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The latest announcement is out from High-Tech Metals Limited ( (AU:HTM) ).
High-Tech Metals is preparing to launch a ~5,000m reverse circulation drilling program at its Mt Fisher Gold Project in Western Australia, aimed at expanding the existing 35,000-ounce gold resource and increasing grade confidence. The campaign follows a recent geological review that identified significant high-grade mineralisation hosted in a basalt–sediment contact system, with the deposit remaining open in multiple directions.
The Stage 1 program will test down-dip and along-strike extensions, target high-grade shoots identified in historical drilling, and infill sparsely drilled areas to upgrade resource classification. With 146 mineralised intercepts identified but only 42 currently included in the resource model, the company sees strong potential for resource growth, while planned metallurgical sampling will support development studies and progression toward conventional gold processing and potential near-term production alongside the Wagtail opportunity.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.26 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, with its key asset being the Mt Fisher Gold Project in Western Australia. The company is advancing a strategy to grow its JORC-compliant gold resources and move toward near-term production, complemented by the high-grade Wagtail prospect.
Average Trading Volume: 192,731
Technical Sentiment Signal: Hold
Current Market Cap: A$27.9M
Learn more about HTM stock on TipRanks’ Stock Analysis page.