
February 19, 2023
High-Tech Metals Limited (ASX: HTM) (High-Tech, or the Company), is pleased to announce the appointment of highly experienced geologist, Toby Hughes, to manage the Canadian exploration work programs on its flagship Werner Lake Cobalt Project (Werner Lake or Project). Mr. Hughes extensive experience and understanding of the Project area provides HTM with unique insights into new exploration opportunities and targets.
HIGHLIGHTS
- High-Tech Metals appoints experienced geologist Toby Hughes to the HTM Team with exploration work program planning underway.
- Engagement with APEX Geoscience Ltd to provide HTM professional geological consulting, exploration management and Technical Reporting.
- Laying the foundation for HTM to advance exploration program in its pursuit to significantly increase the existing Indicated Resource1.
- HTM to progress arrangements for land access, drilling permits and contractor engagement shortly.
Mr. Hughes is a Professional Geologist having worked in mineral exploration for over 40 years, with experience in orogenic and epithermal systems, volcanogenic massive sulphides, and Cu-Ni-Co. He has worked for several years on and around the Werner Lake deposit, with additional experience in cobalt exploration within the Bear Magmatic Province, NT, Cobalt, ON and China. As a consultant, he has held senior positions with junior and senior mining companies across Canada, Argentina, China, Columbia, Ghana, Guyana, Mongolia, Peru, Venezuela, and the USA exploring for precious, base metal, industrial minerals and diamonds.
Mr. Hughes is a graduate of The University of Dundee, Scotland (Honours B.Sc. Geology) and a registered Professional Geoscientist in Ontario.
In addition, HTM is pleased to announce the engagement of APEX Geoscience Ltd (APEX) of Edmonton, AB, as geological consultants to conduct a review of the Werner Lake Project and recommend the next stage of exploration for the project. The review is expected to reinterpret both historical drilling & mining data, modelling of the historic mine workings, and past exploration programs on the Project. The review, overseen by Rob L’Heureux (M.Sc., P.Geol.) of APEX, will commence immediately with a site visit to the project over the coming weeks. Mr. L’Heureux is a graduate of the University of Alberta (B.Sc.) and the University of Western Ontario (M.Sc.) and has 25 years of mineral exploration experience throughout the Americas, Africa and Australasia.
HTM’s Chairman, Charles Thomas, commented:
“The appointment of Mr Hughes and APEX to the High-Tech Team will significantly advance our exploration efficiency at Werner Lake for the coming field season. Utilising their extensive geological and technical expertise, they will proactively drive High-Tech’s roadmap in identifying new targets for our maiden drilling program. We look forward to providing further updates on our progress and exploration milestones”.
About APEX Geoscience Limited
With offices in Canada, Australia and the USA, APEX provides professional geological consulting, exploration management, and Technical Reporting to domestic and international clientele. APEX has experience in all aspects of the mineral exploration industry from initial assessment and independent reporting
through to mining including the identification and outlining of resources. APEX’s technical writing team includes several QPs and CPs with extensive experience in National Instrument (NI) 43-101, Australasian Joint Ore Reserves Committee (JORC) and United States Subpart 1300 of Regulation S-K (S-K 1300) compliant Technical Reporting for mineral properties located in North America and internationally.
Click here for the full ASX Release
This article includes content from High-Tech Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
HTM:AU
The Conversation (0)
08 November 2023
High-Tech Metals
Overview
High-Tech Metals Limited (ASX:HTM) is an exploration and development mining company focusing on its Canadian cobalt asset in the Kenora Mining District. The company’s Werner Lake project has received no previous modern exploration, creating blue-sky potential as High-Tech leverages new technologies and techniques. Additionally, High-Tech Metals is a well-structured entity from a capital perspective, with a highly experienced team of experts leading the company towards its goals. Toby Hughes was appointed to lead the exploration team and improve the value of the Werner Lake project.
Cobalt is widely used in various applications due to its unique high-temperature and magnetic properties. Historically, cobalt has been used in jet turbines, electroplating and alloyed with nickel to make powerful magnets. Now, cobalt demand is skyrocketing as electric vehicles (EVs) increasingly take a big chunk of the market. EVs are projected to consume 320 kilotons of cobalt by 2030, about 84 percent of the total cobalt demand.The Werner Lake project is near the Ontario-Manitoba border and is on the Werner Lake Geological Belt, known for hosting cobalt-copper and base metal deposits. The region has undergone continual exploration and production since cobalt was discovered in 1921.
Canada has the sixth largest cobalt reserves globally and both Ontario and Newfoundland and Labrador produce more than 1,000 metric tonnes of cobalt annually. In addition, Canada hosts many of the world’s top mining jurisdictions due to its mining-friendly policies, which will allow High-Tech Metals to streamline exploration and move towards production.
High-Tech’s project was explored in the 1930s and 1940s, then was taken into production in the 1990s. Results from historical exploration and production informed the project’s current JORC-compliant resource estimate of 720,000 pounds (lbs) at 0.52 percent cobalt. While encouraging, the team also believes there is a significant exploration of upside potential by leveraging modern tools and techniques.
High-Tech Metals has taken steps to expand its portfolio, securing an agreement to acquire the Norpax Deposit and an option to purchase the Reynar Lake Project, located in Ontario, Canada. The projects are directly west and adjoin the company’s Werner Lake Project The Norpax Nickel Sulphide Deposit has a historical non-JORC compliant resource of 1.01 million tonnes of 1.2 percent nickel and 0.5 percent copper. The Reynar Lake Project is highly prospective for nickel, copper and cobalt which could potentially provide HTM with additional landholding and increase its cobalt resource and explore for additional nickel sulphide mineralisation.
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