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Forrestania Resources Limited
(Sydney:FRS)
Forrestania Resources Limited (FRS) vs. iShares MSCI Australia ETF (EWA)
Forrestania Resources Limited Business Overview & Revenue Model
Forrestania Resources Limited Financial Statement Overview
| 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
Forrestania Resources Limited Peers Comparison
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$30.74M | -10.19 | -24.90% | ― | ― | ― | |
47 Neutral | AU$28.57M | -6.38 | -6.28% | ― | -100.00% | -146.48% | |
47 Neutral | AU$26.01M | 1.48 | 34.97% | ― | ― | -11.01% | |
43 Neutral | AU$400.21M | -3.44 | -31.56% | ― | ― | 86.21% | |
43 Neutral | AU$28.91M | 8.28 | 2.76% | ― | ― | 26.92% | |
41 Neutral | AU$40.49M | -11.08 | -17.92% | ― | ― | -18.92% |
Forrestania Resources Limited Corporate Events
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 convertible instruments, will expand the company’s quoted capital base and may modestly enhance liquidity and funding flexibility for its ongoing resource activities.
The most recent analyst rating on (AU:FRS) stock is a Sell with a A$0.42 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 remains in discussions over multiple potential acquisitions around its existing project areas, but none have progressed to a stage requiring further disclosure, underscoring both its growth ambitions and the current lack of certainty for additional near-term transactions.
Forrestania continues to methodically expand its footprint across key gold districts, aiming to build scale that can support long-term development and future production through its Lake Johnston processing facility. The latest share issuance reflects the company’s strategy of using equity to secure strategic tenements, which may enhance its project pipeline and long-term value proposition for shareholders as it consolidates its presence in highly prospective belts.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 base.
The share issuance, dated 18 March 2026, reflects the company’s use of equity to fund or settle tenement transactions. This move underscores Forrestania’s ongoing strategy of growing its asset portfolio through corporate and project-level deals rather than solely through cash outlays.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 company is progressing towards gold production through its wholly owned Lake Johnston processing facility and is focused on defining substantial resources near established mining operations.
The company has issued a clarification regarding its earlier announcement on the completion of the Jaurdi Hills acquisition, retracting a statement about the quality and extent of mineralisation at the Derry’s Own and Pride of Jaurdis deposits. Forrestania stated that it does not currently have sufficient information to report those mineralisation characteristics in compliance with ASX Listing Rules and has advised investors to disregard and not rely on the withdrawn comment, underscoring a cautious approach to disclosure obligations.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 gold tenements near Jaurdi Hills in its Coolgardie hub. The deal, structured as low-cost and performance-linked, expands Forrestania’s footprint around its Bonnie Vale Project with several granted mining licences, positioning the company to leverage nearby toll treatment facilities and focus capital on resource growth and a potential transition toward gold production in Western Australia.
Chairman David Geraghty said the acquisition is a key step in building a meaningful land position in a proven gold belt, strengthening the company’s broader project pipeline. With existing regional processing options and strong geological potential at the Derry’s Own and Pride of Jaurdis deposits in the Jaurdi Hills-Dunnsville greenstone belt, Forrestania sees a clear pathway to development as it aims to establish itself as Western Australia’s next gold producer.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 explorer to a producer. The milestone delivery of first ore is expected to generate initial production cash flow while Forrestania continues refurbishing its Lake Johnston processing plant, aimed at establishing stand-alone gold operations and expanding its long-term production profile.
Management has highlighted the strategic evolution toward becoming a meaningful gold producer, underpinned by a growing tenement footprint across the Goldfields. The combination of third-party processing via Westgold and the planned in-house processing capability at Lake Johnston positions Forrestania to increase operational flexibility, scale output over time, and potentially enhance its competitive standing in the regional gold sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 convertible securities, will expand the company’s quoted capital base and may enhance its liquidity and access to equity funding for ongoing resource activities.
The move signals continued corporate activity and potential growth initiatives within Forrestania’s resource portfolio, as a larger free float can improve trading conditions for investors. While the announcement is primarily procedural, the increase in listed securities underscores the company’s reliance on equity markets to support its exploration and development strategy in the competitive mining sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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-grade gold intersections, supporting the geological model of quartz-vein hosted mineralisation in the Southern Cross–Forrestania Greenstone Belt.
The drilling confirms that gold mineralisation at British Hill extends down dip to the east and along strike to the north and south, indicating potential to expand the existing Mineral Resource Estimate. With further assay results pending and the project located on a granted mining lease close to a processing facility, the results strengthen the project’s development credentials and could enhance Forrestania’s growth prospects in the WA gold sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 of the company’s regular disclosure obligations as an ASX-listed entity and is supported by its established corporate governance structure, including an executive chairman, non-executive directors, and an external auditor in Hall Chadwick WA Audit Pty Ltd.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.61 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 the public markets allows the company to fund exploration, maintain listing compliance, and potentially strengthen its balance sheet for future development opportunities.
The company has lodged a notice of a proposed issue of up to 7,725,587 new ordinary fully paid shares via a placement or similar issue, with a planned issue date of December 10, 2026. The additional equity is expected to broaden Forrestania’s capital base and may dilute existing holdings while providing fresh funding capacity that could influence its operational flexibility and positioning within the exploration industry.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 over about 942 sq km in the Kurnalpi Terrain and transfers an inferred mineral resource of 2.96 Mt at 1.2 g/t gold for 111,100 ounces.
Alchemy will also retain a 1% net smelter royalty over all minerals from the tenements, excluding the first 110,000 ounces of gold from the Parmelia, KZ5 and Taupo deposits, providing ongoing exposure to future production. The transaction is expected to strengthen Alchemy’s balance sheet, allow greater focus on its Yellow Mountain and Overflow copper-gold projects and other assets, and enhance Forrestania’s gold footprint near established operations east of Kalgoorlie, subject to standard due diligence, shareholder, regulatory and third-party approvals.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 Karonie Project spans about 942 square kilometres in the Kurnalpi Terrain greenstones and hosts an inferred mineral resource of 111,100 ounces at a 0.8 g/t gold cut-off.
The tenements lie close to existing operations and processing plants run by Vault Minerals, Ramelius Resources and Northern Star Resources, giving Forrestania potential access to nearby infrastructure and an established gold district. The company says the transaction consolidates a significant land position in its Eastern Goldfields hub while preserving cash, underpinning its strategy to advance near-term production ambitions across its Western Australian gold portfolio.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 may enhance liquidity in its stock for existing and prospective shareholders.
The application under Appendix 2A reflects the conversion or exercise of existing options or other convertible securities into ordinary shares. This capital structure change signals ongoing investor engagement with Forrestania’s equity and could support future funding flexibility for its mineral exploration and development activities.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.69 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
S&P Dow Jones Indices has announced the March 2026 quarterly rebalance of the S&P/ASX index family, with multiple constituent changes across the S&P/ASX 20, 50, 100, 200 and 300 effective before the market opens on March 23. The reshuffle includes Northern Star Resources entering the S&P/ASX 20 in place of Santos, additions such as Light & Wonder and PLS Group to the S&P/ASX 50, and several resource-focused and emerging companies joining the broader indices while names like Lendlease, Netwealth, Pinnacle and others are removed, signalling a tilt toward resources and growth names that could drive index-tracking fund flows and shifts in investor exposure across the Australian equity market.
The changes in the S&P/ASX 100 and 200 bring in Greatland Resources, Regis Resources, Westgold Resources, Predictive Discovery, SRG Global and Vulcan Energy Resources, among others, while removing companies including Lendlease Group, Catapult Sports, DigiCo Infrastructure REIT and EBOS Group. In the S&P/ASX 300, a wide range of smaller and mid-cap companies, particularly in mining, resources, technology and specialist sectors, are added, which may enhance their visibility and liquidity as they enter key benchmarks used by passive strategies and active managers for performance comparison and stock selection.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.69 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 prospectus under relevant Corporations Act provisions and confirmed it remains compliant with its financial reporting and continuous disclosure obligations, indicating no undisclosed information material to investors’ assessment of the company or the new shares.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.69 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 step within the resources sector.
Following the acquisition, consideration shares in Forrestania owed to former Kula shareholders are being held in trust until shareholders submit their claims and instructions. This process ensures that ownership is fully transferred while giving former Kula investors a clear mechanism to obtain their new Forrestania holdings, supporting an orderly transition for stakeholders.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.69 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 existing options or other convertible securities, will expand the company’s tradable equity base and may enhance liquidity for current and future shareholders.
The move signals ongoing capital activity by Forrestania Resources as it continues to fund its operations and growth initiatives through equity markets. Increased free float on the ASX can improve price discovery and broaden the shareholder register, potentially supporting the company’s positioning and flexibility in future funding or strategic transactions.
The most recent analyst rating on (AU:FRS) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 strategy of selective acquisitions to build its project base across key Western Australian mining districts.
The company has confirmed that the new shares were issued without a prospectus under the Corporations Act’s cleansing provisions and that it remains compliant with its financial reporting and continuous disclosure obligations. By validating that no additional undisclosed information is required for investors to assess the company or the rights attaching to the new shares, Forrestania aims to maintain transparent market conditions while progressing its growth and near-term production plans.
The most recent analyst rating on (AU:FRS) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 enhancing trading liquidity and providing further capital flexibility for its ongoing resources activities.
The issue of these new shares follows transactions previously flagged to the market through an earlier Appendix 3B lodgement. This step formalises the admission of the new securities to quotation, signalling progress in Forrestania Resources’ capital management plans and aligning its share register with prior corporate actions.
The most recent analyst rating on (AU:FRS) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 market, expanding the company’s quoted capital base and potentially enhancing liquidity for shareholders.
The application under Appendix 2A formalises the transition of these securities from issuance to trading status on the exchange. While no additional operational or strategic details are provided, the move signals ongoing capital activity that may support the company’s future corporate or funding initiatives.
The most recent analyst rating on (AU:FRS) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 associated with him and his spouse. The transactions significantly increase Geraghty’s indirect holdings in Forrestania, underscoring a heightened financial alignment between the director and the company’s future performance, which may be closely watched by existing and prospective shareholders.
The notice details purchases totaling millions of new shares and options, alongside some disposals of options, with consideration exceeding A$2.9 million across the related entities. While the filing is primarily a compliance disclosure under ASX rules, the scale of the increased stake may be interpreted by the market as a vote of confidence in Forrestania’s prospects and could influence investor sentiment regarding the company’s valuation and governance stability.
The most recent analyst rating on (AU:FRS) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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, Turnbull’s direct holding increased by 10 million shares to 44.26 million, while his performance rights and indirect shareholding through Premier Waterproofing Pty Ltd remain unchanged.
The notice outlines the disposal of 30 million unlisted options at varying exercise prices and the corresponding value considerations associated with these instruments. The adjustments refine the director’s equity exposure, signalling a shift from derivative-based incentives to a larger direct shareholding, which may be read by investors as stronger alignment with ordinary shareholders’ interests.
The most recent analyst rating on (AU:FRS) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 prospectus under Australian Corporations Act provisions, supported by a cleansing notice stating it is up to date with financial reporting and continuous disclosure obligations.
The additional equity strengthens Forrestania’s capital base as it advances its gold exploration and development pipeline in Western Australia, including its strategy to move toward production via the Lake Johnston processing facility. By affirming there is no undisclosed price-sensitive information relevant to assessing its financial position or the rights attached to the new shares, Forrestania aims to provide regulatory clarity and maintain investor confidence as it continues expanding its portfolio in key mining districts.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 expand the company’s quoted capital base and may enhance liquidity and funding capacity for its ongoing resource activities.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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, 2026.
The company has applied for quotation of the new securities on the ASX in line with listing rule requirements. This planned issuance will modestly expand Forrestania’s share base and is likely aimed at strengthening its capital position to support ongoing corporate or exploration activities.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 relies on share placements as part of its capital management strategy.
The company has announced a proposed issue of up to 25,988 new fully paid ordinary shares. The placement, scheduled for issue on 22 May 2026, will modestly increase the company’s share base and is intended to provide additional funding flexibility for its ongoing activities and commitments.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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, 2026, signaling a move to raise additional capital and support its ongoing corporate and operational objectives.
The placement reflects Forrestania Resources’ continued use of equity markets to fund its activities and maintain liquidity. By expanding its share base through this new issuance, the company may strengthen its financial position while modestly diluting existing shareholders, a typical trade-off for exploration-focused entities seeking growth capital on the ASX.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 Exploration Licence E25/663 for $125,000 in shares and a larger package of seven additional licences and three applications for $300,000 in shares, with pricing based on a five-day volume weighted average price.
By funding the acquisitions entirely in equity, Forrestania aims to preserve cash while expanding its exploration footprint around its existing granted mining tenure. The strategic consolidation is intended to bolster the company’s regional scale and support its ambitions to move its West Australian gold portfolio toward near-term production, potentially enhancing its competitiveness and operational flexibility in the Eastern Goldfields hub.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 shareholder in Forrestania while offloading several exploration licences and applications in the Forrestania and Lake Johnston regions.
The transaction marks another step in Flynn’s broader strategy to divest or joint venture its Western Australian assets following a prior sale at Mount Dove to Northern Star Resources in 2025. Management said the move will free up financial and technical resources to intensify exploration of Flynn’s Tasmanian gold, silver and critical mineral projects, including ongoing drilling at the Henty Silver-Lead Project.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 lie in a highly prospective gold belt that already hosts significant mineralisation, enhancing Forrestania’s footprint in this district.
The transaction is positioned as a strategic consolidation of ground surrounding Forrestania’s existing granted mining tenure, aligning with its regional growth strategy while preserving cash for project advancement. By expanding its contiguous land position near processing infrastructure, the company aims to strengthen its pipeline of potential gold projects and support its ambitions for near-term production, subject to completion of satisfactory due diligence.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 of shareholders as at 25 March 2026 to approve these share and option issuances, which collectively shape the company’s capital structure and ownership dynamics.
Key items include approval to issue consideration shares to holders of KGD options, ratification of previously issued attaching options to participants in a capital raising, and approval to issue shares worth $235,000 as part of acquiring Mantis Resources Pty Ltd. These resolutions, along with proposed share issues of up to $5.2 million to acquire and fund the Gibraltar Project and ratification of shares issued to Outback Minerals, signal a strategic push to expand Forrestania’s project base while potentially diluting existing shareholders in pursuit of growth.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 equipment, piping, cabling and instrumentation, and is structured as a scrip-based payment plan using Forrestania shares.
The work is expected to be delivered within roughly 25 weeks and is described by Forrestania as a key step in its shift from gold developer to gold producer. By prioritising the crushing circuit and preserving cash through share-based payments, the company aims to optimise existing on-site infrastructure while advancing parallel workstreams in resource development, mine planning and operational readiness for its planned gold production hub.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 convertible securities, modestly increasing the company’s free float and potentially enhancing liquidity for current and prospective shareholders.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 hub. The skid-mounted plant, priced at $5.57 million and due within 30 weeks, will be fully hot tested and pre-commissioned offsite to minimise on-site construction, aiming to accelerate and de-risk the start of gold processing while leveraging Como’s award-winning expertise in modular minerals processing plants.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 supporting previously announced transactions, with implications for existing shareholders’ ownership dilution and future capital management flexibility.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 Australian Corporations Act provisions, with the company confirming it is compliant with its financial reporting and continuous disclosure obligations and that no further material information is being withheld from investors.
The company reiterated that it continues to pursue acquisition opportunities to expand its tenure around existing and contracted projects in Western Australia, although current discussions have not yet progressed to imminent transactions and may not result in completed deals. This approach underlines Forrestania’s strategy of growing its gold project pipeline through both exploration and potential acquisitions, which could enhance its long-term resource base and development options if successful.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 convertible securities, modestly expanding the company’s share base and potentially providing additional capital to support ongoing operations and exploration activities.
This incremental issuance is relatively small in scale but reflects continued investor participation in Forrestania’s equity instruments. The quotation of these new shares will slightly dilute existing holders while enhancing the company’s tradable float, which may improve liquidity in FRS stock and support its positioning in the Australian mining and exploration market.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 issued 23,973,881 unlisted options, each exercisable at $0.24 and expiring on 5 February 2029, under a previously announced transaction, a move that expands its pool of potential future equity capital and may impact the dilution profile and incentive structure for existing stakeholders over the medium term.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 expiring on 5 February 2029, as part of previously announced transactions, expanding its pool of unquoted equity securities and potentially increasing future capital inflows if the options are exercised, which may have implications for existing shareholders’ dilution and the company’s funding flexibility.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 other convertible securities, will slightly increase the company’s free float and share capital base, providing marginal additional liquidity for shareholders once admitted to quotation.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 with its continuous and financial reporting obligations. The company also reiterated its strategy of pursuing additional tenure around its existing projects through ongoing acquisition negotiations, while cautioning that there is no certainty any of these potential transactions will be completed, a stance that underscores both its growth ambitions and the inherent uncertainty facing shareholders and other stakeholders regarding near-term expansion outcomes.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 expanding its Johnson Range and Mt Dimer tenement holdings. The all-share transactions, valued at a combined A$24.16 million, increase Forrestania’s control over key mining leases and exploration licences in the Southern Cross and Mt Dimer hubs, aligning consideration with future exploration success and preserving cash as the company positions Mt Palmer as a key ore source in its push toward gold production from the Lake Johnston facility, with existing shareholder Newcam remaining exposed to the region’s consolidation upside.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 with additional mining and processing expertise. The funds will be used to advance heap leach feasibility and development at the James Stage 1 Open Pit at Mulgabbie North, support early mine development and ongoing exploration across the broader project area, and provide working capital, following recent high-grade grade-control drilling that has de-risked the project and underpinned plans for early production.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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, priced in line with OzAurum’s recent 10-day VWAP. The move gives Forrestania meaningful exposure to OzAurum’s near-term heap leach development activities at the James Stage 1 Open Pit within the Mulgabbie North Project in the Eastern Goldfields, and is positioned as a disciplined, portfolio-building step that strengthens Forrestania’s foothold in an emerging Western Australian gold development story, potentially enhancing its growth profile and leverage to high-grade gold production for shareholders.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 positioned as a key step in strengthening the company’s executive capability as it advances project financing, commercial structuring and offtake agreements to support its strategy of transitioning into a near-term gold producer and accelerating growth across its Western Australian project portfolio.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 technical director, gained control of fellow ASX-listed Kula Gold, agreed to acquire the Lake Johnston processing facility and associated infrastructure to create a central processing hub, completed multiple project and tenement acquisitions across its Forrestania, Westonia, Burracoppin and Mt Dimer hubs, and commenced exploration drilling. These moves, backed by a completed $32 million placement and an upsized and completed share purchase plan totalling up to $5 million, position Forrestania to advance from pure exploration towards a more integrated regional development strategy, with potential implications for its growth trajectory and competitive standing in the Western Australian gold sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 processing facility. The program, focused on grade-control drilling to support near-term open pit mining, forms part of a larger 90,000-metre RC and grade-control drill program awarded to Kalgoorlie-based VM Drilling, which has agreed to accept payment for the first six months in Forrestania shares, underscoring both parties’ confidence in advancing British Hill from a previously studied project into a near-production asset and moving Forrestania closer to producer status.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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. The options are scheduled to be issued on 5 February 2026 following a short offer period closing on 4 February 2026, a move that, if fully taken up and later exercised, would provide additional capital and potentially dilute existing shareholders while supporting the company’s funding flexibility for future operational and exploration plans.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 noting cross-border compliance requirements for Australian and New Zealand investors. The offer aims to strengthen the company’s capital structure for ongoing exploration initiatives, underscoring the regulatory framework governing its securities and the need for investors to understand associated risks.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 security classes, formalised under an Appendix 3G filing, indicating a move to further structure its incentive or financing arrangements without immediate dilution in the quoted share market.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 with the Corporations Act’s continuous disclosure and reporting requirements. The company reiterated its strategy of pursuing additional tenure around its existing Western Australian projects through ongoing acquisition negotiations, while cautioning there is no certainty any of these potential deals will be completed, signalling both a drive for growth and the usual transactional risks for investors monitoring its expansion plans.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 convertible instruments, modestly increasing the company’s listed share capital and potentially improving liquidity for shareholders, while signaling ongoing engagement with equity-based funding mechanisms.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 via an Appendix 3B filing, signals the company’s intention to expand its securities on issue, potentially providing additional funding flexibility and altering its capital structure, with implications for existing shareholders’ dilution and the company’s capacity to support future operational or strategic initiatives once the terms of the options are set.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 Forrestania Resources, affecting 33,450,000 fully paid ordinary shares and the associated voting rights, signalling a shift in the company’s share register that may slightly rebalance voting influence among remaining shareholders.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 notice shows that the change in substantial holding status was due to the issue of new fully paid ordinary shares by Forrestania, which reduced the relative voting power of these holders without any consideration changing hands, signalling a shift in the company’s ownership structure that may modestly rebalance influence among remaining investors.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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. According to the notice, their combined relevant interests of more than 36 million fully paid ordinary shares were diluted without any consideration changing hands, signaling a shift in the company’s shareholder register that may marginally alter voting dynamics and the distribution of influence among remaining major investors.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 capital base and signal an important capital markets move that may support future corporate or project activities, with implications for existing shareholders through increased share supply and potential shifts in ownership structure.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 to be quoted on the ASX, form part of a previously announced transaction and represent a structured incentive or funding mechanism that could, if exercised, provide additional capital and potentially dilute existing shareholders over the longer term.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 strategy. Remaining consideration shares for Kula shareholders who accepted after that date will be issued by 12 February 2026 in line with statutory timeframes, with further updates to follow on the completion of the takeover and compulsory acquisition process, which is expected to strengthen Forrestania’s growth trajectory and project pipeline in Western Australia’s gold sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 mining operations and historic producing mines to support long-term development opportunities and shareholder value creation. The company has disclosed a change in substantial holding in takeover target Kula Gold Limited following the exercise of options by Kula shareholders, which has diluted Forrestania’s stake to 88.08%, but confirmed that, under Australian corporations law, it will still proceed with the compulsory acquisition of all outstanding Kula Gold shares, including the newly issued stock, as its takeover offer reaches its scheduled close, reinforcing its strategic expansion in the gold sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 increase the company’s free float and potentially broaden its shareholder base, marking a notable capital markets step that may support future funding and operational flexibility.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 company has begun the compulsory acquisition process under the Corporations Act to acquire the remaining Kula shares on the same terms as its takeover offer, with completion expected in February 2026, after which Kula shareholders who did not accept the offer will be able to claim their consideration, effectively finalising the takeover and consolidating Forrestania’s ownership of Kula.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 issued for no cash consideration following shareholder approval at a general meeting on 12 January 2026, are split into three tranches of 5 million each with exercise prices of $0.40, $0.60 and $0.90, all expiring on 19 January 2029, highlighting an incentive structure closely tied to the company’s future share price performance and aligning the director’s interests with long-term shareholder value.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 the proposed issue date of 16 January 2026. The capital-raising initiative, through these additional options, is designed to bolster the company’s funding flexibility for its exploration and development activities, potentially leading to future equity inflows if the options are exercised and signalling continued efforts to support its project pipeline and maintain its position in the competitive junior resources market.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 company plans to issue up to 5,956,636 new ordinary fully paid shares via a placement or similar capital-raising mechanism, with a proposed issue date of 31 March 2026. The move signals an intention to raise additional equity capital, which may affect the company’s capital structure and share dilution for existing investors once terms are finalised and the securities are quoted on the ASX.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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. The company reiterated its strategy of pursuing additional acquisitions to consolidate tenure around its existing projects in Western Australia but cautioned there is no certainty that ongoing negotiations will lead to completed transactions, while confirming it has complied with its continuous and financial reporting obligations under the Corporations Act.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 convertible securities. The modest increase in quoted capital reflects ongoing utilisation of equity-linked instruments by the company and will marginally dilute existing shareholders while providing additional listed stock to the market.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 significant change to the company’s capital structure that could influence liquidity and ownership dynamics once the securities commence trading.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 Holdings for $2.5 million in Forrestania shares, valued using a five-day VWAP. The deal includes mining leases M15/60 and M15/193, which host approved and operating vat leaching infrastructure, and prospecting licence P15/6203, situated within and adjacent to Forrestania’s existing Coolgardie Hub; additional contingent payments of $40,000 per 1,000 ounces of JORC-compliant gold resources (up to 150,000 ounces) will be made half in cash and half in shares, and Gibraltar will receive a 1% gross revenue royalty on gold production after 150,000 ounces have been mined. Management positions the acquisition as a strategic consolidation of historically mined, stockpile-rich tenure that aligns consideration with exploration success while preserving capital, strengthening Forrestania’s regional growth strategy and potential pathway to production in a key Western Australian gold district.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 intersected broad and higher‑grade copper and Cu–Zn zones, creating a strong pipeline of follow‑up exploration targets. As part of a broader portfolio optimisation, Catalina will divest its Laverton gold assets to Forrestania, fund the deal entirely in equity and options to preserve cash, secure a $0.5 million strategic placement from Newcam Minerals to support near‑term exploration, and add a second district‑scale gold growth platform via the acquisition of Auric North, moves that collectively sharpen its strategic focus, enhance exposure to a structurally constrained copper market, and align counterparties’ interests with long‑term shareholder value creation.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.38 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 Breakaway Dam copper-focused exploration licence. In addition to consolidating its gold-focused footprint around Laverton, Forrestania will receive Catalina shares and options representing an initial stake of about 10%, allowing it to offload a non-core asset while retaining exposure to copper and gold upside through Catalina’s exploration programs on Breakaway Dam and other greenstone belts, thereby strengthening its strategic position in the Eastern Goldfields and broadening its indirect commodity exposure.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.38 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 program. Investors approved the ratification and further issue of placement shares in two tranches, the issue of attaching and corporate adviser options, the issue of shares to Goldzone Investments, the ratification of an agreement to issue shares to Horizon Minerals Limited, and the re-approval to issue securities to acquire the Hyden project, collectively strengthening Forrestania’s funding base and supporting its ongoing project and acquisition strategy.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 (two granted exploration licences and one application) around the Lake Johnston operations. Alongside this, Forrestania has applied for two further exploration licence applications in the same area, extending a largely contiguous package of ground in a structurally and geologically attractive belt, which is expected to enhance its exploration pipeline and consolidate its strategic foothold near the Lake Johnston processing facility.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 designed to test the extent of the Lady Lila mineralisation along strike and at depth, building on an upgraded mineral resource estimate of 1.2 million tonnes at 1.03 grams per tonne gold for 40,513 ounces, while also generating core for metallurgical and geotechnical studies that will support statutory submissions for project development targeted for late 2026, marking a key step in Forrestania’s broader plan to progress its portfolio toward multi-asset gold production.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 rights from Tranche 2 and Tranche 7, which had shareholder-approved vesting conditions, have converted into an equal number of fully paid ordinary shares at no cash consideration, increasing Turnbull’s direct shareholding to 32,781,763 shares while reducing his performance rights to 10,900,000. This internal equity adjustment signals the achievement of key milestones tied to executive incentives and modestly strengthens director alignment with shareholders through a higher direct ownership stake.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 shares and 10,900,000 performance rights following the vesting of certain performance rights tranches previously approved by shareholders. The transaction involved the conversion of 1,975,000 performance rights into an equivalent number of ordinary shares at nil consideration, reflecting the satisfaction of vesting conditions and signalling continued alignment of the director’s remuneration and incentives with shareholder value.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 satisfaction of vesting conditions for two tranches of performance rights previously approved by shareholders, Geraghty’s indirect holding via Mandarin Rock Pty Ltd increased by 2,375,000 fully paid ordinary shares while an equivalent number of performance rights were converted, and his spouse-controlled entity Roologic Pty Ltd both purchased and exercised options, resulting in a higher total shareholding and a reduction in outstanding options. The adjustments underscore ongoing equity-based remuneration and capital management practices that incrementally increase director alignment with the company’s long-term performance and expand the free float of ordinary shares held by insiders.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 is progressing the orderly completion of earlier announced acquisitions and is actively negotiating additional potential acquisitions of equity, licences and leases around its existing projects and across the wider Goldfields region, although there is no certainty that these negotiations will result in executed agreements or completed transactions; Forrestania confirmed its compliance with continuous disclosure and financial reporting obligations, indicating a transparent capital management and growth strategy that could underpin future expansion of its exploration portfolio and affect shareholder dilution and project pipeline depth.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 instruments, will expand the company’s quoted share base and may enhance its market liquidity and capital position, with implications for existing shareholders’ dilution and future funding flexibility.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 Turnbull vested and were converted into the same number of fully paid ordinary shares at no cash consideration, increasing his direct shareholding to 30,806,763 shares while reducing his performance rights balance to 12,875,000; his indirect shareholding through Premier Waterproofing Pty Ltd remains unchanged. The move underscores the operation of Forrestania’s long-term incentive structure, aligning executive remuneration with performance milestones and potentially reinforcing investor confidence in the company’s governance and incentive practices.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 Enterprises Pty Ltd have vested, converting into an equal number of ordinary fully paid shares at nil consideration after the satisfaction of a shareholder‑approved vesting condition, increasing Raihani’s indirect shareholding to 31,475,000 shares and reducing his performance rights to 12,875,000, which may modestly realign his incentives with long‑term shareholder value.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 arises from the vesting of Tranche 1 of previously approved performance rights, resulting in the issue of additional ordinary shares at no cash consideration and a corresponding reduction in performance rights, a routine corporate governance disclosure that modestly increases Geraghty’s equity exposure and aligns his incentives further with shareholders.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 shareholders. The company stated it remains in active negotiations over potential acquisitions of equity, licences and leases around its existing projects and across the wider Goldfields region, while working toward the orderly completion of acquisitions already announced, highlighting the ongoing expansion of its project portfolio and strategic positioning in Western Australia’s gold sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 increase the company’s quoted share capital, potentially broadening its investor base and enhancing liquidity in its stock.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 the minimum acceptance condition has been satisfied, all other defeating conditions have been waived, and the offer is now wholly unconditional, with Forrestania already holding 82.04% voting power in Kula. The offer remains open until 22 January 2026, positioning Forrestania to secure effective control of Kula and potentially reshape its asset base and strategic footprint within the resources sector.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 have been amended so that Forrestania has already paid $8 million in cash, with a remaining $20 million in cash and $5 million in Forrestania shares to be paid at completion following a shareholder meeting slated for 12 January 2026. In parallel, Forrestania has begun early contractor involvement to convert the Lake Johnston processing facility from nickel to gold, engaging specialist firms for environmental approvals, non-process infrastructure, process plant engineering, mining studies, and financial modelling, positioning the company to move rapidly toward assessing and potentially initiating future gold production from its existing resources.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
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 946,110 listed options on-market for $111,121.20 between 16 and 24 December 2025, lifting that holding to 2,486,958 options, while his substantial existing holdings of fully paid ordinary shares and performance rights remain unchanged, signalling continued financial exposure and alignment with shareholders.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
Beacon Minerals Limited has agreed to sell its non-core Mt Dimer mining and exploration tenements in Western Australia to Forrestania Resources Limited for A$50,000, under a binding Tenement Sale Agreement that includes associated mining information. In addition, Forrestania will pay A$150,000 for a pre-emptive right over a separate group of Mt Dimer-area tenements should Beacon later choose to sell them, while Beacon plans to continue drilling those retained tenements to grow resources and reserves ahead of a potential mining decision; proceeds from the transaction will be directed to working capital, reinforcing Beacon’s strategy of monetising non-core assets and reducing ongoing costs to focus on core gold operations.
Forrestania Resources has agreed to acquire three mining leases and one exploration licence at its Mt Dimer Hub from Beacon Minerals for $50,000 in cash, while also securing pre-emptive rights over additional Beacon mining and miscellaneous licences in the same area for a further $150,000. The transactions expand Forrestania’s footprint in a structurally and geologically prospective part of the Marda-Diemals Greenstone Belt, consolidating its land position around Mt Dimer and potentially enhancing its future exploration pipeline and development options by securing tenure along key structures such as the Dimer-Jackson Fault and improving access via established regional infrastructure.
Forrestania Resources Limited has declared its off-market takeover offer for all fully paid ordinary shares in Kula Gold Limited wholly unconditional by waiving all remaining defeating conditions attached to the bid. The company has also extended the offer period from 8 January 2026 to 22 January 2026, giving Kula shareholders additional time to consider the proposal, a step that underscores Forrestania’s commitment to completing the acquisition and could materially affect control of Kula and the strategic consolidation of their respective resource assets.
Forrestania Resources has declared its off‑market takeover offer for Kula Gold unconditional and now holds a 76.07% interest in Kula’s issued share capital, paving the way to reconstitute Kula’s board so that it operates as a Forrestania subsidiary with a majority of Forrestania-appointed directors while retaining at least two existing Kula directors. The offer period has been extended to 22 January 2026 to give remaining Kula shareholders additional time to accept, with the boards of both companies unanimously recommending acceptance as Forrestania seeks to consolidate Kula’s assets into its broader gold strategy and advance towards first gold production in 2026 following the proposed Lake Johnston processing plant acquisition, leaving non-accepting shareholders exposed to the risks of remaining as minorities in a controlled entity.