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An update from High-Tech Metals Limited ( (AU:HTM) ) is now available.
High-Tech Metals has reported early reverse-circulation drilling assays from its Wagtail gold deposit in Western Australia, confirming strong continuity of high-grade mineralisation within its existing high-grade resource. The initial “rush” results include a standout intersection of 1 metre at 171.35 grams per tonne gold within 6 metres at 28.96 grams per tonne from shallow depths, alongside multiple other near-surface high-grade intercepts that validate the coarse-gold, quartz vein–hosted nature of the deposit and its historical record of very high-grade production. Drilling is set to restart this week to refine the resource and support mine planning, while scoping-level mining and processing studies are advancing in parallel, backed by metallurgical testwork, mine design, permitting workstreams and a toll-treatment memorandum of understanding with Wiluna Mining, collectively underlining Wagtail’s potential as a near-term production opportunity and strengthening the project’s emerging economic case for stakeholders.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.30 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 (ASX: HTM) is an Australian resources company focused on the exploration and development of high-grade gold assets within its Mt Fisher–Mt Eureka Project portfolio in Western Australia. The flagship Wagtail deposit is a quartz vein–hosted gold reef with a defined high-grade resource and a history of extremely high-grade production, positioning the company within the emerging high-grade gold segment of the WA mining sector.
Average Trading Volume: 69,293
Technical Sentiment Signal: Buy
Current Market Cap: A$17.81M
For an in-depth examination of HTM stock, go to TipRanks’ Overview page.