Bullock Discovery Targeted, Wagtail Financial Study Commence
| Stock | SSH Group Ltd (SSH.ASX) |
|---|---|
| Release Time | 13 Jan 2026, 9:29 a.m. |
| Price Sensitive | Yes |
High-Tech Metals Targets Wagtail-Style Discovery at Bullock
- Targeting high-grade gold discovery at untested Bullock prospect adjacent to Wagtail deposit
- Commenced desktop-level financial and development studies to accelerate Wagtail toward production
- Planning drilling at Damsel deposit to rapidly advance toward Mining Lease status
High-Tech Metals is aggressively targeting a Wagtail-scale gold discovery at the Bullock prospect, an untested, high-grade quartz-vein system located immediately north of the Wagtail deposit. Bullock displays identical geological characteristics to Wagtail, including iron-rich quartz veining, sulphide pseudomorphs and high-grade gold at surface, with surface rock chip assays up to 14.2 g/t Au. The company's review of historical reports highlighted a 2004 rock-chip sampling program on the Wagtail licence which reported consistently high grades, averaging >12 g/t Au across 40 samples, with individual assays up to 73.8 g/t Au. Bullock sits along the same structural corridor that hosts the high-grade Wagtail reef, positioning it as a standout near-mine discovery opportunity. In parallel, SSH Mining has commenced desktop-level financial and development studies to accelerate its transition toward gold production. At Wagtail, infill RC drilling is underway to tighten geological confidence, refine grade continuity and support mine design. Upon completion of drilling, the company will immediately advance into a Scoping Study to underpin development and production decision-making. High-Tech is also planning to drill the Damsel deposit, with the clear objective of rapidly advancing the project toward Mining Lease status and positioning it as a second near-term development opportunity.
High-Tech Metals is executing a discovery-led growth strategy focused on unlocking immediate near-mine discovery upside at Bullock, advancing Wagtail toward near-term production, and building a multi-deposit production pipeline through rapid progression of Damsel into a mining lease. This strategy positions the company to deliver strong leverage to exploration success while maintaining a clear and disciplined pathway to production.