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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 March 2024. The Company’s primary activities during the quarter were the planning of exploration of the Ketele LCTG Project in Ethiopia.
HIGHLIGHTS
- HTM continues to progress its exploration work program planning at Ketele LCT Project.
- Strong focus on identifying complimentary opportunities in the critical minerals sector to build out the portfolio of assets.
Ketele LCT Project
During the quarter, HTM announced that the Company was planning its initial exploration program at the Company’s Ketele Exploration License (MOM-EL-05096-2023) (“License”) in Ethiopia (Refer ASX Announcement - HTM to Progress Exploration Sampling at Ketele LCT Project – dated 10 January 2024). The License will be the foundation of our exciting new Ketele LCT Project (“Ketele” or the “Project”).
This initial program will comprise sampling of prospective geological units (inc. granites, pegmatites, etc) and regional structures which have previously been identified and mapped in this underexplored area of Ethiopia (Figure 1). This sampling will include rock chip sampling and channel samples, the latter yielding continuous samples across an entire outcrop. The planning process with regard to certain Project area access and exploration program approvals is ongoing.
Figure 1 – Example of previously identified outcrops for the planned rock and channel sampling at the Ketele LCT Project.
Figure 2 – Ketele LCT Project Location.
Werner Lake Project
Following on from HTM’s successful drill program at Werner Lake Project (“Werner Lake”) (Refer to ASX Announcement - Drilling Results at Werner Lake Project – 27 November 2023), the Company continues to evaluate the next steps to realise the value of the asset.
Business Development
During the quarter, HTM considered several project opportunities. HTM will continue to identify and review projects which complement the Company’s existing assets and support its strategy of building a portfolio of exploration, development, and operating mining assets.
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