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An announcement from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources Limited has applied to the ASX for quotation of 997,453 new fully paid ordinary shares. The shares are being issued as consideration for the acquisition of a tenement from Mantis Resources Pty Ltd, signaling continued expansion of Forrestania’s exploration asset base and a modest increase in its listed capital.
The new securities, to be quoted under the existing FRS ticker, were issued on 27 March 2026. This move reflects the company’s use of equity to fund strategic tenement acquisitions, which may strengthen its future project pipeline and broaden its footprint in key mineral regions.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.33 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 ASX-listed minerals exploration company, trading under the code FRS. The company focuses on acquiring and developing mineral tenements, expanding its portfolio through targeted transactions in Australia’s resource sector.
Average Trading Volume: 4,097,852
Technical Sentiment Signal: Buy
Current Market Cap: A$441.3M
Learn more about FRS stock on TipRanks’ Stock Analysis page.