Portfolio wide exploration update

This morning our junior exploration Investment TechGen Metals (ASX: TG1) put out an exploration update across its project portfolio.

Most of the ongoing works are small-scale soil sampling programs that are ultimately looking to firm up drill targets that the company can test with future drill programs.

From today’s announcement, we can expect newsflow from the following projects over the coming weeks:

1) NSW Gold project - Here, TG1 is following up its gold discovery with some field mapping - the company is firming up drill targets to be included in its next round of drilling at the project.

2) WA Copper project - Here, TG1 is planning a mapping/rock chip sampling program around the parts of its project closest to Norwest Minerals ‘Bali copper project’. We note that Norwest recently put out some drill results, and its share price went from ~4.5c per share to a high of just under 8c per share.

TG1 also confirmed that it had soil sampling results due from its nickel/copper/PGE projects in WA, but at this stage, we consider these projects as early stage “side bets”.

At this stage, our focus for TG1 is on the company’s gold project in NSW (John Bull) and its WA Copper projects (Station Creek & Mt Boggola) - all of which the company drilled late last year.

Once the company has firmed up a timeline for its next round of drilling, we are planning an update to our TG1 Investment Memo.

In that Memo, we will detail what we want to see the company achieve next, why we continue to hold TG1 in our portfolio and the key risks to our Investment Thesis. Be on the lookout for this in the coming weeks.