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Forrestania Resources Limited ( (AU:FRS) ) has provided an update.
Forrestania Resources Limited has commenced a 1,300-metre diamond drilling program at its Lady Lila gold project within the Forrestania Hub in Western Australia, the first drilling since the granting of mining lease M77/1325. The campaign is designed to test the extent of the Lady Lila mineralisation along strike and at depth, building on an upgraded mineral resource estimate of 1.2 million tonnes at 1.03 grams per tonne gold for 40,513 ounces, while also generating core for metallurgical and geotechnical studies that will support statutory submissions for project development targeted for late 2026, marking a key step in Forrestania’s broader plan to progress its portfolio toward multi-asset gold production.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 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 (ASX: FRS) is an Australian gold-focused exploration and development company building a pipeline of gold projects across Western Australia’s most prospective districts, including the Forrestania Hub. The company is pursuing a strategy to establish a multi-asset gold production business, advancing projects such as Lady Lila and Ada Ann from exploration toward development and potential mining operations.
Average Trading Volume: 1,512,926
Technical Sentiment Signal: Buy
Current Market Cap: A$232.4M
Learn more about FRS stock on TipRanks’ Stock Analysis page.