High-Tech Metals Kicks Off Mt Fisher Works to Unlock Gold Value
High-Tech Metals has initiated site works at its Mt Fisher Gold Project, aiming to validate historic data and accelerate near-term production through bulk sampling and drilling.
- Site works begin on historic stockpiles and tailings at Mt Fisher
- Bulk sampling, RC and AC drilling scheduled imminently
- Metallurgical testwork to validate historic recovery and processing
- Drilling at Wagtail deposit to support updated resource and reserve estimates
- Partnership with SSH Mining to fast-track production opportunities
Ground Works Signal New Phase at Mt Fisher
High-Tech Metals Limited (ASX, HTM) has officially commenced site works at its Mt Fisher Gold Project in Western Australia’s Northern Goldfields, marking a pivotal step in unlocking value from historic stockpiles and tailings. The mobilisation of mining contractor SSH Mining has initiated dozer operations, clearing the way for a comprehensive bulk sampling program and drilling campaign.
Validating Historic Data to Accelerate Production
The upcoming reverse circulation (RC) and aircore (AC) drilling, alongside bulk sampling, is designed to validate historic exploration results and metallurgical recovery data. This validation is critical for confirming processing pathways, including potential toll treatment at nearby facilities, which could fast-track the project’s transition from exploration to production.
Focus on Wagtail Deposit Resource Upgrade
Drilling efforts will also focus on the Wagtail deposit, a key component of the Mt Fisher project, to underpin an updated Mineral Resource Estimate (MRE) and Ore Reserve studies. These updates are expected to strengthen the project’s resource base and provide a clearer pathway toward near-term production opportunities.
Strategic Partnership with SSH Mining
SSH Mining’s involvement, under its 'Hire, Mine, Own' strategy, brings operational expertise and momentum to the project. According to SSH’s COO Sam Baker, the program not only aims to unlock value from existing stockpiles but also offers attractive optionality for both parties amid a robust gold market.
Outlook and Next Steps
High-Tech Metals’ Non-Executive Chairman Charles Thomas highlighted the importance of these works in fast-tracking production and enhancing the project’s overall value. As metallurgical testwork and drilling results come in over the coming weeks, investors will be watching closely for confirmation of the project’s commercial viability and potential production timelines.
Bottom Line?
Mt Fisher’s site works mark a tangible step toward production, but drilling and test results will be the true catalysts.
Questions in the middle?
- What will the metallurgical testwork reveal about processing feasibility and recovery rates?
- How significantly will the updated Mineral Resource Estimate at Wagtail impact project economics?
- What timeline can investors expect for transitioning from exploration to production?
