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Forrestania Secures 111,100oz Karonie Gold Resource in $5M Eastern Goldfields Deal
10:02pm on Thursday 26th of March, 2026 AEDT
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Forrestania Secures 111,100oz Karonie Gold Resource in $5M Eastern Goldfields Deal
10:02pm on Thursday 26th of March, 2026 AEDT
Key Points
Binding agreement to acquire 16 gold tenements from Alchemy Resources’ subsidiary Goldtribe
Karonie Gold Project holds 111,100oz inferred mineral resource at 0.8g/t cut-off
Total consideration of $5 million split between cash and Forrestania shares
1% net smelter royalty granted post-settlement with exemptions on first 110,000oz
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FORRESTANIA RESOURCES (ASX:FRS)
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