How High-Tech Metals Is Unlocking Gold Value at Mt Fisher and Mt Eureka

Strategic Progress at Mt Fisher and Mt Eureka

High-Tech Metals Limited (ASX, HTM) has reported a pivotal quarter ending 30 September 2025, marked by tangible progress in its Mt Fisher and Mt Eureka gold projects located in Western Australia's Northern Goldfields. Following the acquisition earlier this year, the company has swiftly transitioned from ownership to operational execution, underscored by drilling campaigns and regulatory milestones.

The company completed a targeted drilling program across historic stockpiles and tailings at Mt Fisher, with samples now undergoing metallurgical testwork in Perth. These tests aim to validate historical recovery rates and explore processing options, including potential toll treatment arrangements with nearby facilities. While discussions on toll treatment remain preliminary, the initiative signals a clear intent to unlock near-term production opportunities from existing resources.

Regulatory and Joint Venture Milestones

Securing regulatory approvals for both a Program of Work and a Small Mining Operation at Mt Fisher has cleared critical hurdles, enabling exploration and small-scale mining activities to commence on granted mining leases. This regulatory progress dovetails with strategic partnerships, notably the signing of a profit share joint venture with SSH Mining (ASX, SSH) to commercialise historic gold stockpiles. Under this agreement, High-Tech Metals retains 85% of net project profits, reflecting a favourable commercial structure.

Further cementing this collaboration, a Mining Agreement with SSH Mining was executed to advance the Wagtail Gold Deposit. SSH Mining will fully fund pre-feasibility studies and undertake mining activities under a cost-plus arrangement, while High-Tech Metals maintains ownership of ore and gold sales. This arrangement provides a low-risk pathway to production, leveraging SSH’s operational expertise and capital.

Exploration and Resource Potential

The combined Mt Fisher and Mt Eureka projects host a JORC-compliant mineral resource estimate of approximately 187,000 ounces of gold, with a significant portion classified as Measured and Indicated. The projects cover a substantial 1,150 square kilometres in a highly prospective greenstone belt near established gold operations. Exploration efforts continue to focus on expanding known mineralisation, particularly at the Dam-Damsel Gold Trend, Mt Fisher, Wagtail, and Mt Eureka prospects, where recent drilling has returned encouraging intercepts.

Financial and Leadership Strengthening

To support its aggressive exploration and development plans, High-Tech Metals completed a placement of the entitlement issue shortfall, raising over $1 million before costs. This capital injection, combined with a cash balance of $1.447 million at quarter-end, provides a solid financial foundation for ongoing activities. The appointment of James Merrillees as CEO brings seasoned leadership with extensive global mining and exploration experience, positioning the company to navigate the next growth phase effectively.

Overall, High-Tech Metals is executing a clear strategy to generate early cash flow from existing mining leases while pursuing high-impact exploration targets. The combination of regulatory approvals, strategic partnerships, and financial backing sets the stage for potential value creation in one of Western Australia’s last under-explored gold belts.