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An announcement from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources has disclosed a change in director Adam Turnbull’s interests, detailing the exercise and transfer of various unlisted options into fully paid ordinary shares. Following the transactions on 25 February 2026, Turnbull’s direct holding increased by 10 million shares to 44.26 million, while his performance rights and indirect shareholding through Premier Waterproofing Pty Ltd remain unchanged.
The notice outlines the disposal of 30 million unlisted options at varying exercise prices and the corresponding value considerations associated with these instruments. The adjustments refine the director’s equity exposure, signalling a shift from derivative-based incentives to a larger direct shareholding, which may be read by investors as stronger alignment with ordinary shareholders’ interests.
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 Ltd is an Australian-listed resources company, focused on mineral exploration and development. The company’s securities include ordinary fully paid shares, unlisted options, and performance rights held by directors and related entities, reflecting a typical capital structure for an exploration-focused issuer.
Average Trading Volume: 2,855,861
Technical Sentiment Signal: Buy
Current Market Cap: A$549.1M
See more data about FRS stock on TipRanks’ Stock Analysis page.