Drilling - High Grade Gold Mineralisation at Seven Leaders

Open PDF
Stock Hastings Technology Metals Ltd (HAS.ASX)
Release Time 17 Nov 2025, 8:25 a.m.
Price Sensitive Yes
 High Grade Gold Mineralisation Confirmed at Seven Leaders
Key Points
  • Drilling returns high-grade gold results up to 35.55g/t Au
  • Strong near-surface mineralisation over 250m strike
  • Maiden JORC 2012 Resource Estimate expected in December 2025
Full Summary

Hastings Technology Metals Ltd has announced that recent reverse circulation (RC) drilling at the Seven Leaders prospect, part of the Whiteheads Project, has returned high-grade gold results and confirmed strong mineralisation over a strike length of more than 250 metres. The 32-hole, 1,222-metre drill program was completed in October 2025 to confirm historical grades and mineralisation extents and provide scope for a modern JORC 2012 Mineral Resource Estimate (MRE). Results from 21 of 32 holes have been received, with notable downhole intersections including 5m @ 15.17g/t Au from 27m, 35m @ 1.94g/t Au from surface, 17m @ 2.17g/t Au from 17m, and 26m @ 1.77g/t Au from 14m. These results indicate a larger and higher-grade deposit than initially thought, from surface. Entech has been contracted for MRE and scoping study work, with a maiden MRE expected to be announced in December 2025. The company is very excited by these new drilling results, which will underpin the upcoming resource estimation and support the progression of Seven Leaders towards production.

Outlook

The company is on track for a maiden JORC 2012 Mineral Resource Estimate in December 2025, after which it can finalise the mine design and approvals and then lock in the production schedule. This is a very exciting time for Hastings and Metal Bank (MBK) shareholders as the company progresses Seven Leaders towards production.