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.11 METALS TECH LIMITED ASX Release 29 October 2021 September 2021 Quarterly Activities Report Metals Tech Limited ( ASX : MTC ) is pleased to report its activities for the quarter ended 30 September 2021. During the quarter ended 30 September 2021 , the Company commenced its Phase II Underground Diamond Drilling Program at its flagship 100 % -owned Sturec Gold Mine in Slovakia following the recent upgrade of the JORC ( 2012 ) Mineral Resource Estimate . The Sturec Gold Mine hosts a JORC ( 2012 ) Resource of 38.5Mt @ 1.23 g / t Au and 8.8 g / t Ag , containing 1.522Moz of gold and 10.93Moz of silver using a 0.26g / t Au cut - off . The Mineral Resource also includes a higher - grade subset of 6.25Mt @ 3.27 g / t Au and 19.4 g / t Ag containing 658Koz of gold and 3.89Moz of silver using a cut - off grade of 2 g / t Au . Incredibly , 93 % of the Mineral Resource is in the Measured + Indicated categories , representing a high degree of confidence in the geological structure . Recent drilling by the Company has intersected a southerly plunging , high - grade mineralisation zone which has significantly contributed to the increase in the size and confidence of the Mineral Resource . The deposit at the Sturec Gold Mine remains open to the north and south along strike , as well as down - dip , indicating there is significant exploration upside . In addition , the Company has identified shallow high - grade mineralisation north of the Sturec resource outside of the existing JORC ( 2012 ) Mineral Resource Estimate . These results have not been followed up with modern exploration techniques and will be the focus of the Company during its Phase III Drilling Campaign . As part of the ongoing development of the Sturec Gold Mine , the Company is investigating the potential of a high grade and low impact bulk underground mining operation at Sturec focusing on the higher - grade tonnes within the Mineral Resource . The Company has engaged Bara Consulting Ltd to complete a scoping study which it expects will be received during early Q1 of 2022 . Drilling results to date include : 18m @ 34.07 g / t Au and 10.7 g / t Ag ( UGA - 18 ) 35m @ 3.31 g / t Au and 12.3 g / t Ag ( UGA - 17 ) 70m @ 9.23 g / t Au and 7.8 g / t Ag ( UGA - 16 ) 90m @ 3.88 g / t Au and 13.9 g / t Ag ( UGA - 04 ) 70m @ 3.43 g / t Au and 14.7 g / t Ag ( UGA - 06 ) 32m @ 4.62 g / t Au and 17.5 g / t Ag ( UGA - 05 ) pyrite gold 73m @ 2.14 g / t Au & 8.8 g / t Ag ( UGA - 03 ) 24m @ 2.28 g / t Au and 11.5 g / t Ag ( UGA - 07 ) 35m @ 3.73 g / t Au and 11.6 g / t Ag ( UGA - 12 ) 10 12 13 14 Figure 1 : 5cm long and 1 cm wide zone of visible gold in a wide , drusy , fine grained , white to grey chalcedonic quartz - pyrite filled vein which is part of a stockwork zone at 81.35m in UGA- 18 ** This announcement is authorised by the executive board on behalf of the Company ** MetalsTech Limited ACN 612 100 464 Unit 1 , 44 Denis Street , Subiaco WA 6008 www.metalstech.net