HTM Eyes Wiluna’s 2.1Mtpa Plant for Toll Processing of 187,000oz Gold Resource

Strategic Partnership Framework

High-Tech Metals Ltd (ASX, HTM) has taken a significant step towards advancing its gold projects in Western Australia by executing a non-binding Memorandum of Understanding (MoU) with Wiluna Mining Corporation Limited (WMC). The agreement sets the stage for technical and commercial discussions focused on the potential toll treatment of ore from HTM’s Mt Fisher Project at WMC’s Wiluna processing plant.

This MoU is designed as a flexible framework, allowing both parties to explore the feasibility of processing HTM’s gold-bearing ore using Wiluna’s existing carbon-in-pulp (CIP) facility, which boasts a nominal capacity of approximately 2.1 million tonnes per annum. Importantly, the MoU does not bind either company to proceed with ore delivery or processing, leaving room for further metallurgical testing and commercial negotiations.

Capital-Efficient Development Pathways

For High-Tech Metals, access to established regional infrastructure is a strategic priority as it seeks to develop its Mt Fisher and Mt Eureka projects without incurring the substantial capital costs associated with building new processing facilities. The Wiluna plant’s proximity; around 180 kilometres from HTM’s projects; offers a potentially cost-effective solution that could accelerate project timelines and improve economic outcomes.

James Merrillees, CEO of High-Tech Metals, emphasised that the MoU aligns with the company’s broader strategy to pursue capital-efficient development options. By progressing technical assessments and commercial discussions in parallel, HTM aims to unlock value from its resource portfolio in a disciplined and timely manner.

Integration with Wagtail Deposit Development

Complementing this toll treatment evaluation is HTM’s recently executed Mining Agreement with SSH Mining Australia Pty Ltd over the high-grade Wagtail Deposit. Under this agreement, SSH Mining is funding pre-feasibility studies, drilling, and mine planning, with a cost-plus profit-sharing mining arrangement. While any processing of Wagtail ore remains subject to separate commercial agreements and approvals, the Wiluna processing facility is considered a logical regional option within HTM’s broader development strategy.

SSH Mining’s COO, Sam Baker, noted that assessing toll treatment options alongside ongoing mine planning provides valuable flexibility as the projects advance toward development decisions.

Next Steps and Market Implications

The MoU outlines key conditions for any future toll treatment arrangement, including successful metallurgical testwork, agreement on commercial terms, and execution of a binding toll treatment contract. HTM’s combined JORC Mineral Resource across Mt Fisher and Mt Eureka stands at 3.52 million tonnes grading 1.65 grams per tonne gold, equating to approximately 187,000 ounces, underscoring the potential scale of the opportunity.

As HTM continues to refine its mine planning and technical studies, the outcome of these discussions with Wiluna Mining will be pivotal in shaping the company’s development pathway. Investors will be watching closely for updates on metallurgical results, binding agreements, and how toll treatment integrates into HTM’s broader operational plans.