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GreenX Metals Limited (ASX:GRX)

ALERT: Price-sensitive ASX Announcement for GRX
Current share price for GRX : $0.930 0.02 (2.20%)+
Announcement
Release
14 May 2026 8:21AM
Price at Release
$0.910
Full Release
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Summary
GreenX Metals Limited announced the identification of new high-priority tungsten and antimony targets at the Eleonore North Project in East Greenland, following the reprocessing of historical airborne hyperspectral data. This analysis revealed multiple hydrothermal alteration zones and a 2km-long prospectivity anomaly at North Margeries. The upcoming 2026 fieldwork will aim to test these targets and gather bulk samples for metallurgical testing, bolstering the potential for future drill-ready targets. Tungsten and antimony, deemed critical raw materials, are predominantly sourced from China, positioning GreenX's findings as strategically significant.
Key Points
  • New high-priority tungsten and antimony targets identified at Eleonore North in East Greenland.
  • Targets identified through reprocessing of historical airborne hyperspectral data.
  • Multiple zones of hydrothermal alteration detected, indicating potential for new discoveries.
  • 2km-long prospectivity anomaly found at North Margeries near a major fault structure.
  • Fieldwork planned to test new targets and conduct metallurgical testing.
  • Tungsten and antimony are critical materials with supply concentrated in China.
  • GreenX aims to confirm drill-ready targets in 2026 field season.
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.