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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited has notified the ASX of a proposed issue of up to 736,314 ordinary fully paid shares. The shares are to be issued as part of a placement or similar capital-raising structure, with a proposed issue date of November 25, 2026.
The company has applied for quotation of the new securities on the ASX in line with listing rule requirements. This planned issuance will modestly expand Forrestania’s share base and is likely aimed at strengthening its capital position to support ongoing corporate or exploration activities.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 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 focused on discovering and developing mineral resources. Its ordinary fully paid shares trade on the ASX under the ticker FRS, providing investors with exposure to the resources sector and related exploration activities.
Average Trading Volume: 2,835,573
Technical Sentiment Signal: Buy
Current Market Cap: A$548.5M
Find detailed analytics on FRS stock on TipRanks’ Stock Analysis page.