Forrestania Resources Limited (AU:FRS)
ASX:FRS
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Forrestania Resources Limited
(Sydney:FRS)
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Rating:43Neutral
Price Target:
AU$0.33
▲(11.00% Upside)
Action:ReiteratedDate:03/20/26
The score is weighed down primarily by weak financial performance (pre-revenue, ongoing losses, and persistent negative operating/free cash flow) and bearish technical momentum (negative MACD and oversold readings with price below key moving averages). A clean, low-leverage balance sheet and improved 2025 loss trend provide partial support but do not offset the lack of revenue and cash generation.
Positive Factors
Low leverage / no reported debt
A debt-free balance sheet gives the company durable financial flexibility, lowering refinancing and interest risks. For an exploration firm this extends runway to advance projects or pursue joint ventures, reducing short-term solvency pressure while cash burn continues.
Negative Factors
Pre-revenue business model
Being pre-revenue is a fundamental constraint: the company cannot self-fund operations from product or asset sales. Long-term viability depends on successful resource advancement or external capital, leaving execution and commercialisation risk until revenues appear.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / no reported debt
A debt-free balance sheet gives the company durable financial flexibility, lowering refinancing and interest risks. For an exploration firm this extends runway to advance projects or pursue joint ventures, reducing short-term solvency pressure while cash burn continues.
Read all positive factors
Forrestania Resources Limited (FRS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$436.12M
Dividend YieldN/A
Average Volume (3M)1.46M
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue GrowthN/A
EPS Growth86.21%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,026,170,500
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
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
Neutral
0.30
Price Trends
0.53
Negative
0.40
Positive
0.29
Positive
Market Momentum
-0.05
Positive
40.01
Neutral
19.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRS, the sentiment is Neutral. The current price of 0.3 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.53, and above the 200-day MA of 0.29, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 40.01 is Neutral, neither overbought nor oversold. The STOCH value of 19.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
51 Neutral | AU$29.06M | -9.63 | -24.90% | ― | ― | ― | |
47 Neutral | AU$29.46M | -6.38 | -6.28% | ― | -100.00% | -146.48% | |
47 Neutral | AU$27.68M | 1.48 | 34.97% | ― | ― | -11.01% | |
46 Neutral | AU$25.92M | 8.28 | 2.76% | ― | ― | 26.92% | |
43 Neutral | AU$436.12M | -3.44 | -31.56% | ― | ― | 86.21% | |
42 Neutral | AU$36.34M | -11.08 | -17.92% | ― | ― | -18.92% |
* Basic Materials Sector Average
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Forrestania Resources Limited Corporate Events
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...
Forrestania Resources Seeks ASX Quotation for 3.3 Million New Shares
Feb 27, 2026
Forrestania Resources Limited has applied for quotation of 3,335,874 new ordinary fully paid shares on the ASX, following the issue of these securities on 27 February 2026. The additional quoted shares, arising from the exercise or conversion of e...
Forrestania Issues 5.5m Shares to Finalise Tenement Acquisition
Feb 27, 2026
Forrestania Resources Limited has issued 5.5 million fully paid ordinary shares as consideration for the completion of an acquisition of tenements previously announced to the market. The share issue forms part of the company’s ongoing strate...
Forrestania Resources Seeks ASX Quotation for 5.5 Million New Shares
Feb 27, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 5,500,000 new ordinary fully paid shares, to be issued on 27 February 2026. The additional quoted securities will increase the company’s listed share base, potentially enh...
Forrestania Resources Seeks ASX Quotation for 14.3 Million New Shares
Feb 27, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 14,335,345 ordinary fully paid shares under its existing issuer code FRS. The new securities, issued on 27 February 2026, arise from transactions previously flagged to the marke...
Forrestania Director David Geraghty Lifts Stake in Company Securities
Feb 27, 2026
Forrestania Resources Ltd has reported a change in Director David Geraghty’s relevant interests in the company’s securities, disclosing substantial acquisitions of fully paid ordinary shares and various option classes through entities ...
Forrestania director boosts direct shareholding after options exercise
Feb 27, 2026
Forrestania Resources has disclosed a change in director Adam Turnbull’s interests, detailing the exercise and transfer of various unlisted options into fully paid ordinary shares. Following the transactions on 25 February 2026, TurnbullR...
Forrestania Issues 20m Shares via Option Exercise to Support WA Gold Push
Feb 25, 2026
Forrestania Resources Limited has issued 20 million new ordinary fully paid shares following the exercise of two tranches of unlisted options priced at $0.15 and $0.25, respectively. The company confirmed the issuance was conducted without a prosp...
Forrestania Resources Seeks ASX Quotation for 20.46 Million New Shares
Feb 25, 2026
Forrestania Resources Limited has applied for the quotation of 20,460,000 new fully paid ordinary shares on the ASX, with an issue date of February 25, 2026. The additional securities, arising from exercised options or converted securities, will e...
Forrestania Resources Plans New Share Issue to Raise Capital
Feb 25, 2026
Forrestania Resources Limited has notified the ASX of a proposed issue of up to 736,314 ordinary fully paid shares. The shares are to be issued as part of a placement or similar capital-raising structure, with a proposed issue date of November 25,...
Forrestania Resources Plans Modest Share Placement to Bolster Funding
Feb 25, 2026
Forrestania Resources Limited, an Australian mining and exploration company listed on the ASX under ticker FRS, continues to use equity markets to fund its operational and growth needs. The business focuses on advancing its mineral projects and re...
Forrestania Resources Plans New Share Placement to Raise Capital
Feb 25, 2026
Forrestania Resources Limited has notified the ASX of a proposed issue of 641,379 ordinary fully paid shares under a new placement. The company intends for these securities to be quoted on the ASX, with the proposed issue date set for March 31, 20...
Forrestania expands Eastern Goldfields footprint with all-share tenement deals
Feb 25, 2026
Forrestania Resources has agreed to acquire a suite of exploration licences and applications from Amery Holdings in Western Australia’s Eastern Goldfields, further consolidating its position in this prolific mining region. The deals cover Ex...
Flynn Gold offloads WA assets to sharpen Tasmanian exploration focus
Feb 24, 2026
Flynn Gold has agreed to sell its non-core Forrestania and Lake Johnston exploration projects in Western Australia to Forrestania Resources for A$350,000 in shares, with completion expected by 31 March 2026. The deal will see Flynn become a shareh...
Forrestania Expands Forrestania Hub with Strategic Tenement Acquisition from Flynn Gold
Feb 24, 2026
Forrestania Resources has agreed to acquire a package of exploration licences and applications from Flynn Gold within its Forrestania Hub in Western Australia, paying A$350,000 in fully paid ordinary shares priced at $0.5457 each. The tenements li...
Forrestania Calls Shareholder Vote on Major Equity Issues and Project Acquisitions
Feb 23, 2026
Forrestania Resources Limited has called a general meeting for 27 March 2026 in Perth, where shareholders will vote on several equity-related resolutions tied to acquisitions and prior capital raisings. The meeting will determine the eligibility o...
Forrestania hires Polaris for $5m Lake Johnston crushing circuit upgrade
Feb 22, 2026
Forrestania Resources has appointed Polaris Engineering Services to refurbish the three-stage crushing circuit at its wholly owned Lake Johnston processing facility, in a contract valued at about $5 million. The refurbishment covers major equipmen...
Forrestania Resources Seeks ASX Quotation for Over 1.1 Million New Shares
Feb 20, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 1,112,649 additional ordinary fully paid shares, with an issue date of 20 February 2026. The new securities arise from the exercise or conversion of existing options or other co...
Forrestania Orders Modular Gold Elution Plant for Lake Johnson Hub
Feb 20, 2026
Forrestania Resources has commissioned Como Engineers to supply a fully automated modular 5-tonne Pressure Zadra elution and carbon regeneration plant, complete with gold room equipment and reagents, for its planned Lake Johnson gold processing hu...
Forrestania Resources Seeks ASX Quotation for 17.2 Million New Shares
Feb 10, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 17,218,592 new ordinary fully paid shares, effective 10 February 2026. The move expands the company’s quoted capital base, potentially enhancing liquidity in its stock and...
Forrestania Raises Equity via Option Exercise as It Pursues Tenure Expansion
Feb 10, 2026
Forrestania Resources Limited has issued 250,455 ordinary fully paid shares following the exercise of listed options priced at $0.15 each, providing additional equity capital to the company. The shares were issued without a prospectus under Austra...
Forrestania Resources to List 250,455 New Shares on ASX
Feb 10, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 250,455 additional ordinary fully paid shares, to be issued on February 10, 2026. The new securities arise from the exercise or conversion of existing options or other convertib...
Forrestania Resources Issues 23.97 Million Unlisted Options Expiring 2029
Feb 5, 2026
Forrestania Resources Limited, listed on the ASX under the code FRS, has notified the market of the issue of a large tranche of unquoted equity securities in the form of options, which are not intended to be quoted on the exchange. The company has...
Forrestania Resources Issues 166.2 Million Unlisted Options to Bolster Capital Flexibility
Feb 5, 2026
Forrestania Resources Limited, an Australian mineral exploration company focused on battery and critical metals, is listed on the ASX under the ticker FRS. The company has issued 166,233,749 new unlisted options, each exercisable at $0.24 and expi...
Forrestania Resources Seeks ASX Quotation for 85,601 New Shares
Feb 2, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 85,601 new fully paid ordinary shares under its ticker FRS. The additional securities, issued on 30 January 2026 following the exercise or conversion of existing options or othe...
Forrestania Issues New Shares and Signals Ongoing Tenure Acquisition Push
Feb 2, 2026
Forrestania Resources Limited has issued 85,601 fully paid ordinary shares following the exercise of listed options, and has confirmed via a cleansing notice that the shares were issued without a prospectus while the company remains in compliance ...
Forrestania takes full control of Mt Palmer as it consolidates WA gold hubs
Feb 1, 2026
Forrestania Resources has signed binding agreements to acquire 100% of Aurumin Mt Palmer Pty Ltd, Aurumin Johnson Range Pty Ltd and Aurumin Mt Dimer Pty Ltd from Newcam Minerals, consolidating full ownership of the Mt Palmer gold project and expan...
OzAurum Secures $4.1m Cornerstone Investment from Forrestania to Advance Gold Development
Jan 30, 2026
OzAurum Resources has raised A$4.1 million through a strategic share placement to Forrestania Resources, which will become a 19.9% cornerstone shareholder, in a move that validates OzAurum’s development strategy and strengthens its register ...
Forrestania Takes 19.9% Stake in OzAurum to Boost Eastern Goldfields Gold Exposure
Jan 29, 2026
Forrestania Resources Limited has entered into a strategic investment agreement to acquire a 19.9% stake in OzAurum Resources via a share placement, subscribing for 56.9 million new shares at A$0.072 per share for a total of about A$4.1 million, p...
Forrestania Resources Strengthens Leadership with New Company Secretary Appointment
Jan 29, 2026
Forrestania Resources Limited has appointed experienced resources executive Mark Di Silvio as Company Secretary, effective 1 March 2026, adding extensive financial, commercial and project development expertise to its leadership team. The move is p...
Forrestania Resources Accelerates WA Gold Expansion with Hub-Building Deals and Fresh Capital
Jan 29, 2026
Forrestania Resources used the December 2025 quarter to aggressively expand and consolidate its Western Australian gold-focused asset base while strengthening its corporate structure and funding. The company appointed a new executive chair and tec...
Forrestania Starts Grade-Control Drilling at British Hill as It Advances Toward Production
Jan 28, 2026
Forrestania Resources has commenced a 3,000-metre reverse circulation drilling campaign at its British Hill gold project within the Forrestania Hub, located on granted Mining Lease M77/1256 and about 90km from the company’s Lake Johnston pro...
Forrestania Resources Plans Issue of 26 Million Unlisted Options to Bolster Funding Flexibility
Jan 28, 2026
Forrestania Resources Limited has lodged details of a proposed non‑pro‑rata offer of unlisted options under a disclosure document, as it moves to issue up to 25,974,027 new options with a three-year term and an exercise price of $0.24....
Forrestania Resources Launches Prospectus for 192 Million New Options
Jan 28, 2026
Forrestania Resources plans to issue up to 192,207,796 new options to eligible investors under a transaction-specific prospectus, emphasizing the speculative nature of the offer and urging potential participants to seek professional advice while n...
Forrestania Resources Issues 20 Million Unlisted Options
Jan 28, 2026
Forrestania Resources Limited has notified the market of the issue of new unquoted equity securities in the form of unlisted options, which will not be quoted on the ASX. The company is issuing a total of 20 million unlisted options across two new...
Forrestania Issues New Shares and Flags Ongoing Tenure Acquisition Push
Jan 27, 2026
Forrestania Resources Limited has issued 1,285,558 new ordinary fully paid shares following the exercise of listed options priced at $0.15, and has lodged a cleansing notice confirming that the shares were issued without a prospectus in compliance...
Forrestania Resources Seeks ASX Quotation for 1.28 Million New Shares
Jan 27, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 1,285,558 new fully paid ordinary shares, to be issued on 23 January 2026. The additional securities arise from the exercise or conversion of existing options or other convertib...
Forrestania Resources Plans Issue of 20 Million New Options
Jan 27, 2026
Forrestania Resources Limited has announced a proposed placement involving the issue of up to 20 million new options, split into two tranches of 10 million options each, with a planned issue date of 27 January 2026. The move, disclosed to the ASX ...
7 Enterprises Ceases to Be Substantial Holder in Forrestania Resources After Share Issue
Jan 23, 2026
Forrestania Resources Limited has disclosed that 7 Enterprises Pty Ltd has ceased to be a substantial shareholder in the company as of 22 January 2026. The change was triggered by dilution of 7 Enterprises’ stake following a share issue by F...
Forrestania Resources Share Issue Dilutes Major Holder Below Substantial Threshold
Jan 23, 2026
Forrestania Resources Ltd has disclosed that David Geraghty and associated entities Mandarin Rock Pty Ltd and Roologic Pty Ltd have ceased to be substantial shareholders in the company following dilution arising from a recent share issue. The noti...
Forrestania Resources Investor Ceases to Be Substantial Holder After Share Dilution
Jan 23, 2026
Forrestania Resources Limited has disclosed that shareholders Adam Stewart Robert Turnbull and Premier Waterproofing Pty Ltd have ceased to be substantial holders in the company following a dilution of their stakes caused by a new share issue. Acc...
Forrestania Resources Seeks ASX Quotation for 157 Million New Shares
Jan 22, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 156,965,455 new fully paid ordinary shares under the code FRS. The new securities, issued on 22 January 2026, represent a substantial expansion of the company’s quoted cap...
Forrestania Issues 15 Million Unquoted Options Under Existing Deal
Jan 22, 2026
Forrestania Resources Limited has notified the ASX of the issuance of 15 million unquoted options, split into three equal tranches with exercise prices of $0.40, $0.60 and $0.90, all expiring on 19 January 2029. The options, which are not intended...
Forrestania Completes First Tranche of Share Issuance in Kula Takeover
Jan 22, 2026
Forrestania Resources Limited has completed the first tranche of ordinary share issuances to Kula Gold Limited shareholders who accepted its off-market takeover offer on or before 15 January 2026, marking a key step in advancing its acquisition st...
Forrestania to Proceed With Compulsory Acquisition of Kula Gold Despite Dilution of Stake
Jan 22, 2026
Forrestania Resources Limited, a Western Australia-focused gold exploration and development company, is building a portfolio of high-quality gold projects across the Southern Cross, Eastern Goldfields and Forrestania regions, positioned near major...
Forrestania Resources Seeks ASX Quotation for 28.6 Million New Shares
Jan 21, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 28,571,430 new fully paid ordinary shares, to trade under its existing code FRS. The securities, issued on 19 January 2026 under a previously announced transaction, will increas...
Forrestania Moves to Compulsory Acquisition After Securing Over 90% of Kula Gold
Jan 21, 2026
Forrestania Resources has secured a relevant interest in more than 90% of Kula Gold’s fully paid ordinary shares and at least 75% of the shares it targeted under its off-market takeover bid, positioning it to move to full control. The compan...
Forrestania Resources Grants 15 Million Unlisted Options to Director
Jan 18, 2026
Forrestania Resources Limited has disclosed a change in director Brett James Hodgins’ interests, with the director now holding indirect interests in a total of 15 million unlisted options via Jaybre Holdings Pty Ltd. The options, which were ...
Forrestania Resources Plans Issue of 15 Million New Options
Jan 18, 2026
Forrestania Resources Limited has lodged a notice of proposed securities issue with the ASX, outlining plans to issue up to 15 million new options under three new classes (FRSOPT19, FRSOPT20 and FRSOPT21) via a placement or similar mechanism, with...
Forrestania Resources Plans Equity Placement of Up to 5.96 Million Shares
Jan 16, 2026
Forrestania Resources Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of ordinary fully paid shares. The company, listed under ticker FRS, has not provided additional operational or industry details in this filing.The com...
Forrestania Issues 107m New Shares as It Pursues Further Tenure Acquisitions
Jan 15, 2026
Forrestania Resources Limited has issued 107,383,518 new fully paid ordinary shares, primarily through the second tranche of a shareholder-approved placement, with a small portion arising from the exercise of listed options at $0.15 per option. Th...
Forrestania Resources Seeks ASX Quotation for 159,574 New Shares
Jan 15, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 159,574 new fully paid ordinary shares under its ticker FRS, with the securities issued on 16 January 2026 following the exercise or conversion of existing options or other conv...
Forrestania Resources Seeks ASX Quotation for Over 107 Million New Shares
Jan 15, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 107,223,944 new fully paid ordinary shares under the code FRS, with the securities issued on 16 January 2026. The large share issuance, lodged as a new announcement, indicates a...
Forrestania Boosts Coolgardie Presence With Gibraltar Gold Tenement Acquisition
Jan 15, 2026
Forrestania Resources has signed a Binding Heads of Agreement to acquire the rights, title and interest in the Gibraltar tenement package in Western Australia’s Coolgardie region from Christopher Alan De Courcy Ryder and Lloyd George Holding...
Catalina Reshapes Portfolio With Breakaway Dam Copper Acquisition and New Gold Platform
Jan 12, 2026
Catalina Resources has agreed to acquire 100% of the Breakaway Dam Copper Project from Forrestania Resources, gaining a drill‑ready, copper‑dominant VMS system with confirmed sulphide mineralisation and recent diamond drilling that int...
Forrestania Expands Eastern Goldfields Footprint in Asset Swap with Catalina
Jan 12, 2026
Forrestania Resources has executed a binding asset swap with Catalina Resources under which it will acquire the Laverton Project, comprising three exploration licences adjacent to its existing Eastern Goldfields Hub, in exchange for divesting its ...
Forrestania Wins Shareholder Backing for Capital Raisings and Hyden Acquisition
Jan 12, 2026
Forrestania Resources Limited reported that all resolutions put to shareholders at its 12 January 2026 general meeting were passed by poll, providing strong shareholder endorsement for the company’s current capital-raising and transaction pr...
Forrestania Resources Expands Forrestania Gold Hub with Mantis Acquisition
Jan 12, 2026
Forrestania Resources has moved to strengthen its position in Western Australia’s Forrestania Gold Hub by signing a binding agreement to acquire 100% of Mantis Resources Pty Ltd for $235,000 in shares, securing three additional tenements (tw...
Forrestania Resources Starts Key Diamond Drilling Program at Lady Lila Gold Project
Jan 12, 2026
Forrestania Resources Limited has commenced a 1,300-metre diamond drilling program at its Lady Lila gold project within the Forrestania Hub in Western Australia, the first drilling since the granting of mining lease M77/1325. The campaign is desig...
Forrestania Resources Director Increases Shareholding After Performance Rights Vest
Jan 9, 2026
Forrestania Resources Limited has reported a change in the equity interests of Director Adam Turnbull, reflecting the vesting of previously granted performance-based securities into ordinary shares. The company disclosed that 1,975,000 performance...
Forrestania Director Increases Indirect Shareholding Through Vesting of Performance Rights
Jan 9, 2026
Forrestania Resources Limited has disclosed a change in the indirect equity interests of director Daniel Raihani via his associated entity, 7 Enterprises Pty Ltd. Raihani’s indirect holding has increased to 33,450,000 ordinary fully paid sha...
Forrestania Director Increases Shareholding Through Vesting of Rights and Option Exercises
Jan 9, 2026
Forrestania Resources Limited has disclosed changes in director David Geraghty’s interests in the company’s securities, reflecting the vesting of certain performance rights and the exercise and purchase of listed options. Following the...
Forrestania Issues New Shares as It Advances Acquisition Strategy in WA Goldfields
Jan 9, 2026
Forrestania Resources Limited has issued 9,417,359 new ordinary fully paid shares, comprising shares from the exercise of listed options and the vesting of performance rights previously approved by shareholders. The company also reported that it i...
Forrestania Resources Seeks ASX Quotation for 9.4 Million New Shares
Jan 9, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 9,417,359 new fully paid ordinary shares under its FRS ticker. The additional securities, issued on 9 January 2026 following the conversion of options or other convertible instr...
Forrestania Resources Director Increases Shareholding Following Performance Rights Vesting
Jan 4, 2026
Forrestania Resources has disclosed a change in director Adam Turnbull’s holdings, reflecting the vesting of performance-based equity previously approved by shareholders. The company reported that 1,475,000 performance rights held by Turnbul...
Forrestania Director Increases Shareholding Through Vesting of Performance Rights
Jan 4, 2026
Forrestania Resources has disclosed a change in the indirect holdings of director Daniel Raihani, reflecting an internal equity adjustment rather than a market transaction. The company reported that 1,475,000 performance rights held via 7 Enterpri...
Forrestania Resources Updates Market on Director’s Increased Shareholding
Jan 2, 2026
Forrestania Resources Ltd has disclosed a change in director David Geraghty’s holding in the company, detailing movements in his direct and indirect interests in fully paid ordinary shares, performance rights and listed options. The change a...
Forrestania Issues New Shares as It Advances Goldfields Acquisition Strategy
Jan 2, 2026
Forrestania Resources Limited has issued 4,850,000 new ordinary fully paid shares, comprising 25,000 shares from the exercise of listed options and 4,825,000 shares from the vesting of a tranche of performance rights previously approved by shareho...
Forrestania Resources Seeks ASX Quotation for 4.85 Million New Shares
Jan 2, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 4,850,000 new ordinary fully paid shares. The securities, issued on 31 December 2025 and 2 January 2026 following the exercise of options or conversion of other securities, will...
Forrestania’s Takeover Offer for Kula Gold Turns Unconditional as Control Secured
Jan 1, 2026
Forrestania Resources Limited has provided a formal notice under the Corporations Act regarding the status of conditions attached to its off-market takeover bid for all fully paid ordinary shares in Kula Gold Limited. The company confirmed that th...
Forrestania Seals Lake Johnston Deal and Moves to Convert Plant to Gold Production
Dec 31, 2025
Forrestania Resources has executed a formal sale agreement with Poseidon Nickel, a subsidiary of Horizon Minerals, to acquire the Lake Johnston Project, including tenements, processing plant, buildings and associated infrastructure. The deal terms...
Forrestania Director Increases Exposure Through On‑Market Option Purchase
Dec 31, 2025
Forrestania Resources has advised the ASX of a change in the interests of director David Geraghty in the company’s securities, as required under listing rules. The notice shows that, via an entity controlled by his spouse, Geraghty acquired ...
Glossary
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