High-Tech Metals: Capitalizing on Exploration Upside Potential of a Historic Cobalt Project

High-Tech Metals Limited (ASX:HTM) focuses 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. 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 recently appointed to lead the exploration team and improve the value of the Werner Lake project.

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.

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.

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.

Company Highlights

• High-Tech Metals Limited is an exploration and development mining company exploring its underexplored cobalt asset in Canada.
• The company is a well-structured entity from a capital perspective, with the right management team in place to realize the potential of its assets.
• The Werner Lake Cobalt Project has seen some historical exploration and production but has not been explored with modern exploration techniques and technologies, creating upside potential for additional discoveries.
• High-Tech Metals recently hired Toby Hughes, a renowned geologist, to lead the exploration team.
• Cobalt is currently used throughout a wide range of applications, and the growth of renewable technologies will continually drive up demand for the metal.
• The Werner Lake project is located on the Ontario-Manitoba border in a prolific mining district with an existing road network to facilitate future transportation.
• The company’s asset has a current JORC-compliant resource estimate of 720,000 lbs of ore at 0.52 percent cobalt.
• An experienced management team leads the company towards fully exploring its cobalt asset.

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