Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Forrestania Resources Limited ( (AU:FRS) ) has issued an update.
Forrestania Resources has commissioned Como Engineers to supply a fully automated modular 5-tonne Pressure Zadra elution and carbon regeneration plant, complete with gold room equipment and reagents, for its planned Lake Johnson gold processing hub. The skid-mounted plant, priced at $5.57 million and due within 30 weeks, will be fully hot tested and pre-commissioned offsite to minimise on-site construction, aiming to accelerate and de-risk the start of gold processing while leveraging Como’s award-winning expertise in modular minerals processing plants.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.57 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 mineral resources company focused on developing gold assets, with plans to establish a gold processing hub at its Lake Johnson project in Western Australia. The company is advancing its downstream processing capabilities by investing in modular gold elution and carbon regeneration infrastructure to support future gold production.
Average Trading Volume: 2,720,059
Technical Sentiment Signal: Buy
Current Market Cap: A$540.7M
Find detailed analytics on FRS stock on TipRanks’ Stock Analysis page.