Forrestania Resources Ltd

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 (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 (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 (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 […]