What's Happening?
GreenTech Metals, listed on the Australian Securities Exchange as ASX:GRE, is advancing its exploration efforts at the Munni Munni PGE Project in Western Australia by deploying a second drill rig. This
move is part of the first phase of their drilling program, which aims to verify historical resource estimates. The program involves drilling up to 20 holes across a total of 6,000 meters. The company secured $5.2 million in December 2025 to fund this exploration, resource evaluation, and associated testwork. Simon Kidston, the Non-executive Chairman of GreenTech, expressed satisfaction with the program's acceleration, emphasizing its potential to unlock significant resources in the PGE-Cu-Ni project. The company plans to analyze diamond cored mineralization, with assay results expected by February 2026.
Why It's Important?
The acceleration of GreenTech's drilling program at Munni Munni is significant for the mining industry, particularly in the context of increasing global demand for precious metals and minerals like platinum group elements (PGE), copper, and nickel. These resources are crucial for various industries, including automotive and electronics, which rely on them for manufacturing components such as catalytic converters and batteries. The successful verification and expansion of resources at Munni Munni could enhance GreenTech's market position and contribute to the supply chain of these critical materials. Additionally, the investment and development in this project could stimulate economic activity in the West Pilbara region, potentially creating jobs and supporting local businesses.
What's Next?
Following the completion of the drilling program, GreenTech Metals anticipates receiving assay results by February 2026. These results will be crucial in determining the next steps for the project, including potential resource expansion and further development plans. The company may also engage with stakeholders, including investors and local communities, to discuss the implications of the findings and future opportunities. Depending on the outcomes, GreenTech could consider additional phases of exploration or move towards the development stage, which would involve more detailed planning and potentially securing further funding.
