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An update from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Kula Gold Limited is set to raise $2.5 million through a strategic placement involving Forrestania Resources Limited and Aquarius Peak Pty Ltd. The funds will support ongoing exploration at the Mt Palmer Gold Project and bolster working capital. This strategic move, including a new partnership with Newcam Minerals Pty Ltd, is seen as pivotal in advancing the project’s scale and enhancing Kula’s position in the Southern Cross belt.
More about Forrestania Resources Limited
Average Trading Volume: 1,327,375
Technical Sentiment Signal: Buy
Current Market Cap: A$118.3M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.