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METALSTECH LIMITED Interim / Quarterly Report 2021

Jul 29, 2021

65380_rns_2021-07-29_7c077e21-6826-44a6-9140-c63e212b2b17.pdf

Interim / Quarterly Report

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ASX Release 30 July 2021

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June 2021 Quarterly Activities Report

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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Background: Sturec Gold Mine

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č

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Table 1: Mineral Resource Estimate – Sturec Gold Project

Updated Sturec Mineral Resource Estimate Updated Sturec Mineral Resource Estimate Updated Sturec Mineral Resource Estimate Updated Sturec Mineral Resource Estimate Updated Sturec Mineral Resource Estimate Updated Sturec Mineral Resource Estimate
Resource Estimate above 0.26 g/t Au cut-off and within an optimised open pit shell
Resource
Category		 Tonnes (kt) Au (g/t) Ag (g/t) AuEq
(g/t) 1		 Au (koz) Ag (koz) AuEq
(koz)
Measured 15,340 1.43 12.04 1.53 704 5,940 752
Indicated 18,438 1.20 6.74 1.25 709 3,995 742
Measured +
Indicated		 33,778 1.30 9.15 1.38 1413 9,935 1494
Inferred 4,717 0.72 6.56 0.77 109 995 117
TOTAL 38,495 1.23 8.83 1.30 1,522 10,930 1,611
Resource Estimate above 2 g/t Au cut-off: outside optimised open pit shell
Resource
Category		 Tonnes (kt) Au (g/t) Ag (g/t) AuEq
(g/t)1		 Au (koz) Ag (koz) AuEq
(koz)
Measured 30 2.90 21.18 3.08 3 21 3
Indicated 114 3.75 10.5 3.81 14 38 14
Measured +
Indicated		 144 3.57 12.74 3.66 17 59 17
Inferred 4 2.73 8.0 2.80 0 1 1
TOTAL 148 3.55 12.62 3.64 17 60 18

1 AuEq g/t = ((Au g/t gradeMet. Rec.Au price/g) + (Ag g/t gradeMet. Rec.Ag price/g)) / (Met. Rec.*Au price/g) Long term Forecast Gold and Silver Price (source: Bank of America): $1,785 USD/oz and $27 USD/oz respectively. Gold And silver recovery from the 2014 Thiosulphate Metallurgical test work: 90.5% and 48.9% respectively. It is the Company’s opinion that both gold and silver have a reasonable potential to be recovered and sold from the Sturec ore using Thiosulphate Leaching/Electrowinning as per the recoveries indicated.

** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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DESCRIPTION OF THE MINING RIGHTS

Slovakian Gold Project

Sturec Gold Mine

Tenement ID° Status Registration Date
Expiry Date		 Area
Sturec Gold Mine –
Mining License Active Indefinite 9.47 sq km
1830-3359/2008

Canadian Lithium Projects

Sirmac-Clapier Lithium Project Claims

CDC N° Status Registration Date
Expiry Date		 Area (ha)
2445273 to
2445275		 Active 2016/05/24 2021/05/23 163.9
2445345 to
2445346		 Active 2016/05/24 2021/05/23 109.2
2448807 to
2448813		 Active 2016/06/15 2021/06/14 289.4
2449174 to
2449176		 Active 2016/06/16 2021/06/15 103.6
2449450 to
2449467		 Active 2016/06/17 2021/06/16 983.33
2450532 Active 2016/06/21 2021/06/20 52.3
2566108 to
2566117		 Active 2020/05/29 2022/05/28 546.6
2574804 to
2574808		 Active 2020/07/27 2022/07/26 272.95
2575125 to
2575134		 Active 2020/08/03 2022/08/02 546
2598017 Active 2021/02/15 2023/02/14 54.64
2598605 to
2598611		 Active 2021/02/22 2023/02/21 364.83
Adina Lithium Project Claims
CDC N° Status Registration Date
Expiry Date		 Area (ha)
2458191 to
2458210		 Active 2016/08/17 2021/08/16 1,030.5
2461127 to
2461140		 Active 2016/09/06 2021/09/05 721.3
2465572 to
2465591		 Active 2016/10/11 2021/10/10 1031.9

** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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Cancet Lithium Project Claims

CDC N° Status Registration Date
Expiry Date		 Area (ha)
2446315 to
2446328		 Active 2016/06/01 2021/05/31 717.5
2461250 to
2461418		 Active 2016/09/07 2021/09/06 10,097.2
2469649 to
2469652		 Active 2016/11/17 2021/11/16 178.05
2486936 to
2486997		 Active 2017/03/23 2022/03/22 3,082.7
2522495 to
2522638		 Active 2018/09/07 2021/09/06 7,298.3
2523208 to
2523209		 Active 2018/09/27 2021/09/26 22.6

** This announcement is authorised by the executive board on behalf of the Company **

MetalsTech Limited ACN 612 100 464 Unit 1, 44 Denis Street, Subiaco WA 6008 www.metalstech.net

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