GRE - Greentech Metals

[System]

GreenTech Metals Limited 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 underexplored nickel, copper and cobalt in the West Pilbara and Fraser Range Provinces.

The Company's Projects are divided into nine project areas being the:

(a) Whundo Project located in the West Pilbara region;
(b) Ruth Well Project located in the West Pilbara region;
(c) Osborne Project located in the West Pilbara region;
(d) Nickol River Gold Project located in the West Pilbara region;
(e) Weerianna Gold Project located in the West Pilbara region;
(f) Mawson South Project located in Fraser Range region;
(g) Windimurra Project located in Midwest region;
(h) Dundas Project located in Fraser Range region; and
(i) Elysian Gold Project located in the West Pilbara Region.

It is anticipated that GRE will list on the ASX during January 2022.

GreenTech Metals Limited - Green Tech Metals Limited

greentechmetals.com

 

[Dona Ferentes]

Listing date	04 January 2022 ; 12:00 PM AEDT ##
Company contact details	https://www.greentechmetals.com/ Ph: 08 9486 4036
Principal Activities	Mineral exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	GRE
Capital to be Raised	$5,000,000
Expected offer close date	01 December 2021
Underwriter	Not underwritten. CPS Capital Group Pty Ltd (Lead Manager)

 

[Dona Ferentes]

GRE listed today; trading opened at 29c and has moved in the 27c to 30c range. Not a bad stag for some barely-scratched dirt.

 

[Sean K]

Something fishy going on here.

Two of their three main projects are farm-ins to the company the Chairman is also the Chair of.

Call me a skeptic.

 

[Dona Ferentes]

Something fishy going on here.

Two of their three main projects are farm-ins to the company the Chairman is also the Chair

Nothing to see here. This is how it always is. This is a flash mob; the office is in St Georges Tce. Some of the other floats only have an accountant's bolthole in West Perth.

 

[greggles]

The Whundo Project has produced some great assay results with broad intersections of high grade copper and zinc with some gold thrown in for good measure.

It all looks pretty positive, which accounts for today's 146.43% increase in the GRE share price. Further assay results from three holes drilled at Whundo, and seven holes drilled at the nearby Ayshia deposit are expected in the coming weeks.

GRE currently paused from trading pending another announcement.

 

[Dona Ferentes]

GRE currently paused from trading pending another announcement.

and now it is up close to 150%, the TH called at 34.5c .... No, not a cap raise, not yet, but ....
trading halt is requested until an announcement is made to the market pending clarification of the Company’s announcement dated 16 June 2022,

 

[Dona Ferentes]

and now it is up close to 150%, the TH called at 34.5c ...

the usual rush of blood... Coming out of the trading halt, GRE went to 44c in the first hour but has been in retreat over the following days. Now 22c

 

[Dona Ferentes]

Highlights:
• Assays received for hole 23GTRC001 drilled at the Austin prospect reveal a copper dominant mineralised horizon with significantly increased thickness and grades up to 5.4% Cu.
• Elevated gold and cobalt were also intercepted
• The new mineralised intercept is a down dip continuation of previously drilled Austin holes
• The new assays indicate a threefold thickening of the Austin mineralised zone which is consistent with Austin being a separate mineralising event to the overlying Whundo (East) resource
• Downhole EM survey of 23GTRC001 indicates that this thicker mineralised zone can be expected to persist downdip with off hole conductor of 15,000 - >25,000 siemens
• The copper dominant Austin mineralised zone is largely unconstrained and could potentially eclipse Whundo East in size based on the footprint of the Austin FLEM conductor

 

[Dona Ferentes]

The Company remains well funded with ~$1.32 million cash at March quarter end.

If I was a betting man, I'd reckon there'll be a trading halt and a cap raise soon. @peter2 rules apply.

 

[Dona Ferentes]

There's a report by the AFR but is it true?

"Green Tech Metals .....”

.. actually GT1 getting on board with LG

.... B. confusing; also a GTM, Greentech Minerals.

 

[Dona Ferentes]

Up 200 per cent today ... close at 33c:

Results from the 22 reconnaissance rock chip samples submitted for analysis to date, have returned encouraging grades of lithium mineralisation measuring up to 1.65% Li2O.

The Ruth Well pegmatite bearing zone is up to 200m wide and traced for 6km strike, with the zone remaining open in all directions within the company’s tenements.

“The West Pilbara region is continuing to attract significant interest from listed companies and investors and GreenTech has secured a strategic and highly prospective foothold,” Executive Director Thomas Reddicliffe said.

Meanwhile, GRE has inked a deal with lithium exploration and development team Obsidian Metals Group.

OMG and its investors will invest $1m via a placement of 6,944,445 fully paid ordinary shares at 14.4 cents/share, representing a 30% premium to the last closing price.

New capital will be deployed to fast-track GTE’s WA lithium exploration strategy.

 

[Dona Ferentes]

...and having another go. chip samples .. ..up 30 per cent .... raised more money

Pilbara Lithium Project
• Ongoing high grade rock chip assay results from Osborne and Ruth Well, including:
o 3.60% Li2O (23CR038)
o 2.40% Li2O (23GT20-155)
o 2.40% Li2O (23GT20-232)
• Spodumene mineralogy confirmed in laboratory tests
• Outcrop mapping and rock chip sampling programs across the Osborne JV Lithium Project have resulted in multiple and extensive lithium-pegmatite zones being identified
• Recently discovered Wally and Maddox pegmatite zones both extend >1km with some outcrop packages up to ~100m wide
• Following recent discoveries, total lithium pegmatite strike extent now exceeds 11km
• Commencement of maiden drilling program scheduled for early November
• Heritage clearance survey completed late October

Corporate
• Successful placement raised $3.5m (before costs) through the issue of 24,305,556 fully paid ordinary shares at $0.144 per Share.

.
not for me

 

[Dona Ferentes]

Something fishy going on here.
Two of their three main projects are farm-ins to the company the Chairman is also the Chair of.

Call me a skeptic

ASX query after a bit of a run, and a 40 per cent retracement

.

........ and pages of stuff/ fluff