GreenTech Metals has completed a major acquisition of a 70% interest in the high-grade Munni Munni PGE-Cu-Ni Project in Western Australia, backed by a $5.2 million capital raise and a strengthened board. The company has commenced drilling to validate historical resources and aims for a JORC-compliant update in early 2026.
- Acquisition of 70% interest in Munni Munni PGE-Cu-Ni Project with option to increase to 80%
- $5.2 million raised in December 2025 to fund acquisition and exploration
- Phase 1 drilling underway to validate historical resource and enable JORC (2012) compliance
- Board strengthened with experienced appointments including Simon Kidston and Stefan Murphy
- GreenTech now holds over 500km² of tenure in West Pilbara, positioning as a major district player
Transformational Acquisition in West Pilbara
GreenTech Metals Limited (ASX, GRE) has taken a significant step forward in its growth strategy by acquiring a 70% interest in the Munni Munni Platinum Group Elements (PGE) - Copper - Nickel Project, located in Western Australia's West Pilbara region. This acquisition, subject to ministerial approval and completed with overwhelming shareholder support, consolidates a substantial landholding adjacent to GreenTech's existing Whundo Copper-Gold deposit.
The deal includes an option to increase the stake to 80%, further cementing GreenTech’s position as one of the largest tenement holders in the district with over 500 square kilometres of consolidated tenure. This strategic move brings together highly prospective, underexplored ground within a tier-1 mining jurisdiction, offering exposure to multiple metals including platinum, palladium, rhodium, copper, nickel, and gold.
Capital Raising and Board Enhancements
To fund the acquisition and subsequent exploration activities, GreenTech successfully raised $5.2 million in December 2025 through a placement to sophisticated and institutional investors. The company ended the quarter with a strong cash position of $3 million, underpinning its capacity to execute its exploration programs.
Complementing this financial boost, GreenTech has strengthened its leadership team with the appointments of Simon Kidston as Non-Executive Chairman, Stefan Murphy as Non-Executive Director, and Dr Kevin Frost as Technical Advisor. These additions bring deep technical expertise and operational experience, particularly in the Pilbara region and PGE-nickel-copper exploration, positioning the company to fast-track development and unlock value.
Advancing Exploration and Resource Validation
Following completion of the acquisition, GreenTech commenced a Phase 1 drilling program in late December 2025, aiming to validate the extensive historical drilling data and enable an upgrade of the historical Mineral Resource Estimate (MRE) to JORC (2012) standards. The program plans approximately 6,000 metres of drilling across 20 holes, focusing on the Ferguson Reef, a well-defined mineralised reef system with historical grades of 2.9 grams per tonne PGE over 24 million tonnes.
The company benefits from excellent preservation of historical drill core and sample pulps, which will assist in quality assurance and quality control (QA/QC) processes. Results from this drilling are expected in the first half of 2026 and will be critical in confirming the project's scale and potential economic viability.
Strategic Outlook and Market Context
GreenTech’s acquisition and exploration strategy comes at a time of rising global demand and constrained supply for platinum group elements, with platinum prices reaching multi-decade highs amid tight physical availability. The company’s multi-metal focus, combining PGE, copper, nickel, and gold assets within close proximity, offers potential synergies and diversification benefits.
Located just 65 kilometres south of Karratha and on granted mining leases, the Munni Munni project benefits from existing infrastructure and a supportive mining jurisdiction. GreenTech is also exploring potential development synergies with its Whundo Copper-Gold project and nearby operations such as the Radio Hill nickel mine.
With a clear plan to upgrade resources, expand mineralisation, and evaluate mining scenarios, GreenTech is positioning itself as a leading Australian PGE-focused multi-commodity explorer and developer.
Bottom Line?
As GreenTech advances drilling and resource validation at Munni Munni, the market will watch closely for results that could redefine the company's growth trajectory in the PGE sector.
Questions in the middle?
- Will the upcoming drilling results confirm and expand the historical resource to JORC (2012) standards?
- How will GreenTech manage the integration and development of its multi-metal assets in the West Pilbara?
- What impact will fluctuating PGE and base metal prices have on the project's economic feasibility?