Greentech Metals Ltd - Transformational Acquisition of High-Grade Munni Munni Platinum-Palladium CopperNickel Project, WA

About this update from Greentech Metals Ltd.

Greentech Metals Ltd (ASX: GRE) (Greentech or the Company) is pleased to announce that it has entered into binding agreements with Alien Metals Limited (AIM: UFO) to acquire up to 80% of the historical Munni Munni PGE Project ('Project' or 'Munni Munni'), located adjacent to the Company's Whundo Copper-Gold deposit in the West Pilbara mining region of Western Australia . The Project includes four mining leases and two exploration tenements, excluding the silver rights to the tenements which are held by West Coast Silver Limited (ASX:WCE) and Alien Metals Limited on a 70/30 basis respectively. Concurrently, GRE has purchased 100% of an additional two exploration tenements at Munni Munni South. The collective tenement package consisting of ML's and EL's totals 346km2 in the Tier 1 mining jurisdiction of the Pilbara, Western Australia . The Munni Munni project acquisition is conditional upon meeting a number of conditions precedent, which include the obtaining of a number of approvals. This transformational acquisition provides the Company with an advanced asset, underpinned by a high-grade historical PGE-Cu-Ni deposit, with significant resource growth potential. Drilling is expected to commence imminently to twin selected existing drill holes to allow the Company to restate a JORC (2012) resource. Strengthening PGE prices have provided renewed interest in the Munni Munni layered mafic intrusion, where previous development was slowed by softer markets rather than geology. Improved metal prices and the consolidation of the nearby Whundo copper project and potential to increase the scale of the combined projects, has the potential to enhance project economics and provide a clear catalyst to re-evaluate Munni Munni's established PGE-Cu-Ni endowment. Non-Executive Chairman Simon Kidston commented: 'Securing a majority interest in the Munni Munni Project represents a standout opportunity for our shareholders. It strengthens our existing footprint in the region and adds an advanced, high-grade Platinum-Palladium-Copper-Nickel asset with substantial growth upside. 'The presence of high-grade platinum and palladium intercepts associated with the Ferguson Reef and other targets within the broader Munni Munni intrusion highlights the project's strong exploration potential. This positions the Company to rapidly advance drilling programs and, subject to success, move efficiently toward development at a time when the PGE market is supported by firm investor demand and improving broader global dynamics. 'We are eager to commence work immediately and anticipate providing shareholders with consistent updates as activities progress.' Significant Growth Potential +13km Strike Length - Munni Munni For the first time, a consolidation of the broader Munni Munni landholding into a single, contiguous tenure position has created a unified project footprint of approximately 346km-2, providing substantial scope for both near-reef and regional exploration. The Munni Munni intrusion is a large, layered mafic-ultramafic complex within the West Pilbara Craton, hosting one of Australia's most significant polymetallic platinum-group element (PGE) reef systems, known as the Ferguson Reef. Mineralisation is predominantly associated with the welldeveloped stratiform horizon characterised by sulphide-rich intervals carrying platinum, palladium, rhodium and gold. The intrusion exhibits classic magmatic layering, with chromite bands, gabbroic units and ultramafic phases providing strong geological controls on PGE distribution. This setting is analogous to globally Acquisition Terms & Details GreenTech Metals Limited (GRE) has signed a binding Heads of Agreement with Alien Metals (AIM: UFO) to acquire a 70% interest in the Munni Munni project, with an option to increase to 80% within 12 months. The deal includes cash and shares consideration, a sole-funded JV with the Vendor freecarried to BFS. Completion is subject to a $3 million capital raising, shareholder approvals, regulatory consents, and execution of supporting agreements, after which GRE will issue the consideration and assume operatorship. Forward-Looking Statements Statements in this announcement which are not statements of historical facts, including but not limited to those relating to the proposed transaction, are forward-looking statements. These statements instead represent management's current expectations, estimates and projections regarding future events. Although management believes the expectations reflected in such forwardlooking statements are reasonable, forward-looking statements are based on the opinions, assumptions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on such statements. Contact: Email: greentechmetals.com Competent Person Statement The information in this announcement that relates to historical results in respect of the Munni Munni project is based on information compiled or reviewed by Mr Thomas Reddicliffe , who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Reddicliffe is a director of GreenTech Metals . Mr Reddicliffe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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'. Mr Reddicliffe consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. (C) 2025 Electronic News Publishing, source ENP Newswire

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