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GreenTech Metals (ASX:GRE) has completed its phase one drill program at the recently acquired Munni Munni multi-element project in Western Australia.
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The program featured a combined 2,682 metres of reverse circulation (RC) and diamond (DD) drilling across 12 holes completed, including six infill RC holes to provide information on resource continuity in selected areas.
GreenTech also used the stored Munni Munni historical core to resample selected mineralised core sections, filling the complement of drill holes required to undertake QA/QC validation of the historical resource.
The explorer’s CEO, James Rattenbury, said phase one drill program was originally planned to comprise up to 20 RC/DD holes for approximately 6,000 metres to provide QA/QC verification of the historical modelled resource sufficient to enable a re-estimation of the MRE to JORC (2012) standard.
However, the company has also confirmed this program was slightly modified following a positive assessment of the Munni Munni historical core.
“We are very pleased that our Phase One drill program at Munni Munni was completed ahead of schedule due to the availability and suitability of the stored historical drill core at Munni Munni,” Mr Rattenbury said.
“This has accelerated our program, reduced costs, and pushes us closer to… unlocking the full potential of this world-class platinum-palladium-copper-nickel project.
“With strong global demand for PGEs, improving metal prices, and district-scale consolidation achieved, this drilling is designed to transition Munni Munni into a modern, JORC (2012) resource and position… for the next phase of technical and commercial evaluation to create value for our shareholders.”
In early December CY25, the company made what it described as a “transformational” move when it entered into a binding agreement to acquire 70% of Munni Munni, considered one of Australia’s most significant PGE intrusions, hosting a large, laterally continuous reef containing platinum, palladium, rhodium, and gold.
The company was the first explorer to consolidate the Munni Munni layered mafic intrusion and the broader 346 sq. km land package, bringing together underexplored ground highly prospective for CPGMs and copper.
Including the adjacent Whundo copper project, Greentech’s total consolidated project area now covers more than 500 sq. km in the district, making it one of the largest tenement holders in the West Pilbara.
GRE was down -14% to 8.6c on Monday.
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