# HTM: Board Transformation and Special Crossing to Drive Growth

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03149212

Publisher: asx

Original announcement: 2026-10-06T21:18:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-06T22:24:26.794Z

Atlas analysis updated: 2026-10-06T22:24:26.794Z

- Company: High-Tech Metals Ltd

- Ticker: HTM

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Other, Resource update, Metallurgy

- Extracted: 2026-10-06 22:24:27 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

High-Tech Metals Ltd announced a board transformation with new executive and non-executive directors, alongside a special crossing of approximately 11.9% of its shares to align the register for its next growth phase. The company highlighted its strong financial position with A$9 million cash and an established JORC-compliant gold resource of 3.9Mt at 1.61 g/t Au for 202,000 ounces in Western Australia. The new board aims to advance near-term production scenarios, leveraging existing mining and profit-share agreements and positive metallurgical test work, while also executing exploration programs.

Reasoning: The announcement details significant board changes and a special share crossing aimed at strengthening corporate governance and aligning the shareholder register for future growth. It also provides an overview of the company's existing gold resources and metallurgical test work, which are historical but supportive of the new strategy.

- Positive factor: Board renewal with experienced executives

- Positive factor: Special crossing to align shareholder register and remove overhang

- Positive factor: Strong cash position

- Positive factor: Established JORC-compliant gold resource \(historical\)

- Positive factor: Positive metallurgical results \(historical\)

- Positive factor: Pathway to near-term production agreements

- Negative factor: Resource and metallurgical information is historical, not new

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 15

## Classification and evidence

**Board Renewal**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The document announces a transformation of its Board of Directors with new appointments to lead the next phase of growth.

Evidence · text

> Board renewal to lead the next phase of growth with leading resources industry executive Mr Cristian Moreno appointed Executive Director, Mr Patrick Burke appointed Non-Executive Chairman, and Mr Michael McNeilly appointed Non-Executive Director

**Shareholder Alignment**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: A Special Crossing of shares is designed to remove potential share overhang and align the register behind the incoming Board's strategy.

Evidence · text

> Special Crossing \(12,486,837 shares, ~11.9% of issued capital\) to be performed by long-term supporters of incoming team to remove potential share overhang and align the register behind the incoming Board's strategy

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The Projects host a combined JORC \(2012\) Mineral Resource Estimate.

Evidence · text

> The Projects host a combined JORC \(2012\) Mineral Resource Estimate

**Free Milling**

Polarity: positive

Definition: Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Metallurgical test work has demonstrated free-milling, non-refractory characteristics.

Evidence · text

> Metallurgical test work has demonstrated free-milling, non-refractory characteristics

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recoveries of up to approximately 97% were achieved under conventional gravity and leach processing.

Evidence · text

> gold recoveries of up to approximately 97%3 under conventional gravity and leach processing

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The Mineral Resource Estimate is a re-statement of previously reported information, as indicated by footnotes and the ASX LR 5.23 Statement.

Evidence · text

> Established Mineral Resource Estimate of 3.9Mt @ 1.61 g/t Au for 202,000 ounces¹ across a district-scale gold project

**No QA/QC Disclosure**

Polarity: negative

Story-specific tag

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: The document does not disclose QA/QC procedures for the metallurgical test work, only stating 'conventional gravity and leach processing'.

Evidence · text

> gold recoveries of up to approximately 97%3 under conventional gravity and leach processing

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Competent Persons Mr Jonathon Abbott and Mr James Merrillees are named and their qualifications stated for Mineral Resources and Exploration Results respectively.

Evidence · text

> The information in this report that relates to the current Mount Fisher Mineral Resource modelling is based on and fairly represents information compiled by Mr Jonathon Abbott, a Competent Person who is a Member of The Australian Institute of Geoscientists.

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document presents an 'Established Mineral Resource Estimate' and confirms that no new information materially affects it, indicating it is an update or re-statement rather than a maiden resource.

Evidence · text

> Established Mineral Resource Estimate of 3.9Mt @ 1.61 g/t Au for 202,000 ounces¹ across a district-scale gold project

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The metallurgical test work refers to 'conventional gravity and leach processing', which typically involves milling.

Evidence · text

> conventional gravity and leach processing

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: The metallurgical test work explicitly mentions 'conventional gravity and leach processing'.

Evidence · text

> conventional gravity and leach processing

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 14. Some facts used in scoring do not have a stored record.

## Resource Estimates (13)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-1)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:8bc2f04f1cc0063c70f9
- Deposit or zone: Mt Fisher

#### Resource Data

- Category: indicated
- Tonnes: 230000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 13
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant indicated gold resource at Mt Fisher, providing background to the company's assets.

- Positive factor: Indicated resource category

- Positive factor: JORC compliant

- Negative factor: Historical estimate

Evidence · table

> 1.8

Context: 230,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-2)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:8c52d084d92565960cac
- Deposit or zone: Mt Fisher

#### Resource Data

- Category: inferred
- Tonnes: 140000
- Grade: 1.4
- Grade Unit: g/t
- Contained Metal: 6.3
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant inferred gold resource at Mt Fisher, providing background to the company's assets.

- Positive factor: JORC compliant

- Negative factor: Inferred resource category

- Negative factor: Historical estimate

Evidence · table

> 1.4

Context: 140,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-3)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:c40e517444cedc862b79
- Deposit or zone: Mt Fisher

#### Resource Data

- Category: inferred
- Tonnes: 280000
- Grade: 3
- Grade Unit: g/t
- Contained Metal: 27
- Contained Unit: koz
- Cutoff Grade: 1.6
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant inferred gold resource for underground potential at Mt Fisher, providing background to the company's assets.

- Positive factor: Higher grade for underground potential

- Positive factor: JORC compliant

- Negative factor: Inferred resource category

- Negative factor: Historical estimate

Evidence · table

> 3.0

Context: 280,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-4)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:4e1bd30846c4a2bba6c0
- Deposit or zone: Mt Fisher
- Material type: stockpile

#### Resource Data

- Category: inferred
- Tonnes: 150000
- Grade: 0.9
- Grade Unit: g/t
- Contained Metal: 4.3
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant inferred gold resource from stockpiles at Mt Fisher, providing background to the company's assets and potential for early cash flow.

- Positive factor: Potential for early cash generation from stockpiles

- Positive factor: JORC compliant

- Negative factor: Inferred resource category

- Negative factor: Historical estimate

Evidence · table

> 0.9

Context: 150,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-5)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:db39625bc0dc514c6da2
- Deposit or zone: Damsel

#### Resource Data

- Category: indicated
- Tonnes: 726200
- Grade: 1.87
- Grade Unit: g/t
- Contained Metal: 44
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant indicated gold resource at Damsel, providing background to the company's assets.

- Positive factor: Indicated resource category

- Positive factor: JORC compliant

- Negative factor: Historical estimate

Evidence · table

> 1.87

Context: 726,200

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-6)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:9a4c225615fd281fe12b
- Deposit or zone: Damsel

#### Resource Data

- Category: inferred
- Tonnes: 678000
- Grade: 1.43
- Grade Unit: g/t
- Contained Metal: 31
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant inferred gold resource at Damsel, providing background to the company's assets.

- Positive factor: JORC compliant

- Negative factor: Inferred resource category

- Negative factor: Historical estimate

Evidence · table

> 1.43

Context: 678,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-7)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:fcadff7fc57931a9e713
- Deposit or zone: Wagtail

#### Resource Data

- Category: indicated
- Tonnes: 77500
- Grade: 3.9
- Grade Unit: g/t
- Contained Metal: 9.5
- Contained Unit: koz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant indicated gold resource at Wagtail with a higher grade, providing background to the company's assets.

- Positive factor: Indicated resource category

- Positive factor: Higher grade

- Positive factor: JORC compliant

- Negative factor: Historical estimate

- Negative factor: Cut-off grade not explicitly stated for this row

Evidence · table

> 3.9

Context: 77,500

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-8)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:3119577976cbcfd6d8be
- Deposit or zone: Wagtail

#### Resource Data

- Category: inferred
- Tonnes: 28000
- Grade: 3.5
- Grade Unit: g/t
- Contained Metal: 3
- Contained Unit: koz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant inferred gold resource at Wagtail with a higher grade, providing background to the company's assets.

- Positive factor: Higher grade

- Positive factor: JORC compliant

- Negative factor: Inferred resource category

- Negative factor: Historical estimate

- Negative factor: Cut-off grade not explicitly stated for this row

Evidence · table

> 3.5

Context: 28,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-9)

Mt Eureka Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Eureka Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:6e22e5c8c56a4b58c4fb
- Deposit or zone: Taipan

#### Resource Data

- Category: inferred
- Tonnes: 640800
- Grade: 1.21
- Grade Unit: g/t
- Contained Metal: 25
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant inferred gold resource at Taipan, providing background to the company's assets.

- Positive factor: JORC compliant

- Negative factor: Inferred resource category

- Negative factor: Historical estimate

Evidence · table

> 1.21

Context: 640,800

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-10)

Mt Eureka Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Eureka Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:f3a07b6828ab83b273f1
- Deposit or zone: Southern

#### Resource Data

- Category: indicated
- Tonnes: 488400
- Grade: 1.32
- Grade Unit: g/t
- Contained Metal: 21
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant indicated gold resource at Southern, providing background to the company's assets.

- Positive factor: Indicated resource category

- Positive factor: JORC compliant

- Negative factor: Historical estimate

Evidence · table

> 1.32

Context: 488,400

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-11)

Mt Eureka Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Eureka Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:5382db02fb24583747da
- Deposit or zone: Southern

#### Resource Data

- Category: inferred
- Tonnes: 457600
- Grade: 1.18
- Grade Unit: g/t
- Contained Metal: 17
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant inferred gold resource at Southern, providing background to the company's assets.

- Positive factor: JORC compliant

- Negative factor: Inferred resource category

- Negative factor: Historical estimate

Evidence · table

> 1.18

Context: 457,600

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-12)

Mt Fisher and Mt Eureka Gold Projects · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher and Mt Eureka Gold Projects
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:ca357fa3bb2849a0ba07

#### Resource Data

- Category: inferred
- Tonnes: 3896100
- Grade: 1.61
- Grade Unit: g/t
- Contained Metal: 202
- Contained Unit: koz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of the combined JORC-compliant gold resource for Mt Fisher and Mt Eureka projects, providing an overview of the company's total gold endowment.

- Positive factor: Significant total contained gold

- Positive factor: JORC compliant

- Negative factor: Historical estimate

- Negative factor: Combined resource with significant inferred component

- Negative factor: Cut-off grade not explicitly stated for total

Evidence · table

> 1.61

Context: 3,896,100

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-resource-facts-14)

Mt Eureka Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Eureka Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:ae5ba4e259e2bf068236

#### Resource Data

- Category: inferred
- Tonnes: 640800
- Grade: 1.21
- Grade Unit: g/t
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-08-31T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of an existing JORC-compliant inferred gold resource at Taipan, providing background to the company's assets. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: JORC compliant

- Negative factor: Inferred resource category

- Negative factor: Historical estimate

Evidence · table

> 1.21

Context: 640,800

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

## Metallurgical Results (1)

### gravity and cyanide leach

[Link to this fact](https://atlas-staging.minestarters.com/news/htm-board-transformation-and-special-crossing-to-drive-growth--55b74477-a1e4-4a8d-ac15-4b1aebd9fa0c#fact-metallurgical-facts-13)

Mt Fisher Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mt Fisher Gold Project
- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia's Northern Goldfields
- Ticker: HTM

#### Test Work

- Program Status: detailed
- Test Type: gravity and cyanide leach
- Processing Route: gravity and leach processing
- Sample: master composite sample generated from recent drilling at Wagtail
- Grind P80: 75 µm

#### Recovery

- Recovery: 97 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-06-03T00:00:00.000Z

#### Dates

- Event date: 2026-10-06T00:00:00.000Z

Reasoning: Re-statement of historical metallurgical test work demonstrating high gold recoveries and favorable processing characteristics, supporting a straightforward production pathway.

- Positive factor: High recovery percentage

- Positive factor: Free-milling and non-refractory characteristics

- Positive factor: Conventional processing route

- Negative factor: Historical test work

Evidence · text

> gold recoveries of up to approximately 97%3 under conventional gravity and leach processing

#### Tags used in scoring

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: processing\_route matches the gravity signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 97% is at or above the exceptional band \(95%\)

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.