GreenX Metals Ltd. Stock Analysis GRX.AX

GreenX Metals Ltd. engages in the exploration and evaluation of mineral properties. The company is headquartered in Perth, Western Australia. The Tannenberg Copper Project is a copper brownfield exploration project which is highly prospective for sediment-hosted (Kupferschiefer type) copper deposits. The company holds an over 90% interest in the Tannenberg exploration license, which covers over 1900 square kilometers in the state of Hesse in central Germany, encompassing the Richelsdorf copper-silver mines. The ARC project is the copper-silver bearing Discovery Zone, located at the northern end of Neergaard Dal. The Discovery Zone comprises three parallel breccia faults trending northwest-southeast. Mineralization is expressed in two main forms, within which there are two sub-forms: Breccia bound, and Stratiform. In Breccia bound, mineralization occurs in thin quartz. In Stratiform, mineralization occurs immediately adjacent to the faults. Its Eleonore North project in Greenland is located in Eastern Greenland.