MetalsTech Limited announces the results of the Scoping Study for the Company's 100% owned Sturec Gold Mine located in central Slovakia, between the town of Kremnica and the village of Ludky,17km west of central Slovakia's largest city, Banska Bystrica, and 150km northeast of the capital, Bratislava. The Project economics and technical viability are highly encouraging, highlighting its potential to become a low cost gold concentrate producer. The Company commissioned Measured Group Pty Ltd. (Measured Group), an independent consultant, to complete the Scoping Study.

The Scoping Study is based on the Measured Group JORC (2012) Mineral Resource model (2021) which includes drilling results from Drill Chamber #1 and #2, but excludes more recent drilling from Drill Chamber #3. This study was aimed at developing scoping study level accuracy evaluations on four mine development options based on opencut mining, underground mining and a combination of the OC and UG mining. Measured Group considered a number of development options for the Sturec Gold Mine, from which it was determined that a combined OC and UG mining operation with a plant throughput of 1.5 Mtpa and mine life of 15 years using tailing co-disposal in waste dumps is the highest value development option.