HIGH-TECH METALS IDENTIFIES HIGH-PRIORITY GOLD TARGETS AT MT FISHER

15,000 Metre Drill Program Planned to Expand Resource

High-Tech Metals Limited (ASX: HTM) has completed a review of significant exploration potential at the Mt Fisher Gold Project, focusing on the Dam and Dirks mineralised trends. The company is advancing approvals and expanding its exploration footprint to test high-priority gold targets.

The project hosts an existing JORC Mineral Resource Estimate of 3.52 Mt @ 1.65 g/t Au for 187,000oz of gold, with 88,000oz in the Measured & Indicated category (ASX: HTM, 26 February 2025).

Key exploration targets have been identified at the Damsel, Dam, Dam North, Dam East, and Shiva prospects, with Reverse Circulation (RC) drilling planned to test historical intercepts, including:

18m @ 6.98 g/t Au from 69m, including 10m @ 10.27 g/t Au (Damsel)
11m @ 2.70 g/t Au from 40m, including 4m @ 6.0 g/t Au (Damsel)
9m @ 1.02 g/t Au from 120m and 16m @ 2.88 g/t Au from 164m (Dam)
7m @ 2.20 g/t Au from 60m, including 1m @ 10.50 g/t Au (Dam North)
17m @ 1.30g/t Au from 44m (Shiva)

The Dam-Damsel trend extends over 10km and exhibits strong multi-element anomalism, including Sb, As, Bi, Cu, and Zn. Exploration at Damsel suggests potential supergene gold enrichment, with several untested down-dip and along-strike extensions forming the focus of upcoming drilling.

High-Tech has also entered into a binding term sheet to acquire 100% of Rox Resources Limited’s (ASX: RXL) interest in the Mt Fisher Gold Project and 51% of the Mt Eureka Gold Project. Completion remains subject to shareholder approvals, expected to be sought at an April 2025 general meeting.

High-Tech’s CEO, Warren Thorne, commented:

With the recent acquisition of the Mt Fisher and Mt Eureka Projects announced, the exploration team has moved rapidly to review existing geophysical, structural and geochemical data. Several exploration targets standout, that will extend the known mineralisation as well as test new greenfield targets. HTM is confident the Dam and Dirks mineralised corridors will deliver significant resource growth, as the Company looks to become a significant competitor in the northern goldfields.

Once all approvals are granted, High-Tech will begin a significant drilling program, which will provide consistent and exciting news flow for shareholders in 2025.