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High-Tech Metals Limited
(Sydney:HTM)
High-Tech Metals Limited (HTM) vs. iShares MSCI Australia ETF (EWA)
High-Tech Metals Limited Business Overview & Revenue Model
High-Tech Metals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -222.79K | -817.74K | -659.85K | -1.47M | 0.00 |
| Net Income | -417.01K | -1.31M | -737.58K | -1.49M | -470.33K |
Balance Sheet | |||||
| Total Assets | 6.08M | 6.08M | 3.73M | 4.85M | 108.24K |
| Cash, Cash Equivalents and Short-Term Investments | 1.60M | 1.60M | 206.92K | 1.36M | 103.45K |
| Total Debt | 47.17K | 47.17K | 113.74K | 188.45K | 0.00 |
| Total Liabilities | 509.72K | 509.72K | 251.13K | 644.75K | 153.96K |
| Stockholders Equity | 5.58M | 5.58M | 3.47M | 4.21M | -45.72K |
Cash Flow | |||||
| Free Cash Flow | -1.13M | -2.55M | -1.55M | -1.29M | -112.31K |
| Operating Cash Flow | -260.10K | -819.71K | -907.53K | -760.09K | -112.31K |
| Investing Cash Flow | -415.82K | -580.51K | -245.72K | -2.54M | 0.00 |
| Financing Cash Flow | 1.39M | 2.74M | 0.00 | 4.52M | 360.60K |
High-Tech Metals Limited Technical Analysis
High-Tech Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$35.20M | -1.21 | -80.21% | ― | ― | -69.98% | |
52 Neutral | AU$36.25M | -47.32 | -3.94% | ― | ― | 84.36% | |
50 Neutral | AU$31.71M | ― | ― | ― | ― | ― | |
50 Neutral | AU$43.37M | -9.61 | -15.50% | ― | ― | 3.79% | |
43 Neutral | AU$30.32M | -5.81 | -84.97% | ― | -100.00% | 8.51% | |
41 Neutral | AU$41.42M | -6.23 | -5.81% | ― | -67.81% | -244.10% |
High-Tech Metals Limited Corporate Events
High-Tech Metals has raised approximately $10.7 million through the exercise of 42.9 million listed options, resulting in the issue of an equivalent number of new fully paid shares and strengthening its balance sheet. The company plans to use the proceeds to accelerate drilling and mining lease applications at its Dam-Damsel deposit to make it production-ready as the second planned operation after the Wagtail deposit, while also funding exploration drilling across its extensive Mt Fisher–Mt Eureka project area and supporting working capital, reinforcing its development pipeline and growth ambitions in Western Australian gold.
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.
High-Tech Metals Limited has issued 38,317,662 fully paid ordinary shares following the exercise of an equivalent number of listed options, each exercisable at $0.25 on or before 19 January 2026. The company stated that the new shares were issued without a prospectus under the Corporations Act and confirmed its ongoing compliance with financial reporting and continuous disclosure obligations, indicating there is no excluded information requiring disclosure, thereby supporting transparency for existing and new shareholders.
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.
High-Tech Metals Ltd has lodged an Appendix 2A with the ASX applying for quotation of a new batch of securities that have been issued following the exercise of options or conversion of other convertible securities, with the new securities dated as issued on 21 January 2026. The move formalises the transition of these instruments into quoted fully paid securities, modestly increasing the company’s tradable equity base and potentially enhancing liquidity for existing and new shareholders, though no additional transactional or operational details were disclosed in the filing.
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.
High-Tech Metals Ltd has announced the cessation of 95,000 listed options (HTMAD), which expired unexercised on 19 January 2026. The lapse of these 25-cent options marginally reduces the company’s pool of potential dilutive securities, slightly simplifying its capital structure but having no immediate cash or operational impact, and is a routine corporate event for ASX-listed companies.
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.
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.
High-Tech Metals Limited has issued 4,588,822 fully paid ordinary shares following the exercise of an equivalent number of listed options priced at $0.25 each, ahead of their January 2026 expiry. The company confirmed it remains compliant with key financial reporting and continuous disclosure obligations and stated there is no excluded information that must be disclosed, positioning the new shares to trade freely and signaling orderly capital management for existing and new shareholders.
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.
High-Tech Metals Ltd has applied to the ASX for quotation of 4,588,822 new ordinary fully paid shares, to be issued on 13 January 2026 under its code HTM. The additional securities, arising from exercised options or converted instruments, will expand the company’s quoted capital base, potentially improving share liquidity and providing further financial flexibility for its ongoing activities.
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.
High-Tech Metals has launched an aggressive exploration push at the untested Bullock prospect, immediately north of its Wagtail deposit, targeting a Wagtail-style high-grade gold discovery along the same structural corridor, where rock-chip sampling has returned surface assays up to 14.2 g/t gold and historical work points to strong mineralisation. In parallel, mining contractor SSH Mining has begun desktop-level financial and development studies and will move into a Scoping Study following current infill drilling at Wagtail, while High-Tech plans drilling at the 75,000-ounce Damsel deposit to advance it to Mining Lease status, collectively signalling a concerted drive to transition the project cluster into near-term gold production and potentially enhance project economics through multi-deposit development.
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.
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.
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.
High-Tech Metals will restart reverse circulation drilling at its high‑grade Wagtail gold deposit in Western Australia in the week beginning 12 January 2026, following a Christmas shutdown, as part of a roughly 3,000‑metre infill program targeting known high‑grade mineralised zones. The drilling, managed and funded by SSH Mining Australia under an existing mining agreement, is aimed at generating geological, grade and metallurgical data to support resource and development studies, with visible gold already observed in earlier holes, historical intersections confirming the deposit’s high‑grade potential, and assay results from the current campaign expected to flow through during January 2026, marking a key step toward a potential Final Investment Decision on the project.
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.
High-Tech Metals director Charles William Thomas has increased his indirect interest in the company through Mounts Bay Investments Pty Ltd by acquiring 2.2 million performance rights across four classes, each subject to specific gold resource and share price hurdles. The transaction, approved via a prior shareholder meeting, aligns Thomas’s remuneration with long-term performance targets, potentially diluting existing shareholders if the ambitious JORC resource and VWAP conditions are met but also signalling management’s commitment to advancing the company’s exploration assets and market valuation.
High-Tech Metals has reported the intersection of multiple zones of visible gold in reverse circulation drilling at its high-grade Wagtail deposit in Western Australia, with mineralisation hosted in sulphide-bearing quartz veins consistent with strong historical grades. The SSH Mining–funded infill and grade-control program aims to refine and potentially expand the existing JORC mineral resource and support a potential production decision, with expedited assay results due from mid-January and a broader scoping-level mining assessment underway for Mt Fisher and Wagtail covering metallurgy, mine design, permitting and toll-treatment options, underlining the project’s near-term development prospects.
High-Tech Metals Ltd has notified the market of the issue of several classes of unquoted performance rights, totalling 6.6 million securities, which are not intended to be quoted on the ASX. These rights will vest on achieving specified resource and market milestones, including defined JORC gold resource thresholds and volume-weighted average price (VWAP) targets, signalling a management focus on aligning incentives with both exploration success and share price performance, and potentially diluting existing holders if the milestones are met.
High-Tech Metals Limited has notified holders of its ASX-listed options (HTMO) that these securities, exercisable at $0.25 each, are due to expire at 5:00pm WST on 19 January 2026, with approximately 52.6 million options currently on issue. The company has dispatched personalised expiry notices and exercise forms, reminding holders that any options not exercised by the deadline will lapse and become valueless, while any resulting ordinary shares will rank equally with existing shares and be quoted on the ASX, potentially affecting the company’s capital structure depending on the level of option conversion.
High-Tech Metals Limited has announced a proposed issue of securities with a maximum of 6,600,000 rights that are contingent on milestones including the attainment of specific gold resource thresholds and trading performance on ASX. This strategic move aims to support the company’s operational and market expansion goals, which could enhance its competitive positioning and provide new opportunities for stakeholders.
High-Tech Metals Limited, through its subsidiary SSH Group Ltd, is advancing its operations at the Wagtail Gold Deposit, part of the Mt Fisher Gold Project. The company is focused on gold mining, with a strategy to enhance its mineral resources and production capabilities. SSH Group Ltd has initiated a high-density infill drilling program at the Wagtail Gold Deposit to potentially upgrade its mineral resources and support future mine planning. This initiative, alongside a Production Pathway Desktop Study, aims to explore various development scenarios and improve geological confidence, thereby strengthening the company’s position in the gold mining industry.
High-Tech Metals Limited is advancing its Mt Fisher Gold project, aiming to fast-track production and discovery within a world-class gold belt. The company has completed significant drilling and exploration activities, indicating potential resource upside and high-grade gold findings, which could enhance its market position and provide substantial opportunities for stakeholders.
High-Tech Metals Ltd has commenced a 3,000-meter drilling program at the Wagtail deposit, part of its Mt Fisher and Mt Eureka Gold Project in Western Australia. The initiative aims to enhance geological confidence and support future resource updates. The company has identified multiple high-grade gold targets and is working with SSH Mining Australia and PGN Geoscience to advance these prospects. The exploration efforts are expected to position High-Tech Metals for near-term development and potential cash flow, supporting a self-funded exploration strategy.
High-Tech Metals Ltd has announced significant progress in its exploration activities at the Mt Fisher Gold Project, with high-grade gold findings in rock chip samples and plans to commence infill drilling at the Wagtail deposit. These developments, managed in partnership with SSH Group, aim to enhance the resource model and advance mining studies, potentially leading to near-term gold production.
High-Tech Metals Limited announced that all resolutions were passed at its Annual General Meeting of shareholders. Key resolutions included the adoption of the remuneration report, re-election of directors, approval of a 10% placement facility, and issuance of performance rights to key executives. This successful meeting outcome supports the company’s strategic initiatives and strengthens its governance framework.
High-Tech Metals Ltd has announced promising metallurgical test results from its Mt Fisher Gold Project, confirming that the mineralization is free-milling and suitable for conventional processing methods, achieving recoveries of up to 92.8%. These results support ongoing Scoping Study work and potential toll-treatment opportunities, enhancing the project’s development prospects and profitability.
High-Tech Metals Limited has successfully increased its ownership stake in the Mt Eureka Gold Project to 75% after fulfilling the necessary expenditure and reporting requirements under its agreement with Cullen Resources Ltd. This strategic move consolidates High-Tech’s position in one of the least explored greenstone belts in the Yilgarn Craton, enhancing its potential for resource growth and discovery. The Mt Eureka and Mt Fisher projects collectively host a significant mineral resource, providing a strong foundation for future exploration and production opportunities.
High-Tech Metals Limited has announced its upcoming annual general meeting for shareholders, scheduled for November 27, 2025, at its headquarters in Subiaco, WA. The meeting will be conducted in person without video conferencing, and shareholders are encouraged to attend or appoint a proxy to vote on resolutions. The notice of the meeting is available online, and shareholders can contact the company for further assistance. This meeting is a key event for stakeholders to engage with the company’s strategic direction and governance.