Drilling Program Completed at Werner Lake Project

High-Tech Metals Limited (ASX: HTM) (High-Tech, HTM or the Company) is pleased to announce the maiden drill program at the Company’s Werner Lake Project (Werner Lake) has been completed for a total of 798m of diamond drilling. All samples have been sent to the Company’s lab services provider (ALS), with assay results expected to become available over the coming month.

HIGHLIGHTS

HTM finishes maiden drill program at Werner Lake with 798m of diamond drilling completed. All samples have been sent for assay at the Company’s lab services provider.

This follows the successful lithogeochemical sampling program which returned high-grade nickel sulphide (greater than 1% Ni) assays at Werner Lake. Historically, the property has also been explored for cobalt and copper, with recent sampling returning high grade samples including 6.22% Cu and >1% Co (refer ASX release dated 30 August 2023).

Figure 1 – Diamond Drilling at the Werner Lake Project.

Figure 2 – Diamond drilling zones at the Werner Lake Project.

This follows the significant results achieved through the Ni-Cu-Co lithogeochemical sampling programme totalling 209 samples collected during the 2023 field season at Werner Lake located in northwestern Ontario (refer ASX release dated 30 August 2023). The sampling results are extremely encouraging for Werner Lake and confirm the Cu-Co potential of the Project, as well as the discovery of high-grade nickel sulphide at surface. Of the 209 samples taken as part of the program, twelve samples exceeded grades of more than 1% cobalt or 1% copper and three samples returned results greater than 1% Ni (refer ASX release dated 30 August 2023).

Sonu Cheema, Executive Director, commented:

"Following the successful sampling program which covered an area of approximately 6km2 within our overall project area of approximately 20 km2, HTM has completed its maiden diamond drilling program at the high-grade Werner Lake Ni-Cu-Co project.

“Results from the drill targets have been advanced to ALS laboratory for assessment with results expected in the coming month.”

The Company is actively evaluating numerous new project possibilities near Werner Lake. It is consistently conducting thorough internal assessments of projects that align with the Company's goal of specializing in battery metals. Of special interest are ventures that enhance the Company's involvement in the recently discovered nickel potential of Werner Lake.

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