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High-Tech Metals Limited (ASX:HTM)

ALERT: Price-sensitive ASX Announcement for HTM
Current share price for HTM : $0.250 -0.035 (-12.28%)+
Announcement
Release
31 Oct 2025 4:13PM
Price at Release
$0.285
Full Release
download
Summary
High-Tech Metals Limited has entered into a joint venture agreement with SSH Mining to exploit gold stockpiles at the Mt Fisher Gold Project. SSH Mining will cover pre-feasibility expenses for the Wagtail Gold Deposit, with HTM retaining the sales rights. The company's cash flow report for the quarter ending 30 September 2025 highlights a net cash decrease due to operating and investing activities, offset by financing inflows. The report also details ongoing exploration and resource estimates for Mt Fisher and Mt Eureka, along with progress on heritage agreements at Mt Eureka.
Key Points
  • High-Tech Metals Limited (HTM) has executed a binding Mining Profit Share Joint Venture Agreement with SSH Mining.
  • The agreement involves the commercialization of historic gold stockpiles at the Mt Fisher Gold Project.
  • SSH Mining will fund pre-feasibility works at the Wagtail Gold Deposit under a cost-plus 10% arrangement.
  • HTM retains ownership of all ore and sales, with SSH Mining receiving a percentage of project profits.
  • The Appendix 5B report shows cash flow details for the quarter ending 30 September 2025.
  • Net cash used in operating activities was $287,000, while investing activities used $359,000.
  • Financing activities provided net cash of $490,000, resulting in a net decrease in cash and cash equivalents.
  • The document outlines resource estimates for various projects, including Mt Fisher and Mt Eureka.
  • HTM is involved in heritage agreements and target generation activities at Mt Eureka.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.