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GreenTech Metals Limited (ASX:GRE)

ALERT: Price-sensitive ASX Announcement for GRE
Current share price for GRE : $0.060 -0.02 (-25%)+
Announcement
Release
31 Jul 2025 8:13AM
Price at Release
$0.080
Full Release
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Summary
The quarterly report from GreenTech Metals Limited (GRE) for the period ending 31 March 2023 details the company's exploration and corporate activities, with a particular focus on their flagship Whundo Copper Project in the West Pilbara region of Western Australia. During the quarter, GRE reported significant progress, including positive drill results from the Whundo and Austin deposits, an expanded mineral resource estimate, and ongoing development of lithium and nickel-copper exploration programs. The company also highlights strategic partnerships, successful capital raising, and plans for further resource expansion and metallurgical studies. Cash flow statements and funding updates are included, reflecting GRE's ongoing commitment to advancing its portfolio of battery metals projects.
Key Points
  • Significant drill results reported at Whundo and Austin deposits, confirming high-grade copper-zinc mineralization.
  • Updated mineral resource estimate at Whundo Project, showing increased tonnage and improved copper grades.
  • Ongoing exploration for lithium and nickel-copper at adjacent projects, with encouraging early results.
  • Strategic collaboration with Artemis Resources Limited for exploration in the West Pilbara region.
  • Successful capital raising of $3.1 million to fund ongoing exploration and development activities.
  • Metallurgical test work initiated to optimize copper-zinc recoveries from Whundo ore.
  • Appendix 5B cash flow report details exploration and evaluation expenditure of $1.1 million for the quarter.
  • GRE remains well-funded with a cash balance of $3.2 million as at 31 March 2023.
  • Plans in place for expanded drilling campaigns and resource growth at priority targets.
  • Ongoing assessment of development scenarios and potential processing routes for Whundo and other assets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.