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Highlights
- GreenTech Metals (ASX:GRE) resumes drilling at Whundo Copper-Zinc Project.
- Focus on expanding copper-zinc resources at various exploration targets.
- The company completes a second tranche of a $2.3 million placement to fund exploration.
GreenTech Metals (ASX:GRE) has officially resumed its stage two drilling program at the Whundo Copper-Zinc Project, located in the West Pilbara region of Western Australia. The project is a crucial part of the company’s exploration efforts in the region, which is known for its rich mineral resources.
After a brief break over the holiday period, GreenTech's drilling contractor, Topdrill, is back on site and intensifying its efforts to target specific mineralised shoots at the Austin, Shelby, Yannery, and Ayshia prospects. These locations present substantial opportunities for expanding the existing copper-zinc resources at Whundo. The aim is to further unlock the potential of these resources through detailed exploration and drilling operations.
The focus of the ongoing drilling is to explore down-plunge conductors, which are believed to indicate mineralised zones. This effort could help significantly grow the existing resource base. Following this exploration, GreenTech plans to carry out downhole electromagnetic surveys on select holes to gather more data that will be vital for the next stages of drilling.
These downhole surveys will offer critical insights, allowing the company to strategize and target specific areas for follow-up drilling. Guided by the results from stage one, which included 1,710 meters of reverse circulation drilling, this next stage aims to reveal and, where possible, quantify new copper and zinc resources at the Whundo site.
The company’s Executive Director, Tom Reddicliffe, shared that the results from the fixed-loop electromagnetic surveys carried out in late 2024 are still being interpreted. The data from these surveys is expected to help pinpoint further drilling targets and potentially uncover even more of the resource potential in the area.
Furthermore, GreenTech Metals has successfully completed the second tranche of its $2.3 million placement, positioning itself financially to continue its exploration efforts. The funds from this placement will be directed towards advancing the company’s exploration and development plans within the highly prospective West Pilbara and Fraser Range regions, which are rich in lithium, copper, nickel, and cobalt.
GreenTech Metals remains dedicated to advancing its exploration projects in these mineral-rich regions, where there is a growing focus on critical minerals essential for global green energy initiatives. Investors and industry stakeholders continue to watch the company’s progress as its drilling programs may further expand the long-term potential of its assets.
