Forrestania Resources has completed its acquisition of the British Hill Gold Project near Southern Cross, Western Australia, and appointed MBS Environmental to lead mine development planning.
- Acquisition of British Hill Gold Project finalized
- Mining lease M77/1256 secured 60km south-southeast of Marvel Loch
- MBS Environmental contracted for Mine Development and Closure Program
- Project strengthens Forrestania’s Southern Cross gold portfolio
- Company signals aggressive pursuit of growth objectives
Strategic Acquisition in a Proven Gold Belt
Forrestania Resources Limited (ASX – FRS) has officially completed the acquisition of the British Hill Gold Project, a granted mining lease located approximately 60 kilometres south-southeast of Marvel Loch in Western Australia's prolific Southern Cross region. This move adds a strategically valuable asset to Forrestania’s growing portfolio of gold projects in one of the country’s most mineral-rich greenstone belts.
The British Hill lease, designated M77/1256, sits within an area known for its significant gold mineralisation potential. Forrestania’s acquisition aligns with its broader strategy to consolidate high-quality gold assets in the Southern Cross Greenstone Belt, a region that has historically delivered strong exploration and production results.
Environmental Planning and Development Progress
In tandem with the acquisition, Forrestania has engaged MBS Environmental, a Perth-based consultancy with over two decades of experience in environmental science and engineering, to prepare the Mine Development and Closure Program Submission for British Hill. This critical step is essential for advancing the project towards development and eventual production, ensuring compliance with environmental regulations and sustainable mining practices.
MBS Environmental’s expertise in environmental consulting and geoscience will support Forrestania in navigating the regulatory landscape and optimizing the project’s development plan. The awarding of this contract signals Forrestania’s commitment to responsible resource development and its readiness to progress the British Hill project efficiently.
Growth Ambitions in a Competitive Landscape
Chairman David Geraghty underscored the significance of the acquisition, highlighting how British Hill complements Forrestania’s existing assets and enhances its position in the Southern Cross region. His remarks emphasized the company’s aggressive approach to growth, suggesting that further consolidation or development milestones may be forthcoming.
Forrestania’s portfolio spans gold, copper, and lithium prospects across several key Western Australian greenstone belts, including the Forrestania and Eastern Goldfields regions. The addition of British Hill strengthens the Southern Cross segment of their holdings, which is increasingly becoming a focal point for exploration and potential production ramp-up.
While the announcement did not disclose financial details or specific timelines for resource definition or production, the acquisition and environmental planning contract represent material steps forward. Investors and analysts will be watching closely for updates on exploration results, resource estimates, and capital expenditure plans that could unlock value from British Hill.
Bottom Line?
Forrestania’s British Hill acquisition sets the stage for accelerated development in a key gold province, but the path to production remains to be charted.
Questions in the middle?
- What are the estimated gold resources or reserves at British Hill?
- When will Forrestania release a detailed mine development timeline or capital expenditure plan?
- Could further acquisitions or partnerships be on the horizon to bolster Southern Cross holdings?