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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an announcement.
Forrestania Resources Limited has acquired the Westonia Project from Kula Gold Limited, a company focused on gold exploration and development. The transaction involves an initial cash payment of $500,000, with an additional $1,000,000 contingent on discovering a JORC-compliant Mineral Resource of at least 100,000 ounces of gold. This divestment allows Kula Gold to concentrate on its Mt Palmer Gold Project, where active drilling is underway.
More about Forrestania Resources Limited
Average Trading Volume: 1,327,375
Technical Sentiment Signal: Buy
Current Market Cap: A$118.3M
For an in-depth examination of FRS stock, go to TipRanks’ Overview page.