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The latest update is out from High-Tech Metals Limited ( (AU:HTM) ).
High-Tech Metals has reported further strong assay results from an infill reverse-circulation drilling program at the Wagtail Gold Deposit in Western Australia, including shallow intersections such as 12 metres at 8.81 grams per tonne gold and 9 metres at 7.04 grams per tonne. The campaign was designed to boost geological confidence in the existing high-grade resource and has confirmed robust grade continuity within the quartz vein system.
Several drill holes encountered mineralisation at end-of-hole and in step-out positions north of the current resource, indicating potential extensions to the Wagtail system beyond existing model limits. The results underpin ongoing work on an updated mineral resource estimate and scoping-level development studies with joint venture partner SSH Group, supporting the assessment of possible near-term production and signalling a positive outlook for project advancement.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on High-Tech Metals Limited stock, see the AU:HTM Stock Forecast page.
More about High-Tech Metals Limited
High-Tech Metals Ltd is an Australian-listed resources company focused on gold exploration and development at its Mt Fisher–Mt Eureka Project in Western Australia. The company is advancing the Wagtail Gold Deposit, which hosts a high-grade JORC-compliant mineral resource and sits within a quartz vein system historically mined for coarse gold.
Average Trading Volume: 194,022
Technical Sentiment Signal: Buy
Current Market Cap: A$28.95M
For detailed information about HTM stock, go to TipRanks’ Stock Analysis page.