MetalsTech engages Mining One for PFS

MetalsTech (ASX:MTC) has engaged Mining One Pty Ltd to conduct a Pre-Feasibility Study (PFS) on its Sturec Gold Project in Slovakia. The project holds a resource of 2.7 million ounces of gold. This move aims to advance the project towards a 'mine-ready' status, leveraging current favorable gold market conditions.

MetalsTech's strategic outlook

MetalsTech has initiated a Pre-Feasibility Study on its Sturec Gold Project by partnering with Mining One, a leading mining consulting firm. This step aligns with MetalsTech's strategy to advance the project to a mine-ready status, driven by the strong gold market. The study aims to de-risk future developments and capitalize on the project's existing resource potential. The company is optimistic that the PFS will add significant value for shareholders, providing exploration and growth potential. MetalsTech plans to keep stakeholders informed as the study progresses.

Executive insights on Sturec Gold Project

The PFS is expected to build on an already completed Scoping Study that reflects improvements in gold and silver prices and increased mining inventory opportunities. The study's completion is seen as a significant de-risking milestone, supporting future development plans for the Sturec Gold Mine. Additionally, the Sturec project offers exploration upside and growth potential with its existing JORC (2012) Mineral Resource. The company is confident that the PFS will unlock significant value for shareholders and looks forward to providing updates as the study progresses.