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GreenX Metals ( (AU:GRX) ) has provided an announcement.
GreenX Metals Limited announced the results of modern assays conducted on archived drill cores from the Tannenberg Copper Project in Germany. These results confirm historical copper grades and reveal thicker mineralization than previously estimated, suggesting significant resource potential. The findings support GreenX’s geological model, indicating that mineralization extends beyond the narrow Kupferschiefer shale horizon, similar to KGHM’s operations in Poland. This development positions GreenX favorably within the industry, as it continues to explore the project’s scale and potential for new discoveries, with implications for stakeholders seeking substantial copper resources in Europe.
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 engaged in projects that aim to validate and expand historical exploration data, particularly in the Richelsdorf Mining District in Germany.
Average Trading Volume: 50,233
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$238.3M
Learn more about GRX stock on TipRanks’ Stock Analysis page.