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Techgen Metals (ASX:TG1) is about to put a drill bit into ground that has never been drilled — despite rock chips grading up to 52.3% copper and 5.35g/t gold at surface.
Managing Director Ashley Hood joins us to walk through the maiden diamond drilling program at the Blue Devil Copper-Gold Project in WA's Kimberley, why earlier explorers walked past it, and what modern geophysics revealed that changed TechGen's conviction.
We cover the two targets — the 2.75km-long airborne EM conductor at Blue Devil sitting ~200m deep, and the strong IP chargeability anomaly and copper gossans at Red Devil — plus what a "success" actually looks like at each, and how representative those headline grab-sample grades really are of what's at depth.
Ashley also addresses the harder questions: whether two holes can properly test targets of this scale, the deposit models on the table (porphyry Cu-Au, IOCG, intrusion-related gold, skarn), the recently oversubscribed A$2.7M placement at 1.6c with free attaching options, and whether a ~A$12M market cap company can genuinely fund five drilling programs across three states.
In this conversation:
- Where Blue Devil sits, and why it's been called "the one we've been waiting for" since IPO
- What the airborne EM and IP surveys revealed across a ~195km² landholding
- Extending the Red Devil shear zone to 1.8km, and fresh chips of 42.6% Cu and 4.56g/t Au
- Managing expectations around selective grab samples from gossanous outcrop
- POW approval, heritage clearance with Traditional Owners, pads built — what's left before the rig turns
- WA Government EIS co-funding and how it shapes hole prioritisation
Regional context: Savannah, Copernicus and Koongie Park as analogues
- The A$2.7M raise, Tranche 2 shareholder approval, and the 3.6c options expiring 2028
- Cash position
- Dalgaranga: second-largest landholder behind Ramelius, 8km from their plant, tenure still at application
- John Bull (NSW) drilling update
- First assays and news-flow cadence through H2 2026
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