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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -817.74K | -659.85K | -1.47M | 0.00 |
| Net Income | -1.31M | -737.58K | -1.49M | -470.33K |
Balance Sheet | ||||
| Total Assets | 6.08M | 3.73M | 4.85M | 108.24K |
| Cash, Cash Equivalents and Short-Term Investments | 1.60M | 206.92K | 1.36M | 103.45K |
| Total Debt | 47.17K | 113.74K | 188.45K | 0.00 |
| Total Liabilities | 509.72K | 251.13K | 644.75K | 153.96K |
| Stockholders Equity | 5.58M | 3.47M | 4.21M | -45.72K |
Cash Flow | ||||
| Free Cash Flow | -2.55M | -1.55M | -1.29M | -112.31K |
| Operating Cash Flow | -819.71K | -907.53K | -760.09K | -112.31K |
| Investing Cash Flow | -580.51K | -245.72K | -2.54M | 0.00 |
| Financing Cash Flow | 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% | |
50 Neutral | AU$27.90M | -6.09 | -9.68% | ― | ― | ― | |
46 Neutral | AU$38.32M | -4.34 | -19.53% | ― | ― | 3.79% | |
45 Neutral | AU$20.59M | -3.24 | -104.93% | ― | ― | -69.98% | |
45 Neutral | AU$25.99M | -9.14 | >-0.01% | ― | ― | 84.36% | |
41 Neutral | AU$25.47M | -2.33 | -105.69% | ― | -100.00% | 8.51% | |
41 Neutral | AU$34.32M | -2.58 | -5.94% | ― | -67.81% | -244.10% |
High-Tech Metals Limited Corporate Events
High-Tech Metals has reported further strong assay results from an infill reverse-circulation drilling program at the Wagtail Gold Deposit in Western Australia, including shallow intersections such as 12 metres at 8.81 grams per tonne gold and 9 metres at 7.04 grams per tonne. The campaign was designed to boost geological confidence in the existing high-grade resource and has confirmed robust grade continuity within the quartz vein system.
Several drill holes encountered mineralisation at end-of-hole and in step-out positions north of the current resource, indicating potential extensions to the Wagtail system beyond existing model limits. The results underpin ongoing work on an updated mineral resource estimate and scoping-level development studies with joint venture partner SSH Group, supporting the assessment of possible near-term production and signalling a positive outlook for project advancement.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.27 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 released its interim financial statements for the period ended 31 December 2025, accompanied by an updated corporate directory. The disclosure confirms the company’s governance and advisory structure, signaling operational continuity and regulatory compliance, but provides no additional insight into financial performance or strategic developments for stakeholders.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.27 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 confirmed that CEO James Merrillees has successfully completed his six-month probation period, during which he led the advancement of exploration across the company’s Northern Goldfields portfolio, including the Mt Fisher and Mt Eureka gold projects in Western Australia. Following this milestone, his base remuneration rises to A$275,000 per year, and, subject to shareholder approval, he will receive a package of unlisted performance rights tied to gold resource milestones and share price targets, underscoring the board’s confidence in his leadership and aligning his incentives with project growth and shareholder value.
The performance rights will vest in stages if High-Tech Metals announces JORC-compliant gold resources of at least 350,000 ounces and 600,000 ounces within specified time frames, and if the company’s share price sustains levels above $0.40 and $0.50 for defined trading periods. This structure links executive rewards directly to exploration success and market performance, reinforcing the company’s strategic push to build scale and improve its position in the competitive Australian gold sector.
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.
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.
High-Tech Metals has completed a share placement, issuing 3,000,000 fully paid ordinary shares at $0.25 each to raise $750,000 before costs under its ASX Listing Rule 7.1 placement capacity. The placement, offered to eligible optionholders who were unable to exercise their options before expiry, strengthens the company’s working capital and provides additional funding to advance exploration at its Mt Fisher and Mt Eureka projects, supporting ongoing operational momentum and exploration-led growth objectives.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.33 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 3,000,000 fully paid ordinary shares without a prospectus, relying on disclosure exemptions under Australian corporations law. The company has lodged the required details with the ASX and confirmed its compliance with key financial reporting and continuous disclosure obligations, while stating there is no excluded information that investors would reasonably require to assess the company or the rights attached to its shares, effectively cleansing the new shares for secondary trading.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.33 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 an additional 3,000,000 ordinary fully paid shares, to be issued on 5 February 2026 under the code HTM. The move modestly expands the company’s listed capital base, potentially providing additional funding flexibility and liquidity for shareholders, although the announcement does not specify the underlying transaction or intended use of proceeds.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.33 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 notified the ASX of its intention to issue up to 3,000,000 new ordinary fully paid shares under a proposed placement or similar capital-raising structure, with the issue scheduled for 5 February 2026. The additional equity, once completed and quoted, will expand the company’s share base and provide fresh capital, potentially supporting its growth plans in the high-tech metals space while modestly diluting existing shareholders’ holdings.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.33 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 reported a change in the indirect holdings of director Charles William Thomas, held through Mounts Bay Investments Pty Ltd in both the Calver Capital and CT Super Fund accounts. The director exercised 322,570 HTMO options, resulting in the acquisition of 322,570 HTM shares and the lapse of 300,000 HTMO options, with post-transaction holdings consolidated into a larger HTM share position and unchanged performance rights balances. The on-market movements, totaling just over A$80,000 in consideration, indicate the director’s transition from options into ordinary equity, modestly increasing his direct economic exposure to High-Tech Metals and signaling continued alignment with shareholder interests.
The most recent analyst rating on (AU:HTM) stock is a Hold with a A$0.33 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 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.