SSH Mining Starts Drilling and Resource Upgrade at Mt Fisher Gold Project
SSH Group has kicked off site preparation at the Mt Fisher Gold Project, setting the stage for drilling and resource upgrades that could unlock significant value from historic stockpiles and tailings.
- Site works commenced on historic stockpiles and tailings at Mt Fisher
- RC and aircore drilling programs to start within weeks
- Updated Wagtail Mineral Resource Estimate to support Ore Reserve studies
- SSH Mining to act as contractor with 15% profit share from net proceeds
- Company expanding mining services pipeline and evaluating joint ventures
Site Preparation Underway at Mt Fisher
SSH Group Ltd (ASX – SSH) has initiated site works at the Mt Fisher Gold Project in Western Australia, focusing on historic stockpiles and tailings. This marks a significant operational milestone for SSH Mining, the company’s mining services division, which has mobilised its team to begin dozer works that will facilitate bulk sampling and drilling activities.
Upcoming Drilling and Metallurgical Testing
Within the coming weeks, SSH plans to commence reverse circulation (RC) and aircore (AC) drilling programs aimed at both resource definition and material sampling. These drilling efforts are designed to upgrade the classification of gold ounces at the Wagtail deposit from inferred to indicated and measured categories, a critical step towards refining the Mineral Resource Estimate (MRE) and supporting future Ore Reserve studies. Metallurgical test work will follow closely, validating historic recovery rates and confirming processing pathways for the rehandle material.
Strategic Role and Profit Sharing
SSH Mining will serve as the mining contractor for the Mt Fisher project and is set to receive a 15% profit share from net proceeds, aligning its interests closely with project success. This arrangement underscores SSH’s integrated approach encapsulated in its “Hire, Mine, Own” strategy, which aims to build operational capability while securing exposure to mineral assets.
Expanding Project Pipeline and Capabilities
Beyond Mt Fisher, SSH Mining is actively tendering for multiple surface and underground mining projects, while also reviewing additional joint venture opportunities. The company is investing in strengthening its operational and technical teams to enhance delivery and execution, positioning itself as a growing mining services provider with diversified exposure.
Context and Outlook
The Mt Fisher Gold Project, operated in partnership with High-Tech Metals Limited (ASX – HTM), holds a substantial resource base with combined measured, indicated, and inferred gold ounces across Mt Fisher and Mt Eureka tenements. The current activities aim to unlock value from historic stockpiles and tailings, which could provide near-term production opportunities while the resource upgrade work lays the foundation for longer-term development. In a robust gold market, these developments could enhance SSH’s asset portfolio and revenue streams.
Bottom Line?
As SSH Mining accelerates work at Mt Fisher, upcoming drilling results and resource updates will be key to validating its growth ambitions.
Questions in the middle?
- What will the updated Mineral Resource Estimate reveal about the Wagtail deposit’s potential?
- How soon could production from historic stockpiles and tailings translate into cash flow?
- Which other mining projects or joint ventures might SSH secure to expand its footprint?
