# Forrestania Resources gold asset expansion > Live situation record from CLSTR: https://clstr.news/situations/forrestania-resources-gold-asset-expansion > Updated: 2026-09-23T01:24:57.000Z. Sources: 7. Developments: 2. Forrestania Resources has expanded its gold assets and resource estimates in Western Australia through strategic acquisitions and drilling. In early September, the company completed a $300 million acquisition of the Edna May Gold Project from Ramelius Resources. This transaction, involving $210 million in cash and $90 million in shares, provided Forrestania with a second processing hub and increased its global mineral resource estimate to approximately 2.078 million ounces. By late September, Forrestania reported a 21 per cent increase in its British Hill gold resource, bringing the total to 212,400 ounces. This growth was driven by an ongoing drilling campaign and includes a significant increase in the higher-confidence indicated resource category. A prefeasibility study for British Hill suggests the project could generate A$104.8 million in pre-tax free cash flow, supporting the company’s strategy to utilize the Edna May and Lake Johnston processing hubs as part of a two-hub gold production business. ## Timeline ### 2026-09-23: Gold exploration advances with high-grade hits in Australia and West Africa Mining companies report significant gold exploration successes, including high-grade drill hits in Western Australia and Côte d’Ivoire, and resource expansions at several key projects. 7 sources. https://clstr.news/cluster/forrestania-resources-increases-british-hill-gold-resource-to-212400-ounces ### 2026-09-07: Forrestania completes $300 million Edna May gold project acquisition Forrestania Resources has acquired the Edna May Gold Project from Ramelius Resources for $300 million, pushing its global gold resource estimate above two million ounces. 2 sources. https://clstr.news/cluster/forrestania-completes-300-million-edna-may-gold-project-acquisition --- Cite as: Forrestania Resources gold asset expansion. CLSTR, https://clstr.news/situations/forrestania-resources-gold-asset-expansion