High Grade Gold Mineralisation from Seven Leaders Drilling

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Stock Hastings Technology Metals Ltd (HAS.ASX)
Release Time 17 Nov 2025, 9:03 a.m.
Price Sensitive Yes
 High Grade Gold Mineralisation from Seven Leaders Drilling
Key Points
  • Hastings confirms high grade near surface gold results at Seven Leaders prospect
  • Drilling results indicate strong support for gold grades and thicknesses greater than historical intervals
  • Maiden Resource Estimate expected in December 2025
Full Summary

Hastings Technology Metals Ltd has announced that its recently completed drilling has confirmed high grade near surface gold results at the Seven Leaders prospect within the Whiteheads Gold Project. Notable downhole intersections from 21 of 32 drill hole results received to date include 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. Hastings has advised that the drilling has proven strong near surface mineralisation over 250m of strike to underpin a Maiden Resource Estimate in December 2025. The Whiteheads Gold project is one of the assets that Metal Bank Limited (MBK) has agreed to acquire from Hastings, subject to Hastings' shareholder approval. MBK is working towards becoming a gold producer and moving from a junior exploration company to a mid-tier mining company. With the acquisition of the Whiteheads project and its other gold assets, MBK is well placed to progress the Seven Leaders prospect through mining approvals into production in 2026.

Guidance

Hastings has advised that the drilling results at the Seven Leaders prospect indicate a larger and higher grade deposit than previously thought, underpinning a maiden JORC Mineral Resource Estimate expected to be announced in December 2025.

Outlook

MBK is working towards becoming a gold producer and moving from a junior exploration company to a mid-tier mining company. With the acquisition of the Whiteheads project and its other gold assets, MBK is well placed to progress the Seven Leaders prospect through mining approvals into production in 2026.