GreenTech Metals positions for platinum liftoff at newly acquired Munni Munni
GreenTech will become a dominant platinum group player in the West Pilbara after claiming a 70% stake in the Munni Munni project.
GreenTech becomes the first explorer to consolidate the Munni Munni layered mafic intrusion in WA’s West Pilbara
It has inked a 70% stake with the option to increase to 80% at the Munni Munni project
Drilling will start shortly as the company prepares to unveil a 2026 resource
Special report: GreenTech Metals has pulled off a game changing move by locking in binding agreements to acquire 70% of the Munni Munni platinum-palladium-copper-nickel project in WA’s West Pilbara.
The deal comes with the option to increase interest by 80% in the project, which sits next door to GreenTech’s (ASX:GRE) Whundo copper-gold deposit, turning two strong assets into a Pilbara powerhouse.
For the first time, an explorer has managed to consolidate the entire Munni Munni layered mafic intrusion and the surrounding 346km2 land package, ground that has long been considered prospective for PGMs and copper yet remains underexplored.
Add in Whundo, and the company now controls more than 500km2, making it one of the largest tenement holders in the West Pilbara.
The consolidation also unlocks access to 21km of strike along the Ferguson Reef where 396 holes for 93,567m of historical drilling has outlined continuous PGE-copper-nickel mineralisation.
There’s also a historical (non-JORC 2012 compliant) resource of 24Mt at 2.9g/t 4PGE for 2.2Moz from the early 2000s.
With mining leases already in place and the ground now consolidated, GreenTech is now gearing up for a 20-hole drill program, twinning selected historical holes as the company works toward delivering a JORC compliant resource in early 2026.
Deal puts GRE in the box seat as PGE prices surge
GRE non-executive chairman Simon Kidston said securing a majority interest in the Munni Munni project represents a standout opportunity.
“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,” he said.
“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.”
The timing of the acquisition couldn’t be sweeter with PGE prices firming as global demand rises and supply stays tight, bringing renewed investor interest back to projects like Munni Munni.
The platinum price has moved from under US$900/oz to over $1700/oz this year, with experts such as Sprott’s Shree Kargutkar suggesting it is due for a significant re-rate while the price for palladium is around US$1530.
Soft EV sales growth and a swing back towards hybrids and internal combustion engines (ICEs) has helped maintain demand for metals, thanks to their use in a car’s catalytic converter to clean exhaust fumes from ICEs.
Palladium is typically used in gasoline engines, while platinum is more common in diesel engines, though they can be interchangeable.
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.
