[REVISION HISTORY]

Forrestania Resources gold asset expansion

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2026-09-24 02:47 UTC → 2026-09-24 05:25 UTC · added ~~removed~~

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.~~ hubs as part of a two-hub gold production business.

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