HTM Quarterly Activities Report for the Period Ending 31 December 2023

High-Tech Metals Limited (ASX: HTM) (High-Tech, HTM or the Company), a critical battery minerals exploration Company, is pleased to provide the following report on its activities for the quarter ending 31 December 2023. The Company’s primary activities during the quarter were the staking of the Ketele LCTG Project in Ethiopia and the diamond drilling program at the wholly owned Werner Lake Project (Werner Lake, or the Project) located in northwestern Ontario.

HIGHLIGHTS

HTM expands critical minerals portfolio through grant of the Ketele Exploration License which, located in mineral rich Ethiopia, is considered prospective for LCT (lithium-cesium-tantalum) mineralisation.

Ethiopia is home to the Kenticha Lithium and Tantalum Mine. Ketele LCT Project covers 42km2 in prospective geology with no modern exploration.

Work programme has commenced to evaluate the potential for lithium and associated elements with results expected in the coming weeks. This will assist in the investigation of potential spodumene-bearing pegmatites.

HTM finished its maiden drill program at Werner Lake with 798m of diamond drilling completed. Maiden drill program was completed on time and under budget.

HTM intersected cobalt mineralisation in its first two drill holes at Werner Lake, including:

• 2m @ 0.054% Co, 0.5% Cu in WL23-001
• 60m @ 0.011% Co, 0.054% Cu, and 0.24% Ni, including 3m @ 0.018 % Co, 0.13 % Cu, and 0.45 % Ni in WL23-002

Ketele LCT Project

During the quarter, HTM announced that the Company had been granted the Ketele Exploration License (MOM-EL-05096-2023) (“License”) in Ethiopia. The License will be the foundation of our exciting new Ketele LCT Project (“Ketele” or the “Project”).

The award of Ketele provides the Company exclusive access to explore new, undrilled tenure, offering significant potential to further enhance the Project which is located 400 km southwest of the capital city of Addis Ababa and 150 km west of the Kenticha Li-Ta Mine.

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