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Timah Resources Limited (ASX:TML)

ALERT: Price-sensitive ASX Announcement for TML
Current share price for TML : $0.047 0.016 (51.61%)+
Announcement
Release
29 Aug 2025 1:01PM
Price at Release
$0.031
Full Release
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Summary
Timah Resources Limited announced an operational update regarding a biogas plant incident involving a 33kV switchgear busbar flashover that occurred on 12 May 2025 at its subsidiary’s plant in Sabah, Malaysia. The repair works were delayed due to extended shipment times from China and completed by 16 August 2025. An attempt to re-energise the plant on 17 August 2025 led to a phase-to-phase short circuit in the 33kV underground cable, with repairs expected to complete by 5 September 2025. The plant has been shut down since the incident, incurring net losses of approximately RM1.6 million. An insurance claim covered repair costs of RM313,199, and mitigation measures have been implemented to prevent recurrence. The incident is materially affecting Q2 and Q3 FY25 financials, but no long-term impacts are expected as operations are anticipated to resume in September 2025.
Key Points
  • Operational update on biogas plant incident.
  • 33kV switchgear busbar flashover on 12 May 2025.
  • Delayed repair due to shipment lead times, completed by 16 August 2025.
  • Re-energisation attempt caused short circuit on 17 August 2025.
  • Plant shutdown resulted in RM1.6 million net losses.
  • Insurance claim covered RM313,199 repair costs.
  • Mitigation measures implemented to prevent recurrence.
  • Material financial impact in Q2 and Q3 FY25, no injuries reported.
  • Operations expected to resume in September 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.