GreenX Metals (ASX: GRX) it has been selected as one of eight exploration companies to participate in BHP’s 2025 Xplor programme.
The Xplor programme was established in 2023 to support promising minerals explorers to accelerate the exploration needed to support the energy transition. Over a six-month programme period, BHP Xplor targets development of technical, business and operational excellence within participating companies.
As a 2025 BHP Xplor cohort company, GreenX will receive a one-off, non-dilutive grant of up to US$500,000, and in-kind services, mentorship, and networking opportunities with BHP and other industry experts and investors.
There are no obligations or commitments on GreenX beyond the conclusion of the BHP Xplor programme attached to the grant, other than certain exclusivity, pre-emption and data sharing rights as disclosed below.
It is expected GreenX’s participation in Xplor will expedite the build-out of geological concepts and the exploration timeframe at the Tannenberg Copper Project in Germany. GreenX intends to use the grant to conduct geophysics programs over the Tannenberg licence area.
“This is an exciting opportunity for GreenX and a strong endorsement of the exploration potential of the Tannenberg project targeting Kupferschiefer style copper mineralisation,” CEP, Ben Stoikovich, said.
“Kupferschiefer style deposits are a well-known and prolific subtype of sediment-hosted copper deposit that are the second most prevalent source of copper production and reserves in the world.
“The Tannenberg license area contains historically producing copper mines and multiple historical drill intercepts, with excellent potential for new discoveries of shallow (50 m to 500 m), large scale and high-grade copper and silver mineralisation, with much of the licence area remaining untested by modern exploration.
“We are pleased to be recognised for our approach by BHP, a clear industry leader, and look forward to working with the BHP Xplor team going forward.”
The eight BHP Xplor 2025 cohort explorers were selected from hundreds of applicants.
“The field of applicants for BHP Xplor was extremely strong this year. Successful applicants had to demonstrate not only that their critical-mineral projects were highly prospective but also that they were committed to pushing industry boundaries in their geological concepts and data-gathering, testing and processing to realise the project. GreenX more than met these criteria and we look forward to partnering with them,” BHP’s Head of Xplor, Marley Palin, said.
