GreenTech Metals Receives Approval For Munni Munni
Summary by AI BETAClose X
Trading Symbols
AIM: UFO
FWB: I3A1
21 January 2026
Alien Metals Limited
("Alien" or the "Company")
GreenTech Metals Receives Shareholder Approval For Munni Munni Project Acquisition
Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to report that its proposed joint venture partner, GreenTech Metals Limited (ASX: GRE) ("GreenTech"), has announced the results of the General Meeting held today, where shareholders approved the acquisition of a 70 per cent. Interest in the Munni Munni Platinum-Palladium-Copper-Nickel Project ("Munni Munni" or the "Project").
GreenTech and Alien are progressing the final administrative processes to enable conclusion of the transaction, and a further announcement will be made in due course.
The full text of the announcement issued by GreenTech is provided below in Appendix A. The results of the meeting can be viewed in the announcement released by GreenTech.
For further information, please visit the Company's website at www.alienmetals.uk or contact:
Strand Hanson (Financial and Nominated Adviser)
James Harris / James Dance / Edward Foulkes
Tel: +44 (0) 207 409 3494
Zeus Capital Limited (Joint Broker)
Harry Ansell / Katy Mitchell Tel +44 (0) 203 829 5000
Turner Pope (Joint Broker)
Andy Thacker / Guy McDougall
Tel: +44 (0) 203 657 0050
Yellow Jersey (Financial PR)
Charles Goodwin / Shivantha Thambirajah
Tel: +44 (0) 203 004 9512
Notes to Editors
Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy of advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures, and selective monetisation opportunities that are value-enhancing for shareholders. At the same time, Alien will continue to consider opportunities to expand our asset base through carefully selected acquisition opportunities which meet the Board's prudent criteria.
Alien's principal focus is the advancement and development of its 90%-owned Hancock Iron Ore Project in the central Pilbara region of Western Australia. The Hancock tenements contain a JORC-compliant resource of 8.4Mt at 60% Fe and offer significant exploration upside, which is targeted to deliver a mining operation of 2Mtpa for 10 years. The Project benefits from direct access to the Great Northern Highway, providing a route to export facilities at Port Hedland, one of the world's largest iron ore export hubs. Alien also holds exploration interests in the Brockman and Vivash iron ore projects in the West Pilbara.
Alien additionally retains exposure to two advanced precious and base metal assets in the Pilbara. At Munni Munni, one of Australia's largest PGM systems hosting a historic resource of 2.2Moz PGM (Palladium, Platinum, and Rhodium) and gold, the Company has entered into a conditional joint venture with GreenTech Metals Ltd, under which Alien will retain a 30% interest, free carried to the completion of a bankable feasibility study. Alien also retains a 30% interest in the Elizabeth Hill Silver Project through a joint venture with West Coast Silver Limited, which encompasses Elizabeth Hill Mining Lease and exploration tenements surrounding the historical silver mine, which has produced some of Australia's highest-grade silver ore during the late 1990s.
Appendix A - ASX: GRE ANNOUNCEMENT
Transformational Acquisition Receives Shareholder Approval
Munni Munni Platinum-Palladium Copper-Nickel Project, WA
Highlights
· All resolutions were carried at the Company's General Meeting of Shareholders today, including approval for the acquisition of the Munni Munni Platinum-Palladium Copper-Nickel Project.
· GreenTech is now progressing the relevant administrative process to complete the transaction.
· The Munni Munni Project is situated on granted Mining Leases (MLs) with a historical JORC (2004) Mineral Resource Estimate (MRE) of 24 Mt @ 2.9 g/t 4E (PGE+Au) for 2.2Moz (HLX, 2002)[1]. This resource was historically defined in the period 1985-2002 with 91,077m of drilling comprising 328 drill holes.
· Cautionary Statement[2] - The estimates are historical and are not reported in accordance with the JORC Code (2012); a competent person has not done sufficient work to classify the historical estimates as mineral resources or ore reserves in accordance with the JORC Code (2012); and it is uncertain that following evaluation and/or further exploration work that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code (2012).
· Phase 1 drilling program has recommenced at the Munni Project, following the festive season break, aimed at enabling the Company to restate the historic MRE in accordance with JORC (2012) in early 2026.
· Strengthening PGE and copper prices combined with the consolidation of the nearby Whundo copper project has potential to enhance project economics and provide a clear catalyst to reevaluate Munni Munni's established PGE-Cu-Ni endowment.
GreenTech Metals Ltd (ASX: GRE) (GreenTech or the Company) is pleased to announce results of the General Meeting held today where shareholders approved the transformational acquisition of the Munni Munni Platinum-Palladium-Copper-Nickel Project located adjacent to the Company's advanced Whundo Copper-Zinc-Gold Project. The consolidation of these projects creates potential for an emerging district-scale multi-commodity development hub in the West Pilbara region of Western Australia.
Results of the General Meeting are detailed below.
Following shareholder approval, the Company is now progressing the relevant remaining administrative steps to complete the transaction. Concurrently, phase 1 drilling recommenced following the festive season break, to provide QA/QC verification of the historic modelled resource sufficient to enable a classification of the MRE to JORC (2012) standard in early 2026.
Non-Executive Chairman, Simon Kidston, commented:
"The overwhelming support from shareholders underscores the strategic importance of Munni Munni to GreenTech's growth strategy. This transformational acquisition delivers scale, quality and immediate development momentum at a time of strengthening PGE and copper markets."
This announcement has been authorised for release by the Board of GreenTech Metals Limited.
For further information, please contact:
Thomas Reddicliffe
Executive Director
GreenTech Metals Limited
E: info@greentechmetals.com.au
Competent Person Statement
The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled or reviewed by Mr Thomas Reddicliffe a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Reddicliffe is a Technical Director of GreenTech Metals Ltd.
Mr Reddicliffe has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and a Specialist under the 2015 Edition of the 'Australasian Code for Public Reporting of technical assessments and valuations of mineral assets'.
Mr Reddicliffe consents to the inclusion in the report of the matters based on his information and in the form and context in which it appears.
Forward-Looking Statements
Statements in this announcement which are not statements of historical facts, including but not limited to those relating to the proposed transaction, are forward-looking statements. These statements instead represent management's current expectations, estimates and projections regarding future events. Although management believes the expectations reflected in such forward-looking statements are reasonable, forward-looking statements are based on the opinions, assumptions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on such statements.
About The Munni Munni PGE-Cu-Ni Project
The Munni Munni Project is one of Australia's most significant platinum group element (PGE) intrusions, hosting a large, laterally continuous reef containing platinum, palladium, rhodium and gold. The project has an extensive exploration history and several key attributes:
• Well-established PGE-Cu-Ni endowment: Historic drilling and metallurgical work have confirmed strong grades within the Ferguson Reef, one of Australia's largest layered PGE-bearing systems.
• Previous development activity: Multiple operators advanced the project through substantial drilling, testwork and resource modelling. Earlier development stalled mainly due to weaker PGE prices at the time.
• Conventional processing pathway: Historical studies indicate the mineralisation responds well to traditional flotation and concentration techniques.
• Significant growth potential: Mineralisation remains open along strike and at depth, with modern geophysics and drilling across the now-consolidated tenure expected to unlock additional high-grade zones.
• Tier-1 mining jurisdiction: Located in the Pilbara region of Western Australia on a granted mining lease, with proximity to the Radio Hill processing facility (third-party owned; GRE has no current agreement in place
The consolidation of the surrounding land into a single 346.4km² contiguous package provides a strategic opportunity for district-scale exploration. The package covers a substantial portion of the Munni Munni intrusion and associated fault systems, which are prospective for both expansion of the known PGE-Cu-Ni Reef and the discovery of additional PGE sulphide targets along parallel structural corridors.
Munni Munni Project Tenement Location
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