Drill Programme Recommences at Munni Munni PGE-Cu-Ni Project, WA
Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to report that its proposed joint venture partner, GreenTech Metals Limited (ASX: GRE) (“GreenTech”), has announced that the Phase 1 drill programme has recommenced at the Munni Munni Platinum-Palladium-Copper-Nickel Project (“Munni Munni” or the “Project”).
The full text of the announcement issued by GreenTech is provided below in Appendix A.
For further information, please visit the Company’s website at www.alienmetals.uk
Appendix A – ASX: GRE ANNOUNCEMENT
Drill Programme Recommences at Munni Munni PGE-Cu-Ni Project, WA
Highlights
· Phase 1 drilling programme has recommenced at the Munni Munni Platinum-Palladium-Copper-Nickel Project in WA, following the festive season break.
· The Munni Munni Project is situated on granted Mining Leases (MLs) with a historical JORC (2004) Mineral Resource Estimate (MRE) of 24 Mt @ 2.9 g/t 4E (PGE + Au) for 2.2Moz (HLX, 2002)[1]. This resource was historically defined in the period 1985-2002 with 91,077m of drilling comprising 328 drill holes.
· Cautionary Statement[2] – The estimates are historical and are not reported in accordance with the JORC Code (2012); a competent person has not done sufficient work to classify the historical estimates as mineral resources or ore reserves in accordance with the JORC Code (2012); and it is uncertain that following evaluation and/or further exploration work that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code (2012).
· The planned Phase 1 drill programme comprises up to 20 holes for approximately 6,000m to provide QA/QC verification of historic resources to enable the Company to restate the MRE in accordance with JORC (2012) in early 2026, potentially expand the resource outside of the existing mineralised envelope and obtain material for metallurgical testwork.
· The diamond coring portion of the programme commenced in late December 2025 with 8 drill holes to be completed for ~2,000m.
· A second drill rig will commence the RC portion of the drill programme (~4,000m) in the coming days.
· There is excellent preservation of the stored historical core along with related laboratory sample pulps, which can potentially be used to accelerate the QA/QC validation of the historical resource.
· Strengthening PGE and copper prices, combined with the consolidation of the nearby Whundo copper project, has the potential to enhance project economics and provide a clear catalyst to re-evaluate Munni Munni’s established PGE-Cu-Ni endowment.
GreenTech Metals Ltd (ASX: GRE) (GreenTech or the Company) is pleased to announce that, following the festive season break, the Phase 1 drill programme has recommenced at the Munni Munni Platinum-Palladium-Copper-Nickel Project located adjacent to the Company’s advanced Whundo Copper-Zinc-Gold Project. The consolidation of these projects creates potential for an emerging district-scale multi-commodity development hub in the West Pilbara region of Western Australia.
Drilling, which had commenced in December, was paused for the festive season on 20 December with 162m completed on the first drill hole.
The finalisation of the acquisition of a 70% interest1 in this project, with provision to go to 80% is subject to shareholder approval on 21 January 2026.
Non-Executive Chairman, Simon Kidston, commented:
“We are very pleased that our Phase 1 drill programme at Munni Munni has quickly recommenced and with a second drill rig engaged to accelerate the programme. This is a defining programme for GreenTech with the key objective of unlocking the full potential of this world-class PGE-Cu-Ni project.
“With strong global demand for PGEs, improving metal prices and district-scale consolidation achieved (subject to shareholder approval in January 2026), this programme is designed to transition Munni Munni into a modern, JORC (2012) resource and position the Company for the next phase of technical and commercial evaluation to create value for our shareholders.”
