TG1 puts out exploration update

Published 05-MAY-2025 12:52 P.M.

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Our $3.8M capped exploration Investment TechGen Metals (ASX: TG1) just put out an exploration update across its project portfolio.

The update was across TG1’s copper and gold projects.

Here were our key takeaways from today’s announcement:

1. Heritage meetings booked in for the Blue Devil Copper-Gold Project in WA -

This is the big copper-gold target that we are looking forward to seeing TG1 drill.

Before drilling, TG1 needs to get the project permitted.

In today’s announcement TG1 confirmed that heritage meetings were set for the second week of May (next week) - heritage surveys are a precursor for the project being permitted.

So far for this project TG1 has EM anomalies lining up with rock chip samples taken that returned copper grades as high as 50.5% copper and 18g/t gold.

Here is a cross section of the EM conductors:

And here is an image overlaying where the rock chip samples were taken from, relative to the EM conductors:

2. Aircore drilling at El Donna gold project to start in Mid-May

TG1 confirmed that drilling at its El Donna project would start in the middle of this month.

Here TG1 will be doing ~4,000m of aircore drilling following up previous intercepts which returned ~2m at 17g/t gold from 36m.

Being an aircore program our base case expectation here isn't a major discovery, a good result from this program will be if TG1 find more gold in and around the old data that warrants coming back to do more drilling.

Drilling is only expected to take ~2-3 weeks to finish so we should get some results from this project inside the next 2-3 months.

3. Soil sampling from Agnew gold project completed, results coming soon

This is TG1’s project that is close to ASX listed Metal Hawk’s project in WA.

Metal Hawk recently put out good drill results from it’s project and has seen it’s share price move ~10x higher since August last year