High-Tech Metals Limited (ASX: HTM)

ACN 657 249 995

Cobalt is an important critical material and a constituent of a broad range of products such as batteries, electronics, superalloys, and hard metals. Effective recycling of cobalt is considered one of the most pivotal processes in alleviating its criticality.

HIGH-TECH METALS LIMITED (ASX “HTM”) flagship is located near the Ontario-Manitoba border in the Kenora Mining District. The Werner Lake Geological Belt hosts numerous cobalt-copper and base metal showings, deposits and past producing mines.

“The world needs more high-quality cobalt mines and High-Tech is committed to begin work to realize the potential of Werner in a sustainable and responsible manner to ensure strong outcomes for all stakeholders.”

– Sonu Cheema, Executive Director of High-Tech Metals Limited

Mining Jurisdiction

The deposit is located in a favourable mining jurisdiction, with no known impediments to land access and tenure status.

Our Goal

To review the existing exploration and geological data, drill targets that weren’t previously drilled and establish new drill targets at the Project.

Traditional Mining Method

The volume, grade and orientation of the Mineral Resource being amenable to mining extraction via traditional underground mining methods.

HTM Investment Profile

Metallurgical studies have shown that excellent cobalt recoveries can be yielded from a standard flotation mill process followed by a low-pressure oxidative hydrometallurgical leach (net recovery 88%), to produce a cobalt carbonate end product.

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Werner Lake Project

The project is located near the Ontario-Manitoba border in the Kenora Mining District. The Werner Lake Geological Belt hosts numerous cobalt-copper and base metal showings, deposits and past producing mines.

The Project is divided in two distinct deposits. To the east, the Werner Lake Old Mine Deposit and to the west, the Werner Lake West Cobalt Deposit.

Figure 2: Composite Cross-section through the Old Mine (Minesite) deposit (Canmine)

Figure 3: Cross section through West Cobalt Deposit