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The latest update is out from Forrestania Resources Limited ( (AU:FRS) ).
Forrestania Resources has begun hauling ore from its British Hill gold deposit to the wholly owned Lake Johnston processing facility, ahead of planned commissioning of the refurbished plant in 2026. The Lake Johnston plant is being upgraded by Polaris Engineering to deliver an expected capacity of about 3.2 million tonnes per annum, providing a long-term processing hub for internal and potential third-party ore.
The company is working with the Shire of Dundas to use backloaded roadbase from haulage operations to improve sections of the Hyden–Norseman Road, a key regional route for industry and tourism. This collaboration is set to deliver broader public infrastructure benefits while supporting Forrestania’s move into production, strengthening its operational footprint and regional stakeholder relationships.
The most recent analyst rating on (AU:FRS) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian mining company focused on developing gold assets in Western Australia. The company owns the Lake Johnston processing facility and the British Hill gold deposit, positioning itself to process both its own ore and potential third-party material as it advances toward production in 2026.
Average Trading Volume: 4,396,313
Technical Sentiment Signal: Buy
Current Market Cap: A$540.2M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.