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The latest announcement is out from Forrestania Resources Limited ( (AU:FRS) ).
Forrestania Resources Limited has completed the first tranche of ordinary share issuances to Kula Gold Limited shareholders who accepted its off-market takeover offer on or before 15 January 2026, marking a key step in advancing its acquisition strategy. Remaining consideration shares for Kula shareholders who accepted after that date will be issued by 12 February 2026 in line with statutory timeframes, with further updates to follow on the completion of the takeover and compulsory acquisition process, which is expected to strengthen Forrestania’s growth trajectory and project pipeline in Western Australia’s gold sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 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 a rapidly growing gold exploration and development company focused on building a portfolio of high-quality projects across Western Australia’s premier mining districts, including the Southern Cross, Eastern Goldfields and Forrestania regions. Led by an experienced board, the company is pursuing disciplined exploration and selective acquisitions to define significant gold resources and expand its gold asset base near established mining operations and historically productive belts.
Average Trading Volume: 1,782,016
Technical Sentiment Signal: Buy
Current Market Cap: A$359.5M
For a thorough assessment of FRS stock, go to TipRanks’ Stock Analysis page.