How Will MetalsTech’s $2M Boost Shape the Future of Sturec Gold Mine?

Strategic Investment Boosts MetalsTech's Sturec Ambitions

MetalsTech Limited (ASX – MTC) has confirmed receipt of the second tranche of a strategic investment totaling $2 million from a private ultra-high net worth investor. This capital injection, priced at 15 cents per share, is part of a placement designed to strengthen the company’s financial position and accelerate progress on its flagship Sturec Gold Project in Slovakia.

The funds will be primarily directed towards completing the Pre-Feasibility Study (PFS), a critical step that will provide a detailed assessment of the project’s economic viability and operational plan. Additionally, the capital will bolster MetalsTech’s balance sheet and support general working capital needs, ensuring the company is well-positioned to meet upcoming development milestones.

Robust Project Economics Highlighted in Scoping Study

Earlier this year, MetalsTech released an updated Scoping Study for Sturec, which painted a promising picture of the underground gold mining operation. The study reported an impressive pre-tax Net Present Value (NPV8) of US$768 million and an Internal Rate of Return (IRR) of 162%, based on a conservative gold price assumption of US$2,500 per ounce. These figures underscore the project's potential to deliver substantial shareholder value if development proceeds as planned.

Executive Director Gino D’Anna emphasized the unique nature of the Sturec asset, highlighting its scalability and significant exploration upside. The project’s 2.7 million ounce gold resource, combined with regional exploration targets and potential extensions beneath the current resource, offers a compelling growth story beyond the initial mine plan.

Well-Funded and Focused on Value Creation

With the recent placement, MetalsTech maintains a tight shareholder register and sufficient funding to navigate the next phases of project development. The company’s strategic focus remains on delivering the PFS by the end of the year, a milestone that could unlock further investment and pave the way for eventual mine construction.

The involvement of Minmetals Securities Co., Ltd as sole advisor to the placement adds a layer of institutional credibility to the transaction. While the identity of the investor remains confidential, their participation signals confidence in MetalsTech’s strategy and the Sturec project’s prospects.

As gold prices continue to hover above US$3,300 per ounce, the timing of this funding round aligns well with favourable market conditions, potentially enhancing the project’s economic outlook.