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Forrestania Resources Limited ( (AU:FRS) ) has issued an update.
Forrestania Resources Limited has lodged a notice of proposed securities issue with the ASX, outlining plans to issue up to 15 million new options under three new classes (FRSOPT19, FRSOPT20 and FRSOPT21) via a placement or similar mechanism, with the proposed issue date of 16 January 2026. The capital-raising initiative, through these additional options, is designed to bolster the company’s funding flexibility for its exploration and development activities, potentially leading to future equity inflows if the options are exercised and signalling continued efforts to support its project pipeline and maintain its position in the competitive junior resources market.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 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-listed exploration company (ASX: FRS) focused on mineral resource projects, operating within the broader resources and mining sector. The company’s activities typically centre on identifying and advancing prospective tenements, positioning it among junior explorers seeking to attract capital through the equity markets for ongoing exploration and project development.
Average Trading Volume: 1,631,119
Technical Sentiment Signal: Buy
Current Market Cap: A$348.7M
See more data about FRS stock on TipRanks’ Stock Analysis page.