Highlights

  • About 20 RC holes for 2,500m are planned at El Donna, with drilling targeted for early November 2026.
  • Dalgaranga airborne survey data has been received and interpretation is underway.
  • Diamond drilling at Blue Devil observed chalcopyrite at 47.7m, with assays pending.
  • Cash stood at A$2.65 million with no borrowings after a $2.7 million placement.

TechGen Metals Limited (ASX:TG1) has released its quarterly report for the period ended 30 September 2026. Managing Director Ashley Hood said the company's immediate focus is on advancing its three gold projects, particularly the upcoming RC drilling campaign at El Donna.

El Donna Drilling Set to Begin

At the El Donna gold project, about 50 km northeast of Kalgoorlie, TechGen plans about 20 RC holes for roughly 2,500m across five priority prospects: Emu Fault, Alluvials, and El Donna 2, 3 and 4. The Programme of Work is approved, earthworks have started and drilling is planned for early November 2026, subject to rig availability.

Historical intercepts at the project include 2m at 17 g/t Au, 2m at 8.23 g/t Au and 5m at 3.34 g/t Au.

Dalgaranga, John Bull and Copper Projects

The Dalgaranga project adjoins and extends along strike from Ramelius Resources' Dalgaranga project and covers the Karbah Shear Zone. Rock chips at the Armstrong Prospect returned up to 39.3 g/t Au. Final airborne magnetic and radiometric data has been received, and interpretation is underway.

At John Bull in NSW, Phase 3 RC drilling is planned pending approvals and access, following earlier results such as 68m at 1 g/t Au. At the Blue Devil and Red Devil copper-gold projects near Halls Creek, the Red Devil shear zone has been extended to 1.8 km. Hole BDDD002 at Blue Devil reached 416.5m with chalcopyrite observed at 47.7m, while BDDD001 at Red Devil reached 375.1m with no copper observed. Assays are pending.

Corporate and Funding

TechGen held A$2.65 million in cash at 30 September 2026, with no borrowings. During the quarter, it completed a $2.7 million placement before costs at $0.016 per share, with attaching options exercisable at $0.036.

Operating and investing outflows were each about $393,000, while financing inflows were $953,000. The estimated funding runway is 2.99 quarters. PKF Perth was appointed auditor from 1 July 2026, and the AGM is scheduled for 10 November 2026.

Key Takeaways

  • El Donna RC drilling is the company's next major catalyst.
  • Dalgaranga survey interpretation and John Bull Phase 3 drilling are progressing.
  • Blue Devil and Red Devil assays remain pending.
  • The $2.7 million placement has strengthened the cash position.