High-Tech Metals Launches Drilling at Wagtail, Eyes New Gold Targets
High-Tech Metals has commenced a 3,000m drilling program at its high-grade Wagtail gold deposit, while identifying promising new regional targets at Mt Fisher and Mt Eureka for early 2026 exploration.
- 3,000m infill and grade-control drilling underway at Wagtail deposit
- Multiple walk-up drill targets identified, including Shiva and Irwin Bore
- Collaboration with SSH Mining funds pre-feasibility and drilling activities
- PGN Geoscience conducting structural review to refine regional targeting
- Scoping studies and metallurgical testwork progressing to support near-term mining
Drilling Commences at High-Grade Wagtail
High-Tech Metals Ltd (ASX – HTM) has kicked off a significant drilling campaign at its Wagtail gold deposit, part of the Mt Fisher and Mt Eureka projects in Western Australia's Northern Goldfields. The approximately 3,000-metre program focuses on infill and grade-control drilling aimed at refining the existing JORC (2012) Mineral Resource of 14,600 ounces at 7.11 grams per tonne gold. This drilling is a critical step toward updating the resource and advancing mining studies under a funding agreement with SSH Mining Australia Pty Ltd.
New Regional Targets Identified
Beyond Wagtail, High-Tech Metals has identified multiple walk-up drill targets across the broader Mt Fisher and Mt Eureka greenstone belt. Priority prospects Shiva and Irwin Bore stand out due to their strong historical grades and continuity of mineralisation. Drilling at these sites is planned for early 2026, pending permitting. The company has engaged PGN Geoscience, a specialist in structural geology and geophysics, to conduct a belt-scale review integrating reprocessed geophysical data. This work aims to sharpen the focus on key mineralised corridors and generate a ranked pipeline of targets.
Strategic Partnerships and Project Advancement
The collaboration with SSH Mining is pivotal, with SSH funding all pre-feasibility work and drilling required to push the project toward a Final Investment Decision. Concurrently, High-Tech Metals is progressing metallurgical testwork, mine design, permitting, and toll-treatment discussions with nearby processing facilities. These efforts collectively underpin the company’s strategy to rapidly advance near-term production opportunities, establishing early cash flow to support further exploration.
Historical Data Supports High-Grade Potential
Historical drilling results reinforce the high-grade potential of the region. At Wagtail, assays have included impressive intercepts such as 5 metres at 41.13 g/t gold and 3 metres at 55.14 g/t gold. Shiva and Irwin Bore also show promising mineralisation, with broad zones extending over significant strike lengths and grades that suggest potential for resource growth. This foundation of data provides confidence as the company moves into its next phase of exploration and development.
Looking Ahead
High-Tech Metals is positioning itself to unlock value from one of Western Australia’s last under-explored greenstone belts. With drilling underway and a robust pipeline of targets, the company aims to transition from exploration to production in the near term. The integration of technical expertise and strategic partnerships sets a solid platform for discovery and development success in 2026 and beyond.
Bottom Line?
As drilling progresses and new targets emerge, High-Tech Metals is poised to redefine its gold resource potential in a prolific region.
Questions in the middle?
- What will the assay results from the Wagtail drilling reveal about resource expansion?
- How quickly can permitting be secured for Shiva and Irwin Bore to commence drilling?
- What are the potential timelines and economics for advancing Mt Fisher towards production?
