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How Forrestania’s $34m Lake Johnston Deal Could Unlock Near-Term Gold Production
11:12am on Tuesday 18th of November, 2025 AEDT
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How Forrestania’s $34m Lake Johnston Deal Could Unlock Near-Term Gold Production
11:12am on Tuesday 18th of November, 2025 AEDT
Key Points
Binding agreement to acquire Lake Johnston Project from Poseidon Nickel
Includes 1.5Mtpa flotation and comminution processing plant and infrastructure
Capital raising of $34 million via two-tranche placement and $2 million share purchase plan
Acquisition reduces capital intensity and approvals risk compared to greenfields development
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FORRESTANIA RESOURCES (ASX:FRS)
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