MetalsTech Limited (ASX:MTC) Advances Sturec Gold Mine Activities
Mining Operations Commence
MetalsTech Limited (ASX: MTC) has commenced mining activities at the Sturec Gold Mine. The company submitted a notification to the Mining Office, officially starting operations on 1 December 2024. A blasting permit application has also been submitted to facilitate small-scale mining from the main Andrej Adit.
Museum and Infrastructure Upgrades
Alongside mining efforts, the company has successfully completed maintenance work on its mining museum. Key projects included repairs to the engine room roof and painting of the bridge. Enhancements to the site’s infrastructure are aimed at preserving the historical significance of the area.
Mineralisation Potential Identified
An extensive review of historical exploration reports has uncovered potential Antimony mineralisation at the Sturec Deposit. The Antimony mineralisation consists of an antimonite vein and has been previously overlooked in mining activities due to its low economic value when compared to gold and silver.
Executive Comments
Gino D’Anna, Director of MetalsTech, expressed the company’s commitment to engaging local stakeholders in the Kremnica region while advancing project development. “This is a critical time for the Company as completion of the PFS will be a significant value creation milestone for the Sturec project,” he stated. He added that the local team is actively working to advance the permitting process to de-risk the mine-ready opportunity.
MetalsTech will continue evaluating the potential of Antimony mineralisation, utilizing historical drill cores and logs to better understand its distribution at the Sturec project. The company remains dedicated to keeping shareholders informed as activities progress.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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