• Visible gold intersected in multiple zones during drilling, associated with sulphide-bearing quartz veins
• Infill and grade-control RC drilling at Wagtail designed to refine and potentially grow the existing JORC (2012) Mineral Resource
• Strong historical grades reaffirm high-grade potential, including 5m @ 41.13 g/t Au and 3m @ 55.14 g/t Au

High-Tech Metals Ltd (ASX: HTM) is pleased to provide an update on drilling activities at its high-grade Wagtail gold deposit, where reverse circulation ('RC') drilling completed to date has intersected quartz-sulphide veining with visible gold observed in multiple holes. The drilling program is being managed and funded by SSH Mining Australia Pty Ltd ('SSH'), a subsidiary of SSH Group Ltd (ASX: SSH), under a Mining Agreement announced in September 2025. To date, 31 holes for 1,271 metres have been completed, with the program temporarily paused for the Christmas period and scheduled to recommence in early January to complete the planned program. The drilling is designed to increase geological confidence within the existing Mineral Resource, locally test extensions to known mineralisation and collect samples for metallurgical testwork to support ongoing development studies. All holes drilled to date have intersected variably weathered to fresh mafic host rocks, with quartz-sulphide veining encountered at the expected mineralised positions. Visible gold was observed in four holes, consistent with the known coarse-grained nature of gold mineralisation at Wagtail. The Company cautions that visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analysis, and that laboratory assay results are required to determine the actual grade of the visible mineralisation. The Company will update the market when laboratory analytical results become available, expected in mid-January 2026.

Exploration and development work at Wagtail and Mt Fisher continue to focus on advancing the deposits toward potential near-term development. Key upcoming activities include completion of Wagtail infill and grade control drilling, ongoing metallurgical testwork, diamond drilling for bulk metallurgical samples, permitting and mine design studies, and engagement with nearby processing facilities regarding toll treatment and offtake options.