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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an announcement.
Forrestania Resources has agreed to acquire three mining leases and one exploration licence at its Mt Dimer Hub from Beacon Minerals for $50,000 in cash, while also securing pre-emptive rights over additional Beacon mining and miscellaneous licences in the same area for a further $150,000. The transactions expand Forrestania’s footprint in a structurally and geologically prospective part of the Marda-Diemals Greenstone Belt, consolidating its land position around Mt Dimer and potentially enhancing its future exploration pipeline and development options by securing tenure along key structures such as the Dimer-Jackson Fault and improving access via established regional infrastructure.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian mineral exploration company focused on gold and other commodities, with assets including the Mt Dimer Hub in the southern Marda-Diemals Greenstone Belt within the Southern Cross Domain of Western Australia’s Yilgarn Craton. Its projects target structurally and geologically prospective greenstone terrains where orogenic gold mineralisation is hosted in Archean quartz lode structures and associated regolith zones.
Average Trading Volume: 1,449,481
Technical Sentiment Signal: Buy
Current Market Cap: A$155.3M
For an in-depth examination of FRS stock, go to TipRanks’ Overview page.