AI assistant
HIGH-TECH METALS LTD Interim / Quarterly Report 2026
65076_rns_2026-04-29_2a57f60e-b20e-4b52-9ab6-0860da216e73.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
HIGH-TECH METALS
LIMITED
30 April 2026
QUARTERLY ACTIVITIES REPORT AND APPENDIX 5B
FOR THE PERIOD ENDING 31 MARCH 2026
HIGHLIGHTS
- Wagtail advanced toward near-term production, with infill drilling delivering multiple high-grade intersections confirming strong grade continuity within the resource including$^{1,2}$:
- 5m @ 44.41 g/t Au (incl. 1m @ 220.8 g/t Au)
- 6m @ 28.96 g/t Au (incl. 1m @ 171.35 g/t Au)
- Consistent bonanza-grade results validate a high-grade, coarse gold system, supporting resource confidence and development studies:$^{3}$
- 12m @ 8.81 g/t Au (incl. 1m @ 84.11 g/t Au)
- 9m @ 7.04 g/t Au (incl. 1m @ 92.15 g/t Au)
- The 65 hole, 3,323m drill program at Wagtail has improved geological confidence and provided key inputs to ongoing resource updates, mine design and metallurgical studies supporting assessment of a near-term development opportunity.
- Clear development pathway established with:
- Mining funded by SSH under existing agreement.
- Processing pathway advanced via MoU with Wiluna Mining.
- $10.7M received from option exercises, materially strengthening balance sheet and funding advancement of existing resources at Wagtail, Mt Fisher and Dam-Damsel toward production readiness and broader exploration and pipeline growth.
- A non-binding Memorandum of Understanding with Wiluna Mining was executed to assess toll-treatment options, supporting capital-efficient development pathways.
- Work at Mt Fisher progressed from geological review into execution, with a ~5,000m RC drilling program commenced to target extensions to the current resource and test a significantly under-drilled system.
High-Tech Metals Limited (ASX: HTM) (“High-Tech”, “HTM” or “the Company”), is pleased to provide its Quarterly Activities Report for the period ended 31 March 2026 (“Quarter”).
During the Quarter, the Company progressed a clear strategy to advance near-term gold production opportunities at Mt Fisher and Wagtail while continuing to build a pipeline of high-quality exploration targets across the broader Mt Fisher–Mt Eureka Project area in Western Australia’s Northern Goldfields.
Key activities during the Quarter focused on drilling, metallurgical testwork, mining and development studies.
+61 08 9388 0051
www.hightechmetals.com.au
22 Townshend Road
Subiaco WA 6008 Australia
HIGH-TECH METALS LIMITED
High-Tech's CEO, James Merrillees, commented:
"The March quarter represents a clear inflection point for High-Tech Metals as we transition from exploration into development.
"At Wagtail, drilling has delivered consistent, high-grade results that validate both the quality and continuity of the deposit. With drilling now complete, we are advancing an updated Mineral Resource alongside mine design, metallurgical testwork and permitting, all of which are progressing in parallel under our partnership with SSH Mining.
"The significance of Wagtail lies in its ability to underpin a near-term production opportunity. It sits on a granted Mining Lease, is fully funded through the mining agreement, and now benefits from a defined processing pathway via our MoU with Wiluna Mining. Together, these elements materially reduce the capital and execution risk typically associated with project development.
"In parallel, we have strengthened the Company's funding position through the $10.7 million option exercise, providing the balance sheet to support both development and exploration. This allows us to advance Mt Fisher and Dam-Damsel as a second production asset while continuing to build a broader pipeline of opportunities.
"At Mt Fisher, we have now moved into execution mode, with drilling underway targeting resource expansion beyond the current footprint. Our geological review has highlighted a significant disconnect between known mineralisation and the current resource, providing a clear pathway to scale.
"The strategy is straightforward: establish production at Wagtail, expand the resource base at Mt Fisher, and build a multi-deposit production profile across the broader project area.
"We believe this approach positions the Company for a meaningful re-rating as we continue to deliver on key development milestones."
MT FISHER AND MT EUREKA GOLD PROJECTS
High-Tech Metals' Mt Fisher (100% HTM) and Mt Eureka (75% HTM) Gold Projects collectively host a JORC (2012) Mineral Resource Estimate of 3.52Mt @ 1.65g/t Au for 187,000 ounces of gold, including 88,000 ounces classified as Measured and Indicated⁴.
The Projects cover approximately 1,150 km² of highly prospective tenure over the under-explored Mt Fisher greenstone belt in Western Australia's Northern Goldfields.
The Projects lie approximately 500km northeast of Kalgoorlie and 120km east of Wiluna, situated 40km east of the prolific Yandal Belt, which hosts several major gold deposits including Northern Star's Jundee, Bronzewing and Milrose operations (refer Figure 1).
Gold mineralisation at the Projects occurs at several sites, most notably at the Dam-Damsel Gold Trend and the Mt Fisher and Wagtail Mines within Mt Fisher and at the Taipan and Southern-Galway Prospects at the Mt Eureka JV (refer Figure 2).
During the Quarter, work across the project area focused on advancing Wagtail toward development while progressing drilling programs at Mt Fisher and target generation activities aimed at increasing the scale of the broader resource base.
⁴ Refer ASX Announcement 26/02/2025
+61 08 9388 0051
www.hightechmetals.com.au
22 Townshend Road
Subiaco WA 6008 Australia
HIGH-TECH METALS
LIMITED
Figure 1: High-Tech Metals' Mt Fisher and Mt Eureka Gold Project location, Northern Goldfields, Western Australia.
22 Townshend Road
Subiaco WA 6008 Australia
HIGH-TECH METALS LIMITED
Figure 2: High-Tech Metals' Mt Fisher and Mt Eureka Gold Projects, Resources and Prospects.
22 Townshend Road
Subiaco WA 6008 Australia
MT FISHER GOLD PROJECT (100% HTM)
Gold mineralisation in the Mt Fisher Project occurs throughout HTM's tenure, most notably at the Dam-Damsel Gold Trend and the Mt Fisher and Wagtail deposits which collectively host ~124oz gold in JORC (2012) resources (refer Figures 2 & 3 & Table 1)⁵.
The only recorded production within the Mt Fisher Project was at the Mt Fisher Mine which produced 30,000oz of gold from 218,000t @ 4.43g/t Au between 1987 and 1989 and the neighbouring Wagtail mine which produced a reported 2,384oz of gold at an average grade of 66 g/t Au between 1949 and 1952.
Figure 3: Dam-Damsel Gold Trend, Mt Fisher and Wagtail Mines on interpreted geology background.
⁵ Refer ASX Announcement 26/02/2025
Transition to Resource Growth
During the Quarter, the Company advanced Mt Fisher from geological review into active drilling, targeting extensions to the existing JORC (2012) Mineral Resource of 464kt @ 2.32g/t Au for 35koz⁶.
The recent review highlighted that the current resource is defined over approximately 600m of strike, while the basalt-sediment contact that hosts mineralisation extends for more than 7km to the north and remains open to the south. This represents a mineralised system significantly larger than the current resource footprint (refer Figure 4).
Figure 4: Mt Fisher target horizon extends more than 7km, with drilling focused on resource extension and infill around the historic Mt Fisher pit within Mining Lease M53/127.
6 Refer ASX Announcement 26/02/2025
Key outcomes of the review include:
- The mineralised contact extends >7km north of the historical pit, with most of this corridor largely untested.
- 600m × 400m zone to the south remains open and under-drilled.
- Limited deep drilling constrains the current understanding of the system at depth.
Historical production from the Mt Fisher open pit (~30koz at ~4.4g/t Au) further supports the high-grade nature of the system.
In response, the Company has commenced a ~5,000m reverse circulation ("RC") drilling program targeting high-grade shoot extensions and areas of limited historical drilling coverage.
The program is designed to:
- Extend mineralisation north, south and down dip of the current resource.
- Test high-grade shoots identified through recent review work.
- Assess down-plunge continuity beyond current model limits.
- Infill areas of limited drilling density to improve resource confidence.
This Stage 1 program represents the first phase of a broader, systematic growth strategy at Mt Fisher, with potential follow-up programs to test the full extent of the 7km contact corridor as results are received.
Figure 5: Mt Fisher long section with mineralised intersections & current resource outline.
The broader project area also includes the Dam-Damsel Gold Trend ("DDGT"), located approximately 8km west of Mt Fisher. The DDGT is defined by strong gold and multi-element anomalous over a 10km trend and includes a 75koz JORC (2012) Mineral Resource at Damsel (refer Figure 3 and Table 1) $^7$ .
Metallurgical Testwork
During the previous Quarter, the Company reported encouraging metallurgical testwork results from historic stockpile material at Mt Fisher (refer Figure 6). Testwork confirmed that mineralisation is free-milling and non-refractory, with combined gravity and cyanide recoveries of up to $\sim 93\%$ achieved from low-grade material.
This material may represent a potential supplementary ore source in development scenarios at Wagtail, as well as for future development of the Mt Fisher pit, which is the current focus of the RC drilling program.
Figure 6: Mt Fisher Mine looking north-west showing historical pit, waste dumps and tailings storage facility.
7 Refer ASX Announcement 26/02/2025
HIGH-TECH METALS
LIMITED
WAGTAIL GOLD DEPOSIT (MT FISHER PROJECT)
The Wagtail prospect located on a granted Mining Lease is a high-grade, quartz-vein hosted gold reef system approximately 1km SE of Mt Fisher.
Historic production from the deposit between 1949 and 1952 was a reported 2,384 ounces at an average grade of 66 g/t Au and currently hosts a JORC (2012) Mineral Resource of 14,600 ounces at 7.11 g/t Au⁸ (refer Table 1).
Advancing Toward Near-Term Production
During the Quarter, the Company completed a reverse circulation infill and grade-control drilling program at Wagtail comprising 65 holes for 3,323 metres.
The program was designed to increase geological confidence within the existing resource, test local extensions to mineralisation and provide representative samples for metallurgical testwork.
Drilling results received during the Quarter confirmed the presence of consistent high-grade mineralisation within the known quartz-vein system, including several standout intersections such as⁹,¹⁰,¹¹:
- 5m @ 44.41 g/t Au (incl. 1m @ 220.8 g/t Au)
- 6m @ 28.96 g/t Au (incl. 1m @ 171.35 g/t Au)
- 12m @ 8.81 g/t Au (incl. 1m @ 84.11 g/t Au)
These results reinforce the high-grade, coarse gold nature of the Wagtail system and support confidence in the continuity of mineralisation within the existing resource.
Drilling also intersected mineralisation at the end of several holes and in step-out positions to the north of the current resource, indicating potential for extensions beyond the existing model.
In parallel with drilling, scoping-level mining and development studies progressed during the Quarter, including mine design, metallurgical testwork and permitting activities. These workstreams are being undertaken in collaboration with SSH Mining under the existing Mining Agreement, under which SSH is funding drilling and pre-development work.
Processing Pathway
During the Quarter, the Company executed a non-binding Memorandum of Understanding with Wiluna Mining to assess potential toll-treatment options for ore from the Mt Fisher Project.
The MoU provides a framework to progress technical and commercial discussions regarding the potential use of the Wiluna processing facility, supporting the Company's strategy to pursue capital-efficient development pathways.
⁸ Refer ASX Announcement 26/02/2025
⁹ Refer ASX Announcement 12/01/2026
¹⁰ Refer ASX Announcement 18/02/2026
¹¹ Refer ASX Announcement 13/03/2026
+61 08 9388 0051
[email protected]
www.hightechmetals.com.au
22 Townshend Road
Subiaco WA 6008 Australia
MT EUREKA GOLD JV PROJECT (HTM 75%)
The Mt Eureka Project forms the northern portion of the broader Mt Fisher–Mt Eureka greenstone belt and hosts multiple advanced prospects including Mt Eureka, Southern-Galway and Taipan (refer Figure 7).
Mt Eureka remains an important component of the Company's broader growth strategy, providing a pipeline of exploration opportunities to support longer-term resource growth and activities during the quarter focused on:
- Target generation and technical review
- Prioritisation of drill-ready targets
- Integration into broader production pipeline strategy
Figure 7: Mt Eureka, Southern-Galway, Taipan prospects with significant drilling on interpreted geology
POST-QUARTER EVENTS
After the end of the Quarter, the Company continued to advance drilling activities at Mt Fisher, with a ~5,000m RC program underway targeting extensions to the existing resource and testing high-grade shoots identified through recent geological review.
JUNE QUARTER OUTLOOK
High-Tech enters the June 2026 quarter well positioned, with drilling ongoing at Mt Fisher, development studies advancing at Wagtail and a strengthened balance sheet following the recent option exercise.
Key activities during the June quarter are expected to include:
- Updated Mineral Resource estimate for Wagtail
- Ongoing metallurgical testwork and mine design studies
- Progression of development studies in collaboration with SSH Mining
- Initial drilling results from the Mt Fisher RC program
- Continued assessment of toll-treatment options under the Wiluna Mining MoU.
The Company remains focused on progressing Wagtail toward a potential near-term production opportunity while continuing to build scale across the Mt Fisher-Mt Eureka project area through disciplined exploration and resource growth.
CORPORATE
Capital Raising / Option Exercise
During the Quarter, the Company materially strengthened its balance sheet through the receipt of approximately $10.7 million from the exercise of 42,906,484 listed options.
The funds received provide High-Tech with additional flexibility to accelerate activities across the Mt Fisher-Mt Eureka portfolio, including progression of Wagtail and Mt Fisher toward production readiness, resource growth drilling at Mt Fisher, broader brownfields exploration including advancing Dam-Damsel and Mt Eureka, and general working capital.
The Company also completed a placement of 3,000,000 fully paid ordinary shares at $0.25 per share, raising $750,000 before costs. The placement was undertaken to eligible option holders who were unable to exercise their options prior to expiry and further strengthened the Company's working capital position.
Joint Venture and Mining Agreements
The Company continued to work closely with SSH Mining Australia Pty Ltd under the existing Mining Agreement covering Wagtail.
Under the agreement, SSH is funding drilling and pre-development work required to advance Wagtail toward a potential development decision. During the Quarter, this included completion of the Wagtail RC drilling program, progression of metallurgical testwork, mine design, permitting and scoping-level financial studies.
These arrangements remain consistent with High-Tech's strategy of pursuing capital-efficient development pathways while retaining exposure to project upside.
HTM ASX Additional Information
ASX Listing Rule 5.3.1 – Mining exploration activities and investment activity expenditure during the Quarter was $212k. Full details of the activity during the quarter are set out in this report.
ASX Listing Rule 5.3.2 – Mining production and development activity expenditure for the Quarter was Nil and there were no substantive mining exploration activities for the Quarter.
ASX Listing Rule 5.3.3 – Tenement Schedule – Refer to Appendix 1 for details of the Company’s tenements as of 31 March 2026.
ASX Listing Rule 5.4.5 – Payments to related parties of the Company during the Quarter, as outlined in the Appendix 5B, totalled $250k, comprising administration services ($6k), capital raising fee ($166k), company secretary fees ($33k), director fees ($25k) and rent ($20k).
AUTHORISED FOR RELEASE ON THE ASX BY THE COMPANY'S BOARD OF DIRECTORS
For further information:
James Merrillees
CEO
[email protected]
+61 08 9388 0051
Quinton Meyers
Non-executive Director
[email protected]
+61 08 9388 0051
About High-Tech Metals Ltd
High-Tech Metals Ltd (High-Tech, ASX:HTM) is an Australian gold exploration and development company positioned for strong growth through the advancement of a significant gold project portfolio in Western Australia.
The recent acquisition of the Mt Fisher and Mt Eureka Gold Projects represents a transformational step in HTM's evolution. Together, these projects deliver a commanding 1,150 km² landholding in the heart of the prolific Yilgarn Craton, one of the world's premier gold provinces.
The Mt Fisher and Mt Eureka projects are in a proven and mining-friendly jurisdiction, with secure tenure and no known impediments to land access, providing a strong foundation for future development.
Our Goal
HTM's strategy is to rapidly advance near-term production opportunities on existing mining leases to establish early cash flow, creating a self-funded pathway for high-impact exploration targeting world-class gold discoveries across one of Western Australia's last under-explored greenstone belts.
Our Team
HTM is supported by an experienced and respected technical and corporate team with a proven record of discovery and development success.
Competent Person's Statement
Exploration Results
The information in this report that relates to Exploration Results is based upon and fairly represents information compiled by Mr James Merrillees, a Competent Person who is a Member of the AusIMM. Mr Merrillees is a full-time employee of the Company. Mr Merrillees has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Merrillees consents to the inclusion in the report of the matter based on his information in the form and context in which it appears.
Resource Statement
The information in this release that relates to the Mt Fisher – Mt Eureka Gold Resource is based on information compiled by Mr Lynn Widenbar, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Widenbar is a full-time employee of Widenbar and Associates Pty Ltd. Mr Widenbar has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves'. Mr Widenbar consents to the inclusion in the release of the matters based on his information in the form and context that the information appears.
+61 08 9388 0051
[email protected]
www.hightechmetals.com.au
22 Townshend Road
Subiaco WA 6008 Australia
ASX LR Statement
High-Tech Metals Ltd confirms that the information in this announcement relating to previously reported Exploration Results and Mineral Resources is extracted from the Company's prior ASX announcements, as referenced herein and listed below:
- ASX Announcement 26/02/2025;
- ASX Announcement 12/01/2026;
- ASX Announcement 18/02/2026; and
- ASX Announcement 13/03/2026.
The Company confirms that it is not aware of any new information or data that materially affects the information included in those original market announcements, and that all material assumptions and technical parameters underpinning the Exploration Results and Mineral Resource Estimates in those announcements continue to apply and have not materially changed.
Forward - Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning High-Tech Metals Limited planned exploration program(s) and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may", "potential," "should," and similar expressions are forward looking statements.
Table 1: Mt Fisher and Mt Eureka Mineral Resource Estimate
| Project | Classification | Au Cutoff g/t | Volume m3 | Tonnes (t) | Density (t/m3) | Au (g/t) | Au (oz) |
|---|---|---|---|---|---|---|---|
| Mt Fisher | |||||||
| Mt Fisher | Measured | 0.5 | 15,900 | 41,300 | 2.60 | 1.94 | 26 |
| Indicated | 0.5 | 50,600 | 129,100 | 2.55 | 1.97 | 8 | |
| Inferred | 0.5 | 108,900 | 294,100 | 2.70 | 2.53 | 24 | |
| Total | 0.5 | 175,400 | 464,400 | 2.65 | 2.32 | 35 | |
| Damsel | Indicated | 0.5 | 354,300 | 726,200 | 2.05 | 1.87 | 44 |
| Inferred | 0.5 | 284,500 | 678,000 | 2.38 | 1.43 | 31 | |
| Total | 0.5 | 638,900 | 1,404,200 | 2.20 | 1.66 | 75 | |
| Wagtail | Measured | 0.5 | 5,000 | 11,300 | 2.28 | 10.53 | 4 |
| Indicated | 0.5 | 14,200 | 36,200 | 2.54 | 7.75 | 9 | |
| Inferred | 0.5 | 6,200 | 16,200 | 2.62 | 3.31 | 2 | |
| Total | 0.5 | 25,400 | 63,700 | 2.51 | 7.11 | 15 | |
| Total | 0.5 | 839,700 | 1,932,300 | 2.30 | 2.00 | 124 |
| Mt Eureka | |||||||
|---|---|---|---|---|---|---|---|
| Taipan | Inferred | 0.5 | 324,800 | 640,800 | 1.97 | 1.21 | 25 |
| Total | 0.5 | 324,800 | 640,800 | 1.97 | 1.21 | 25 | |
| Southern | Indicated | 0.5 | 211,200 | 488,400 | 2.31 | 1.32 | 21 |
| Inferred | 0.5 | 172,400 | 457,600 | 2.66 | 1.18 | 17 | |
| Total | 0.5 | 383,500 | 946,100 | 2.47 | 1.25 | 38 | |
| Total | 0.5 | 708,300 | 1,586,900 | 2.30 | 1.23 | 63 | |
| Total Resource | 0.5 | 1,548,000 | 3,519,200 | 2.27 | 1.65 | 187 |
The Company confirms that it is not aware of any new information or data that materially affects the information included in this announcement and all material assumptions and technical parameters underpinning the Mineral Resource Estimate included in this announcement continue to apply and have not materially changed)¹².
¹² Refer ASX Announcement 26/02/2025
APPENDIX 1 – TENEMENT REGISTER
Part 1 – Canadian Mining Patents
The process of transferring the Mining Patents, Mining Leases and Mining Licenses of Occupation from Global Energy Metals Corporation to High-Tech Metals Limited is currently underway. However, please be advised that the transfer is subject to the formal process of transfer by the Ministry of Natural Resources and Forestry and reflects the ongoing work involved in the jurisdiction.
| Claim No. | PIN | Rights | Registered Owner* |
|---|---|---|---|
| KRL 9381 | 42180-1491 | Surface and mining rights | Global Energy Metals Corporation |
| KRL 9382 | 42180-1492 | Surface and mining rights | Global Energy Metals Corporation |
| KRL 9383 | 42180-1493 | Surface and mining rights | Global Energy Metals Corporation |
| KRL 9385 | 42180-1476 | Surface and mining rights | Global Energy Metals Corporation |
| KRL 9386 | 42180-1477 | Surface and mining rights | Global Energy Metals Corporation |
| KRL 9387 | 42180-1494 | Surface and mining rights | Global Energy Metals Corporation |
| KRL 19096 | 42180-1823 | Mining rights only | Global Energy Metals Corporation |
| KRL 19097 | 42180-1823 | Mining rights only | Global Energy Metals Corporation |
| KRL 19107 | 42180-1828 | Mining rights only | Global Energy Metals Corporation |
| KRL 19108 | 42180-1828 | Mining rights only | Global Energy Metals Corporation |
| KRL 19109 | 42180-1829 | Mining rights only | Global Energy Metals Corporation |
| KRL 19110 | 42180-1829 | Mining rights only | Global Energy Metals Corporation |
| KRL 19111 | 42180-1811 | Mining rights only | Global Energy Metals Corporation |
| KRL 19112 | 42180-1810 | Mining rights only | Global Energy Metals Corporation |
| KRL 29054 | 42180-1495 | Mining rights only | Global Energy Metals Corporation |
| KRL 29055 | 42180-1495 | Mining rights only | Global Energy Metals Corporation |
| KRL 29058 | 42180-1960 | Mining rights only | Global Energy Metals Corporation |
| KRL 29059 | 42180-1845 | Mining rights only | Global Energy Metals Corporation |
| KRL 29060 | 42180-1845 | Mining rights only | Global Energy Metals Corporation |
| KRL 29061 | 42180-1837 | Mining rights only | Global Energy Metals Corporation |
| KRL 29062 | 42180-1836 | Mining rights only | Global Energy Metals Corporation |
| KRL 29063 | 42180-1844 | Mining rights only | Global Energy Metals Corporation |
| KRL 29064 | 42180-1844 | Mining rights only | Global Energy Metals Corporation |
| KRL 29065 | 42180-1835 | Mining rights only | Global Energy Metals Corporation |
| Claim No. | PIN | Rights | Registered Owner* |
|---|---|---|---|
| KRL 29066 | 42180-1834 | Mining rights only | Global Energy Metals Corporation |
| KRL 29067 | 42180-1844 | Mining rights only | Global Energy Metals Corporation |
| KRL 29068 | 42180-1843 | Mining rights only | Global Energy Metals Corporation |
| KRL 29069 | 42180-1842 | Mining rights only | Global Energy Metals Corporation |
| KRL 29070 | 42180-1841 | Mining rights only | Global Energy Metals Corporation |
| KRL 29071 | 42180-1840 | Mining rights only | Global Energy Metals Corporation |
| KRL 29072 | 42180-1839 | Mining rights only | Global Energy Metals Corporation |
| KRL 29073 | 42180-1839 | Mining rights only | Global Energy Metals Corporation |
| KRL 29074 | 42180-1839 | Mining rights only | Global Energy Metals Corporation |
| KRL 29075 | 42180-1838 | Mining rights only | Global Energy Metals Corporation |
| KRL 29076 | 42180-1838 | Mining rights only | Global Energy Metals Corporation |
| KRL 30055 | 42180-1824 | Mining rights only | Global Energy Metals Corporation |
| KRL 30056 | 42180-1825 | Mining rights only | Global Energy Metals Corporation |
| KRL 30057 | 42180-1826 | Mining rights only | Global Energy Metals Corporation |
| KRL 30058 | 42180-1827 | Mining rights only | Global Energy Metals Corporation |
| KRL 31823 | 42180-1801 | Mining rights only | Global Energy Metals Corporation |
| KRL 31825 | 42180-1498 | Mining rights only | Global Energy Metals Corporation |
| KRL 31826 | 42180-1497 | Mining rights only | Global Energy Metals Corporation |
| KRL 31827 | 42180-1496 | Mining rights only | Global Energy Metals Corporation |
| KRL 31828 | 42180-1818 | Mining rights only | Global Energy Metals Corporation |
| KRL 31829 | 42180-1819 | Mining rights only | Global Energy Metals Corporation |
| KRL 33170 | 42180-1469 | Mining rights only | Global Energy Metals Corporation |
| KRL 33171 | 42180-1468 | Mining rights only | Global Energy Metals Corporation |
| KRL 33172 | 42180-1467 | Mining rights only | Global Energy Metals Corporation |
| KRL 33173 | 42180-1466 | Mining rights only | Global Energy Metals Corporation |
| KRL 33174 | 42180-1465 | Mining rights only | Global Energy Metals Corporation |
| KRL 33175 | 42180-1464 | Mining rights only | Global Energy Metals Corporation |
| KRL 33176 | 42180-1463 | Mining rights only | Global Energy Metals Corporation |
| Claim No. | PIN | Rights | Registered Owner* |
|---|---|---|---|
| KRL 33177 | 42180-1462 | Mining rights only | Global Energy Metals Corporation |
| KRL 33178 | 42180-1461 | Mining rights only | Global Energy Metals Corporation |
| KRL 33179 | 42180-1456 | Mining rights only | Global Energy Metals Corporation |
| KRL 33180 | 42180-1455 | Mining rights only | Global Energy Metals Corporation |
| KRL 33181 | 42180-1475 | Mining rights only | Global Energy Metals Corporation |
| KRL 33182 | 42180-1474 | Mining rights only | Global Energy Metals Corporation |
| KRL 33183 | 42180-1473 | Mining rights only | Global Energy Metals Corporation |
| KRL 33184 | 42180-1452 | Mining rights only | Global Energy Metals Corporation |
| KRL 33185 | 42180-1453 | Mining rights only | Global Energy Metals Corporation |
| KRL 33186 | 42180-1454 | Mining rights only | Global Energy Metals Corporation |
| KRL 33187 | 42180-1809 | Mining rights only | Global Energy Metals Corporation |
| KRL 33188 | 42180-1490 | Mining rights only | Global Energy Metals Corporation |
| KRL 33189 | 42180-1489 | Mining rights only | Global Energy Metals Corporation |
| KRL 33190 | 42180-1808 | Mining rights only | Global Energy Metals Corporation |
| KRL 33191 | 42180-1807 | Mining rights only | Global Energy Metals Corporation |
| KRL 33192 | 42180-1488 | Mining rights only | Global Energy Metals Corporation |
| KRL 33193 | 42180-1487 | Mining rights only | Global Energy Metals Corporation |
| KRL 33194 | 42180-1806 | Mining rights only | Global Energy Metals Corporation |
| KRL 33195 | 42180-1486 | Mining rights only | Global Energy Metals Corporation |
| KRL 33196 | 42180-1460 | Mining rights only | Global Energy Metals Corporation |
| KRL 33198 | 42180-1481 | Mining rights only | Global Energy Metals Corporation |
| KRL 33199 | 42180-1459 | Mining rights only | Global Energy Metals Corporation |
| KRL 33200 | 42180-1480 | Mining rights only | Global Energy Metals Corporation |
| KRL 33201 | 42180-1479 | Mining rights only | Global Energy Metals Corporation |
| KRL 33202 | 42180-1458 | Mining rights only | Global Energy Metals Corporation |
| KRL 33203 | 42180-1457 | Mining rights only | Global Energy Metals Corporation |
| KRL 33204 | 42180-1478 | Mining rights only | Global Energy Metals Corporation |
| KRL 33205 | 42180-1805 | Mining rights only | Global Energy Metals Corporation |
| Claim No. | PIN | Rights | Registered Owner* |
|---|---|---|---|
| KRL 33206 | 42180-1804 | Mining rights only | Global Energy Metals Corporation |
| KRL 33207 | 42180-1485 | Mining rights only | Global Energy Metals Corporation |
| KRL 33208 | 42180-1803 | Mining rights only | Global Energy Metals Corporation |
| KRL 33209 | 42180-1484 | Mining rights only | Global Energy Metals Corporation |
| KRL 33210 | 42180-1802 | Mining rights only | Global Energy Metals Corporation |
| KRL 33211 | 42180-1483 | Mining rights only | Global Energy Metals Corporation |
| KRL 33212 | 42180-1482 | Mining rights only | Global Energy Metals Corporation |
| KRL 33270 | 42180-1472 | Mining rights only | Global Energy Metals Corporation |
| KRL 33271 | 42180-1471 | Mining rights only | Global Energy Metals Corporation |
| KRL 33280 | 42180-1451 | Mining rights only | Global Energy Metals Corporation |
| KRL 33281 | 42180-1450 | Mining rights only | Global Energy Metals Corporation |
| KRL 33282 | 42180-1449 | Mining rights only | Global Energy Metals Corporation |
| KRL 33283 | 42180-1448 | Mining rights only | Global Energy Metals Corporation |
| KRL 33284 | 42180-2217 | Mining rights only | Global Energy Metals Corporation |
| KRL 33328 | 42180-1852 | Mining rights only | Global Energy Metals Corporation |
| KRL 33329 | 42180-1851 | Mining rights only | Global Energy Metals Corporation |
| KRL 33330 | 42180-1850 | Mining rights only | Global Energy Metals Corporation |
| KRL 33331 | 42180-1849 | Mining rights only | Global Energy Metals Corporation |
| KRL 33332 | 42180-1848 | Mining rights only | Global Energy Metals Corporation |
| KRL 33333 | 42180-1847 | Mining rights only | Global Energy Metals Corporation |
| KRL 33342 | 42180-1435 | Mining rights only | Global Energy Metals Corporation |
| KRL 33343 | 42180-1434 | Mining rights only | Global Energy Metals Corporation |
| KRL 33344 | 42180-1433 | Mining rights only | Global Energy Metals Corporation |
| KRL 33345 | 42180-1432 | Mining rights only | Global Energy Metals Corporation |
| KRL 33381 | 42180-1436 | Mining rights only | Global Energy Metals Corporation |
| KRL 33382 | 42180-1437 | Mining rights only | Global Energy Metals Corporation |
| KRL 33416 | 42180-1817 | Mining rights only | Global Energy Metals Corporation |
| KRL 33419 | 42180-1816 | Mining rights only | Global Energy Metals Corporation |
| Claim No. | PIN | Rights | Registered Owner* |
|---|---|---|---|
| KRL 33420 | 42180-1815 | Mining rights only | Global Energy Metals Corporation |
| KRL 33421 | 42180-1814 | Mining rights only | Global Energy Metals Corporation |
| KRL 33422 | 42180-1813 | Mining rights only | Global Energy Metals Corporation |
| KRL 33423 | 42180-1812 | Mining rights only | Global Energy Metals Corporation |
| KRL 36272 | 42180-1833 | Mining rights only | Global Energy Metals Corporation |
| KRL 36280 | 42180-1438 | Mining rights only | Global Energy Metals Corporation |
| KRL 36281 | 42180-1439 | Mining rights only | Global Energy Metals Corporation |
| KRL 36282 | 42180-1440 | Mining rights only | Global Energy Metals Corporation |
| KRL 36283 | 42180-1441 | Mining rights only | Global Energy Metals Corporation |
| KRL 36284 | 42180-1442 | Mining rights only | Global Energy Metals Corporation |
| KRL 36285 | 42180-1443 | Mining rights only | Global Energy Metals Corporation |
| KRL 36286 | 42180-1444 | Mining rights only | Global Energy Metals Corporation |
| KRL 36287 | 42180-1445 | Mining rights only | Global Energy Metals Corporation |
| KRL 36288 | 42180-1446 | Mining rights only | Global Energy Metals Corporation |
Part II – Mining Leases
| Claim No. | PIN | Rights | Registered Owner* |
|---|---|---|---|
| K31373 | 42180-1831 | All Mining rights only | Global Energy Metals Corporation |
| K31374 | 42180-1832 | Part Mining rights only | Global Energy Metals Corporation |
Part III – Mining Licenses of Occupation
| Claim No. | Owner | Rights | Size (ha) | Status |
|---|---|---|---|---|
| 10661 | Commerce Capital Inc. | Mining rights only | 7.365 | Active |
| 12128 | Commerce Capital Inc. | Mining rights only | 63.054 | Active |
| 12246 | Commerce Capital Inc. | Mining rights only | 56.292 | Active |
| 12247 | Commerce Capital Inc. | Mining rights only | 68.076 | Active |
| 12501 | Commerce Capital Inc. | Mining rights only | 52.103 | Active |
| 13150 | Commerce Capital Inc. | Mining rights only | 60.974 | Active |
| Claim No. | Owner | Rights | Size (ha) | Status |
|---|---|---|---|---|
| 13151 | Commerce Capital Inc. | Mining rights only | 7.891 | Active |
| 13261 | Commerce Capital Inc. | Mining rights only | 83.798 | Active |
| 13283 | Commerce Capital Inc. | Mining rights only | 25.617 | Active |
| 13284 | Commerce Capital Inc. | Mining rights only | 1.998 | Active |
| 13292 | Commerce Capital Inc. | Mining rights only | 13.197 | Active |
Part IV – Mining Claims
| Claim No. | Owner | Rights | Size (ha) | Status |
|---|---|---|---|---|
| LEA-108455 | HTM Canada Ltd* | Mining rights only | 111.5 | Active |
In the process of being registered as owner.
Part 5 – Australian Tenements*
| TENEMENT | STATUS | OWNERSHIP / BENEFICIAL INTEREST | COMMENTS |
|---|---|---|---|
| Mt Fisher Tenement Schedule | |||
| E53/1061 | Live | High-Tech Metals Ltd - 100% | Gold Resource |
| E53/1106 | Live | High-Tech Metals Ltd - 100% | |
| E53/1218 | Live | Cannon Resources Pty Ltd (registered holder of tenement) | |
| Rox Resources Ltd - 100% beneficial gold rights only | Tenement held by Cannon Resources Pty Ltd | ||
| E53/1319 | Live | Rox (Mt Fisher) Pty Ltd - 100%* | |
| E53/1788 | Live | High-Tech Metals Ltd - 100% | |
| E53/1836 | Live | High-Tech Metals Ltd - 100% | |
| E53/2002 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| Cullen Exploration Pty Ltd will be given 25% when JV forms | |||
| E53/2075 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV Cullen |
| Exploration Pty Ltd will be given 25% when JV forms | |||
| E53/2095 | Live | High-Tech Metals Ltd - 100% | Cullen JV Cullen |
| Exploration Pty Ltd will be given 25% when JV forms | |||
| E53/2102 | Live | High-Tech Metals Ltd - 100% | |
| L53/262 | Live | High-Tech Metals Ltd - 100% | Airstrip |
| M53/0009 | Live | High-Tech Metals Ltd - 100% | Gold Resource |
| M53/0127 | Live | High-Tech Metals Ltd - 100% | Gold Resource |
| E53/2199 | Live | High-Tech Metals Ltd - 100% | |
| E53/2201 | Live | High-Tech Metals Ltd - 100% | |
| E53/2307 | Live | High-Tech Metals Ltd - 100% | |
| E53/2354 | Application | Rox (Mt Fisher) Pty Ltd - 75% (Earn-in) * | Cullen JV |
| E53/2355 | Application | Rox (Mt Fisher) Pty Ltd - 75% (Earn-in) * | Cullen JV |
| E53/2356 | Application | Rox (Mt Fisher) Pty Ltd - 75% (Earn-in) * | Cullen JV |
| TENEMENT | STATUS | OWNERSHIP / BENEFICIAL INTEREST | COMMENTS |
|---|---|---|---|
| Mt Eureka Tenement Schedule | |||
| E53/1209 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/1299 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| Gold Resource | |||
| E53/1637 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/1893 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/1957 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/1958 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/1959 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/1961 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/2052 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/2063 | Live | High-Tech Metals Ltd - 75% (Earn-in) | Cullen JV |
| E53/2101 | Application | Rox Resources Ltd - 75% (Earn-in) * | Cullen JV |
| This application is registered 100% in the name of Cullen Resources Pty Ltd | |||
| E53/2358 | Application | Rox Resources Ltd - 75% (Earn-in) * | Cullen JV |
| This application is registered 100% in the name of Cullen Resources Pty Ltd |
*In the process of being registered as beneficial owner.
Rule 5.5
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Name of entity
High-Tech Metals Limited
ABN
68 657 249 995
Quarter ended ("current quarter")
31 March 2026
| Consolidated statement of cash flows | Current quarter $A'000 | Year to date (9 months) $A'000 |
|---|---|---|
| 1. Cash flows from operating activities | ||
| 1.1 Receipts from customers | - | - |
| 1.2 Payments for | ||
| (a) exploration & evaluation | (111) | (111) |
| (b) development | - | - |
| (c) production | - | - |
| (d) staff costs | (91) | (225) |
| (e) administration and corporate costs | (63) | (310) |
| 1.3 Dividends received (see note 3) | - | - |
| 1.4 Interest received | 23 | 32 |
| 1.5 Interest and other costs of finance paid | - | - |
| 1.6 Income taxes paid | - | - |
| 1.7 Research and development refunds | - | - |
| 1.8 Other (provide details if material) | - | - |
| 1.9 Net cash from / (used in) operating activities | (242) | (614) |
| 2. Cash flows from investing activities | ||
| --- | --- | --- |
| 2.1 Payments to acquire or for: | ||
| (a) entities | - | - |
| (b) tenements (see item 10) | - | - |
| (c) property, plant and equipment | - | - |
| (d) exploration & evaluation | (212) | (616) |
| (e) investments | - | - |
| (f) other non-current assets | - | - |
ASX Listing Rules Appendix 5B (17/07/20)
- See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
| Consolidated statement of cash flows | Current quarter $A'000 | Year to date (9 months) $A'000 | |
|---|---|---|---|
| 2.2 | Proceeds from the disposal of: | ||
| (a) entities | - | - | |
| (b) tenements(see item 10) | - | - | |
| (c) property, plant and equipment | - | - | |
| (d) investments | 131 | 131 | |
| (e) other non-current assets | - | - | |
| 2.3 | Cash flows from loans to other entities | - | - |
| 2.4 | Dividends received (see note 3) | - | - |
| 2.5 | Other (provide details if material) | - | - |
| 2.6 | Net cash from / (used in) investing activities | (81) | (485) |
| 3. | Cash flows from financing activities | ||
| 3.1 | Proceeds from issues of shares | 750 | 856 |
| 3.2 | Proceeds from issue of convertible notes | - | - |
| 3.3 | Proceeds from exercise of share options | 10,620 | 10,620 |
| 3.4 | Transaction costs related to issues of shares, convertible notes or options | (757) | (757) |
| 3.5 | Proceeds from borrowings | - | - |
| 3.6 | Repayment of borrowings | - | - |
| 3.7 | Transaction costs related to loans and borrowings | - | - |
| 3.8 | Dividends paid | - | - |
| 3.9 | Other – Proceeds from unexercised options | - | (4) |
| 3.10 | Net cash from / (used in) financing activities | 10,613 | 10,715 |
| 4. | Net increase / (decrease) in cash and cash equivalents for the period | ||
| 4.1 | Cash and cash equivalents at beginning of period | 823 | 1,497 |
| 4.2 | Net cash from / (used in) operating activities (item 1.9 above) | (242) | (614) |
| 4.3 | Net cash from / (used in) investing activities (item 2.6 above) | (81) | (485) |
| 4.4 | Net cash from / (used in) financing activities (item 3.10 above) | 10,613 | 10,715 |
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
| Consolidated statement of cash flows | Current quarter $A'000 | Year to date (9 months) $A'000 | |
|---|---|---|---|
| 4.5 | Effect of movement in exchange rates on cash held | - | - |
| 4.6 | Cash and cash equivalents at end of period | 11,113 | 11,113 |
| 5. | Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts | Current quarter $A'000 | Previous quarter $A'000 |
| --- | --- | --- | --- |
| 5.1 | Bank balances | 11,103 | 813 |
| 5.2 | Call deposits | 10 | 10 |
| 5.3 | Bank overdrafts | - | - |
| 5.4 | Other (provide details) | - | - |
| 5.5 | Cash and cash equivalents at end of quarter (should equal item 4.6 above) | 11,113 | 823 |
| 6. | Payments to related parties of the entity and their associates | Current quarter $A'000 | |
| --- | --- | --- | |
| 6.1 | Aggregate amount of payments to related parties and their associates included in item 1: administration services ($6k), capital raising fee ($166K), company secretary fees ($33K), director Fees ($25k) and rent ($20k). | 250 | |
| 6.2 | Aggregate amount of payments to related parties and their associates included in item 2 | - | |
| Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. |
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
| 7. | Financing facilities
Note: the term “facility” includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity. | Total facility amount at quarter end $A'000 | Amount drawn at quarter end $A'000 |
| --- | --- | --- | --- |
| 7.1 | Loan facilities | - | - |
| 7.2 | Credit standby arrangements | - | - |
| 7.3 | Other (please specify) | - | - |
| 7.4 | Total financing facilities | - | - |
| 7.5 | Unused financing facilities available at quarter end | | - |
| 7.6 | Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. | | |
| | N/A | | |
| 8. | Estimated cash available for future operating activities | $A'000 |
| --- | --- | --- |
| 8.1 | Net cash from / (used in) operating activities (item 1.9) | (242) |
| 8.2 | (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) | (212) |
| 8.3 | Total relevant outgoings (item 8.1 + item 8.2) | (454) |
| 8.4 | Cash and cash equivalents at quarter end (item 4.6) | 11,113 |
| 8.5 | Unused finance facilities available at quarter end (item 7.5) | - |
| 8.6 | Total available funding (item 8.4 + item 8.5) | 11,113 |
| 8.7 | Estimated quarters of funding available (item 8.6 divided by item 8.3) | 24.48 |
| 8.8 | Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. | |
| | If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? | |
| | Answer: N/A | |
| | 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? | |
| | Answer: N/A | |
| | 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? | |
| | Answer: N/A | |
| | Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. | |
ASX Listing Rules Appendix 5B (17/07/20)
- See chapter 19 of the ASX Listing Rules for defined terms.
Compliance statement
- This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
- This statement gives a true and fair view of the matters disclosed.
Date: 30/04/2026
Authorised by: The Board of Directors, High-Tech Metals Limited
(Name of body or officer authorising release – see note 4)
Notes
- This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
- If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
- Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
- If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board". If it has been authorised for release to the market by a committee of your board of directors, you can insert here: "By the [name of board committee – eg Audit and Risk Committee]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee".
- If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.