GreenTech Metals Ltd - STAGE ONE OF WHUNDO COPPER DRILL CAMPAIGN COMPLETED

About this update from Greentech Metals Ltd.

GreenTech Metals Ltd (ASX: GRE), ('GreenTech' or 'the Company') is pleased to announce completion of the first stage of the follow-up drill program at the Whundo Cu-Zn project. This initial campaign targeted the Cu-Zn prospects at Austin , Shelby and Ayshia, with a total of 1,743m drilled. Follow-up downhole electromagnetic (DHEM) surveys were completed on the 3 holes that were drilled to target depth. Two holes which attempted to target Shelby were terminated before reaching target depth due to severe deviation of the holes. The results of the DHEM surveys will assist in the planning of further follow-up drill holes and which will likely include an increase in the metres to be drilled for the overall program. GreenTech's Executive Director, Tom Reddicliffe , commented: 'We are pleased that we have safely and successfully completed the initial stage of our planned staged drill program. This program aims to methodically explore the deeper reaches of the Austin , Shelby and Ayshia VMS deposits which represent great potential to significantly expand the project resources based on the size of their associated geophysical signatures and the results of previous drilling. We look forward to the results of the follow-up DHEM surveys which have also been completed and the drill sample assays. Based on these results a second stage of drilling will be planned and implemented.' The second stage of the drill program will continue to target the under-explored mineralised prospects at Austin , Shelby , Yannery and Ayshia once the new drill sample and DHEM survey data has been incorporated into the individual deposit models. The aim of the program, initially guided by a project review completed in early-May which identified the potential for significant expansion of the existing Whundo/Ayshia Mineral Resource1, remains unchanged and is focused on identifying and where possible quantifying new resources. The identified targets present potential to significantly increase existing Cu-Zn resources of 6.19Mt @ 1.12% Cu, 1.04% Zn. Contact: Mr Thomas Reddicliffe Executive Director GreenTech Metals Limited Tel: +61 8 6261 5463 Email: [email protected] David Tasker Media & Investor Relations Chapter One Advisors Tel: +61 433 112 936 Email: [email protected] About GreenTech Metals Limited The Company is an exploration and development company primarily established to discover, develop and acquire Australian and overseas projects containing minerals and metals that are used in the battery storage and electric vehicle sectors. The Company's founding projects are focused on the lithium, copper, nickel and cobalt potential within the West Pilbara and Fraser Range Provinces. The green energy transition that is currently underway will require a substantial increase in the metals supply of these minerals and metals for the electrification of the global vehicle fleet and for the massive investment in the electrical grid and renewable energy infrastructure and storage. Competent Person Statement Thomas Reddicliffe, BSc (Hons), MSc, a Director and Shareholder of the Company, is a Fellow of the AUSIMM, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Thomas Reddicliffe consents to the inclusion in the report of the information in the form and context in which it appears. (C) 2024 Electronic News Publishing, source ENP Newswire

View stock analysis, news, and events for Greentech Metals Ltd.