Exploring Hidden Treasures: Innovative Approaches to Gold Stockpiles

March 28, 2025 03:33 PM AEDT | By Team Kalkine Media

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Exploring Hidden Treasures: Innovative Approaches to Gold Stockpiles — Image source: Shutterstock

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Highlights

Historic stockpiles offer quick returns as gold prices soar.

(ASX:HTM) and (ASX:M2M) deploy strategic initiatives on existing reserves.

Potential for significant extraction at low cost sparks renewed interest.

Amid a notable surge in gold prices, industry attention is pivoting towards historic stockpiles, presenting a cost-effective avenue for rapid financial returns. With the market bullish on the prospects of gold, companies like High-Tech Metals (ASX:HTM) and Mt Malcolm Mines (ASX:M2M) are leading the charge by revisiting these previously underutilized resources.

High-Tech Metals is strategically poised to capitalize on this trend by implementing a comprehensive exploration and testing program at its Mt Fisher mine, located near Kalgoorlie in Western Australia. The initiative includes reverse circulation drilling and metallurgical testing to thoroughly assess the viability of low-grade stockpiles accumulated from past mining activities. Preliminary surface sampling at these stockpiles has yielded promising results, showing an average gold grade of 1.00 grams per tonne. The estimated exploration target ranges between 155,000 and 175,000 tonnes, with gold grades from 0.9 to 1.1 grams per tonne, which does not include the already confirmed mineral resource estimate which boasts 187,000 ounces of gold at a higher grade of 1.65 grams per tonne.

Moreover, High-Tech Metals has engaged several mining contractors to develop effective processing solutions that could transform these stockpiles into profitable assets quickly, thus supporting broader exploration endeavors across the company’s lucrative projects.

Simultaneously, Mt Malcolm Mines is harnessing the potential of its Golden Crown project's stockpiles, where preliminary evaluations revealed approximately 2,400 wet metric tonnes of mineralized material with an impressive average grade of 3 grams per tonne gold. The high-grade potential was further underscored by grab sample results, with some reaching up to 42.74 grams per tonne. This assessment reinforces the project's viability and aligns with the company’s strategic goals to advance the Golden Crown towards commercial-scale production.

Both companies are exemplifying how innovative approaches to old gold stockpiles can not only expedite cash flow but also maximize the returns from existing resources in a cost-effective manner. This strategy not only mitigates the extensive costs associated with new site explorations but also provides a quicker route to market in a high-demand scenario, making it a win-win for the mining companies and their stakeholders.

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