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High-Tech Metals Limited ( (AU:HTM) ) has provided an update.
High-Tech Metals has entered a non-binding memorandum of understanding with Wiluna Mining Corporation to examine the potential toll treatment of ore from its Mt Fisher project, and possibly Mt Eureka, at Wiluna’s existing 2.1 million tonne per annum carbon-in-pulp processing plant about 180km away. While the MoU imposes no obligation on either party and any toll treatment deal remains contingent on further metallurgical testwork, agreement on commercial terms and a separate binding contract, it provides a structured framework for technical and commercial negotiations that could underpin a capital-efficient development pathway, enhance optionality for mine planning at Mt Fisher and Wagtail, and potentially accelerate monetisation of High-Tech Metals’ regional gold resources.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.34 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 ASX-listed gold explorer and developer focused on its Mt Fisher and Mt Eureka projects in Western Australia, which together host a JORC-compliant mineral resource of 3.52 million tonnes at 1.65 grams per tonne gold for 187,000 ounces, including 88,000 ounces in the Measured and Indicated categories. The company is advancing capital-efficient development strategies, including a mining agreement at the high-grade Wagtail deposit and ongoing technical studies aimed at upgrading project evaluations to scoping study level.
Average Trading Volume: 63,872
Technical Sentiment Signal: Buy
Current Market Cap: A$19.59M
For detailed information about HTM stock, go to TipRanks’ Stock Analysis page.