High-Tech Metals Targets Mt Fisher Resource Growth With New Drilling Push

High-Tech Metals Limited ( (AU:HTM) ) just unveiled an update.

High-Tech Metals has completed an independent geological review of its Mt Fisher Gold Project, confirming that the existing 35,000-ounce JORC 2012 Mineral Resource at 2.32g/t gold sits within a larger, largely untested basalt–sediment contact system. The review found mineralisation remains open to the north, south and down dip, with multiple historical high-grade intersections indicating strong potential for significant resource expansion.

The company plans to begin an aggressive reverse circulation drilling program in the coming weeks, targeting resource infill and extensions to about 200m below surface, with a focus on high-grade shoots identified beyond current resource limits. Management says the refined geological model and upcoming drilling at Mt Fisher, alongside advancing the nearby Wagtail deposit toward development, are intended to materially grow the project’s scale and support a clear pathway to near-term gold production.

The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.28 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 gold explorer and developer focused on its 100%-owned Mt Fisher Gold Project in the Northern Goldfields of Western Australia, about 120km east of Wiluna. The project includes granted mining leases covering the historical Mt Fisher open pit and the nearby high-grade Wagtail deposit, with a combined existing gold resource base and a strategy aimed at near-term production and systematic resource growth.

Average Trading Volume: 157,968

Technical Sentiment Signal: Buy

Current Market Cap: A$30M

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