HTM Field Work Update Following Successful Ground Geophysical Surveys At The Werner Lake Cobalt Project

High-Tech Metals Limited (ASX: HTM) (High-Tech, or the Company) technical and geological consultants have successfully progressed field work and sampling within the key target areas at its Werner Lake Cobalt Project located in north-western Ontario. This follows the successful orientation ground geophysical program, (Refer to ASX Release dated 20th April 2023 and 26th May 2023) which was pivotal in identifying potential mineral deposits and improving our understanding of the geological structure of the area.

HIGHLIGHTS

HTM continues to progress its exploration work program following successful ground magnetic and electromagnetic surveys at its Werner Lake Cobalt Project to identify high priority EM conductors and/or magnetic anomalies.

The HTM field team have collected approximately 209 rock samples over the course of June which will be used to delineate targets for potential additional sampling, detailed ground geophysics and drilling.

The Company has received and continues to appraise several new project opportunities in the vicinity of Werner Lake and continues to conduct high-level internal assessments on projects that fit the Company’s objective of becoming a battery metal focused company.

Finalisation of targeting for Phase II is now complete with results from the sampling program, to provide additional data for a second round of electromagnetic surveying leading to an HTM planned maiden drilling program.

The field program was conducted by APEX Geoscience’s team who collected 209 rock samples over the course of June which will be used to delineate targets for potential follow-up sampling and drilling testing. The field program was overseen by the Company’s professional geologist, Toby Hughes, P. Geo, who has extensive experience in the region.

Figure 1 – HTM Sampling at Werner Lake.

Figure 2 - Werner Lake outcrop and sampling zone

Sonu Cheema, Executive Director commented:

"HTM has successfully completed the sampling program with our team working diligently to collect a comprehensive range of samples for imminent assay analysis. We are confident that the results obtained through this sampling program will provide valuable insights and support informed decision-making regarding delineation of drill targets.”

Figure 3 – Progress update on Werner Lake exploration roadmap for 2023

HTM is committed to responsible exploration practices and takes measures to minimize the impact of its exploration activities on the environment and local communities.

The Company has received and continues to appraise several new project opportunities in the vicinity of Werner Lake and continues to conduct high-level internal assessments on projects that fit the Company’s objective of becoming a battery metal focused Company.

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