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Foresta Group Holding Limited (ASX:FGH)

ALERT: Price-sensitive ASX Announcement for FGH
Current share price for FGH : $0.011 -0.009 (-45%)+
Announcement
Release
22 Apr 2026 4:55PM
Price at Release
$0.020
Full Release
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Summary
Foresta Group Holdings Limited (ASX: FGH) announced significant progress in its Kawerau Stage 1 Project and financial activities for the quarter ending 31 March 2026. The company executed a formal lease for the Kawerau site in New Zealand, marking a milestone for its biomass manufacturing facility. The project remains on track with its development framework, focusing on design advancement and risk management. Financially, the company reported a cash balance of $4,437,918, with ongoing efforts in securing supply chain partnerships and refining logistics for operational readiness. The quarterly cash flow report highlights operational expenses, including director compensation and project expenditures.
Key Points
  • Formal lease executed for Kawerau site in New Zealand
  • Kawerau Stage 1 Project progressing well with focus on design and risk management
  • Cash balance as of 31 March 2026 is $4,437,918
  • Quarterly activities include operational controls and project management
  • Engagement with local Maori iwi and government bodies for sustainable development
  • Preparation of low carbon process heat feasibility study
  • Collaboration with EECA for geothermal steam utilization
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.