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GreenTech Metals Limited (ASX:GRE)

ALERT: Price-sensitive ASX Announcement for GRE
Current share price for GRE : $0.066 0 (0%)+
Announcement
Release
17 Dec 2025 9:11AM
Price at Release
$0.066
Full Release
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Summary
GreenTech Metals Limited has commenced the Phase 1 drilling program at the Munni Munni PGE-Cu-Ni Project located in the West Pilbara region of Western Australia. The project is situated on mining leases with a historical non-compliant JORC Mineral Resource Estimate. This Phase 1 drill program aims to include up to 20 Reverse Circulation and Diamond Drill holes totaling approximately 6,000 meters to verify and potentially expand the resource. The initiative is driven by rising PGE and copper prices, which provide favorable conditions for further development. The program is expected to transition Munni Munni’s resources into a JORC (2012) compliant standard by early 2026, with potential to improve project economics due to the consolidation with the nearby Whundo project. The site visit confirmed well-preserved historical core samples, aiding in the QA/QC process. The drilling will focus on verifying existing resources and exploring additional mineralization outside the current footprint.
Key Points
  • Munni Munni Project is one of Australia's largest undeveloped PGE systems.
  • Phase 1 drilling program includes up to 20 holes for verification and expansion.
  • Aims to achieve JORC (2012) compliance by early 2026.
  • Rising PGE and copper prices create favorable economic conditions.
  • Site visit confirmed excellent preservation of historical core samples.
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.