TG1 to earn into new critical minerals project

Our junior exploration Investment TechGen Metals (ASX: TG1) just signed an option and earn-in agreement for a new project prospective for nickel-copper-PGE’s and rare earths.

The new project covers ~573km^2 of ground and the deal is signed with ASX listed Narryer Metals.

The project is still at a very early stage, the first phase of exploration will be focused on reviewing historic exploration data, and geological mapping/rock chip sampling.

Below is where the new projects sit:

What will TG1 be paying for the projects:

At a very high level TG1 is paying $10K for the option and then need to include $450K for exploration expenditure over a four year period.

The full terms are as follows:

What’s next for TG1?

Drilling results from John Bull gold project in NSW 🔄

Going into the drill program we have set up our Bull, Base, and Bear case expectations as follows:

• Bull case = TG1 proves continuity in its discovery to the north/south or at depth with intercepts >10m and gold grades over 1g/t.
• Base case = TG1 proves continuity in its discovery to the north/south or at depth with intercepts <10m and gold grades over 1g/t.
• Bear case = TG1 hits no significant mineralisation to the north/south or at depth of its discovery.