GreenTech Metals Ltd (ASX: GRE) has commenced trading on the ASX, having successfully raised A$5m in a strongly supported IPO.
Executive Director, Thomas Reddicliffe, said drilling at Whundo is expected to commence January targeting extensions to the existing resource and a number of high priority greenfields copper exploration targets
“GreenTech is extremely pleased with its IPO capital raising,” Mr Reddicliffe said.
“The company has consolidated a highly prospective package of projects in Western Australia, focussing on commodities that will address the strong demand from the EV and renewable energy sectors.
“GreenTech is well-funded to undertake extensive and high-impact exploration programs over the next two years, with an immediate focus at the Whundo Copper-Zinc project, and to explore for new nickel deposits in this highly prospective region.
“The Company has secured an RC drill rig to commence at Whundo this month, with the near-term focus being to test multiple drill-ready targets aimed at growing the existing JORC compliant resource of 2.7Mt @ 1.14% Cu and 1.14% Zn (for 30,000t contained copper and 30,000t contained zinc).”
In Western Australia, the company has assembled a highly prospective multi-commodity land package situated in the prolific mineral fields of the West Pilbara, the Fraser Range and the Windimurra igneous complex.
Upcoming work programmes
GreenTech has secured an RC drill rig to undertake a substantial drill programme which will commence at the Whundo copper-zinc project this month.
The programme will aim to:
• drill test the down dip extensions to known resources at the adjacent Whundo and West Whundo open pits;
• drill to quantify and upgrade known mineralisation at the Yannery and Ayshia copper-zinc prospects;
• drill test VTEM/MLEM conductor targets within and in proximity to the Whundo prospective corridor;
• drill test the chargeable and resistive target trend identified between Yannery and Ayshia prospects; and
• drill testing of three VTEM/MLEM conductor plates modelled at <100m depth and in proximity to the known Ruth Well copper-nickel resource.
Additionally, GreenTech has secured the services of a top tier geotechnical team to undertake further ground-based GPX surveys at both Whundo and the Ruth Well nickel project, which will be aimed at identifying new targets.
For further information please visit: https://greentechmetals.com/
