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Leaf Resources Limited ( (AU:FGH) ) has issued an update.
Foresta Group Holdings has executed a 30‑year lease, with an additional 20‑year extension option, over its Kawerau site with Putauaki Trust, providing long‑term tenure certainty for its planned integrated biomass manufacturing facility in New Zealand. The lease signing, held at New Zealand’s Parliament and attended by senior political and local representatives, cements the site as the core platform for the company’s regional growth strategy.
During the March quarter, the Kawerau Stage 1 project advanced through its pre‑construction phase, with progress in master scheduling, design work, and governance controls aimed at de‑risking future execution. Foresta also progressed a low‑carbon process heat feasibility study, deepened partnerships with Māori iwi and forestry stakeholders, refined logistics and energy planning via fuel subsidiary Pan Pacific Energy, and ended the period with $4.44 million in cash, underscoring active but disciplined project development.
More about Leaf Resources Limited
Foresta Group Holdings Limited, formerly Leaf Resources, is developing an integrated biomass manufacturing facility in Kawerau, New Zealand, focused on leveraging the country’s forestry sector. The company is positioning itself within the low‑carbon, wood‑based industrial value chain, targeting secure feedstock supply and long‑term site tenure to underpin its operations.
Average Trading Volume: 681,867
Technical Sentiment Signal: Sell
Current Market Cap: A$48.59M
See more data about FGH stock on TipRanks’ Stock Analysis page.