High-Tech Metals Acquires Mt Fisher & Mt Eureka Gold Projects to Expand Exploration Footprint

About High-Tech Metals Limited

High-Tech Metals Limited (ASX: HTM) is expanding its presence in Western Australia’s gold sector with the acquisition of the Mt Fisher and Mt Eureka Gold Projects from Rox Resources. This deal represents a significant step forward in establishing HTM as a leading exploration company with a strong resource base in a highly prospective greenstone belt. The projects are in Western Australia’s Northern Goldfields, an area renowned for its high-grade gold deposits. They include both historically productive mines and underexplored tenements that offer excellent potential for further discoveries. The acquisition aligns with HTM’s long-term strategy of developing a sustainable gold production hub and increasing its resource inventory through targeted exploration and drilling.

Expanding Gold Resource and Exploration Potential

The Mt Fisher and Mt Eureka projects host a combined JORC-compliant Mineral Resource Estimate of 187,000 ounces of gold across multiple deposits. The Mt Fisher Gold Project contains 34,700oz at 2.32 g/t Au, with historical production of 30,000oz at 4.3 g/t Au, demonstrating its potential for further resource expansion.

The Wagtail Deposit has a high-grade resource of 14,600oz at 7.11 g/t Au, while the Damsel Deposit is the largest in the package, holding 75,000oz at 1.66 g/t Au. These resources, combined with a broader underexplored 1,150km² land package, provide HTM with a significant opportunity to unlock further gold potential through exploration and drilling programs.

Following the acquisition, HTM will launch a 15,000-metre drilling program to expand known gold resources and test high-priority targets. The campaign will include Aircore, Reverse Circulation (RC), and Diamond drilling, focusing on extending known mineralisation and identifying new discoveries.

The key targets for this drilling phase include areas with strong historical intercepts, such as Mt Fisher, Wagtail, Southern, and Damsel. Previous drilling results in these zones have confirmed high-grade gold mineralisation, including intersections such as 9m @ 34.34 g/t Au from 67m (Mt Fisher), 5m @ 41.13 g/t Au from 45m (Wagtail), and 18m @ 6.99 g/t Au from 69m (Damsel).

HTM’s exploration team will also focus on extending known oxide gold deposits that may be suitable for open-pit mining operations. The drilling program is expected to generate significant news flow throughout 2025, providing investors with ongoing updates on exploration progress and resource expansion potential.

Assessing Mining Restart Potential

HTM is evaluating the possibility of restarting mining operations at the Mt Fisher Gold Mine, which remains on an existing mining lease and has a defined resource of 34,700oz at 2.32 g/t Au. The Wagtail deposit, also located on an active mining lease, is another high-grade target that could be considered for future production.

The company has engaged mining consultants to assess the economic feasibility of near-term production, with a focus on potential open-pit operations at select high-grade deposits. This strategy could provide HTM with an early production pathway while exploration continues to expand its overall resource base.

Gold Market and Industry Outlook

HTM’s acquisition comes at a time of strong global gold demand, with prices supported by inflation concerns, central bank buying, and geopolitical uncertainty. Western Australia remains one of the world’s premier gold mining jurisdictions, benefiting from a well-established mining framework and significant infrastructure advantages.

With gold prices holding steady at high levels, HTM’s expansion into this region positions the company to capitalise on both exploration success and market fundamentals. The increasing focus on high-grade, near-surface gold deposits also aligns with industry trends favouring cost-efficient, scalable mining projects.

High-Tech Metals’ acquisition of the Mt Fisher and Mt Eureka Gold Projects represents a significant milestone in its growth strategy. By securing a substantial gold resource base and launching an aggressive drilling program, the company is well-positioned to advance towards potential production while unlocking further value through exploration. With strong market fundamentals, a well-defined exploration strategy, and a commitment to resource expansion, HTM is emerging as a key player in the Western Australian gold sector. Investors can expect a steady flow of updates as drilling progresses and feasibility studies on potential mining operations take shape.