Drilling is set to begin in the coming weeks at GreenTech’s Whundo project
The program aims to identify new resources following a project review carried out in early May
A downhole electromagnetic survey will kick off once drilling is completed and assist in the planning of follow-up drill holes
Special report: Plans are being finalised for a staged ~2,200m reverse circulation (RC) drilling program at GreenTech’s 6.2Mt Whundo copper-zinc project.
As well as significant lithium prospectivity at the Andover project, GreenTech Metals (ASX:GRE) holds exposure to copper at its Whundo asset in WA’s West Pilbara, where a 6.2Mt resource grading 1.12% copper and 0.89% zinc has already been defined.
Copper has become the third most utilised metal globally with analysts tipping a surge in demand over the coming decade alongside a dearth of new projects and stagnant supply.
GRE has set out to harness this momentum by forming a copper focused alliance with Anax Metals (ASX:ANX), which could see ore from the Whundo project being treated at ANX’s Whim Creek processing hub.
The alliance is targeting more than 20,000tpa of copper equivalent production, and offers GRE a near-term opportunity to monetise open-pittable ore at Whundo while progressing exploration at the Austin, Shelby and Yannery prospects.
Whundo resources, prospects and targets over electromagnetic image. Pic via GRE
Drilling to identify new resources at Whundo
A 2,200m drilling program is earmarked to begin in the coming weeks to identify – and where possible – quantify new resources with the targeting guided by an extensive project review completed in early-May.
The campaign will be followed by downhole electromagnetic (DHEM) surveys for selected holes, the results of which will assist in the planning of follow-up drilling.
GRE says the drilling program will focus on the under-explored mineralised prospects at Austin, Shelby, Yannery and Ayshia.
‘No better time to assess development pathways’
“We are excited to get this drill program underway which will test compelling targets in the Whundo VMS cluster,” GRE executive director Tom Reddicliffe says.
“Having just entered an alliance with ANAX Metals to assess potential pathways to develop Whundo, there isn’t a better time than now to expand the resource base.
“With copper prices having increased some 30% over the past 6 months and predicted to continue to rise reflecting the increasing demand, GreenTech is well placed to benefit from these substantial tailwinds.”
This article was developed in collaboration with GreenTech Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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