Latest Forrestania Resources News

Forrestania Resources has completed its maiden drilling program at British Hill, revealing significant high-grade gold mineralisation extending deeper and along strike. These promising results set the stage for an expanded Mineral Resource Estimate and further development.

OzAurum Resources has kicked off an 18,000-metre drilling campaign at its Mulgabbie North Gold Project, aiming to confirm high-grade gold zones and accelerate its pathway to production.

Alchemy Resources has agreed to sell its Karonie and Lake Rebecca gold projects to Forrestania Resources for $5 million in shares, while retaining a 1% royalty. This deal marks a strategic refocus on Alchemy’s promising New South Wales assets.

Forrestania Resources has struck a $5 million share-based deal to acquire 16 exploration licences in WA’s Eastern Goldfields, including the promising Karonie Gold Project. This move consolidates its regional presence and supports near-term production goals.

OzAurum Resources has secured environmental approval for Stage 1 of its Mulgabbie North Gold Project, clearing a major regulatory hurdle and accelerating its path to near-term production.

Beacon Minerals Limited has reported a robust half-year performance with gold sales more than doubling to AU$82.6 million and a comprehensive profit of AU$14.8 million, driven by strong production growth and higher gold prices.

Forrestania Resources has agreed to acquire multiple gold exploration tenements from Flynn Gold, consolidating its position in the highly prospective Forrestania Hub of Western Australia. The deal supports Forrestania’s growth strategy and near-term production goals.

Forrestania Resources has contracted Polaris Engineering to refurbish the critical crushing circuit at its Lake Johnston facility, marking a pivotal step towards gold production. The $5 million deal, payable in company shares, aligns with Forrestania’s strategic shift from developer to producer.

Forrestania Resources has contracted Como Engineers to deliver a fully automated modular gold processing plant for its Lake Johnston facility, marking a key step towards production. The $5.57 million plant will be pre-assembled and hot tested to streamline commissioning.

Forrestania Resources has signed a binding ore purchase agreement with Westgold Resources, marking its official transition to gold production with an initial $7.2 million parcel of ore.

OzAurum Resources has kicked off a diamond drilling program at its Mulgabbie North Gold Project to advance heap leach feasibility and open pit design, supported by recent capital raising and ongoing plant refurbishment.

Beacon Minerals has agreed to sell its MacPhersons Reward Project to Forrestania Resources for $5 million in cash and 36 million shares, sharpening its focus on core assets near Coolgardie.