HTM’s 250,000oz Gold Resource Poised for Near-Term Production Boost

Strategic Positioning in a World-Class Gold Belt

High-Tech Metals Limited (ASX, HTM) is making significant strides in advancing its Mt Fisher and Mt Eureka gold projects, located within a 1,150 square kilometre landholding in Western Australia's northern goldfields. This region, part of the Yilgarn Craton, is renowned for its rich mineral endowment but remains one of the least explored belts, offering substantial upside for discovery and growth.

The company’s current resource base stands at approximately 250,000 ounces of gold, including notable deposits such as Mt Fisher with 34,000 ounces at 2.32 grams per tonne and the high-grade Wagtail deposit with 15,000 ounces at 7.11 grams per tonne. These resources underpin HTM’s strategy to fast-track production while continuing to explore and expand its footprint.

Unlocking Near-Term Production Potential

A key highlight is the evaluation of historical stockpiles at Mt Fisher, mined in the late 1980s, which present a fast-track production opportunity. Metallurgical testwork has demonstrated strong gold recoveries of around 93%, with gold exhibiting favourable processing characteristics such as free-milling and rapid leach kinetics. This supports potential toll treatment arrangements and blending options with the Wagtail resource.

HTM has secured a profit-share mining agreement with SSH Mining (ASX, SSH), appointing them as the mining contractor to facilitate early production. Drilling programs are underway at Wagtail to extend and infill mineralisation, aiming to underpin early high-grade gold output. Concurrently, mining studies, permitting, and trucking options are progressing to support development.

Dual-Track Growth Strategy, Resource Expansion and Discovery

Beyond near-term production, HTM is pursuing a dual-track approach to growth. This involves expanding existing resources through targeted drilling and advancing greenfield exploration across multiple high-priority targets such as Damsel (75,000 ounces), Dam SE, Dam North, Shiva, and Southern-Galway. Encouraging drill intercepts and geophysical anomalies suggest significant discovery potential remains untapped.

The company aims to grow its gold resources beyond 250,000 ounces while advancing development studies, including scoping studies to assess oxide and sulphide ore potential. These efforts are supported by ongoing metallurgical and geotechnical data collection, permitting activities, and a clear roadmap for 2025–26 that includes resource updates, assay results, and further drilling campaigns.

Experienced Leadership Driving Value Creation

HTM’s leadership team brings extensive experience in mining, exploration, and capital markets. CEO James Merrillees, with over 25 years in global mining, is steering the company’s technical and corporate strategy. Non-executive Chairman Charles Thomas and directors Quinton Meyers and Tyler Formica add depth in corporate advisory, equity markets, and investment management, positioning HTM well to execute its growth ambitions.

With a market capitalisation of approximately A$16.6 million and cash reserves of around A$1.45 million as of September 2025, HTM is poised to self-fund its growth initiatives through early production and strategic partnerships.