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Forrestania Resources Limited ( (AU:FRS) ) has issued an announcement.
Forrestania Resources Limited has announced a maiden JORC Compliant Mineral Resource estimate for its Ada Ann gold deposit, part of the Bonnie Vale project, with an inferred resource of 231,600 tonnes at 1.67g/t gold for 12,419 ounces. This development is a significant step towards the company’s goal of becoming a high-margin gold producer, demonstrating its capability to identify and develop valuable mining assets. The near-surface mineralization suggests favorable production costs, and further drilling is planned to expand the resource, potentially enhancing the company’s market position and attractiveness to stakeholders.
More about Forrestania Resources Limited
Forrestania Resources Limited is a company in the mining industry, focusing on gold exploration and production. The company is working towards becoming a high-margin gold producer, with its operations primarily centered around the Bonnie Vale project near Kalgoorlie, Western Australia.
Average Trading Volume: 1,321,875
Technical Sentiment Signal: Buy
Current Market Cap: A$57.48M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.