Australia's Tolu Minerals rises on $16.6 million Indonesia-backed investment

Tolu Minerals

22/03/2026 23:57

** Tolu Minerals TOK.AX rises as much as 3.4% to A$1.375; marks biggest intraday pct gain since March 11

** Stock touches highest since March 16

** Gold-silver explorer signs agreement with Indonesia-listed co's PT Petrindo Jaya Kresasi Tbk (Petrindo) and PT Petrosea Tbk (Petrosea)

** Under agreement, Petrindo and Petrosea to subscribe for 14.6 million new shares in TOK at A$1.625/share

** Deal valued at A$23.75 mln ($16.6 mln)

** YTD, TOK broadly flat

($1 = A$1.4269)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))