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Forrestania Resources Limited ( (AU:FRS) ) has issued an update.
Forrestania Resources Limited has announced an updated timetable for its off-market takeover offer for Kula Gold Limited, which includes a slight procedural delay. The acquisition of Kula Gold is part of Forrestania’s strategy to grow its gold development business, further supported by the recent acquisition of the Lake Johnston Project from Horizon Minerals and an equity injection. This move is expected to enhance Forrestania’s resource base and define a clear pathway to gold production.
More about Forrestania Resources Limited
Forrestania Resources Limited is a rapidly growing gold exploration and development company focused on building a portfolio of high-quality projects across Western Australia’s premier mining districts. The company is strategically expanding its footprint through disciplined exploration and selective acquisitions, with a commitment to unlocking the potential of the Southern Cross, Eastern Goldfields, and Forrestania regions.
Average Trading Volume: 1,472,598
Technical Sentiment Signal: Buy
Current Market Cap: A$102.9M
See more data about FRS stock on TipRanks’ Stock Analysis page.