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An update from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources Limited has announced a maiden JORC Compliant Mineral Resource estimate for its Ada Ann gold deposit, part of the Bonnie Vale project. The estimate reveals an inferred resource of 231,600 tonnes at 1.67g/t gold for 12,419 ounces of gold. This development is a significant milestone for the company, demonstrating its capability to identify and convert prospective ground into valuable assets. With plans for further drilling, the company is optimistic about increasing its resource inventory, which could enhance its market positioning and offer potential benefits to stakeholders.
More about Forrestania Resources Limited
Forrestania Resources Limited operates in the mining industry, focusing on gold exploration and production. The company’s primary project is the Bonnie Vale project near Kalgoorlie, Western Australia, where it aims to become a high-margin gold producer.
Average Trading Volume: 1,321,875
Technical Sentiment Signal: Buy
Current Market Cap: A$57.48M
Learn more about FRS stock on TipRanks’ Stock Analysis page.