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GreenTech Metals Limited (ASX:GRE)

ALERT: Price-sensitive ASX Announcement for GRE
Current share price for GRE : $0.074 0.003 (4.23%)+
Announcement
Release
1 Dec 2025 3:22PM
Price at Release
$0.071
Full Release
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Summary
GreenTech Metals Limited has announced a transformative acquisition of a 70% stake in the high-grade Munni Munni PGE-Cu-Ni Project in Western Australia, with an option to increase its interest to 80%. The project is located in the Pilbara region, renowned for its platinum group elements and base metals. This strategic move consolidates significant landholdings into a 346km² contiguous package, promising extensive exploration and development potential. The acquisition involves cash and share considerations, and the project benefits from existing mining leases that secure tenure for exploration. The Munni Munni Project is a notable geologic feature, characterized by the Ferguson Reef's continuous PGE mineralization and historical drilling efforts that support future resource estimation and metallurgical work. GreenTech plans an imminent drilling campaign to update the resource estimation to JORC (2012) standards, aligning with rising PGE market demand.
Key Points
  • GreenTech Metals Limited (ASX: GRE) has entered into a binding agreement to acquire a 70% interest in the Munni Munni Project, with an option to increase to 80% within 12 months.
  • The Munni Munni Project is located in the West Pilbara region of Western Australia, known for its significant platinum group elements (PGE), copper, and nickel mineralization.
  • The Ferguson Reef within the Munni Munni intrusion is identified as a laterally persistent PGE horizon with a defined strike of 13km and potential extension up to 21km.
  • GRE has consolidated the Munni Munni landholding into a contiguous tenure of approximately 346km², facilitating both near-reef and regional exploration.
  • The acquisition terms include a cash payment of $500,000 and the issuance of 47 million acquisition consideration shares to the vendor, Alien Metals.
  • The project is supported by granted mining leases which provide a stable tenure for ongoing exploration and potential future development.
  • A historical non-compliant JORC (2004) Mineral Resource Estimate of 24 Mt at 2.9 g/t 4PGE for 2.2Moz has been reported for the project.
  • A new drill program is planned to commence soon, aiming to twin selected historic holes and achieve a JORC (2012) compliant resource estimate by early 2026.
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.