Top Page
Forrestania Resources Limited
(Sydney:FRS)
Forrestania Resources Limited (FRS) vs. S&P 500 (SPY)
Forrestania Resources Limited Business Overview & Revenue Model
Forrestania Resources Limited Financial Statement Overview
| Breakdown | |||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -30.92K | -70.89K | -36.63K | 0.00 | EBIT |
| -1.45M | -1.52M | -2.12M | -204.22K | EBITDA |
| -1.36M | -1.58M | -2.08M | 0.00 | Net Income Common Stockholders |
| -5.93M | -1.65M | -2.12M | -205.58K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 459.04K | 2.12M | 1.59M | 22.31K | Total Assets |
| 6.29M | 10.16M | 6.99M | 217.42K | Total Debt |
| 0.00 | 0.00 | 0.00 | 197.64K | Net Debt |
| -459.04K | -2.12M | -1.59M | 175.33K | Total Liabilities |
| 178.38K | 805.45K | 196.09K | 365.50K | Stockholders Equity |
| 6.11M | 9.35M | 6.80M | -148.08K |
| Cash Flow | Free Cash Flow | ||
| -3.10M | -3.87M | -3.46M | -89.19K | Operating Cash Flow |
| -1.15M | -1.30M | -1.07M | -61.69K | Investing Cash Flow |
| -1.95M | -2.56M | -2.39M | -27.50K | Financing Cash Flow |
| 1.45M | 4.40M | 5.02M | 111.50K |
Forrestania Resources Limited Technical Analysis
Forrestania Resources Limited Peers Comparison
Forrestania Resources Limited Corporate Events
Forrestania Resources Limited reported significant progress in its exploration activities for the quarter ending March 31, 2025. The company completed a follow-up drilling program at the Ada Ann prospect, which yielded high-grade gold intersections, underscoring the prospect’s potential. Additionally, Forrestania raised $860,910 through two placements and exercised options for the Bonnie Vale and Breakaway Dam projects, indicating strategic expansion in its operations.
Forrestania Resources Limited announced the results of its Extraordinary General Meeting, where all proposed resolutions were passed. These resolutions included the ratification of prior issues of shares and options, as well as approvals for new share placements to directors and other stakeholders. The successful passing of these resolutions supports the company’s strategic initiatives and strengthens its financial position, potentially enhancing its operational capabilities and market competitiveness.
Forrestania Resources Limited has announced the cessation of 1,500,000 options that expired on February 17, 2025, without being exercised or converted. This cessation of securities may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
Forrestania Resources Limited has revised and exercised its option agreement with Outback Minerals Pty Ltd for the Bonnie Vale and Breakaway Dam projects. The revised terms include deferring a $1.1 million share consideration until May 2026 and making a $100,000 cash payment upon exercise. This extension allows Forrestania to continue exploration and drilling activities, particularly at the Ada Ann prospect within the Bonnie Vale project, which has shown high-grade gold results. The Breakaway Dam project also presents potential for copper and lithium exploration. This agreement provides Forrestania with more certainty and time to explore these key tenement packages, enhancing their exploration potential and positioning in the mining industry.
Forrestania Resources Limited has announced significant results from its second phase of drilling at the Ada Ann prospect within the Bonnie Vale Project. The drilling has extended the gold mineralization by 60 meters to the south and remains open at depth, with a notable intersection of 4 meters at 16 grams per tonne of gold. These results not only confirm the presence of high-grade gold mineralization at depth but also enhance the project’s prospectivity, potentially impacting the company’s operational strategy and stakeholder interests positively.
Forrestania Resources Limited reported its financial results for the half-year ending 31 December 2024, showing a significant reduction in losses compared to the previous year. The company’s net assets increased by 6%, attributed mainly to the capitalization of exploration expenditure, despite a decrease in revenue and cash flow challenges.
Forrestania Resources Limited has announced a proposed issue of 20,036,411 fully paid ordinary securities, scheduled for issuance on May 7, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and support its ongoing resource development projects, potentially impacting its market position and stakeholder interests.
Forrestania Resources Limited has successfully secured firm commitments for a placement of 20,036,400 shares at $0.025 per share, raising $500,910 before costs. This placement, completed at a 29.7% premium to the 10-day VWAP, reflects strong investor confidence in the company’s gold exploration projects. The funds will be used for drilling programs at the Lady Lila prospect, where significant mineral resources have been identified, and for further exploration at the Ada Ann prospect. The placement highlights the company’s strategic focus on expanding its gold exploration activities and strengthening its market position.
Forrestania Resources Limited (FRS), a company listed on the Australian Securities Exchange, has requested a trading halt on its securities. This pause in trading is pending an announcement about a proposed capital raise. The trading halt is expected to last until the company releases the announcement or until normal trading resumes on March 12, 2025. The company aims to finalize the details of the capital raise during this period, indicating a strategic move to potentially enhance its financial position.
Forrestania Resources Limited has announced a comprehensive review and update on its Lady Lila gold prospect, highlighting plans for further extensional and exploration drilling. The Lady Lila site has an inferred mineral resource of 541,000 tonnes grading at 1.38g/t for 24,000 ounces of gold, with significant exploration potential due to its geological similarity to the nearby Bounty Gold Mine. The company aims to capitalize on current high gold prices to enhance shareholder value, with environmental and heritage surveys already completed to facilitate further drilling.
Forrestania Resources Limited has announced a change in the indirect interest of its Director, Daniel Raihani. The change involved the acquisition of 500,000 fully paid ordinary shares through an on-market trade, increasing Raihani’s total holding to 24,491,000 shares, reflecting enhanced confidence in the company’s future prospects.
Forrestania Resources Limited announced a change in the director’s interests, specifically related to Daniel Raihani. As part of this change, the director indirectly acquired 2,000,000 fully paid ordinary shares through 7 Enterprises Pty Ltd, bringing the total to 23,991,000 shares. This acquisition was executed through an on-market trade, valued at $36,309.73.
Forrestania Resources Limited has announced a change in the director’s interest notice concerning John Hannaford. The changes involve the acquisition of 369,098 fully paid ordinary shares valued at $6,643.76 through indirect interests linked to several entities where Hannaford is a director and shareholder. This update is significant as it reflects ongoing adjustments in the company’s leadership and shareholding structure, which may influence stakeholder perceptions and the company’s market positioning.
Forrestania Resources Limited has announced positive assay results from the Ada Ann prospect within its Bonnie Vale Project, indicating high-grade gold mineralization open in all directions. The completion of phase 2 drilling further supports the potential for significant gold deposits in the area, enhancing the project’s strategic value. This progress, combined with recent investor support, positions the company to advance its exploration efforts across multiple sites, including a renewed focus on the Lady Lila gold project.
Forrestania Resources Limited has announced the appointment of Daniel Raihani as a new director, effective February 18, 2025. Daniel Raihani holds a significant interest in the company through 7 Enterprises Pty Ltd, which possesses 21,991,000 ordinary shares, indicating a substantial stake and potential influence in the company’s future direction.
Forrestania Resources Limited announced that David Izzard has ceased to be a director of the company as of February 18, 2025. The final director’s interest notice indicates that Izzard did not hold any registered securities in the company at the time of his departure, but he had indirect interests through entities that held shares and options in Forrestania Resources.
Forrestania Resources Limited announced a board change with the resignation of Director David Izzard and the appointment of Daniel Raihani as a Non-Executive Director. Raihani’s substantial investment in the company underscores his confidence in its gold exploration strategy amid favorable market conditions. The transition is viewed positively, positioning the company for future growth in the gold sector.
Forrestania Resources Limited announced a significant change in its shareholder composition with the entry of 7 Enterprises Pty Ltd as a substantial shareholder. This development results from the allocation of Tranche 1 of the Placement and market purchases, potentially impacting the company’s strategic direction and stakeholder interests.
Forrestania Resources Limited has issued 18,491,000 ordinary fully paid shares as part of Tranche 1 of a placement announced earlier in February 2025. The shares were issued at $0.01 each and an application for quotation on the ASX has been lodged. This move supports the company’s capital-raising efforts to fund its ongoing exploration activities. The announcement underscores the company’s compliance with the Corporations Act and ASX listing rules, ensuring transparency and adherence to regulatory standards, which may bolster investor confidence.
Forrestania Resources Limited has announced the quotation of 18,491,000 fully paid ordinary shares on the Australian Securities Exchange (ASX), effective February 17, 2025. This move is part of previously announced transactions aimed at expanding the company’s securities base, potentially increasing its capital and market influence.
Forrestania Resources Limited has initiated a second phase of reverse circulation (RC) drilling at its Ada Ann prospect within the Bonnie Vale Project in Western Australia. This program aims to expand on promising initial drilling results by exploring depth and strike extensions of the mineralization. Located in a strategically significant area with largely unexplored greenstone terrain, the Ada Ann prospect is central to Forrestania’s exploration efforts, promising potential growth in its regional opportunities and strategic value.
Forrestania Resources Limited announced a successful $360,000 capital raising through a non-brokered private placement of shares, with significant investment from Ultra Capital’s CEO, Daniel Raihani, who now holds a 7% interest in the company. The funds will be used to further explore the Ada Ann prospect at the Bonnie Vale project, reflecting strong investor confidence in the company’s exploration strategy and potential for gold discovery.
Forrestania Resources Limited (ASX: FRS) has requested a trading halt on its securities as it prepares for a proposed capital raise. The halt will remain until either the company announces the capital raise details or the start of normal trading on February 12, 2025. This action indicates Forrestania’s strategic efforts to secure additional funding, potentially impacting its financial operations and market positioning.