Forrestania Resources Limited (AU:FRS)
ASX:FRS
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Forrestania Resources Limited
(Sydney:FRS)
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Rating:46Neutral
Price Target:
AU$0.56
â–˛(86.33% Upside)
Action:Reiterated
Date:04/28/26
The score is primarily held back by weak financial performance (pre-revenue, ongoing losses, and sustained negative operating/free cash flow). Technicals provide only partial support with a generally improved longer-term trend but mixed momentum indicators. Valuation is also a headwind given negative earnings (negative P/E) and no stated dividend yield.
Positive Factors
Low leverage and positive equity
No reported debt and positive equity provide balance-sheet flexibility over the medium term. This reduces bankruptcy risk and makes the company better positioned to secure JV partners or equity funding for exploration, supporting sustained project advancement despite ongoing losses.
Negative Factors
Pre-revenue profile
Remaining pre-revenue over multiple years means the business cannot self-fund exploration or development. Long timelines and high geological risk make outcomes binary; continued lack of revenues forces reliance on external capital and magnifies dilution and financing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and positive equity
No reported debt and positive equity provide balance-sheet flexibility over the medium term. This reduces bankruptcy risk and makes the company better positioned to secure JV partners or equity funding for exploration, supporting sustained project advancement despite ongoing losses.
Read all positive factors
Forrestania Resources Limited (FRS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$749.52M
Dividend YieldN/A
Average Volume (3M)1.46M
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue GrowthN/A
EPS Growth-20.30%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,314,947,000
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Forrestania Resources Limited Business Overview & Revenue Model
Company Description
Forrestania Resources Limited engages in the exploration and development of mineral projects in Western Australia. The company primarily explores for gold, lithium, and nickel deposits. It holds interests in the Forrestania project covering an are...
How the Company Makes Money
null...
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
Positive
0.30
Price Trends
0.50
Positive
0.52
Positive
0.38
Positive
Market Momentum
0.02
Positive
54.21
Neutral
27.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRS, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.50, and below the 200-day MA of 0.38, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 54.21 is Neutral, neither overbought nor oversold. The STOCH value of 27.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$38.39M | -18.58 | -6.28% | ― | -100.00% | -141.82% | |
51 Neutral | AU$30.18M | -5.09 | -24.90% | ― | ― | 77.87% | |
47 Neutral | AU$22.96M | 46.99 | 2.76% | ― | ― | ― | |
46 Neutral | AU$24.27M | 3.91 | 34.97% | ― | ― | ― | |
46 Neutral | AU$749.52M | -24.27 | -31.56% | ― | ― | -20.30% | |
46 Neutral | AU$30.37M | -10.60 | -17.92% | ― | ― | 14.47% |
* Basic Materials Sector Average
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Forrestania Resources Limited Corporate Events
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...
Forrestania Resources Seeks ASX Quotation for Additional Shares
Apr 9, 2026
Forrestania Resources Limited has applied for quotation of 105,000 new ordinary fully paid shares on the ASX, to be issued on 9 April 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly i...
Forrestania Resources Seeks ASX Quotation for 1.17 Million New Shares
Apr 2, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 1,171,002 new ordinary fully paid shares, with an issue date of 1 April 2026. The additional securities, lodged under an Appendix 2A as a new announcement, will expand the compa...
Forrestania Resources Seeks ASX Quotation for 652,500 New Shares
Apr 2, 2026
Forrestania Resources Limited has applied for quotation of 652,500 new ordinary fully paid shares on the ASX, following the exercise or conversion of existing options or other convertible securities. The additional securities modestly expand the c...
Forrestania Director Receives Shares in Lieu of Salary Under Shareholder-Approved Plan
Apr 1, 2026
Forrestania Resources Ltd has disclosed a change in director Brett Hodgins’ interests, following the issue of 121,113 fully paid ordinary shares to him as a share-based payment in lieu of salary. The shares, approved by shareholders at a 27 ...
Forrestania director increases equity stake through option exercise and share issue
Apr 1, 2026
Forrestania Resources has reported changes to director David Geraghty’s interests in the company’s securities, reflecting a rebalancing of his holdings across fully paid ordinary shares, options and performance rights. The update shows...
Forrestania Resources Issues Shares and Pursues Potential Acquisitions
Apr 1, 2026
Forrestania Resources has issued 1,631,857 fully paid ordinary shares as non-cash consideration, primarily to VM Drilling Pty Ltd for drilling services and partly in lieu of salary for its executive directors. The move underscores the company̵...
Forrestania Resources Seeks Quotation for 1.77 Million New Shares
Apr 1, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 1,767,778 new ordinary fully paid shares, with an issue date of April 1, 2026. The additional securities, issued under previously announced transactions, will modestly expand th...
Forrestania Resources Seeks ASX Quotation for 460,855 New Shares
Apr 1, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 460,855 new ordinary fully paid shares. The securities, to be traded under the existing FRS code, were issued on 1 April 2026 and represent an incremental increase to the compan...
Forrestania Releases Template Notice on Ceasing to Be a Substantial Holder
Apr 1, 2026
Forrestania Resources Limited has released a regulatory Form 605 template related to notices of ceasing to be a substantial holder under the Australian Corporations Act 2001. The document outlines how substantial shareholders must report changes i...
Beacon Minerals Finalises MacPhersons Sale to Forrestania Resources
Mar 29, 2026
Beacon Minerals has completed the sale of 100% of the shares in MacPhersons Reward Pty Ltd to Forrestania Resources for $5 million in cash and 36 million Forrestania shares. The deal, which follows satisfaction of all conditions under a binding ag...
Forrestania Confirms High-Grade Niobium at Wozi Project in Malawi
Mar 29, 2026
Forrestania Resources has reported maiden reverse circulation drilling results from the Wozi Niobium Project in Malawi that confirm high-grade, near-surface niobium within a large, coherent mineralised system extending over 1.5km of strike and up ...
Forrestania Confirms Deeper High-Grade Gold at British Hill in Maiden Drill Program
Mar 29, 2026
Forrestania Resources has completed its maiden drill program at the British Hill Gold Project, comprising 10 holes for 2,906 metres, and reported a second batch of assays confirming multiple high-grade gold intersections and mineralised zones at d...
Forrestania Resources Issues 94m Shares to Fund Series of Tenement Acquisitions
Mar 27, 2026
Forrestania Resources has issued 93,817,248 new fully paid ordinary shares as consideration for several acquisitions, including McPhersons Reward Pty Ltd, tenements from Mantis Resources, the Gibraltar Project tenements, and various entities holdi...
Forrestania Seeks ASX Quotation for Shares Issued in Tenement Deal
Mar 27, 2026
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 expansi...
Forrestania Seeks ASX Quotation for 50.9 Million Shares in New Mineral Tenement Deal
Mar 27, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 50,863,159 new fully paid ordinary shares. The securities were issued on 27 March 2026 as part of the consideration for acquiring various entities holding mineral tenements from...
Forrestania Resources Seeks ASX Quotation for Nearly 6 Million New Shares
Mar 27, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 5,956,636 new ordinary fully paid shares under its code FRS. The shares, issued on March 27, 2026, form part of previously announced transactions, modestly expanding the company...
Forrestania Seeks ASX Quotation for 36 Million New Shares
Mar 27, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 36 million new ordinary fully paid shares under its existing FRS ticker. The securities were issued on 27 March 2026, expanding the company’s quoted capital base and poten...
Forrestania Resources Seeks Quotation for Additional Ordinary Shares
Mar 27, 2026
Forrestania Resources Limited has applied for quotation of 578,476 new ordinary fully paid shares on the ASX, with an issue date of March 27, 2026. The additional securities, issued following the exercise or conversion of existing instruments, wil...
Forrestania Expands WA Gold Portfolio With Completion of Key Acquisitions
Mar 27, 2026
Forrestania Resources has completed several key acquisitions following shareholder approval at a general meeting, significantly expanding its tenement holdings in Western Australia. The deals include the Gibraltar Project mining and prospecting le...
Forrestania Secures Binding A$58.5m Deal to Advance Lake Johnston Gold Plant
Mar 27, 2026
Forrestania Resources has clarified that it has entered into a binding agreement, rather than a heads of agreement, with Polaris Engineering Services and design partner Mincore to advance the next stage of refurbishment at the Lake Johnston proces...
Forrestania Strikes A$58.5m CIL Plant Deal to Fast-Track Lake Johnston Gold Hub
Mar 26, 2026
Forrestania Resources has signed a Head of Agreement with Polaris Engineering Services, alongside design partner Mincore, to design, supply and install a new carbon-in-leach circuit and broader refurbishment works at its Lake Johnston processing f...
Forrestania boosts Eastern Goldfields hub with $5m Karonie acquisition
Mar 26, 2026
Forrestania Resources has agreed to acquire a package of 16 exploration licences in Western Australia’s Eastern Goldfields from Goldtribe Corporation, a subsidiary of Alchemy Resources, in an all-share deal valued at $5 million. The tenement...
Forrestania Clears Key Hurdle as Johnson Range Gold Resource Reaches 103,500oz
Mar 24, 2026
Forrestania Resources Limited has received an updated JORC-compliant Mineral Resource Estimate for the Johnson Range gold project of 1.43 million tonnes at 2.26 grams per tonne gold, totalling 103,500 ounces at a 0.5 g/t cut-off. The estimate, ind...
Forrestania Plans Placement of Up to 35 Million New Shares
Mar 24, 2026
Forrestania Resources Limited has announced a proposed placement of up to 35 million ordinary fully paid shares on the ASX. The new securities are scheduled for issue on 31 July 2026, subject to standard listing and quotation processes.The capital...
Forrestania Resources Seeks ASX Quotation for 1.31 Million New Shares
Mar 20, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 1,314,747 new fully paid ordinary shares under the code FRS. The securities, issued on 20 March 2026 following the exercise or conversion of existing options or other convertibl...
Forrestania Issues Shares for Tenement Deal as It Pursues Further WA Gold Growth
Mar 18, 2026
Forrestania Resources Limited has issued 549,752 ordinary fully paid shares as partial consideration for the acquisition of mining tenements from Toro Mining Pty Ltd, strengthening its asset base in Western Australia. The company also confirmed it...
Forrestania Resources Seeks ASX Quotation for Shares Issued in Tenement Deal
Mar 18, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 549,752 new fully paid ordinary shares. These securities were issued as part of the consideration under a Tenement Sale Agreement, expanding the company’s listed capital b...
Forrestania Retracts Mineralisation Claim After Jaurdi Hills Acquisition Update
Mar 16, 2026
Forrestania Resources Limited, a gold exploration and development company listed on the ASX, is building a portfolio of projects across key Western Australian mining regions including Southern Cross, the Eastern Goldfields and Forrestania. The com...
Forrestania Completes Jaurdi Hills Deal to Expand Coolgardie Gold Hub
Mar 16, 2026
Forrestania Resources has completed the acquisition of Australian Live-Stock Pty Ltd, Fenton and Martin Mining Developments Pty Ltd, and Diggers Dealers Mining Pty Ltd, securing 100% ownership of entities that collectively hold highly prospective...
Forrestania Shifts From Explorer to Gold Producer with Westgold Ore Deal
Mar 15, 2026
Forrestania Resources Limited has begun mining and hauling ore from its wholly owned gold deposits to Westgold Resources’ Higginsville processing hub under an existing ore purchase agreement, formally shifting its status from a pure gold exp...
Forrestania Resources to List 3.9 Million New Shares on ASX
Mar 13, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 3,890,302 new ordinary fully paid shares, with an issue date of March 13, 2026. The additional shares, arising from the exercise or conversion of existing options or other conve...
Forrestania Drilling Extends Gold Mineralisation at British Hill Project
Mar 13, 2026
Forrestania Resources has completed its maiden drill program at the British Hill Gold Project, comprising 10 holes for 2,655 metres using reverse circulation drilling with diamond tails. Initial assays from the program have returned multiple high-...
Forrestania Resources Lodges Interim Financial Statements for Half-Year 2025
Mar 12, 2026
Forrestania Resources Limited has released its interim financial statements for the six months ended 31 December 2025, providing stakeholders with an update on the company’s financial performance over the half-year period. The report is part...
Forrestania Resources plans placement of up to 7.7m new shares
Mar 11, 2026
Forrestania Resources Limited, an ASX-listed mineral exploration company trading under the code FRS, raises capital through the issue of ordinary fully paid shares to support its project and corporate objectives in the resource sector. Leveraging ...
Forrestania to acquire Alchemy’s Karonie and Lake Rebecca gold assets in $5m share deal
Mar 10, 2026
Alchemy Resources has agreed to sell its Karonie and Lake Rebecca gold projects in Western Australia to Forrestania Resources for $5 million, payable in Forrestania shares priced on a 10-day VWAP basis. The deal includes 16 exploration licences ov...
Forrestania to Acquire Karonie Gold Project in A$5m All-Share Deal
Mar 10, 2026
Forrestania Resources has agreed to acquire 16 exploration licences comprising the Karonie Gold Project in Western Australia’s Eastern Goldfields from Alchemy Resources subsidiary Goldtribe, in an all-share deal valued at A$5 million. The Ka...
Forrestania Resources Seeks ASX Quotation for 4.7 Million New Shares
Mar 6, 2026
Forrestania Resources Limited has applied to the Australian Securities Exchange for quotation of an additional 4,724,175 ordinary fully paid shares. The new securities, issued on March 6, 2026, expand the company’s quoted capital base and ma...
S&P Dow Jones Indices Unveils March 2026 Rebalance of Key S&P/ASX Benchmarks
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of the SP/ASX index family, with multiple constituent changes across the SP/ASX 20, 50, 100, 200 and 300 effective before the market opens on March 23. The reshuffle includes No...
Forrestania Resources Issues Shares as Drilling Consideration, Confirms Compliance
Mar 5, 2026
Forrestania Resources Limited has issued 159,898 ordinary fully paid shares as part consideration for drilling services, reflecting a non-cash component in its exploration expenditure. The company stated that the shares were issued without a prosp...
Forrestania Finalises 100% Takeover of Kula Gold
Mar 5, 2026
Forrestania Resources Limited has completed the compulsory acquisition of Kula Gold Limited, securing 100% ownership of Kula’s shares. The transaction finalises Forrestania’s takeover of Kula and represents a strategic consolidation st...
Glossary
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