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Forrestania Resources Limited ( (AU:FRS) ) has shared an update.
Forrestania Resources Limited has executed a binding agreement to acquire 100% of the mineral rights, excluding iron ore, across the Mt Dimer, Mt Jackson, and Johnston Range project areas in the Eastern Goldfields region of Western Australia. This acquisition is part of Forrestania’s strategy to consolidate high-quality assets and expand its gold-focused tenure, supporting its medium-term pipeline for the Lake Johnston processing facility. The deal includes upfront cash and shares, with additional structured payments tied to future resource definitions, enhancing Forrestania’s portfolio and its potential for near-term gold production.
More about Forrestania Resources Limited
Forrestania Resources Limited is a company operating in the mining industry, primarily focusing on gold exploration and production. The company is engaged in acquiring and developing high-quality gold assets in Western Australia’s premier gold regions, aiming to generate near-term gold production.
Average Trading Volume: 1,586,634
Technical Sentiment Signal: Buy
Current Market Cap: A$158.1M
See more insights into FRS stock on TipRanks’ Stock Analysis page.