplor, and highlight the strategic importance of copper for Germany and the EU.
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 operating in the mining industry, focusing on the exploration and development of copper resources. The company is particularly engaged in projects within the European Copperbelt, with a significant focus on the Tannenberg Copper Project in Germany.
YTD Price Performance: 6.62%
Average Trading Volume: 27,400
Technical Sentiment Signal: Sell
Current Market Cap: A$208.1M
For detailed information about GRX stock, go to TipRanks’ Stock Analysis page.