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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited has lodged details of a proposed non‑pro‑rata offer of unlisted options under a disclosure document, as it moves to issue up to 25,974,027 new options with a three-year term and an exercise price of $0.24. The options are scheduled to be issued on 5 February 2026 following a short offer period closing on 4 February 2026, a move that, if fully taken up and later exercised, would provide additional capital and potentially dilute existing shareholders while supporting the company’s funding flexibility for future operational and exploration plans.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 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 resources company (ASX: FRS). While this filing does not specify its commodity focus, the company operates in the mining and exploration sector and raises capital on the ASX to fund its exploration and development activities.
Average Trading Volume: 2,022,794
Technical Sentiment Signal: Buy
Current Market Cap: A$425.8M
See more insights into FRS stock on TipRanks’ Stock Analysis page.