TG Metals Sees Forrestania Resources Lift Stake to 18.89% After On-Market Purchases

Anjali Anand

05 November 2026 03:14 PM AEDT

TG Metals Sees Forrestania Resources Lift Stake to 18.89% After On-Market Purchases

Image Source: Krish Capital Pty Ltd

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TG Metals Limited (ASX:TG6) has disclosed a change of interests notice from substantial holder Forrestania Resources Limited, which increased its voting power in TG Metals from 17.55% to 18.89% following a series of on-market share acquisitions completed between 21 October and 4 November 2026.

Key Points

Forrestania Resources Limited's voting power in TG Metals increased from 17.55% (23,894,726 shares) to 18.89% (25,716,815 shares).
Two tranches of acquisitions were made: 1,152,225 shares acquired between 21–23 October 2026 for $207,400, and 669,864 shares acquired between 2–4 November 2026 for $113,877.
The change in interests was recorded on 4 November 2026, with the previous notice dated 21 October 2026.
Forrestania holds all 25,716,815 shares as a direct holding and is both the registered and entitled holder of the securities.

Share Acquisitions by Forrestania Resources

According to the filing, Forrestania Resources Limited completed two separate tranches of share acquisitions in TG Metals. The first tranche, conducted between 21 and 23 October 2026, involved the acquisition of 1,152,225 fully paid ordinary shares for total consideration of $207,400. The second tranche, conducted between 2 and 4 November 2026, comprised the acquisition of a further 669,864 fully paid ordinary shares for total consideration of $113,877. Both tranches are described in the filing as acquisitions of fully paid ordinary shares in TG Metals.

Voting Power and Securities Holdings

Following the two tranches of acquisitions, Forrestania Resources Limited holds a total of 25,716,815 fully paid ordinary shares in TG Metals, representing voting power of 18.89%, as disclosed in the filing. This compares to the previous notice, in which Forrestania reported holding 23,894,726 shares, equating to voting power of 17.55%. The filing confirms that Forrestania's entire holding is classified as a direct holding, with Forrestania named as both the registered holder and the person entitled to be registered as holder of the securities.

Filing Details and Signatory

The notice of change of interests of substantial holder was submitted to TG Metals Limited, which holds Australian Company Number 644 621 830. Forrestania Resources Limited, which holds Australian Company Number 647 899 698, is identified as the substantial holder. The notice was signed on 5 November 2026 by David Geraghty in his capacity as Director of Forrestania Resources Limited. No changes in association were reported, and no persons were identified as having become or ceased to be associates of Forrestania in relation to the company.

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