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High-Tech Metals Limited (ASX:HTM)

ALERT: Price-sensitive ASX Announcement for HTM
Current share price for HTM : $0.245 -0.005 (-2%)+
Announcement
Release
20 Jul 2026 9:10AM
Price at Release
$0.250
Full Release
download
Summary
High-Tech Metals Limited has completed the Phase 1 reverse circulation drilling program at its 100%-owned Mt Fisher Gold Project, confirming mineralization continuity beyond the existing 35,000-ounce resource. The 41-hole, 6,038-meter program refined the geological model and identified targets for Phase 2 drilling. Significant gold intersections include 12 meters at 2.30g/t Au and 13 meters at 1.54g/t Au, indicating continued mineralization beneath the historical pit. With pit optimization studies underway, the company plans to update the Mineral Resource Estimate by August 2026, using current economic data and gold price assumptions. Phase 2 drilling is set to begin, targeting deeper and northern extensions.
Key Points
  • High-Tech Metals Limited received final assays from the Phase 1 RC drilling program at Mt Fisher Gold Project.
  • The program consisted of 41 holes totaling 6,038 meters, confirming mineralization beyond the existing resource.
  • The drilling results supported the continuity of mineralization beneath and beyond the historical pit.
  • Significant gold intersections include 12m at 2.30g/t Au and 13m at 1.54g/t Au, among others.
  • Phase 2 drilling is scheduled to commence targeting down-plunge extensions and higher-grade shoots.
  • An updated Mineral Resource Estimate is expected in August 2026, incorporating new geological data and economic parameters.
  • Pit optimization studies are underway, considering the revised geological model.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.