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Forrestania Resources Limited ( (AU:FRS) ) has shared an announcement.
Forrestania Resources has declared a JORC-compliant inferred mineral resource of 2.015 million tonnes at 0.91 grams per tonne for 58,700 ounces of gold at its Burracoppin project in Western Australia. The company highlights that this resource equates to an acquisition cost of about $14 per ounce, reinforcing Burracoppin’s role as a key asset within its Westonia Gold hub.
Located 27 kilometres west of Ramelius Resources’ Edna May gold mine and near established milling options, Burracoppin is central to Forrestania’s hub-and-spoke consolidation strategy in the region. The company plans further resource extension and diamond drilling, supported by an approved programme of work, with the aim of expanding and upgrading the resource to enhance its growing gold development pipeline.
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 exploration and development company focused on gold projects in Western Australia, particularly within its emerging Westonia Gold hub. The company aims to build a gold production and development portfolio by identifying, acquiring and advancing strategic near-surface deposits located close to existing regional processing infrastructure.
Average Trading Volume: 4,064,423
Technical Sentiment Signal: Buy
Current Market Cap: A$652.2M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.