Profit Share Mining Agreement - Wagtail Gold Deposit

Open PDF
Stock SSH Group Ltd (SSH.ASX)
Release Time 1 Sep 2025, 8:47 a.m.
Price Sensitive Yes
 SSH Executes Profit Share Mining Agreement for Wagtail Gold Deposit
Key Points
  • SSH to manage and execute all works to advance the Wagtail Deposit
  • SSH will fund all pre-feasibility activities and drilling
  • HTM retains sole discretion to proceed to mining after Scoping Study
Full Summary

SSH Group Ltd has executed a profit share mining agreement with High-Tech Metals Limited (HTM) for the Wagtail Gold Deposit, part of the Mt Fisher Gold Project in Western Australia. Under the agreement, SSH will manage and execute all works required to advance the Wagtail Deposit through pre-feasibility, mine development, and operations, including drilling, earthworks, site establishment, extraction, haulage, and logistics. SSH will fund all pre-feasibility activities and drilling required to advance the project to a Final Investment Decision (FID). HTM retains sole discretion to proceed to mining following completion of the Scoping Study. If HTM elects not to proceed and an independent arbitrator finds the project is feasible, HTM must reimburse SSH all documented costs plus 10%. If mining proceeds, SSH is granted a cost-plus 10% mining contract for mining services and a 25% share of net project profits, with HTM retaining 75%. The agreement includes provisions for security, responsibilities, insurance, change of control, termination, and a profitability clause.

Guidance

No high-importance, price-sensitive forward-looking financial metrics provided.

Outlook

No forward-looking outlook provided.