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TechGen Metals Ltd (ASX:TG1)

ALERT: Price-sensitive ASX Announcement for TG1
Current share price for TG1 : $0.020 -0.011 (-35.48%)+
Announcement
Release
27 Aug 2024 8:38AM
Price at Release
$0.031
Full Release
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Summary
TechGen Metals Limited identified up to 7.05% antimony at the Station Creek Project, located 70km southwest of Paraburdoo in northern Western Australia. Covering 54km2 in the Ashburton Basin and Blair Basin, the project holds significant potential for antimony, a critical mineral for military applications and batteries. Despite no previous focussed exploration for antimony, high-grade rock chips with anomalous levels of antimony were found and remain untested by drilling. TechGen prioritizes ongoing exploration in light of the critical need for antimony.
Key Points
  • TechGen Metals Limited identified up to 7.05% antimony at the Station Creek Project.
  • The Station Creek Project is located 70km southwest of Paraburdoo in northern Western Australia.
  • The project area covers 54km2 and contains sedimentary rock units of the Ashburton Basin and Blair Basin.
  • Antimony is listed as a Critical Mineral by the USA, EU, and Australia.
  • No previous focussed exploration for antimony has been conducted in the area.
  • High-grade antimony rock chips remain untested by drilling.
  • TechGen prioritizes ongoing exploration due to the strategic importance of antimony.
  • Anomalous antimony levels found in rock chips and soil samples in the project area.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.