GreenTech Metals : New Copper Mineralised Zone Encountered at Whundo

22 March 2022

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Whundo Drilling Update - New Copper Mineralised Zone

Encountered at Whundo

Highlights:

1. A total 24 holes completed to date for over 3,000 metres

1. Drilling successfully intersecting a new down dip copper-zinc mineralisation zone at Whundo

1. A second, deeper and discrete copper mineralised zone confirmed

1. Updated Whundo mineral resource to be completed on receipt of assay results

1. Drilling to commence at the Ayshia copper-zinc prospect 1,500 meters

northeast of Whundo

1. 1,000+ samples have been dispatched to ALS Laboratory in Perth, with initial assay results expected in April

GreenTech Metals Ltd (ASX: GRE), ('GreenTech' or 'the Company') is pleased to announce that its reverse circulation (RC) drill program at the Whundo Copper mine is close to completion. The focus of the program was to test multiple drill-ready targets aimed at growing the existing JORC 2012 compliant indicated resource1 of 2.7Mt @ 1.14% Cu and 1.14% Zn (for 41,300t contained CuEq). Whundo is conveniently located only 40km south of Karratha in the Pilbara region of Western Australia.

A total 3,642m has been drilled to date, with 24 holes completed. The drilling has been focused on testing for lateral and deeper extensions to the eastern and western lobes of the Whundo resource. To assist with future drill targeting at Whundo the deeper drill holes have been prepared for Down Hole EM Surveying (DHEM).

Thomas Reddicliffe, Executive Director, commented:

"We are very pleased with the preliminary results and observations from our initial RC drill program at Whundo. The program has not only been successful in expanding the known copper-zinc mineralised zone, but it has also provided confirmation of a second deeper and discrete copper-zinc mineralised zone. While we await laboratory assay results for Whundo we will be turning our attention to the Ayshia copper-zinc prospect, which is within the Whundo orbit. Based on a review of the historic Ayshia drill data we believe there is good potential for this prospect to add to our copper-zinc resources".

Whundo Resource Extension

There has been visual confirmation of copper-zinc mineralisation in holes testing for down dip extensions of the known resource. In addition, a second deeper copper-zinc mineralised zone identified in the historic Whundo drill data has been confirmed and expanded.

	BOARD & MANAGEMENT		CONTACT US
ASX: GRE	Mark Potter	Guy Robertson	[e-mail]
Non-executive Chairman	Non-executive Director	greentechmetals.com.au
	Thomas Reddicliffe	Daniel Smith	Level 8, 99 St Georges Tce, Perth WA 6000
	Executive Director	Company Secretary

ASX:GRE

Remodelling of the 2.7Mt @ 1.14% Cu and 1.14% Zn Whundo resource and incorporation of the additional mineralised zones will be undertaken on receipt of full assay results.

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Ayshia Copper-Zinc Prospect

The Ayshia prospect is located 1,500 meters northeast of Whundo and is one of 3 prospects within the near orbit of Whundo. The historic drill and geophysical datasets for this prospect are under review with several EM conductor plates selected for drill testing. The historic drill results indicate that there is good potential to add to the global Whundo Project resource.

Figure 1: Whundo Project Area showing VTEM target outlines from late-time VTEM data

Greentech Metals Limited | ACN 648 958 561 | Level 8, 99 St Georges Tce, Perth WA 6000

ASX code: GRE | [phone] | info@ greentechmetals.com.au| www. greentechmetals.com.au

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Figure 2: Drilling at Whundo

Figure 3: Plan view of the Whundo Copper-Zinc mineralised envelope showing major fault dislocation

Greentech Metals Limited | ACN 648 958 561 | Level 8, 99 St Georges Tce, Perth WA 6000

ASX code: GRE | [phone] | info@ greentechmetals.com.au| www. greentechmetals.com.au

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Sampling

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All holes have been sampled at 1m intervals with additional 3m composite samples taken in unmineralised intervals. A handheld pXRF analyser is being used to identify the mineralised zones. Over 1,000 samples have been dispatched to ALS laboratory in Perth for multi-element analysis, with first results anticipated to be received in April. Results will be reported following receipt and interpretation of these analyses.

Appendix:

Table 1. Whundo RC Drill hole Details

	Hole_ID		E		N		Datum/Zone		Total		Dip		Azimuth
					depth
	22GTRC001			492250			7669060			Datum/Zone			48			-60			180
	22GTRC002	492240		7669100			GDA 94/50	78		-60		180
	22GTRC003			492240			7669140			GDA 94/50			162			-60			180
	22GTRC004	492185		7669140			GDA 94/50	108		-60		180
	22GTRC005			492020			7669245			GDA 94/50			150			-90			0
	22GTRC006	492500		7668890			GDA 94/50	42		-90		0
	22GTRC007			492500			7669145			GDA 94/50			83			-60			180
	22GTRC008	492500		7669145			GDA 94/50	78		-60		180
	22GTRC009			492480			7669220			GDA 94/50			96			-90			0
	22GTRC010	492260		7669156			GDA 94/50	146		-90		0
	22GTRC011			492540			7669245			GDA 94/50			150			-90			0
	22GTRC012	491885		7668905			GDA 94/50	138		-90		0
	22GTRC013			491694			7669421			GDA 94/50			150			-90			0
	22GTRC014	492976		7669529			GDA 94/50	119		-90		0
	22GTRC015			493216			7669999			GDA 94/50			120			-90			0
	22GTRC016	492300		7669155			GDA 94/50	162		-90		0
	22GTRC017			492320			7669175			GDA 94/50			234			-90			0
	22GTRC018	492420		7669220			GDA 94/50	186		-90		0
	22GTRC019			492075			7669320			GDA 94/50			282			-80			180
	22GTRC020	492280		7669300			GDA 94/50	139		-80		180
	22GTRC021			492283			7669299			GDA 94/50			85			-80			180
	22GTRC022	491763		7669695			GDA 94/50	204		-80		180
	22GTRC023			492320			7669220			GDA 94/50			264			-90			0
	22GTRC024	492283		7669299			GDA 94/50	264		-80		180
	22GTRC025			492420			7669380			GDA 94/50			232*			-80			180
	Total												3642

*Incomplete

Greentech Metals Limited | ACN 648 958 561 | Level 8, 99 St Georges Tce, Perth WA 6000

ASX code: GRE | [phone] | info@ greentechmetals.com.au| www. greentechmetals.com.au

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This announcement is approved for release by the Board of Directors

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ENDS

For Further Information:
Mr Thomas Reddicliffe	Mr Dan Smith
Executive Director	Company Secretary
[phone]	[phone]
[e-mail]

About GreenTech Metals Limited

The Company is an exploration and development company primarily established to discover, develop, and acquire Australian and overseas projects containing minerals and metals that are used in the battery storage and electric vehicle sectors. The Company's founding projects are focused on the underexplored nickel, copper and cobalt in the West Pilbara and Fraser Range Provinces.

The green energy transition that is currently underway will require a substantial increase in the supply of these minerals and metals for the electrification of the global vehicle fleet and for the massive investment in the electrical grid, renewable energy infrastructure and storage.

Competent Person Statement

Thomas Reddicliffe, BSc (Hons), MSc, a Director and Shareholder of the Company, is a Fellow of the AUSIMM, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration 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'. Thomas Reddicliffe consents to the inclusion in the report of the information in the form and context in which it appears.

1The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results or Mineral Resources included in the Prospectus lodged with ASIC on 9 November 2021 (and released by the ASX on 30 December 2021).

2 Using LME copper price of US$10,200 tonne and Zinc price of US$3,850 tonne, as at 18 March 2022.

Greentech Metals Limited | ACN 648 958 561 | Level 8, 99 St Georges Tce, Perth WA 6000

ASX code: GRE | [phone] | info@ greentechmetals.com.au| www. greentechmetals.com.au

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