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Forrestania Completes Karonie Acquisition Adding 185,700 oz Gold Resource
8:40am on Monday 4th of May, 2026 AEST
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Mining
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Forrestania Completes Karonie Acquisition Adding 185,700 oz Gold Resource
8:40am on Monday 4th of May, 2026 AEST
Key Points
Acquisition includes 16 granted gold tenements covering ~942 km2
JORC Inferred Mineral Resource of 6.5Mt at 0.9 g/t Au for 185,700 oz
Consideration of $5 million via shares plus 1% net smelter royalty
Project adjacent to Vault Minerals and near Ramelius and Northern Star assets
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Forrestania Resources (ASX:FRS)
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