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Greentech encounter promising intersections at Whundo  

9 February 2022
ASX: GRE
Rueben Hale

GreenTech Metals has intersected high-grade copper and zinc following 3,000-metre reverse circulation drilling, exploring down-dip and lateral extensions of the combined 2.7 million tonnes Whundo and West Whundo open pits in the Pilbara. 

Mineralised intersections yielding highs of 3.7 per cent Cu and 18.5pc Zn from 43m, and 4.6pc Cu and 16.0pc Zn over 65m fuelled a mouth-watering prospect of upgrading the already hefty indicated located less than 1,500m from the historic Whundo site.  

The company said it is upbeat about success, believing it has the right project, in the right location, and at the right time.

“We are incredibly pleased that our initial test holes into the Whundo resource have provided strong confirmation of the significant copper and zinc grades historically mined at Whundo.   

“This is a great start to our drilling program with modelling of the Whundo legacy drilling and other datasets also providing valuable insights into post emplacement dislocation of the greater Whundo resource.  

“We remain excited about this maiden drill program for Greentech and are very confident that as our investigations progress, the significance of this unusual copper-zinc resource will be enhanced”.  

Modelling of the drill hole and other relevant datasets are continuing to identify potential new resource targets.  

The first consignment of 522 samples has been sent to Perth for laboratory testing. 

GRE’s Australian Stock Exchange-listed price has risen 15.52 per cent today, trading at 33.5c (11: 03 am UTC+8 hours) 

COMPANY OVERVIEW

GreenTech Metals Limited (ASX:GRE) is an exploration and development company established to discover, develop and acquire resource projects to supply the growing demand from global electrification – driven largely by energy storage via batteries and electric vehicles. The green energy transition is underway and will require substantially more metal supply for the electrification of the global vehicle fleet and for the massive investment in the electrical grid, renewable energy infrastructure and storage. With a high-quality suite of Ni, Cu and PGE assets in the underexplored West Pilbara region of Western Australia, the Company will also seek to acquire additional projects to feed the metal required for the manufacture of batteries and electric vehicles, such as lithium, rare earths, and other specialty metals from projects located both in Australia and overseas.

COMPANY INFORMATION

ASX: GRE

Website

https://greentechmetals.com/
https://www2.asx.com.au/markets/company/gre

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