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Highlights
High-Tech Metals (ASX:HTM) signed a non-binding MoU with SSH Mining Australia, a subsidiary of SSH Group (ASX:SSH).
The agreement covers mine planning, grade control drilling, construction, and operational management at Mt Fisher.
Both companies intend to finalise a profit-sharing agreement while High-Tech retains full ownership of the tenement.
High-Tech Metals (ASX:HTM), listed on the asx 200, has entered into a memorandum of understanding with SSH Mining Australia, a subsidiary of SSH Group (ASX:SSH), to advance development activities at the Mt Fisher Gold Project in Western Australia. The partnership strengthens the presence of both companies within the Australian resources sector, supporting wider contributions to the national mining landscape.
Scope of the Memorandum of Understanding
The agreement outlines collaborative efforts in mine planning, grade control drilling, and approvals. SSH Mining will also lead operational tasks such as site establishment, construction works, drilling, and processing logistics. High-Tech Metals retains full ownership of the Mt Fisher tenement, ensuring the project remains under its control while leveraging SSH’s mining expertise.
Operational Collaboration and Profit-Sharing
As part of the arrangement, SSH Mining will oversee day-to-day development and mining activities. Both companies have agreed to establish a profit-sharing model, with specific definitions of project costs, net proceeds, and sharing ratios to be detailed in a forthcoming binding agreement. This collaboration builds on an established working relationship between the two entities.
Details of the Mt Fisher Project
The Mt Fisher Project includes the Mt Fisher Gold Mine along with the Damsel and Wagtail assets. The project area contains a defined resource base, which positions High-Tech Metals to advance exploration and development in line with its strategy of strengthening its Australian and Canadian mineral portfolio.
Role of High-Tech Metals
High-Tech Metals is a mineral exploration and development company with assets spanning Australia and Canada. The company is committed to unlocking value from projects such as Mt Fisher while also maintaining a diversified project base across multiple jurisdictions.
Role of SSH Group
SSH Group (ASX:SSH) provides mining and civil services across the Australian resources sector. Through its subsidiary SSH Mining, the group brings operational capability, workforce management, and technical services to mining projects, supporting development phases through to execution.
Australian Gold Industry Outlook
The broader Australian gold sector continues to expand as miners respond to record prices and higher demand. According to the Department of Industry, Science and Resources, expansions to existing mines and the commissioning of new mill capacity are expected to support higher national gold output in the coming years. Australian miners remain active in scaling production levels to match the evolving global supply landscape.
Frequently Asked Questions
- What is the Mt Fisher Project?
It is a gold project in Western Australia comprising the Mt Fisher Gold Mine, Damsel, and Wagtail assets. - Which companies are involved in the MoU?
High-Tech Metals (ASX:HTM) and SSH Group (ASX:SSH) are the two companies involved. - What role will SSH Mining play?
SSH Mining will manage operations including mine planning, drilling, construction, and processing logistics.
