TG Metals Limited has clarified that its recent share price and volume spike is linked to Forrestania Resources acquiring a near 10% stake, while metallurgical test results are expected shortly.
- Forrestania Resources acquires 9.8% stake in TG Metals
- No undisclosed information explaining recent trading activity
- Metallurgical testwork results pending, expected week of 22 September 2025
- Strict confidentiality maintained until official announcement
- Company confirms compliance with ASX continuous disclosure rules
Background to the Price Movement
TG Metals Limited (ASX – TG6) recently experienced a notable increase in its share price, rising from $0.22 to $0.26, accompanied by a significant surge in trading volume. This unusual market activity prompted the Australian Securities Exchange (ASX) to issue a price query, seeking clarification on whether any undisclosed information might be influencing investor behaviour.
Company Response and Market Disclosure
Pending Metallurgical Testwork Results
Alongside the ownership update, TG Metals disclosed that it has metallurgical testwork results pending from IMO Laboratories. Samples were submitted in late August, with final assays expected during the week commencing 22 September 2025. The company emphasised strict confidentiality protocols surrounding these results, which remain known only to TG Metals and its consultants until the official release. These test results could provide important insights into the quality and processing characteristics of the company’s mineral resources, potentially influencing future operational and investment decisions.
Regulatory Compliance and Market Integrity
TG Metals reaffirmed its commitment to continuous disclosure obligations under ASX Listing Rules, confirming that all responses were authorised by the board and that the company remains compliant with regulatory requirements. This transparency helps maintain market integrity and investor confidence amid periods of heightened trading activity.
Looking Ahead
Investors and analysts will be closely watching the imminent release of the metallurgical testwork results, which could provide fresh impetus for the stock. Meanwhile, Forrestania Resources’ strategic stakeholding raises questions about potential future collaborations or corporate developments within the metals exploration sector.
Bottom Line?
TG Metals’ share price surge is grounded in a major new investor and pending test results, setting the stage for a pivotal market update.
Questions in the middle?
- What will the metallurgical testwork results reveal about TG Metals’ resource quality?
- Does Forrestania Resources plan to increase its stake or influence TG Metals’ strategic direction?
- Could the test results trigger operational changes or new project developments?