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Highlights
Greentech Metals (ASX:GRE) initiates review of Whundo copper project to examine gold content
High-grade gold assays detected within existing copper-zinc mineralised zones
Company evaluates updated mining and processing models amid commodity price movements
Greentech Metals (ASX:GRE), an exploration company listed on the ASX 200, has begun a detailed reassessment of its Whundo project in Western Australia. The project, situated within a region known for base and precious metal deposits, is currently under review to explore its viability for near-term production and added gold content. The company's activities align with broader developments across resource-focused ASX indices, particularly in response to dynamic pricing in global commodity markets.
Significant Gold Presence Linked to Copper Zones
The Whundo project comprises extensive historical exploration data, with over a thousand drill holes and tens of thousands of assay results previously gathered across the site. Preliminary interpretations of this data reveal a consistent correlation between gold and copper mineralisation across key shoots within the tenement area. This association forms a critical basis for the current reassessment.
The review has highlighted notable gold values intersected across mineralised zones, including the Austin, Shelby and Ayshia shoots. These areas are recognised as core structural components within Whundo’s existing copper-zinc resource. New interpretations of assay results are being integrated into updated geological models to reflect both gold and base metal content.
Market Factors Influence Production Strategy
The company’s renewed focus on the project follows a period of significant changes in commodity pricing, especially for gold. According to Greentech, these changes have shifted the comparative economic outlook for in-situ gold relative to copper, prompting a more robust evaluation of gold-enriched zones within the resource.
In response, Greentech has engaged external consultants to undertake a detailed review of mining and processing pathways. The intent is to explore viable options for bringing Whundo into production using the current understanding of mineral grades and market conditions. Scenarios under evaluation include a range of throughput scales, recovery methods and process facility options.
High-Grade Assays Drive Resource Re-Estimation
Several new assay interpretations have emerged from this review. The data includes isolated high-grade results and broader intercepts indicating multi-metal enrichment. Key intervals feature notable gold values alongside copper and zinc, with emphasis placed on composite intercepts that could improve the overall resource quality.
Greentech is integrating these latest results into an updated resource estimate for Whundo. This new model aims to reflect the revised understanding of the deposit’s economic makeup, especially the influence of gold within copper-rich zones. The updated estimate will guide decisions on development strategies and timing for any future operational steps.
Whundo Project Remains Under Technical Evaluation
While the Whundo review is ongoing, Greentech Metals (ASX:GRE) continues to compile, validate and interpret a significant amount of technical data. The company's efforts to reevaluate the resource reflect its intent to adapt exploration plans in response to evolving sector trends and geological insights. Further outcomes from this review are expected to determine the feasibility of transitioning from exploration to production at the Whundo site, aligning with broader themes seen across the base metals sector.
