High-Tech Metals Resumes Second-Phase Drilling at High-Grade Wagtail Gold Deposit

High-Tech Metals Limited ( (AU:HTM) ) has shared an update.

High-Tech Metals has restarted reverse circulation drilling at its high-grade Wagtail gold deposit in Western Australia, marking the second phase of an approximately 3,000-metre infill and grade-control campaign aimed at improving geological confidence and refining grade continuity within the existing JORC resource. The latest work, fully funded and managed by SSH Mining, follows first-phase rush assays that confirmed shallow, high-grade mineralisation, including an intersection of 6 metres at 28.96 grams per tonne gold with a 1-metre interval grading 171.35 grams per tonne, and is intended to provide critical data for mine planning, metallurgical testwork and broader development studies as the partners evaluate Wagtail as a potential near-term production opportunity while systematically reducing technical risk.

The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.29 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 a resources company focused on the exploration and potential development of high-grade gold assets, including the Wagtail gold deposit in Western Australia, which currently hosts a JORC (2012) Mineral Resource of 63,000 tonnes at 7.11 grams per tonne gold for 14,600 ounces on a granted mining lease. The company is working in partnership with SSH Mining Australia under a mining agreement, with SSH managing and fully funding the current drilling program to advance Wagtail toward potential near-term development.

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Technical Sentiment Signal: Buy

Current Market Cap: A$17.81M

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