Techgen Metals Ltd TG1 IPO Analysis

From the prospectus , company presentation and management interviews

Techgen Metals

SOI 52.5 mil
Cash raised 6 mil
Mcap 10.5 mil
EV 4.5 mil
IPO price 20c
Escrow Management : From 22.5 mil Existing shares(Before the IPO raise) 15 mil Shares are in escrow for 12 to 24 months

COPPER-GOLD EXPLORATION IN WESTERN AUSTRALIA

Highly prospective 100% owned gold and copper exploration projects strategically located in Yilgarn, Paterson and Ashburton in WA:

• Yilgarn: bedrock gold targets drill ready
• Ashburton: stunning copper, gold and silver grades
• Paterson: key geophysical targets (EM, IP & magnetic) being developed

Yilgarn Craton

Bedrock gold targets which are drill ready with POWs for drilling approved

TG1 have two 100% owned gold projects

Ida Valley Project - grassroots gold discovery in a new greenstone belt. Auger soil anomaly to 884 ppb Au & rock chip samples to 6.6g/t Au

El Donna Project - significant gold mineralisation intersected in historic drilling include

3m @ 17.9g/t Au from 96m
21m @ 1.5g/t Au from 341.4m
2m @ 17g/t Au from 36m
Both projects have potential for significant gold discoveries




Paterson Orogen

Key geophysical targets being developed for drill testing

TG1 have two 100% owned projects

Harbutt Range Project - undrilled airborne EM and IP geophysical targets & gold and base metal soil anomalies to be followed-up

North Nifty Project – surface Cu-Pb-Zn-As anomaly at the Hakea Prospect to be followed-up.Projects are under-explored and have potential for significant gold & base metal discoveries

Ashburton Basin


Stunning copper, gold and silver grades.TechGen Metals have three 100% owned projects

Blue Rock Valley Project - historic copper-lead-zinc & copper workings with rock chip samples to 16.05% Cu in a large shear zone

Station Creek Project - multiple anomalies along a 10km long fault with peak rock chip values of 8.8 g/t Au, 257 g/t Ag and 54.3% Cu

Mt Boggola Project - peak rock chips of 43.1 g/t Au, 68% Cu & 119 g/t Ag and limited RC drilling returned a best intercept of 4m @ 2.3% Cu

Airborne EM (VTEM Max) & Magnetics survey to be flown over Ashburton Project areas

Under-explored and highly prospective region for significant gold and base metal discoveries



Exploration Program

TG1 got extremely busy exploration program for the whole year 2021




Conclusion :

TechGen is priced very cheap at 4.5 mil EV and got Three Brownfield projects. They are already drilling and got an extensive drilling program for the whole year. In the bull market we are in , it is extremely hard to find value stocks. There are very few opportunities available out there which got brownfield and drill ready projects with solid grounds under 5 mil EV !

Also worth noting Stock Digital ( Next Investors ) owns 1.25 mil TG1 shares . TG1 might repeat the performance of Stock Digital recent successful Investments i.e. VUL ONE PUR etc.

IMO , TG1 should list at 32c to 35c and with any drilling related good news It can go to 50c in Short Term.

GLTAH

ALL IMO

PLEASE DYOR