• Airborne geophysical survey to be conducted at Tannenberg Copper Project, funded by BHP Xplor program
• Survey to identify faults and extent of historical underground workings to guide future exploration
• Company completes A$4.6 million placement to strengthen balance sheet

GreenX Metals Ltd (ASX:GRX, LSE:GRX) is pleased to announce that an airborne geophysical survey will be conducted at the Tannenberg Copper Project in the coming weeks. The survey, fully funded by the BHP Xplor program, will collect magnetic and radiometric data over a 58 km2 area to identify important deposit-scale faults and the extent of historical underground workings. This information will be used to plan future exploration programs at the project, which has excellent potential for new discoveries of shallow, large-scale and high-grade copper and silver mineralization. The company has also successfully completed a A$4.6 million placement with new and existing investors, which, combined with its existing cash resources, will help ensure a strong balance sheet position. The net proceeds from the placement will be used for working capital and business development purposes.