Transcription of The Stock Network Interview with GreenTech Metals (ASX:GRE), Chief Executive Officer, James Rattenbury
Lel Smits: Greentech Metals is focused on advancing its MoneyMoney project in Western Australia, targeting globally significant critical mineral and precious metal systems. Following a strongly supported $7.5 million placement, the company is now funded to accelerate Phase 2 exploration and development activities. I’m joined today by Greentech Metals CEO James Rattenbury to discuss MoneyMoney’s growing scale, the company’s evolving development strategy, and the next phase of exploration momentum.
James, welcome to the Stock Network.
James Rattenbury: Thanks for having me, Lel. Good to be here.
Lel Smits: Great to have you on. And look, Phase 1 drilling has delivered some of the highest PGE grades seen at Ferguson Reef, while also identifying broader zones of copper and nickel mineralization. How is this changing your understanding of MoneyMoney’s scale and also long-term development potential?
James Rattenbury: Yes, so the drilling hit up to 8.8 gram a tonne PGE and also some thicker intercepts of up to 12 metres of mineralization.
So that’s important because the Ferguson Reef has always been thought of as this 2 to 3 metre wide high grade PGE reef. We’re looking at an 8 to 10 metre wide zone that incorporates the reef, but also a halo of mineralization with a lot of copper and nickel around it. So that’s really driving our thinking beyond that high grade PGE opportunity.
So for me, when I think about where we take this, we’re looking at the opportunity for more bulk scale, so open cut, bulk scale underground, and the halo of mineralization, that wider zone, really supports it.
Lel Smits: Okay, and James, the recent drilling and resampling program successfully validated historic exploration results and also will support a JORC 2012 resource update. Can you outline to us really how important is this milestone as green tech moves towards that larger scale exploration and also potential development studies?
James Rattenbury: I think the thing about the historic resource is it’s a JORC 2004 resource drilled to measured and indicated.
So we’ve had to go and do some QAQC work, twin holes, resample, drill core, to prove that data is valid and can be used under JORC 2012. I think the resource will give us a great foundation with this new lens we’re taking on how we look at the ore body. So instead of using a 1.9 gram a tonne PGE cutoff, we’ll look at an NSR cutoff, so net smelter return that gives value to the copper and the nickel.
And I think that reframes things completely. It gives us scope to go and target the wider zones of copper mineralization that we see across the 225 square kilometre intrusive. So it gives us a completely different opportunity to chase with that strong foundation de-risked through close to 100,000 metres of drilling.
Lel Smits: Great. And also following, of course, the oversubscribed $7.5 million placement, Breen Tech is funded to accelerate exploration. Can you outline the key catalysts that we should be looking here at and also as you’re advancing phase two drilling and development activities?
James Rattenbury: So great to have the money in the bank and to welcome some really high quality institutional investors to the register, including RCF and Nero and Regal, as well as the backing of some really high profile, high net worth investors.
And I think what they’re seeing is this opportunity beyond the high grade reef itself. So looking at that bigger exploration opportunity, I think that catalyst in terms of re-estimating the resource is a big one. So I can’t underestimate just the reframing of the opportunity that resource gives us, but also that validation that allows us to step into this more substantial exploration phase driven by Kevin Frost, who discovered Gonville.
So it’s that expertise leading first principles exploration and looking at the broader strategy. And we’ll see a lot of news flow beyond the drilling itself. We’ll see resampling of core, a lot of other exploration work that I think supports the thesis a lot of those incoming investors had through the last raise.
Lel Smits: Yes. Well, thank you. I appreciate the update from Green Tech Metals and look forward to hearing developments come through.
James Rattenbury: Thanks, I appreciate the time.
Ends