High-Tech Metals has signed a binding ore purchase agreement with Forrestania Resources for gold-bearing ore from the Mt Fisher Gold Project in Western Australia. Forrestania can buy up to 400,000 tonnes of ore over 24 months, priced on ore grade, recovery (up to 91%) and the current gold price. High-Tech Metals will fund transport to Forrestania's processing facility and pay a one-off A$50,000 ($35,192.4) access fee. The deal gives High-Tech Metals a processing option without its own plant, but no ore reserve has been declared and no mining decision made, and further technical, economic and regulatory steps are required. The Wagtail Gold Project is excluded.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/28/2026 | 4,067.54 |
| Change that session | +0.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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