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Forrestania Resources Limited
(Sydney:FRS)
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Rating:44Neutral
Price Target:
AU$0.37
â–²(23.00% Upside)
Action:Reiterated
Date:07/02/26
The score is primarily weighed down by pre-revenue financial performance with recurring losses and sustained negative operating/free cash flow despite a low-debt balance sheet. Technicals add risk due to a weak trend (price below key moving averages and negative MACD), while oversold indicators offer only limited support. Valuation is difficult to assess given negative earnings and no dividend yield data.
Positive Factors
Balance-sheet strength (low leverage)
No reported debt across 2022–2025 provides durable financial flexibility for an exploration company. Low leverage reduces bankruptcy risk and preserves optionality to pursue farm-outs, JV deals or staged spending without immediate debt service, supporting multi‑month exploration programs.
Negative Factors
Pre-revenue business model
Zero revenue across multiple years means the firm lacks recurring operating cash inflows and remains fully dependent on external financing or asset sales. This structural profile creates binary outcomes tied to exploration success and increases the timeline and risk to sustainable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength (low leverage)
No reported debt across 2022–2025 provides durable financial flexibility for an exploration company. Low leverage reduces bankruptcy risk and preserves optionality to pursue farm-outs, JV deals or staged spending without immediate debt service, supporting multi‑month exploration programs.
Read all positive factors
Forrestania Resources Limited (FRS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$602.88M
Dividend YieldN/A
Average Volume (3M)1.46M
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue GrowthN/A
EPS Growth-20.30%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,586,518,600
10 Day Avg. Volume1,318,802
30 Day Avg. Volume1,455,797
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)2.57
Price to Sales (P/S)0.00
P/FCF Ratio-9.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.25Price Target Upside316.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Forrestania Resources Limited Business Overview & Revenue Model
Company Description
Based in West Perth, Australia, and established in 2021, Forrestania Resources Limited is actively involved in the exploration and development of mineral projects throughout Western Australia. The company primarily targets gold, lithium, and nicke...
How the Company Makes Money
FRS primarily makes money through value creation in mineral exploration rather than through recurring operating revenue. Typical monetisation pathways for an exploration company include: (1) progressing exploration targets through geological mappi...
Forrestania Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.66K | -3.74K | -30.92K | -70.89K | -36.63K | 0.00 |
| EBITDA | -13.58M | -881.06K | -5.90M | -1.58M | -2.08M | -203.81K |
| Net Income | -9.85M | -1.42M | -5.93M | -1.65M | -2.12M | -205.58K |
Balance Sheet | ||||||
| Total Assets | 108.41M | 7.48M | 6.29M | 10.16M | 6.99M | 217.42K |
| Cash, Cash Equivalents and Short-Term Investments | 9.15M | 920.39K | 459.04K | 2.12M | 1.59M | 22.31K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 197.64K |
| Total Liabilities | 44.70M | 461.12K | 178.38K | 805.45K | 196.09K | 365.50K |
| Stockholders Equity | 55.41M | 7.02M | 6.11M | 9.35M | 6.80M | -148.08K |
Cash Flow | ||||||
| Free Cash Flow | -2.49M | -1.82M | -1.16M | -3.87M | -3.46M | -89.19K |
| Operating Cash Flow | -1.78M | -583.99K | -1.15M | -1.30M | -1.07M | -61.69K |
| Investing Cash Flow | -20.99M | -1.24M | -1.95M | -2.56M | -2.39M | -27.50K |
| Financing Cash Flow | 29.14M | 2.28M | 1.45M | 4.40M | 5.02M | 111.50K |
Forrestania Resources Limited Technical Analysis
Negative
0.30
Price Trends
0.50
Negative
0.51
Negative
0.42
Negative
Market Momentum
-0.03
Positive
26.87
Positive
15.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRS, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.44, below the 50-day MA of 0.50, and below the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 26.87 is Positive, neither overbought nor oversold. The STOCH value of 15.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FRS.
Forrestania Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$606.19M | 24.27 | 8.08% | ― | 13.26% | 33.59% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$404.83M | -67.42 | -4.78% | ― | ― | 19.27% | |
46 Neutral | AU$457.46M | -28.03 | -8.63% | ― | ― | 29.23% | |
44 Neutral | AU$602.88M | -15.31 | -31.56% | ― | ― | -20.30% | |
44 Neutral | AU$656.97M | -28.46 | -27.45% | ― | ― | 11.97% | |
43 Neutral | AU$306.37M | -3.79 | -117.09% | ― | ― | -432.83% |
* Basic Materials Sector Average
AU:FRS
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Forrestania Resources Limited Corporate Events
Forrestania Issues New Shares for Brokerage as Acquisition Talks Continue
Jul 13, 2026
Forrestania Resources Limited has issued 5,930,970 fully paid ordinary shares as consideration for brokerage services provided by Bell Potter Securities, Aitken Mount Capital Partners and MST Financial, linked to the first tranche of an equity rai...
Forrestania Resources Seeks ASX Quotation for 5.9 Million New Shares
Jul 13, 2026
Forrestania Resources Limited has applied for quotation of 5,930,970 new ordinary fully paid shares on the Australian Securities Exchange. The securities, issued on July 13, 2026, expand the company’s listed share capital and may provide add...
Forrestania Director Lifts Stake with $3.27m On-Market Share Purchase
Jul 13, 2026
Forrestania Resources has disclosed a significant change in director David Geraghty’s holdings, with an on-market purchase of 9,060,000 fully paid ordinary shares through an entity controlled by his spouse. The transaction, valued at about $...
Forrestania Director Boosts Shareholding with $3.27m On-Market Buy
Jul 13, 2026
Forrestania Resources Ltd has disclosed a significant change in the holdings of director David Geraghty, reflecting increased investment in the company’s ordinary shares. Through indirect interests held via related entities, Geraghty acquire...
Forrestania Resources Completes Major Share Placement and Issues Cleansing Notice
Jul 8, 2026
Forrestania Resources Limited has completed a share placement of 237,238,800 fully paid ordinary shares at $0.40 each to local and offshore institutional and sophisticated investors, conducted under ASX Listing Rules 7.1 and 7.1A. The company issu...
Forrestania Resources Applies for Quotation of New ASX Shares
Jul 8, 2026
Forrestania Resources Limited has lodged an application with the ASX for quotation of 237,238,800 ordinary fully paid shares, to be issued on July 8, 2026. The move formalizes the listing of these securities, potentially expanding the company̵...
Zenith Board Backs Forrestania Takeover With Supplementary Statement
Jul 7, 2026
Zenith Minerals has released a supplementary target’s statement in relation to Forrestania Resources Limited’s off-market takeover bid for all Zenith ordinary shares, following the original statement issued on 9 June 2026. The document...
Zenith board backs Forrestania takeover as Edna May deal boosts gold growth plan
Jul 7, 2026
Zenith Minerals has reaffirmed its board’s unanimous support for Forrestania Resources’ off-market scrip takeover offer, following Forrestania’s acquisition of the Edna May Gold Hub and a $310 million capital raising that materia...
Forrestania Extends Takeover Offer Period for Zenith Minerals
Jul 7, 2026
Forrestania Resources Limited has extended the offer period for its off‑market takeover bid for all fully paid ordinary shares in Zenith Minerals Limited. The bid, originally scheduled to close in mid‑June 2026, will now remain open fo...
Forrestania Resources Seeks ASX Quotation for New Share Issue
Jul 3, 2026
Forrestania Resources Limited has applied to the Australian Securities Exchange for quotation of 344,509 new ordinary fully paid shares under its ticker FRS. The securities, issued on July 3, 2026, arise from the exercise or conversion of existing...
Forrestania Resources Options Lapse After June Expiry
Jul 2, 2026
Forrestania Resources Ltd has confirmed that 518,921 of its listed options, trading under ASX code FRSOA, have lapsed following their scheduled expiry on 30 June 2026. The lapse of these options slightly simplifies the company’s capital stru...
Forrestania Resources Expands Listed Capital with New Share Quotation
Jul 1, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 497,269 new ordinary fully paid shares, following the issue of these securities on July 1, 2026. The additional shares, arising from the exercise or conversion of existing secur...
Forrestania Plans Major Share Issue to Raise Capital
Jul 1, 2026
Forrestania Resources Limited has lodged a notice with the ASX outlining a proposed placement or other type of securities issue involving up to 1,025,575,000 ordinary fully paid shares. The new securities are planned to be issued on 7 July 2026, h...
Forrestania outlines Edna May acquisition and funding in investor presentation
Jul 1, 2026
Forrestania Resources has released an investor presentation dated 1 July 2026 outlining the acquisition of the Edna May asset and an associated capital raising. The materials emphasise that they are informational only, not a prospectus or offer of...
Forrestania Raises A$310m to Fund Edna May Gold Hub Acquisition
Jul 1, 2026
Forrestania Resources has secured firm commitments for a A$310 million two-tranche institutional placement at A$0.40 per share to fund the acquisition and refurbishment of the Edna May Gold Hub. The placement, conducted at a discount to recent tra...
Forrestania to acquire Edna May gold hub in A$300m deal
Jun 28, 2026
Forrestania Resources has agreed to acquire 100% of the Edna May Gold Hub from Ramelius Resources for A$300 million, gaining the 2.9Mtpa Edna May mill, associated infrastructure and tenements, as well as a substantial JORC mineral resource. The co...
Forrestania Resources Seeks Trading Halt Ahead of Material Deal and Capital Raising
Jun 28, 2026
Forrestania Resources Limited has requested a trading halt on its securities on the ASX, effective from 29 June 2026, as it prepares to announce a material transaction and related equity raising. The halt will remain in place until either the comp...
Forrestania Resources Seeks ASX Quotation for 3.3 Million New Shares
Jun 26, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 3,298,853 ordinary fully paid deferred securities, issued following the exercise or conversion of existing options or other convertible instruments. The additional securities, t...
Forrestania Resources Seeks ASX Quotation for New Share Issue
Jun 18, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 1,167,575 new ordinary fully paid shares, with an issue date of 18 June 2026. The additional securities, arising from the exercise or conversion of existing instruments, modestl...
Beacon Minerals launches record capital return via cash and Forrestania share dividends
Jun 17, 2026
Beacon Minerals has announced a fully franked cash dividend of A$0.10 per share and a special in-specie dividend comprising 36 million Forrestania Resources shares to be distributed to eligible shareholders. Together, these dividends represent a t...
Forrestania Resources Issues Shares for Services and Flags Ongoing Acquisition Talks
Jun 17, 2026
Forrestania Resources Limited has issued 3,397,348 fully paid ordinary shares as non-cash consideration for services, with 1,343,194 shares allocated to VM Drilling Pty Ltd for drilling and 2,054,154 shares to Campbell Operations Pty Ltd for trans...
Forrestania Resources Seeks Quotation of Over 2 Million New Shares on ASX
Jun 17, 2026
Forrestania Resources Limited has applied for quotation of 2,054,154 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of June 17, 2026. The new securities arise from previously announced transactions and the...
Forrestania Resources Seeks ASX Quotation for 1.34 Million New Shares
Jun 17, 2026
Forrestania Resources Limited has applied for quotation of 1,343,194 new ordinary fully paid shares on the Australian Securities Exchange. The issuance, tied to previously announced transactions, modestly expands the company’s listed capital...
Forrestania Advances Off-Market Takeover Bid for Zenith Minerals
Jun 16, 2026
Forrestania Resources Limited has formally moved ahead with its planned acquisition of Zenith Minerals Limited by completing the dispatch of its bidder’s statement and accompanying offer to Zenith shareholders. The documents, dated 9 June 20...
Forrestania Resources Issues New Shares and Flags Ongoing Acquisition Talks
Jun 10, 2026
Forrestania Resources Limited has issued 11,830,000 ordinary fully paid shares to sophisticated investors under share sale agreements, using provisions that allow the issue without a full disclosure document. The company confirmed it remains compl...
Forrestania Resources Seeks ASX Quotation for 11.83 Million New Shares
Jun 10, 2026
Forrestania Resources Limited has applied for quotation of 11,830,000 new ordinary fully paid shares on the ASX, with an issue date of 9 June 2026. The additional securities, issued under a previously announced transaction, will expand the company...
Forrestania Lodges Bidder’s Statement for Zenith Minerals Takeover
Jun 9, 2026
Forrestania Resources Limited has formally lodged its bidder’s statement for an off-market takeover offer to acquire all ordinary shares in Zenith Minerals Limited that it and its associates do not already own. The bidder’s statement h...
Zenith Board Backs Forrestania’s Takeover Bid in Target’s Statement
Jun 9, 2026
Forrestania Resources has launched an off-market takeover offer for all fully paid ordinary shares of fellow explorer Zenith Minerals, prompting Zenith to issue its formal target’s statement to shareholders. The Zenith board has unanimously ...
Forrestania Resources to Raise Capital via Share Placement
Jun 9, 2026
Forrestania Resources Limited has announced a proposed issue of up to 11,830,000 ordinary fully paid shares on the ASX. The new securities will be issued as part of a placement or similar capital-raising structure, with the proposed issue date set...
Forrestania launches recommended all‑scrip takeover of Zenith Minerals
Jun 8, 2026
Zenith Minerals and Forrestania Resources have agreed a recommended all-scrip, off‑market takeover under which Zenith shareholders will receive one Forrestania share for every 4.3 Zenith shares, valuing Zenith at about A$93.5 million. The de...
Forrestania Passes One-Million-Ounce Mark With New MacPhersons Gold Resource
Jun 5, 2026
Forrestania Resources has reported a JORC-compliant Mineral Resource Estimate for the MacPhersons deposit at its Coolgardie Gold Hub of 2 million tonnes at 1.15 grams per tonne gold for 73,800 ounces at a 0.5 g/t cut-off. The deposit, part of the ...
Forrestania issues 6 million shares as acquisition talks continue
Jun 5, 2026
Forrestania Resources has issued 6,000,000 ordinary fully paid shares following the vesting of Tranche 9 performance rights that were previously approved by shareholders in late 2025. The company confirmed it continues to investigate multiple acqu...
Forrestania Director Boosts Equity Stake Following Performance Rights Vesting
Jun 5, 2026
Forrestania Resources has disclosed a change in the holdings of director Adam Turnbull following the vesting of performance rights. Turnbull received 2,000,000 new ordinary fully paid shares at no cash consideration after vesting conditions were m...
Forrestania Director Increases Shareholding After Performance Rights Vesting
Jun 5, 2026
Forrestania Resources Limited has disclosed a change in director Daniel Raihani’s interests, with his indirect holding increasing to 37,925,000 ordinary fully paid shares and 6,425,000 performance rights. The change arose from the vesting of...
Forrestania Director Increases Shareholding After Performance Rights Vesting
Jun 5, 2026
Forrestania Resources has reported a change in the interests of director David Geraghty following the vesting of performance rights. Shareholders had previously approved these performance rights, and the satisfaction of vesting conditions has resu...
Forrestania Resources Seeks ASX Quotation for 6 Million New Shares
Jun 5, 2026
Forrestania Resources Limited has applied for quotation of 6,000,000 new fully paid ordinary shares on the ASX, with an issue date of 5 June 2026. The additional securities, arising from the exercise or conversion of existing instruments, will exp...
Forrestania Resources Seeks ASX Quotation for 755,176 New Shares
Jun 4, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 755,176 new ordinary fully paid shares, following the exercise of options or conversion of other securities. The issuance modestly increases the company’s listed capital b...
Forrestania tops 1Moz gold as MacPhersons resource lifts Coolgardie hub
Jun 1, 2026
Forrestania Resources has reported a new JORC-compliant Mineral Resource Estimate for the MacPhersons gold deposit at its Coolgardie Gold Hub, totalling 2,000,000 tonnes at 1.15 grams per tonne gold for 73,800 ounces at a 0.5 g/t cutoff. The depos...
Forrestania Resources Issues Shares to Acquire New Tenements
May 29, 2026
Forrestania Resources Limited has issued 4,556,224 fully paid ordinary shares as consideration for the acquisition of mining and exploration tenements from Lantech Developments Pty Ltd. This share-based transaction reinforces the company’s s...
Forrestania Resources Seeks ASX Quotation for 4.56 Million New Shares
May 29, 2026
Forrestania Resources Limited has applied for the quotation of 4,556,224 new ordinary fully paid shares on the ASX, with an issue date of May 29, 2026. The securities form part of a previously announced transaction, signalling further capital stru...
Forrestania Resources Seeks ASX Quotation for Additional Ordinary Shares
May 28, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 552,694 new ordinary fully paid shares, following the issue of these securities on 28 May 2026. The additional quoted shares modestly increase the company’s listed capital...
Forrestania Reports Strong High-Grade Drill Results at Lady Lila Gold Project
May 27, 2026
Forrestania Resources has reported strong high-grade gold intersections from a recent reverse circulation and diamond tail drilling campaign at its Lady Lila Gold Project, part of the Forrestania Hub in Western Australia. The 43-hole, 5,142-metre ...
Forrestania Resources Warns Holders of Imminent Option Expiry
May 25, 2026
Forrestania Resources has notified holders of its listed options (FRSOA) that these securities, exercisable at $0.15 per option, will expire at 5:00 p.m. WST on 30 June 2026, with official quotation on the ASX to cease at the close of trading on 2...
Forrestania boosts WA gold portfolio with Newington project acquisition
May 24, 2026
Forrestania Resources has agreed to acquire 100% of Midas Minerals (Newington) Pty Ltd, securing a strategic package of 10 granted mining and exploration tenements in Western Australia’s Newington gold district. The Newington Project spans a...
Forrestania Issues Shares for Services and Tenement Acquisitions, Flags Ongoing M&A Talks
May 22, 2026
Forrestania Resources has issued 9,747,566 fully paid ordinary shares as non‑cash consideration for engineering services to Polaris Engineering, transportation and haulage services to Campbell Operations, and the acquisition of entities hold...
Forrestania Seeks ASX Quotation for Shares Issued in Newcam Acquisition
May 22, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 3,530,675 new fully paid ordinary shares. The securities relate to consideration for the acquisition of entities from Newcam Minerals Pty Ltd, reflecting an equity-based compone...
Forrestania Resources Seeks ASX Quotation for 4.8 Million New Shares
May 22, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 4,775,518 new ordinary fully paid shares under its ticker FRS. The new securities, issued on May 22, 2026, form part of previously announced transactions and will expand the com...
Forrestania Resources Seeks ASX Quotation for 1.44 Million New Shares
May 22, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 1,441,373 new fully paid ordinary shares under its existing code FRS. The securities, issued on May 22, 2026, arise from previously announced transactions and their quotation wi...
Forrestania Resources to List 2.9 Million New Shares on ASX
May 22, 2026
Forrestania Resources Limited has applied for quotation of 2,909,459 new fully paid ordinary shares on the ASX, with the securities to be issued and quoted on May 22, 2026. The additional shares, arising from the exercise or conversion of existing...
Forrestania boosts gold resource base with Hyden Project acquisition
May 11, 2026
Forrestania Resources has completed the acquisition of Hyden Project Holdings Pty Ltd, securing 100% ownership of the Hyden Gold Project, including the Lady Magdalene and Lady Ada deposits. The project’s granted gold tenements add a JORC-com...
Forrestania Resources Plans Issue of 6 Million New Shares
May 8, 2026
Forrestania Resources Limited has announced a proposed issue of up to 6,000,000 ordinary fully paid shares on the Australian Securities Exchange. The securities are planned to be issued via a placement or similar capital-raising mechanism, with a ...
Forrestania Resources Seeks ASX Quotation for 6.1 Million New Shares
May 8, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 6,087,746 ordinary fully paid shares, to be issued on May 8, 2026. The new securities arise from the exercise or conversion of existing options or other convertible securities, ...
Forrestania Director Increases Shareholding as Performance Rights Vest
May 8, 2026
Forrestania Resources has reported a change in the holdings of director David Geraghty following the vesting of Tranche 8 performance rights. The vesting conditions, previously approved by shareholders, were met, resulting in the allotment of 1,00...
Forrestania Director Boosts Shareholding as Performance Rights Vest
May 8, 2026
Forrestania Resources Limited has disclosed a change in director Daniel Raihani’s indirect interests, following the vesting of a tranche of performance rights linked to company-approved conditions. Through his associated entity, 7 Enterprise...
Forrestania Resources Updates Market on Director’s Vested Performance Rights
May 8, 2026
Forrestania Resources Limited has updated the market on a change in director Adam Turnbull’s interests, following the vesting of a tranche of performance rights previously approved by shareholders. The vesting conditions for Tranche 8 perfor...
Forrestania Resources Issues Shares for Construction Services Amid Ongoing Acquisition Talks
May 8, 2026
Forrestania Resources Limited has issued 18,099,679 ordinary fully paid shares as consideration for construction services provided to nominees of Polaris Engineering Pty Ltd, effectively using equity to settle project-related costs. The company st...
Forrestania Resources Seeks ASX Quotation for 18 Million New Shares
May 8, 2026
Forrestania Resources Limited has applied for quotation of 18,099,679 new ordinary fully paid shares on the Australian Securities Exchange. The newly issued securities, to be quoted under the existing FRS code, expand the company’s listed sh...
Forrestania Clears Legal Hurdle to Fast-Track Hyden Gold Project Acquisition
May 7, 2026
Forrestania Resources Limited has reaffirmed its push into Western Australian gold with plans to exercise its option to acquire the Hyden Gold Project, including the Lady Magdalene and Lady Ada deposits, from Hyden Project Holdings. The move conso...
Forrestania Resources Issues Shares and Flags Ongoing Acquisition Talks
May 6, 2026
Forrestania Resources Limited has issued 3,000,000 ordinary fully paid shares following the vesting of Tranche 8 performance rights, which were previously approved by shareholders on 31 October 2025. The company confirmed that the shares were issu...
Forrestania Resources Seeks ASX Quotation for 3 Million New Shares
May 6, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 3,000,000 new ordinary fully paid shares, expanding its listed capital base under code FRS. The shares result from the exercise or conversion of existing securities, modestly in...
Forrestania Resources Plans Equity Placement of Up to 18.1 Million Shares
May 4, 2026
Forrestania Resources Limited has announced a proposed placement of up to 18.1 million new fully paid ordinary shares. The issue is scheduled for 15 May 2026 and is intended to provide additional capital to support the company’s ongoing oper...
Forrestania Issues Shares for Tenement Deal, Flags Ongoing Acquisition Talks
May 4, 2026
Forrestania Resources Limited has issued 7,725,587 ordinary fully paid shares as consideration for the acquisition of a tenement from GoldTribe Corporation Pty Ltd, expanding its landholding in its core project regions. The company confirmed it re...
Forrestania Resources Seeks ASX Quotation for 7.7 Million New Shares
May 4, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 7,725,587 new ordinary fully paid shares, to be issued on 4 May 2026. The application follows previously announced transactions, expanding the company’s quoted securities ...
Forrestania Lifts Gold Inventory With High-Confidence Tycho Resource
May 4, 2026
Forrestania Resources has announced an updated JORC-compliant Mineral Resource Estimate for the Tycho gold deposit at its Coolgardie Gold Hub, totalling 1,438,341 tonnes at 0.98 grams per tonne for 45,500 ounces of gold at a 0.5 g/t cutoff. The re...
Forrestania Lifts Ada Ann Gold Resource, Advances Coolgardie Hub Strategy
May 3, 2026
Forrestania Resources has delivered an upgraded JORC-compliant Mineral Resource Estimate for its Ada Ann gold deposit at the Coolgardie Hub, now standing at 204,500 tonnes at 2.76 grams per tonne gold for 18,160 ounces, a 46% increase on the prior...
Forrestania Seals Karonie Gold Deal, Expands Eastern Goldfields Footprint
May 3, 2026
Forrestania Resources has completed the acquisition of the Karonie Gold Project in the Eastern Goldfields from Goldtribe Corporation, a subsidiary of Alchemy Resources, for $5 million paid in shares and a 1% net smelter royalty structure. The deal...
Forrestania Issues Shares for Services and Tenement Acquisition Amid Ongoing Expansion Talks
May 1, 2026
Forrestania Resources Limited has issued 1,770,485 fully paid ordinary shares as consideration for construction services provided via nominees of Polaris Engineering and for the acquisition of tenements from Flynn Gold Limited. The company emphasi...
Flynn Gold Sells WA Projects to Refocus on Tasmanian Exploration
May 1, 2026
Flynn Gold has completed the sale of its Forrestania and Lake Johnston projects in Western Australia to Forrestania Resources for A$350,000, paid in Forrestania shares at a deemed price of A$0.5457 each. The divestment forms part of Flynn’s ...
Forrestania Resources Seeks ASX Quotation for Additional Shares
May 1, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 641,378 new ordinary fully paid shares under its ticker code FRS. The new securities, issued on 1 May 2026, arise from a previously announced transaction and their quotation wil...
Forrestania Resources Seeks ASX Quotation for Additional Ordinary Shares
May 1, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 1,033,769 new ordinary fully paid shares. The new securities result from the exercise or conversion of existing options or other convertible securities and were issued on May 1,...
Forrestania defines low-cost Burracoppin gold resource in WA
May 1, 2026
Forrestania Resources has declared a JORC-compliant inferred mineral resource of 2.015 million tonnes at 0.91 grams per tonne for 58,700 ounces of gold at its Burracoppin project in Western Australia. The company highlights that this resource equa...
Forrestania Resources Seeks ASX Quotation for 124.9 Million New Shares
Apr 29, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 124,929,657 new ordinary fully paid shares, to be issued on April 29, 2026. The expanded share base is expected to enhance the company’s market liquidity and broaden its i...
Forrestania Reports High-Grade Gold Hits Across Key WA Projects
Apr 26, 2026
Forrestania Resources has reported a suite of high-grade gold intercepts from recent drilling at its British Hill, Mt Palmer and Johnson Range projects in Western Australia. The programs, comprising reverse circulation and diamond drilling, return...
Forrestania Resources Seeks ASX Quotation for 861,476 New Shares
Apr 23, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 861,476 new ordinary fully paid shares, to be issued on April 23, 2026. The new securities arise from the exercise or conversion of existing options or other convertible instrum...
Forrestania Resources Issues Shares for Drilling and Flags Ongoing Acquisition Talks
Apr 17, 2026
Forrestania Resources Limited has issued 1,770,485 fully paid ordinary shares to VM Drilling Pty Ltd as consideration for drilling services, effectively using equity to settle operational costs. The company confirmed that the issue was conducted w...
Forrestania Resources Seeks ASX Quotation for 1.77 Million New Shares
Apr 17, 2026
Forrestania Resources Limited has applied for quotation of 1,770,485 new ordinary fully paid shares on the ASX, with an issue date of April 17, 2026. The securities relate to a previously announced transaction, and their quotation will modestly ex...
Forrestania Resources Lists Additional Shares on ASX After Option Conversions
Apr 17, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 188,714 new ordinary fully paid shares, to be traded under its existing ticker FRS. The additional securities, issued on April 17, 2026 as a result of exercised options or conve...
Forrestania Resources Seeks Quotation of 1.19m New Shares on ASX
Apr 16, 2026
Forrestania Resources Limited has applied for quotation of 1,189,285 new ordinary fully paid shares on the Australian Securities Exchange. The additional securities, which result from the exercise or conversion of existing options or other convert...
Forrestania Begins British Hill Ore Haulage to Lake Johnston Plant
Apr 15, 2026
Forrestania Resources has begun hauling ore from its British Hill gold deposit to the wholly owned Lake Johnston processing facility, ahead of planned commissioning of the refurbished plant in 2026. The Lake Johnston plant is being upgraded by Pol...
Forrestania Confirms High-Grade Niobium Potential at Wozi Project in Malawi
Apr 14, 2026
Forrestania Resources has reported further high-grade niobium results from its maiden reverse circulation drilling campaign at the Wozi Project in Malawi, confirming near-surface mineralisation within a large, previously defined system extending o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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