Quarterly Activities Report June 2025

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Stock Greenx Metals Ltd (GRX.ASX)
Release Time 25 Jul 2025, 8:20 a.m.
Price Sensitive Yes
 GreenX Metals Reports Quarterly Activities for June 2025
Key Points
  • Tannenberg Copper Project in Germany expanded seven-fold to 1,900km2
  • Eleonore North Project in Greenland shows potential for high-grade antimony and gold mineralisation
  • Successful arbitration outcome against Polish government, awarded £252 million in compensation
Full Summary

GreenX Metals Limited (ASX:GRX, LSE:GRX) has reported its Quarterly Activities Report for the period during and subsequent to 30 June 2025. Key highlights include:Tannenberg Copper Project (Germany):- The Tannenberg project area has been expanded seven-fold to 1,900km2 following the grant of an additional exploration licence.- A core logging and sampling program has commenced, with core from 47 historical drill holes being re-evaluated using modern exploration techniques. This has the potential to unlock untested copper potential and discover previously unrecognised mineralisation.- An airborne geophysical survey has been conducted to identify important deposit-scale faults and the extent of historical underground workings.Greenland Projects:- The Eleonore North Project has shown potential for high-grade antimony and gold mineralisation, with historical results indicating grab samples grading up to 23% antimony and 4g/t gold.- The Arctic Rift Copper Project is targeting large-scale copper in multiple settings across a 5,774 km2 licence area, with further analysis on remote-sensing options underway.Arbitration Award:- In October 2024, GreenX was awarded up to £252 million (A$517 million/PLN 1.2 billion) in compensation from the successful outcome of international arbitration claims against the Republic of Poland.- Poland has since lodged a request to set aside the award, which the company is strongly defending.