Forrestania Resources Ltd
Forrestania Resources Limited is an Australia-based gold explorer focused across the Forrestania, Southern Cross and Eastern Goldfields regions of Western Australia.
The business
Forrestania Resources Limited is an Australia-based gold explorer focused across the Forrestania, Southern Cross and Eastern Goldfields regions of Western Australia. Its prospective projects are strategically positioned near operating gold mines. Its projects include Forrestania, Westonia, Southern Cross, Bonnie Vale, and Eastern Goldfields, Karonie Gold Project, Lake Rebecca Project, British Hill Project, Coolgardie and Menzies, Mt Dimer, Eastern Goldfields, Hyden Gold Project and others. Its Forrestania project is located in the Archaean Forrestania Greenstone Belt of Western Australia, approximately 80 km east of Hyden. Its Westonia gold project is located at Westonia in the Southern Cross region, WA. The Burracoppin gold project includes around seven exploration licenses and one exploration license application. Its Southern Cross tenements gold project is located in and around the Golden Horse tenements, immediately adjacent to Hopes Hill and consists of around five tenements.
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Latest news
Askari Metals Turns Focus to African Projects after Finalising Sale of Gold Subsidiary
Askari Metals (ASX: AS2) has completed the $700,000 sale of its Australian subsidiary First Western Gold (FWG) to Forrestania Resources (ASX: FRS). The deal, which the two companies announced in mid-September, aligns with Askari’s strategy of focusing on its large African exploration projects. The divestment of seven exploration licenses and an exploration license application – including the […]
Forrestania Resources Looking to Acquire Kula Gold in $58.9 Million Scrip Deal
Forrestania Resources (ASX: FRS) has agreed to acquire Kula Gold (ASX: KGD) in a scrip only offer that values the Western Australian minerals explorer at approximately $58.9 million. Under the terms of the takeover, Forrestania is offering one of its fully paid ordinary shares for every 5.6 shares in Kula, of which it currently owns 12.56%. The implied […]
Askari Metals Raises Funds for African Exploration with Sale of Australian Gold Assets to Forrestania
Askari Metals (ASX: AS2) has added $700,000 to its African exploration funds with the sale of Australian subsidiary First Western Gold to Forrestania Resources (ASX: FRS). The company will receive $250,000 in cash, along with tradable shares currently valued at $450,000, from Forrestania in exchange for seven exploration licenses and one exploration license application in […]
Forrestania Resources expands high-grade gold footprint at Bonnie Vale’s Ada Ann prospect
Forrestania Resources (ASX: FRS) has successfully expanded the known mineralisation at the Ada Ann prospect within its Bonnie Vale project located in Western Australia’s prolific Eastern Goldfields district. The company has now received 1-metre results from the second phase of drilling at Ada Ann, which have returned consistent geological structures. The results have helped extend […]
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