Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 11
TechGen Metals Ltd (ASX:TG1) entered into a Tenement Sale Agreement to acquire Mt Boggola East Cu-Au-Ag Project from Mining Equities Pty Ltd for AUD 1.8 million. TechGen Metals Ltd (ASX:TG1) entered into a Tenement Sale Agreement to acquire Mt Boggola East Cu-Au-Ag Project from Mining Equities Pty Ltd for AUD 1.8 million on February 11, 2026. A cash consideration of an immediate cash payment of AUD 0.1 million and the issuance of 4,651,163 shares valued at AUD 0.2 million. Additionally, milestone-based deferred payments are included: upon achieving a 30m drilling intersection at >1% Cu, TechGen will pay AUD 0.25 million in cash and issue AUD 0.25 million worth of shares, subject to shareholder approval. Further, upon delineating a mineral resource of 20 million tonnes at >1% Cu, TechGen will pay AUD 0.5 million in cash and issue AUD 0.5 million worth of shares under similar conditions. A 1% net smelter return royalty on minerals mined from the tenement is also part of the agreement.
The completion of TechGen's acquisition of assets from Mining Equities is contingent upon fulfilling specific conditions precedent. These include the execution of a Deed of Assignment concerning the native title agreement related to the Tenement and obtaining Ministerial consent for the Tenement transfer as per section 64 of the Mining Act. Once these conditions are satisfied or waived, the completion is scheduled to occur within 5 business days. Recent Insider Transactions • Dec 30
MD & Director recently bought AU$56k worth of stock On the 29th of December, Ashley Hood bought around 2m shares on-market at roughly AU$0.032 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ashley has been a buyer over the last 12 months, purchasing a net total of AU$90k worth in shares. Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 17
TechGen Metals Ltd, Annual General Meeting, Nov 12, 2025 TechGen Metals Ltd, Annual General Meeting, Nov 12, 2025. Announcement • Sep 10
TechGen Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.2 million. TechGen Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,799,856
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,311,255
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,555,556
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 31
TechGen Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.570385 million. TechGen Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.570385 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,799,139
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Features: Attached Options
Transaction Features: Rights Offering Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 10
TechGen Metals Ltd, Annual General Meeting, Nov 29, 2024 TechGen Metals Ltd, Annual General Meeting, Nov 29, 2024. New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m (AU$21k revenue, or US$15k). Market cap is less than US$10m (AU$4.48m market cap, or US$3.05m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). New Risk • Mar 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Revenue is less than US$1m (AU$21k revenue, or US$14k). Market cap is less than US$10m (AU$4.96m market cap, or US$3.26m). Announcement • Dec 15
TechGen Metals Ltd, Annual General Meeting, Jan 16, 2024 TechGen Metals Ltd, Annual General Meeting, Jan 16, 2024, at 10:00 W. Australia Standard Time. Location: Mining Corporate Board Room, Level 8, 216 St Georges Terrace, Perth WA 6000 Australia Agenda: To consider Ratification of Tranche 1 Placement Shares; to consider Approval of Tranche 2 Placement Shares; to consider Approval of Free-Attaching Placement Options; and to consider Approval of Director Performance Rights; to consider. New Risk • Nov 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m (AU$14k revenue, or US$9.5k). Market cap is less than US$10m (AU$8.46m market cap, or US$5.60m). Announcement • Nov 23
TechGen Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.798 million. TechGen Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.798 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 49,964,287
Price\Range: AUD 0.056
Discount Per Security: AUD 0.00336
Transaction Features: Subsequent Direct Listing Board Change • Nov 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 02
TechGen Metals Ltd, Annual General Meeting, Nov 24, 2023 TechGen Metals Ltd, Annual General Meeting, Nov 24, 2023. Agenda: To consider election of Directors. New Risk • Sep 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Shares are highly illiquid. Earnings have declined by 33% per year over the past 5 years. Revenue is less than US$1m (AU$7.6k revenue, or US$4.8k). Market cap is less than US$10m (AU$2.24m market cap, or US$1.43m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (45% increase in shares outstanding). Board Change • Jul 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 14
TechGen Metals Ltd, Annual General Meeting, Aug 16, 2023 TechGen Metals Ltd, Annual General Meeting, Aug 16, 2023, at 09:00 W. Australia Standard Time. Location: Level 8, 216 St Georges Terrace, Perth, WA 6000 Perth Western Australia Australia Agenda: To consider Ratification of Prior Issue of Placement Shares; to consider Approval to Issue Free-Attaching Placement Options; and to consider Approval to Issue Lead Manager Options. Announcement • Jun 14
TechGen Metals Ltd (ASX:TG1) completed the acquisition of Jackadgery gold project in New South Wales from Black Dragon Energy (Aus) Pty Ltd, Chrissie McClatchie and Andrew Sloot AUD 0.23 million. TechGen Metals Ltd (ASX:TG1) entered into an agreement to acquire Jackadgery gold project in New South Wales from Black Dragon Energy (Aus) Pty Ltd, Chrissie McClatchie and Andrew Sloot for AUD 0.13 million on May 16, 2022. Under the binding term sheet, TechGen will be given the option to acquire a 90% interest of EL 8389, plus will take on a 100% legal and beneficial interest in EL 9121 from Black Dragon. As of June 6, 2022, TechGen Metals acquired 100% interest in EL 9121.TechGen Metals Ltd (ASX:TG1) completed the acquisition of Jackadgery gold project in New South Wales from Black Dragon Energy (Aus) Pty Ltd, Chrissie McClatchie and Andrew Sloot AUD 0.23 million on June 12, 2023. TechGen now holds 90% of EL8389 and 100% in EL9121. As part of the acquisition, upfront consideration of AUD 0.133 million worth of shares in TechGen (“Initial Consideration Shares”) and on 12 June 2023 the final cash consideration of AUD 0.1 million was paid to complete the exercise of the option, for TechGen to complete the acquisition of 90% interest in tenement EL8389. Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 17
Techgen Metals Ltd Provides an Exploration Progress Update Across Its Active Portfolio of Strategic and Highly Prospective Exploration Projects TechGen Metals Ltd. provide an exploration progress update across its active portfolio of strategic and highly prospective exploration projects. A number of projects currently have works underway and/or are awaiting results prior to the next phase of work commencing. The Company's maiden gold discovery at John Bull, NSW, was a standout success. All 7 drill holes returned assays of greater than 1 g/t Au including broad mineralised intersections of 68m @ 1.0 g/t Au, including 23m @ 2.02 g/t from surface (hole JBRC001), and 66m @ 1.14 g/t Au from 32m. Outstanding first pass soil sampling results were released in November from a sampling program designed to step out in all directions away from the recently completed RC drilling. Soil results returned a standout peak soil result of 8.56 g/t gold with thirty-eight (38) soil samples returning values + 1 g/t gold. Two broad zones of + 0.1 g/t Au (100 ppb Au) soil anomalism were identified. Zone 1, which includes the RC drilling area, extends over an area of 550 metres x 275 metres & Zone 2, to the southwest of Zone 1, extends over an area of 250 metres x 150 metres. Both the soil anomaly zones remain open. Results from the final 157 soil samples are still awaited. Field mapping and planning for a follow-up drilling program (Stage 2) is currently underway. The drilling program, likely to consist of both reverse circulation (RC) and diamond drilling, will step out to the north and south of the previous single RC drill line and also investigate the recently identified intrusive rock types to assess any possible relationship to the gold mineralisation. Planning for field mapping combined with rock chip sampling is underway to test structural and geochemistry targets. A targeting study, completed by PGN Geoscience, identified a number of targets for immediate follow up and the target areas potential has been increased based on recent mapping by neighbouring Norwest Minerals Limited who reported the V1, V2 and V3 targets trending southeast towards the Company's Station Creek Project. Assay results from an ultra-fine fraction soil sampling program along 22 east-west sample lines, totalling 434 samples, completed in mid-December 2022 are awaited. The program was designed to infill previously identified Ni-Cu-PGE and Gold targets and to cover the structurally favourable northern part of a mafic-ultramafic intrusive complex which historically has not been subject to systematic exploration. Interpretation of airborne magnetic data highlighted a 25km x 4km long magnetic feature running NE-SW up the eastern side of E20/1022 and offset structurally but continuing into E09/2699 as a mafic-ultramafic intrusive complex and thus an area of high interest for Ni-Cu-PGE exploration. The mafic/ultra-mafic Narryer Dome magnetic feature is mostly covered by alluvial sand cover and little outcrop occurs across the area. The Cyclops Project has three high-priority untested airborne EM anomalies that have coincident magnetic highs. The previous airborne EM data is currently being plate modelled in preparation for drill testing. The EM targets, Cyclops 1 - 3 Prospects, are located in an area where previous rock chip sampling and regional drilling confirmed the presence of ultramafic rock types. Platypus Minerals Ltd. collected a rock chip sample (Sample P702234) in 2015 approximately 150 metres from the Cyclops 2 Prospect which assayed 0.1% Ni and 0.2% Cr confirming the presence of ultramafic rocks close to the high-priority EM targets. RC drilling in the area in 1972 by Carpentaria Exploration Company Pty Ltd. returned an intersection of 111m @ 0.2% nickel from surface to end of hole confirming the presence of ultramafic rocks (Hole PH5). The Cyclops 1 - 3 Prospects have not previously been drilled. The 3 EM targets sit close to geological contacts between the Archean-aged Dalton Suite (intrusive mafic & ultramafic units), Mount Roe Basalt (basalt and sedimentary units) and Hardey Formation (sedimentary & felsic volcanic units) and are considered prospective locations for the occurrence of mafic-ultramafic hosted Ni-Cu-PGE mineralisation. Planning to test anomalous rare earth element (REE) and radiometric areas is underway. Assay results of rock chip samples collected previously as part of the Company's base metal and gold exploration program returned highly anomalous REE results for both Cerium (Ce) and Lanthanum (La). Seventeen sample pulps were selected and sent for specific REE testing as a first pass evaluation of the potential of the area. The results are considered highly encouraging given REE style geology was not being targeted during the initial sample collection. REE assay results Total Rare Earth Oxide (TREO) for these samples range from 48 ppm to 1,885 ppm. Three samples, MB10, MB24 & MB30, returned TREO results of over 1,000 ppm. The Radiometric open file data for thorium, uranium & potassium was processed by Southern Geoscience Consultantsacross the project area. This work highlighted a robust thorium anomaly in the southwestern project area. Limited geological information is currently available on the anomaly areas however it represents key REE targets. No previous exploration is recorded in the anomaly areas. Board Change • Dec 29
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Executive Technical Director Andrew Jones is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Nov 16
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Executive Technical Director Andrew Jones is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman of the Board Maja McGuire was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Apr 28
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Technical Director Andrew Jones is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
