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Australia explorer TechGen launches prospectus ahead of March IPO

March 3, 2021

Australia explorer TechGen launches prospectus ahead of March IPO

Gold and copper explorer TechGen Metals has issued its prospectus ahead of an indicative end-March IPO date. Click here to view the Prospectus and for the opportunity to participate in this IPO. 

Gold and copper explorer TechGen Metals has issued its prospectus ahead of an indicative end-March IPO date. Click here to view the Prospectus and for the opportunity to participate in this IPO. 

The junior company currently owns seven exploration licenses covering almost 1000km2 across three highly prospective yet geographically distinct regions within Western Australia.

These regions are the Paterson Orogen, Yilgarn Craton, and Ashburton Basin.

Both the Paterson Orogen and the Yilgarn Craton are proven world-class provinces for gold and base metals, while the Ashburton Basin is considered highly prospective, but under-explored.

The focus of TechGen’s operations will be initially be on its gold projects, and will include test drilling and geochemical analysis particular at its El Donna and Ida Valley projects.

 

Copper at beginning of supercycle

Although TechGen’s initial focus is on its gold projects, the company’s exploration areas also include significant copper assets – results from one rock chipping sample taken at the Station Creek Prospects yielded results of 54.3% copper.

These findings come at a time when copper is selling for upwards of USD $4.37 per pound as at 25 February – close to the historic high set in 2011, when the price hit USD $4.58 per pound.

 

The price of copper is within striking distance of all-time highs. Source: Kitco

 

Goldman Sachs have also upgraded their 12 month price target for the red metal, lifting it to $10,500 per tonne, eclipsing the USD $10,190 per tonne record set on the London Metals Exchange in 2011

Analysts say the gains could be the start of a new commodities ‘supercycle’ – effectively an extended boom in certain commodities’ prices – driven by investment into green and renewable energy infrastructure

 

To start an application and participate in TechGen Metal’s IPO click here.

We also recently hosted a live investor briefing with TechGen’s Managing Director Ashley Hood. Click here to watch a recording.

 

The IPO of securities in TechGen Metals Limited will be made in, or accompanied by, a copy of the prospectus available here. You should consider the prospectus in deciding whether to acquire the securities and anyone acquiring the securities will need to complete the application form that will be in or will accompany the prospectus. Reach Markets are the advisers assisting with the distribution of this offer and may receive fees if an application is made by investors.

Past performance is not a reliable indicator of future performance. 

Souces:


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