High-Tech Metals (ASX: HTM) Expands into Gold with Strategic Acquisition of Mt Fisher & Mt Eureka Projects

High-Tech Metals Ltd (ASX: HTM) has announced a transformational acquisition, securing 100% of the Mt Fisher Gold Project and 51% of the Mt Eureka Gold Project from Rox Resources Limited (ASX: RXL). This strategic move positions HTM as a rising gold exploration and development company, with a substantial 1,150km² landholding in one of Australia’s most prospective gold belts.

The projects come with a JORC-compliant gold resource of 187,000 ounces, including 88,000 ounces in the Measured & Indicated category, making this acquisition a major growth catalyst for HTM. Additionally, active mining leases and a history of high-grade intercepts provide a fast-track pathway to production.

Why This Acquisition is a Game-Changer

1. Established Gold Resource with Strong Upside Potential

The Mt Fisher and Mt Eureka projects already host a combined 3.52 million tonnes at 1.65 g/t Au for 187,000 ounces of gold, significantly increasing HTM’s resource base. Key deposits include:

• Mt Fisher Mine – 34,700oz at 2.32 g/t Au, with a history of 30,000oz production at 4.3 g/t Au.
• Wagtail Deposit – 14,600oz at 7.11 g/t Au, including a past production grade of 66 g/t Au.
• Damsel, Taipan & Southern Deposits – additional resources providing strong growth potential.

2. High-Grade Drill Results Indicate Expansion Potential

The projects have demonstrated exceptional high-grade gold intercepts, with key historic results including:

• Mt Fisher: 9m @ 34.34 g/t Au from 67m, including 4m @ 74.25 g/t Au.
• Wagtail: 5m @ 41.13 g/t Au from 45m, including 3m @ 67.94 g/t Au.
• Damsel: 18m @ 6.99 g/t Au from 69m, including 10m @ 10.27 g/t Au.
• Southern: 13m @ 6.81 g/t Au from 45m, including 9m @ 8.89 g/t Au.

Such results highlight the significant exploration upside, particularly at depth and along strike from existing deposits.

3. Fast-Track to Production

With active mining leases already in place, HTM plans to assess near-term production potential at Mt Fisher. The company will engage mining consultants for pit optimisations on shallow oxide gold zones, potentially leading to a restart of mining operations.

4. Aggressive Exploration Plan

HTM is set to launch a 15,000m drilling campaign immediately after the acquisition is finalized, targeting:

• Resource expansion at existing deposits.
• New high-priority drill targets identified by geological review.
• Follow-up on high-grade historic intercepts.

Strategic Implications for HTM Shareholders

HTM’s acquisition is more than just a land grab—it’s a strategic pivot into the gold sector, positioning the company for strong growth, investor interest, and potential future production revenues. The addition of a JORC-compliant resource, combined with exploration upside, active mining leases, and a clear path to production, makes this a high-impact acquisition.

Furthermore, Rox Resources will become a HTM shareholder, maintaining exposure to future upside while strengthening HTM’s investor base. A capital raising of $2.5 million will fund exploration, ensuring the company is well-capitalized to execute its aggressive drilling programs.

Final Thoughts: 

This acquisition solidifies High-Tech Metals’ position as an emerging gold player in Western Australia’s Northern Goldfields. With a significant gold resource, high-grade drill results, and an aggressive exploration plan, HTM is well-positioned to deliver substantial value growth in 2025 and beyond.