High-Tech Metals Ltd is set to expand its Mt Fisher gold resource following an independent geological review that highlights multiple high-grade extensions beyond current estimates. A targeted drilling campaign will soon commence to unlock this potential.
- Independent review confirms resource open north, south, and down dip
- Current JORC resource: 464kt at 2.32g/t Au for 35,000 ounces
- Multiple high-grade gold intersections identified outside existing resource limits
- Aggressive 2026 drilling campaign planned to target resource infill and extensions
- Development studies progressing at nearby high-grade Wagtail deposit
Independent Review Sparks Optimism
High-Tech Metals Ltd (ASX: HTM) has revealed promising results from an independent geological review of its Mt Fisher Gold Project in Western Australia's Northern Goldfields. The review, conducted with Muller Geological Consulting, confirms that the current JORC 2012 Mineral Resource of 464,000 tonnes at 2.32 grams per tonne gold (35,000 ounces) remains open for expansion in multiple directions; north, south, and down dip.
This finding is significant because it suggests that the known mineralisation extends beyond the boundaries of the current resource model, offering potential for meaningful growth in gold ounces. The review identified 146 mineralised intercepts with grades above 0.5 g/t Au, yet only 42 of these are included in the existing resource, highlighting substantial untapped potential.
High-Grade Intersections Highlight Upside
Historical drilling at Mt Fisher has returned several high-grade gold intersections, including standout results such as 6 metres at 9.39 g/t Au from 99 metres and 13 metres at 4.41 g/t Au from 80 metres. These intercepts, many outside the current resource limits, underpin the company's confidence in targeting extensions to known high-grade shoots.
The mineralisation is hosted within a sulfidic sediment unit sandwiched between basalt and ultramafic rock units; a geological setting that remains largely untested beyond the existing pit limits. This structural and stratigraphic context provides a clear framework for systematic exploration and resource growth.
Drilling Campaign to Accelerate Resource Growth
High-Tech Metals plans to launch an aggressive drilling program in the coming weeks, structured in three stages. The initial phase will focus on infill and extension drilling to confirm grade continuity and expand the resource down dip and along strike. Subsequent stages aim to expand the resource footprint north and south and test additional priority targets along the mineralised horizon.
This phased approach allows the company to rapidly scale up drilling contingent on positive results, reflecting a disciplined strategy to systematically grow the Mt Fisher resource base.
Strategic Synergies with Wagtail Deposit
Alongside exploration at Mt Fisher, High-Tech Metals is advancing development studies at the nearby Wagtail deposit, located just 1.3 kilometres southeast. Wagtail boasts a high-grade JORC resource of 63,000 tonnes at 7.11 g/t Au for 14,600 ounces, with recent drilling returning exceptional shallow intercepts such as 5 metres at 44.41 g/t Au.
With granted mining leases, existing infrastructure, and a mining agreement with SSH Group, Wagtail is positioned for near-term production. A non-binding memorandum of understanding with Wiluna Mining Corporation offers a potential toll treatment pathway, reducing capital requirements and accelerating development timelines.
Outlook and Market Positioning
High-Tech Metals’ dual focus on near-term production at Wagtail and systematic resource growth at Mt Fisher reflects a balanced approach to value creation. The company’s substantial landholding across the Yilgarn Craton, one of the world’s premier gold provinces, combined with a strong technical team, positions it well to unlock significant upside in a historically under-explored greenstone belt.
As drilling commences, market participants will be keenly watching assay results and subsequent resource updates, which could materially enhance the project’s development potential and the company’s valuation.
Bottom Line?
Mt Fisher’s open-ended resource and imminent drilling campaign set the stage for a pivotal year in High-Tech Metals’ growth story.
Questions in the middle?
- How quickly will drilling results translate into a resource upgrade?
- What are the capital requirements and timelines for advancing Mt Fisher beyond exploration?
- How will development at Wagtail integrate with Mt Fisher’s expansion plans?