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Leaf Resources Limited ( (AU:FGH) ) has issued an update.
Foresta Group Holdings has executed a long-term lease with the Putauaki Trust for its Kawerau site in New Zealand, following satisfaction of conditions under a prior agreement. The lease, commencing 1 March 2026, runs for 30 years with an option for a further 20 years, underscoring the company’s commitment to establishing a significant industrial presence in the region.
A formal signing ceremony at New Zealand’s Parliament, attended by senior government figures and local officials, highlighted the strategic importance of the deal. The lease provides a stable platform for Foresta’s integrated biomass manufacturing facility in Kawerau and marks a major milestone in advancing its regional growth and production plans.
The most recent analyst rating on (AU:FGH) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Leaf Resources Limited stock, see the AU:FGH Stock Forecast page.
More about Leaf Resources Limited
Foresta Group Holdings Limited is a pine chemical and biomass pellet manufacturing company focused on natural and renewable products. It has developed a proprietary process that uses the tree’s own solvent chemicals to extract rosin and terpenes, key industrial inputs used in adhesives, gums, inks, paints, car tyres and perfumes, and aims to become a leading global supplier in these markets.
Average Trading Volume: 1,193,748
Technical Sentiment Signal: Hold
Current Market Cap: A$80.02M
See more insights into FGH stock on TipRanks’ Stock Analysis page.