TechGen’s Mt Boggola East Deal Hinges on Success of Historic Untested Copper Targets

Strategic Acquisition Expands TechGen’s Copper Footprint

TechGen Metals Limited has taken a decisive step to bolster its copper-gold-silver portfolio with the acquisition of the Mt Boggola East project, located in the highly prospective Ashburton and Blair Basins of Western Australia. The tenement, covering 63 square kilometres and situated just 60km south of Paraburdoo, sits adjacent to TechGen’s existing Mt Boggola project, effectively filling a critical gap in the company’s landholding.

The acquisition was secured through a Tenement Sale Agreement with Mining Equities Pty Ltd, involving an upfront payment of AUD 100,000 in cash and the issue of approximately 4.65 million shares. Deferred milestone payments are structured to reward exploration success, including cash and share payments upon achieving significant drilling intersections and resource delineation, alongside a 1% net smelter return royalty on future mineral sales.

Historic Drilling Highlights Untapped Potential

What makes Mt Boggola East particularly compelling is the historic drilling data from Newcrest Mining in the early 1990s. Notably, a reverse circulation drill hole at the Stadlers Prospect intersected 9 metres averaging 1.86% copper from 47 metres depth, including a peak grade of 4.6% copper. This mineralisation, associated with malachite and azurite veins, remains open in all directions and has never been followed up, presenting a tantalising exploration target.

Complementing these results are rock chip samples showing peak values of 44.9% copper, 16.2 grams per tonne gold, and 55.2 grams per tonne silver, indicating the presence of high-grade mineralisation at surface. The proximity of the Stadlers Prospect to the Frederick River Fault – a structural feature also near TechGen’s MB1 to MB4 targets – further enhances the geological prospectivity of the area.

Immediate Exploration and Fully Funded Program

TechGen’s Managing Director Ashley Hood emphasised the strategic importance of the acquisition, describing Mt Boggola East as the “missing piece” in the company’s project area. The company plans to commence immediate exploration activities, including geophysical surveys such as electromagnetic and induced polarisation techniques, geological mapping, and geochemical sampling. These efforts will be integrated with the imminent reverse circulation and diamond drilling campaign targeting copper, gold, and silver mineralisation across the broader Mt Boggola region.

Importantly, TechGen confirms it is fully funded for its 2026 exploration program across four core projects, providing the financial flexibility to aggressively pursue the new targets identified at Mt Boggola East. The company’s approach reflects a growing confidence in the region’s potential to host significant sedimentary, intrusive, or shear zone-hosted copper and gold mineral systems.

Looking Ahead, Unlocking Value from a Historic Asset

The acquisition of Mt Boggola East not only expands TechGen’s footprint but also brings with it a wealth of historical data from previous explorers including Newcrest, Sandfire Resources, and C29 Metals. While the historic drilling and sampling provide a strong foundation, the limited number of drill holes (only six prior holes on the tenement) means there is considerable scope for new discoveries and resource definition.

As TechGen embarks on its exploration campaign, the market will be watching closely for assay results and any signs that the historic high-grade copper intersections can be extended or upgraded. Success here could significantly enhance the company’s resource base and valuation, positioning TechGen as a notable player in Western Australia’s copper-gold sector.