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Forrestania Resources Limited ( (AU:FRS) ) has provided an update.
Forrestania Resources Limited has issued 976,511 ordinary fully paid shares, including 716,667 shares from exercised options and additional shares as consideration for acquisitions, as part of its ongoing expansion strategy. The company continues to pursue acquisitions and negotiations to enhance its portfolio in Western Australia’s gold-rich regions, although there is no guarantee of future agreements, reflecting its commitment to growth and shareholder value.
More about Forrestania Resources Limited
Forrestania Resources Limited (ASX: FRS) is a rapidly growing gold exploration and development company focused on building a portfolio of high-quality projects across Western Australia’s premier mining districts. The company is strategically expanding its footprint across the Southern Cross, Eastern Goldfields, and Forrestania regions through disciplined exploration, selective acquisitions, and a commitment to unlocking the broader potential of these highly prospective belts.
Average Trading Volume: 1,630,675
Technical Sentiment Signal: Buy
Current Market Cap: A$172M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.