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Metalstech Limited (ASX:MTC)

ALERT: Price-sensitive ASX Announcement for MTC
Current share price for MTC : $0.180 -0.085 (-32.08%)+
Announcement
Release
30 Oct 2025 4:17PM
Price at Release
$0.265
Full Release
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Summary
MetalsTech Limited released its quarterly report for the period ending 30 September 2025, highlighting the continued development of its flagship Sturec Gold Mine in Slovakia. The company completed a $2.0 million strategic placement, bringing total strategic funds raised to $3.3 million, aimed at strengthening the balance sheet and supporting the ongoing Pre-Feasibility Study (PFS). The PFS, on track for completion by the end of 2025, includes detailed metallurgical testing to refine processing capabilities. The company's cash and cash equivalents stood at $163,000 by the quarter's end, with a net cash outflow of $459,000 from operating activities and $847,000 used in financing activities, primarily for debt repayment, leaving the company largely debt-free.
Key Points
  • MetalsTech Limited reported on its quarterly exploration and operational activities for the period ending 30 September 2025.
  • The company raised $2.0 million through a second tranche strategic placement, bringing total funds raised to $3.3 million.
  • The flagship project, Sturec Gold Mine in Slovakia, remains a focus with significant 'mine ready' opportunities.
  • MetalsTech is advancing the Pre-Feasibility Study (PFS) at Sturec Gold Mine, targeting a completion by the end of 2025.
  • The PFS aims to enhance metallurgical processing capabilities, with a detailed sampling campaign underway.
  • The company reported cash outflows from operating activities of $459,000 for the quarter.
  • Cash and cash equivalents at the end of the quarter were $163,000.
  • Financing activities showed net cash used of $847,000, with a notable repayment of borrowings.
  • MetalsTech is largely debt-free after full repayment of redeemable notes during the quarter.
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.