SSH Group Ltd Commences Site Preparation Works at Mt Fisher Gold Project

Strategic Insights -

SSH Group Ltd, an Australian company, is pleased to announce the commencement of site preparation works at the historic Stockpile and Tailings at the Mt Fisher Gold Project in Western Australia for High-Tech Metals Limited. The initiative is part of a larger plan to unlock the value of historic stockpiles and tailings while advancing the Wagtail resource workstreams. The project is expected to deliver meaningful outcomes for High-Tech Metals and create attractive optionality for SSH Mining.

SSH Mining has mobilized its operations team to commence dozer works across historic stockpiles and the tailings dam at Mt Fisher. These activities pave the way for a bulk sampling program and reverse circulation (RC) and aircore (AC) drilling, scheduled to begin within the fortnight. Additional locations across the lease have also been identified for rehandle material sampling. Metallurgical test work will immediately follow drilling, aimed at validating historic recovery results and confirming processing pathways.

Key Takeaways:

  • SSH Mining has commenced site preparation works at the Mt Fisher Gold Project in Western Australia for High-Tech Metals Limited.
  • The project involves dozer works, bulk sampling, reverse circulation and aircore drilling, and metallurgical test work to unlock the value of historic stockpiles and tailings.
  • The activities are scheduled to begin within the fortnight, with additional locations identified for rehandle material sampling.
  • The program is designed to support the planned transport of rehandle material to nearby processing facilities.
  • SSH Mining is advancing a shallow drilling program targeting the Wagtail deposit to upgrade ounces from Inferred into Indicated and Measured categories.
  • The project is a key component of SSH Group's "Hire, Mine, Own" strategy, which aims to create long-term value for both shareholders and clients.
  • SSH Mining is actively broadening its project pipeline and capabilities, with tenders underway for surface mining projects and underground mining projects.
  • The company is also evaluating joint venture opportunities to secure near-term exposure and strengthening its operational and technical teams.

Statistics:

  • The project is expected to deliver meaningful outcomes for High-Tech Metals.
  • SSH Mining has mobilized its operations team to commence dozer works across 100 hectares of historic stockpiles and the tailings dam at Mt Fisher.
  • 20,000 meters of drilling is planned for the Wagtail deposit to upgrade ounces from Inferred into Indicated and Measured categories.
  • SSH Group has a growth pipeline of 5+ mining projects, including surface and underground mining projects.

Sources:

  • High-Tech Metals Limited (ASX: HTM) (see ASX announcement: HTM 31 October 2022)
  • SSH Group Ltd (ASX: SSH) (see ASX announcement: SSH 24 November 2022)