HTM Receives Mining Approval for Mt Fisher Stockpiles

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Stock SSH Group Ltd (SSH.ASX)
Release Time 15 Jul 2025, 9:31 a.m.
Price Sensitive Yes
 HTM Receives Mining Approval for Mt Fisher Stockpiles
Key Points
  • High-Tech Metals secures regulatory approvals for exploration and small-scale mining at Mt Fisher Project
  • Exploration Target of 144,000 to 195,000 tonnes grading 0.80g/t to 1.20g/t Au defined
  • Mining profit share joint venture signed with SSH Mining to drill, evaluate, process, and sell historic stockpiled gold ore
Full Summary

High-Tech Metals Limited (ASX: HTM) has announced that it has secured regulatory approvals for both a Program of Work (POW) application and a Small Mining Operation (SMO) proposal at the Mt Fisher Project in Western Australia. These approvals cover exploration and small-scale mining activities on the granted mining lease M 53/127, where an Exploration Target of 144,000 to 195,000 tonnes grading between 0.80g/t and 1.20g/t Au has been defined. The company's Non-Executive Chairman, Charles Thomas, stated that the approvals mark a significant milestone for High-Tech Metals, demonstrating the company's commitment to responsibly advancing the Mt Fisher Project while pursuing near-term cashflow opportunities from the existing stockpile. High-Tech Metals has also signed a mining profit share joint venture with SSH Mining (a subsidiary of ASX-listed SSH Group Ltd) to drill, evaluate, process, and sell the historic stockpiled gold ore at the Mt Fisher Gold Project. SSH is currently in discussions with nearby processing plants for a potential toll processing arrangement. The next steps for the project include RC drilling of the stockpiles to confirm in-situ gold grades and support a maiden Mineral Resource Estimate, a metallurgical test program, and negotiations to finalise a toll treatment agreement with a third-party processing facility. A decision on project commencement is expected to follow the completion of these activities in Q3 2025.

Outlook

The company is focused on progressing the Mt Fisher Project, with plans to commence RC drilling of the stockpiles, conduct metallurgical test work, and finalize a toll treatment agreement with a third-party processing facility. A decision on project commencement is expected to follow the completion of these activities in Q3 2025.