Tasman Resources has clarified the reasons behind its recent share price jump, pointing to a significant new investor, upcoming drilling programs, and a rising stake in Eden Innovations. The company reassures the market it remains fully compliant with ASX disclosure rules.
- Substantial investment by 7 Enterprises Pty Ltd sparks market interest
- Pending drilling programs at Titan West and Parkinson Dam projects
- Value of Eden Innovations shareholding rises to $5.8 million
- New mineral exploration claims filed in New Mexico, USA
- Company confirms compliance with ASX Listing Rules
Market Moves Explained
Tasman Resources Limited (ASX – TAS) has responded to an ASX price query following a notable intraday share price increase from $0.031 to $0.051. The company confirmed it is not aware of any undisclosed information that could explain the trading activity, instead attributing the movement to several publicly known factors.
New Investor Interest
Central to the recent trading surge is a substantial shareholder notice lodged by 7 Enterprises Pty Ltd, a prominent new investor whose significant stake was announced on 14 January 2026. This development appears to have attracted third-party investor attention, potentially driving demand for Tasman shares.
Exploration Programs on the Horizon
Tasman is awaiting detailed plans from its joint venture partner regarding a drilling program at the Titan West prospect. Additionally, the company expects to soon announce a timetable for drilling at its Parkinson Dam IOCG and Epithermal Gold and Silver Project in South Australia. These exploration activities are likely to generate further market interest as they progress.
Rising Value in Eden Innovations Stake
Another significant factor is the increased value of Tasman’s investment in Eden Innovations Ltd (ASX – EDE). Following a share placement in December 2025 at $0.035 per share, Eden’s share price climbed to a high of $0.083, boosting the value of Tasman’s holding to approximately $5.8 million. This stake now represents over 40% of Tasman’s market capitalisation, underscoring its material impact on the company’s valuation.
Expansion into New Territories
Further diversifying its portfolio, Tasman has engaged an independent contractor to stake 243 new mineral exploration claims covering around 20 square kilometres in New Mexico, USA. While the claims are currently filed in the contractor’s name, they are expected to be transferred to Tasman upon approval, a process that could take two to three months. The company cautions there is no certainty of obtaining title due to potential prior claims.
Compliance and Transparency
Tasman confirmed full compliance with ASX Listing Rules, particularly continuous disclosure obligations. The company’s board authorised the response to the ASX query, reinforcing its commitment to transparency amid heightened market activity.
Bottom Line?
Tasman’s share price momentum now hinges on forthcoming drilling updates and the outcome of its New Mexico claims.
Questions in the middle?
- When will Tasman announce detailed drilling schedules for Titan West and Parkinson Dam?
- What impact will the new substantial shareholder have on Tasman’s strategic direction?
- Will Tasman secure title to the New Mexico exploration claims amid potential competing claims?