Response to ASX Price Query
Released
Released
Announcement PDF
ASX:DY6
8 July 2025
By Email to: ListingsCompliancePerth@asx.com.au
Response to ASX Price-Query Letter
DY6 Metals Ltd (ASX: DY6) (DY6 or the Company) refers to the ASX aware letter it received
from ASX on 4 July 2025 and provides the following in response to the questions asked by
ASX in that letter:
1.
Is DY6 aware of any information concerning it that has not been announced to the
market which, if known by some in the market, could explain the recent trading in its
securities?
Yes. At the time of the price-query letter, the Company was in negotiations with certain
vendors for the acquisition of additional mining licences in Cameroon near the
Company’s existing tenements (Acquisition). At this time, a submission was already
made by the Company to the ASX setting out the details of the proposed Acquisition,
seeking ASX’s approval to proceed based on draft terms. At this time, the Board was
of the belief that there was no breach of confidentiality.
However, given the share price and volume increase of Peak Minerals (PUA) shares
in recent weeks (which holds projects adjacent to the Company’s ground in Cameroon)
this would explain the price increase in the Company’s shares.
2.
If the answer to question 1 is “yes”.
(a) Is DY6 relying on Listing Rule 3.1A not to announce that information under Listing Rule
3.1? Please note that the recent trading in DY6’s securities would suggest to ASX that
such information may have ceased to be confidential and therefore DY6 may no longer
be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”,
you need to contact us immediately to discuss the situation.
Yes.
(b) Can an announcement be made immediately? Please note, if the answer to this
question is “no”, you need to contact us immediately to discuss requesting a trading
halt (see below).
No. Hence the trading halt and subsequent release to the market of the ASX
announcement in relation to the Acquisition.
Registered Office
Level 8, 99 St Georges Terrace
Perth WA 6000
P: +61 8 486 4036
E: info@dy6metals.com
dy6metals.com
(c) If an announcement cannot be made immediately, why not and when is it expected
that an announcement will be made?
As above. The Company has made an announcement to the market today in relation
to the Acquisition.
3.
If the answer to question 1 is “no”, is there any other explanation that DY6 may have
for the recent trading in its securities?
N/A. However, given the share price and volume increase of Peak Minerals (PUA)
shares in recent weeks (which holds projects adjacent to the Company’s ground in
Cameroon) this would explain the price increase in the Company’s shares.
The Company also notes its own announcements on 23 June 2025 and 30 June 2025
regarding results of the Company reconnaissance exploration program.
4.
Please confirm that DY6 is complying with the Listing Rules and, in particular, Listing
Rule 3.1.
Confirmed. The Board is of the belief that the Company is in compliance with the Listing
Rules, and in particular, Listing Rule 3.1, and that confidentiality with respect to the
Acquisition was maintained.
5.
Please confirm that DY6’s responses to the questions above have been authorised
and approved under its published continuous disclosure policy or otherwise by its
board or an officer of DY6 with delegated authority from the board to respond to ASX
on disclosure matters.
Confirmed.
This response has been approved for release by the Board of DY6.
Mr Daniel Smith
Mr John Kay
Executive Chairman
Director & Company Secretary Investor Relations
dan.smith@dy6metals.com john.kay@dy6metals.com
Mr Luke Forrestal
+61 411 479 144
dy6metals.com | ASX:DY6
2
4 July 2025
Reference: 110671
Mr John Kay
Company Secretary
DY6 Metals Ltd
C/- Minerva Corporate Level 8, 99 St Georges Terrace, Perth WA 6000
By email: john.kay@dy6metals.com
Dear Mr Kay
DY6 Metals Ltd (‘DY6’): Price – Query
ASX refers to the following:
A. The change in the price of DY6’s securities from a low of $$0.16 to an intra-day high of $0.21 today, 4 July
2025.
Request for information
In light of this, ASX asks DY6 to respond separately to each of the following questions and requests for
information:
1. Is DY6 aware of any information concerning it that has not been announced to the market which, if known
by some in the market, could explain the recent trading in its securities?
2. If the answer to question 1 is “yes”.
(a)
Is DY6 relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in DY6’s securities would suggest to ASX that such
information may have ceased to be confidential and therefore DY6 may no longer be able to rely
on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us
immediately to discuss the situation.
(b)
Can an announcement be made immediately? Please note, if the answer to this question is “no”,
you need to contact us immediately to discuss requesting a trading halt (see below).
(c)
If an announcement cannot be made immediately, why not and when is it expected that an
announcement will be made?
3. If the answer to question 1 is “no”, is there any other explanation that DY6 may have for the recent trading
in its securities?
4. Please confirm that DY6 is complying with the Listing Rules and, in particular, Listing Rule 3.1.
5. Please confirm that DY6’s responses to the questions above have been authorised and approved under its
published continuous disclosure policy or otherwise by its board or an officer of DY6 with delegated
authority from the board to respond to ASX on disclosure matters.
When and where to send your response
This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in
any event, by no later than 12:40 PM AWST Friday, 4 July 2025. You should note that if the information
requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall
ASX Limited [[Listings]]
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within the exceptions mentioned in Listing Rule 3.1A, DY6’s obligation is to disclose the information
‘immediately’. This may require the information to be disclosed before the deadline set out in the previous
paragraph and may require DY6 to request a trading halt immediately.
Your response should be sent to me by e-mail at ListingsCompliancePerth@asx.com.au. It should not be sent
directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that
it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements
Platform.
Trading halt
If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes”
and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to
request a trading halt in DY6’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:
•
the reasons for the trading halt;
•
how long you want the trading halt to last;
•
the event you expect to happen that will end the trading halt;
•
that you are not aware of any reason why the trading halt should not be granted; and
•
any other information necessary to inform the market about the trading halt, or that we ask for.
We require the request for a trading halt to be in writing. The trading halt cannot extend past the
commencement of normal trading on the second day after the day on which it is granted. You can find further
information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.
Suspension
If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in DY6’s
securities under Listing Rule 17.3.
Listing Rules 3.1 and 3.1A
In responding to this letter, you should have regard to DY6’s obligations under Listing Rules 3.1 and 3.1A and
also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B. It should be noted that DY6’s obligation
to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the
questions set out in this letter.
Release of correspondence between ASX and entity
ASX reserves the right to release all or any part of this letter, your reply and any other related correspondence
between us to the market under Listing Rule 18.7A.
Yours sincerely
ASX Compliance
2/2
ASX Customer Service Centre 131 279 | asx.com.au
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