Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Brett Smith was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Brett Smith was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Brett Smith was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 04
TG Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. TG Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,181,819
Price\Range: AUD 0.22
Transaction Features: Subsequent Direct Listing Announcement • Oct 23
TG Metals Limited, Annual General Meeting, Nov 28, 2025 TG Metals Limited, Annual General Meeting, Nov 28, 2025. Location: at st martins centre, level 9, 40 st georges terrace, wa, perth Australia Announcement • Sep 23
TG Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. TG Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,181,819
Price\Range: AUD 0.22
Transaction Features: Subsequent Direct Listing Announcement • Aug 29
TG Metals Limited, Annual General Meeting, Oct 01, 2025 TG Metals Limited, Annual General Meeting, Oct 01, 2025. Location: at level 24, 44 st georges terrace, perth, wa 6000 Australia Board Change • Aug 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Brett Smith was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Aug 11
TG Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6 million. TG Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Transaction Features: Subsequent Direct Listing Announcement • Aug 04
TG Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.6 million. TG Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Transaction Features: Subsequent Direct Listing Announcement • Apr 30
TG Metals Limited (ASX:TG6) completed the acquisition of 80% stake operating interest in the Van Uden Gold Project in WA from Montague Resources Australia Pty Limited. TG Metals Limited (ASX:TG6) agreed to acquire 80% stake operating interest in the Van Uden Gold Project in WA from Montague Resources Australia Pty Limited for AUD 3.6 million on March 6, 2025. A cash consideration of AUD 2.5 million will be paid by TG Metals Limited. TG Metals Limited will pay an earnout/contingent payment common equity and of AUD 0.5 million cash. As part of consideration, AUD 3 million is paid towards assets of 80% operating interest in the Van Uden Gold Project in WA. The cash consideration will be financed through existing cash reserves of AUD 3.5 million.
The transaction is subject to approval by regulatory board / committee and listing / approval of new shares on stock exchange.
Steinepreis Paganin acted as legal advisor for TG Metals Limited. Futura Capital acted as financial advisor for TG Metals Limited.
TG Metals Limited (ASX:TG6) completed the acquisition of 80% stake operating interest in the Van Uden Gold Project in WA from Montague Resources Australia Pty Limited on April 30, 2025. Board Change • Feb 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Brett Smith was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Dec 05
TG Metals Limited Ordinary Shares to Be Deleted from OTC Equity TG Metals Limited Ordinary Shares will be deleted from OTC Equity effective December 04, 2024, due to Inactive Security. Announcement • Oct 10
TG Metals Limited, Annual General Meeting, Nov 28, 2024 TG Metals Limited, Annual General Meeting, Nov 28, 2024. Location: at the offices of trident capital, level 24, 44 st georges terrace, perth wa Australia New Risk • Sep 27
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$5.2m 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$5.2m free cash flow). Revenue is less than US$1m (AU$43k revenue, or US$30k). Market cap is less than US$10m (AU$9.60m market cap, or US$6.60m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Jun 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$14.9m market cap, or US$9.93m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Mar 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.69m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$14.6m market cap, or US$9.69m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Dec 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor 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 Share price has been highly volatile over the past 3 months (93% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (AU$48.7m market cap, or US$32.0m). Announcement • Dec 05
TG Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 10.000001 million. TG Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 10.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,333,334
Price\Range: AUD 0.75
Transaction Features: Subsequent Direct Listing Announcement • Nov 29
TG Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 10.000001 million. TG Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 10.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,333,334
Price\Range: AUD 0.75
Transaction Features: Subsequent Direct Listing Announcement • Nov 25
TG Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.098912 million. TG Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.098912 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 395,647
Price\Range: AUD 0.25
Transaction Features: Subsequent Direct Listing Board Change • Oct 27
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. 3 non-independent directors. Independent Non-Executive Chair Richard Bevan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 14
TG Metals Limited, Annual General Meeting, Nov 23, 2023 TG Metals Limited, Annual General Meeting, Nov 23, 2023, at 10:00 W. Australia Standard Time. Location: Trident Capital, Level 24 44 St Georges Terrace, Perth WA Perth Australia Board Change • Apr 14
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. 3 non-independent directors. Independent Non-Executive Chair Richard Bevan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 20
TG Metals Limited Announces New Nickel Sulphide Targets Defined At Lake Johnston in WA TG Metals Limited announced that it has received the results from the recently completed a Slingram Moving Loop Transient Electromagnetic (SMLTEM) geophysical survey at the Lake Johnston Ni-Li-Au Project, located south of the Maggie Hays-Emily Anne nickel sulphide mining centre. The geophysical survey was planned in conjunction with Southern Geoscience Consultants (SGC) with HPEM Geophysical Services acquiring the data using state of the art equipment. Anomalies detected by the survey have been modelled by SGC. The survey has defined nine conductors, including 5 high priority drilling targets for potential nickel sulphides. The survey was targeted based on anomalous surface geochemistry and historical drilling which was previously ignored by past explorers. The modern electromagnetic methods have been able to penetrate deeper than past exploration and are ideally suited to detecting bedrock conductors such as massive sulphide mineralisation below the base of weathering. Of the eleven targeted areas, nine returned anomalies indicative of bedrock conductors. This provides encouragement to extend this modern surface TEM work to other prospective areas on the Lake Johnston Project. 137 Target: 137 is a priority target due to promoted nickel present in two historical RC drillholes LJC136 and LJC137 the deepest intercept (4m @ 1.18%Ni) was at 131 metres downhole and the detected conductor sits 200 metres. The historical oxidized intercepts are located on the basal contact of the Central Ultramafic Unit (CUU) and footwall basalt. The MLTEM survey detected a weak but clear late time response which was unable to be modelled with confidence, however the modelled plate is interpreted to also sit on this important basal contact. Drilling to test this possible conductor is planned beneath the LJRC137 drillhole position and is targeted to intercept the modelled plate at approximately 360 metres below surface. Downhole TEM will also be performed on the proposed drillhole. Previous historical ground TEM in this area did not penetrate to these depths. Highfield Target: The Highfield target produced a strong anomaly that has been confidently modelled as a conductor with high conductance (>5000 Seimens). The conductor remains open to the south with elongated geometry that may define the response of a lava channel trap for nickel sulphides or a sheared remobilised sulphide body. The Highfield target is south of the Mt Glasse (MG) syncline and it is not certain that it lies on the Western Ultramafic (WUU) and may in fact lie on an overturned CUU limb. Consequently, this target is a high priority and due to its elongate nature and relatively short depth extent, two (2) drill holes are planned to test this conductive feature. Downhole TEM will be used to guide the positioning of the second planned drillhole and any further follow-up drilling. MG Syncline Target: The MG Syncline target produced a strong anomaly that has been confidently modelled with a large plate of moderate conductance (2650 siemens). Historical drillhole MGD94-1 drilled above the top of the modelled plate intercepting a potential ultramafic-mafic contact, which due to the synclinal folding in this area may be the basal contact of the CUU. Downhole TEM will be used to guide the positioning a second planned drillhole to the north of this section and any further follow-up drilling. Cathkin South: The Cathkin South target produced a strong anomaly that has been confidently modelled by a plate of high conductance (6350 siemens). The position of the conductor is on the ultramafic unit previously defined as the Western Ultramafic Unit (WUU). This unit has historically been overlooked for nickel prospectivity however the strong response of the conductor warrants drill testing of this never before investigated target. MGC01: The MGC01 conductor also produced a strong anomaly and sits on the WUU, however its proximity to an interpreted fault has downgraded its prospectivity and it is not planned to drill test this target at this stage. LJC101: The LJC101 target produced a very weak late time response that could not be modelled with confidence. The position of the possible conductor is within the CUU which is the historically significant host unit for the Maggie Hays and Emily Anne nickel sulphide deposits to the north. It is also deep at between 300 metres to top and 400 metres vertical to the centre of the modelled plate and as such is not planned to be drill tested yet. MH01: The MH01 target produced an anomaly that has been modelled with low confidence by a plate with moderate conductance at 2900 siemens. The position of the conductor is on previously mapped mafic volcanics however there is also evidence of a gabbro in surface float. Other terrain features lower the prospectivity of this target. However further investigation of the position and size of the gabbro is warranted prior to a drill testing decision. Board Change • Nov 16
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 Chair Richard Bevan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 23
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 Chair Richard Bevan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.