Gold and Critical Minerals Portfolio Expanded in Greenland
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| Stock | Greenx Metals Ltd (GRX.ASX) |
|---|---|
| Release Time | 4 Aug 2026, 8:20 a.m. |
| Price Sensitive | Yes |
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Greenx Metals Expands Greenland Portfolio
Key Points
- Greenx secures 1,600 km² of new exploration licences in Greenland
- New licences target reduced intrusion-related gold systems (RIRGS)
- Historical gold assays up to 50 g/t and tungsten mineralization detected
Full Summary
Greenx Metals Ltd has expanded its exploration portfolio in Greenland with the acquisition of two new exploration licences covering approximately 1,600 km². These new licences are part of the Eleonore North Project and aim to explore reduced intrusion-related gold systems (RIRGS). Historical data indicates significant gold mineralization, with assays up to 50 g/t, and evidence of tungsten mineralization, which is a critical mineral designated by the EU and the US. The Company has completed fieldwork and is expecting initial results this quarter.
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