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GreenX Metals Limited (ASX:GRX)

ALERT: Price-sensitive ASX Announcement for GRX
Current share price for GRX : $1.040 0.16 (18.18%)+
Announcement
Release
4 Aug 2026 8:20AM
Price at Release
$0.880
Full Release
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Summary
GreenX Metals Limited (ASX:GRX) has expanded its gold and critical minerals portfolio in East Greenland by securing two new exploration licences at the Eleonore North Project. These new licences, covering approximately 1,600 km², are prospective for reduced intrusion-related gold systems (RIRGS) and complement the company's existing licences. The area is rich in historical mineral findings, including gold, tungsten, and other critical minerals. Recent fieldwork has tested the RIRGS model over these intrusions, with first results expected soon. The company emphasizes the strategic importance of tungsten, a critical mineral designated by the EU and the US, which has increased in global demand following export controls by China. The Eleonore North project now spans four licences, totalling around 2,100 km², allowing GreenX to explore untapped Caledonian intrusions.
Key Points
  • GreenX Metals Limited secures two new exploration licences in East Greenland.
  • The new licences are prospective for reduced intrusion-related gold systems (RIRGS).
  • Historical exploration noted significant gold and scheelite occurrences.
  • Fieldwork has been completed with results expected shortly.
  • Tungsten is highlighted as a critical mineral with increased strategic importance.
  • The total exploration area at Eleonore North now covers approximately 2,100 km².
  • No drilling results are reported, only grab 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.