Forrestania Secures Hyden Gold Project Adding 297,500 Ounces

Acquisition Completes Expansion of Forrestania's Gold Resource Base

Forrestania Resources (ASX:FRS) has formally completed its acquisition of 100% of Hyden Project Holdings Pty Ltd, bringing the Hyden Gold Project into its portfolio. The purchase adds a JORC-compliant Mineral Resource of 6.95 million tonnes at 1.33 grams per tonne gold for 297,500 ounces, spread across the Lady Magdalene and Lady Ada deposits. This acquisition lifts Forrestania's total JORC resource to more than 23 million tonnes at 1.22 g/t Au, equating to 907,000 ounces of gold.

The Hyden Project's granted tenements lie approximately 120 kilometres south of Southern Cross and just 17 kilometres southwest of the historic Bounty Mine site, a region with a rich gold mining history. The deposits are situated at the northern end of the Forrestania greenstone belt, a significant geological feature that extends the prolific Southern Cross greenstone belt further south.

Strategic Location Near Lake Johnston Processing Facility

The acquisition consolidates Forrestania's footprint in a highly prospective gold region close to its Lake Johnston processing facility, a key asset in the company's development plans. Chairman David Geraghty highlighted that this step secures a project with an established resource base and considerable exploration upside, positioning Forrestania to advance development activities and move closer to production.

This move builds on the company's recent operational momentum, including ore haulage from British Hill to the Lake Johnston plant, which underscores Forrestania’s strategy of leveraging its processing infrastructure to support resource development across its portfolio.

Legal Clarity Following Supreme Court Decision

The completion follows a favorable Supreme Court of Western Australia ruling that dismissed Classic Minerals Limited's attempt for summary judgment against Hyden Project Holdings over tenement disputes. This legal clarity removes a significant overhang on the project, allowing Forrestania to proceed with confidence in integrating the Hyden assets.

Forrestania had previously signaled its intent to exercise the acquisition option after the court decision, which confirmed the company's control over the granted tenements underpinning the resource estimate.

Resource Details and Exploration Potential

The Hyden Gold Project's resource includes 5.6 million tonnes at 1.32 g/t Au for 237,400 ounces at Lady Magdalene and 1.35 million tonnes at 1.39 g/t Au for 60,161 ounces at Lady Ada. Historical mining at Lady Ada extracted 27,154 ounces from an open pit between 2002 and 2003, while Lady Magdalene remains unmined, located just 100 metres north of Lady Ada mineralisation.

These deposits provide a solid foundation for Forrestania’s exploration and development ambitions, with potential for resource upgrades through ongoing drilling and geological work. The company’s broader portfolio, including projects like Karonie and Burracoppin, complements this acquisition by expanding its resource base across Western Australia’s premier gold districts.

Forrestania’s methodical approach to exploration, demonstrated by recent high-grade drilling results at British Hill and Johnson Range, continues to underpin its growth strategy. The company is also advancing resource development at Burracoppin and Karonie, further diversifying its asset base.

Consolidation in Western Australia’s Gold Belts

The acquisition of Hyden fits neatly into Forrestania’s vision of consolidating high-quality gold assets within established mineral provinces. The Forrestania hub, adjacent to historic operations like the 1 million-ounce Bounty Mine, offers a compelling platform for future production. The company’s regional strategy spans the Southern Cross and Eastern Goldfields districts, targeting long-term development opportunities supported by a growing resource inventory.

With the Hyden Project now secured, Forrestania is better positioned to leverage its Lake Johnston processing facility, which has recently commenced ore haulage from British Hill, marking a tangible step toward production readiness.

As Forrestania integrates the Hyden assets, market participants will be watching how the company balances exploration, resource upgrades, and development milestones across its expanding portfolio.

Supreme Court ruling dismisses Classic Minerals’ challenge was a pivotal moment that cleared the path for this acquisition, while the ongoing ore haulage to Lake Johnston signals operational progress supporting Forrestania’s growth ambitions.