GreenTech gears up for drilling at Osborne nickel prospect next month

Battery metals explorer GreenTech Metals has completed the heritage survey at its Osborne nickel project in WA’s Pilbara region, with drilling to commence in June.

The company has received approval for the program of works (PoW) at the project and is planning up to six drill holes (~1,000m) for the RC drilling program.

GreenTech Metals’ (ASX:GRE) is farming into Osborne, currently owned 100% by Artemis Resources (ASX:ARV), with GreenTech earning up to a 51% share.

The companies have high hopes for Osborne, which is immediately next to Azure Minerals’ (ASX:AZS) emerging Andover nickel-copper discovery held under a JV with millionaire prospector Mark Creasy.

Whundo project resources increased by a third

GreenTech is focused on projects containing minerals and metals that are used in the battery storage and electric vehicle sectors – including nickel, copper and cobalt.

Earlier this week, the company announced it has increased total resources at its Whundo Project – also in the Pilbara – by one-third from 2.7Mt to 3.6Mt, as well as the total metal content by 54% to 93,000t copper and zinc with an in-situ value of over $600 million.

The increase was due to the maiden resource estimate at the Ayshia copper-zinc deposit of 0.92Mt at 1.3% copper, 2.3% zinc, 0.1% lead, 0.2g/t gold and 12g/t silver, with a total 33,000t copper-zinc metal from historic drill data.

The resource update didn’t include results pending from the Q1 drilling program, comprising 32 holes and 4,904m of drilling across Whundo and Ayshia so there is likely to be more growth in store.

Artemis, which also owns the Radio Nickel mine and processing plant near the Osborne nickel project, holds a 16% interest in GRE.

Osborne is located in the West Pilbara on a similar geological setting as Azure’s Andover nickel sulphide project, where a 6 million tonne resource was recently announced – making it Australia’s newest nickel deposit.

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.