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Forrestania Resources Limited (ASX:FRS)

ALERT: Price-sensitive ASX Announcement for FRS
Current share price for FRS : $0.310 -0.09 (-22.50%)+
Announcement
Release
24 Aug 2026 9:06AM
Price at Release
$0.400
Full Release
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Summary
Forrestania Resources Limited has announced an updated JORC-compliant Mineral Resource Estimate for the British Hill Gold Project, now totaling 3,289,700 tonnes at 1.66 g/t Au for 175,690 ounces of gold, with a cut-off grade of 0.5 g/t Au. The estimate includes 2,030,900 tonnes of indicated resources containing 100,260 ounces of gold. The project is located within the Forrestania Hub in Western Australia, and is part of the larger Southern Cross-Forrestania Greenstone Belt. The mineralisation is characterized by high-grade quartz veins and is considered suitable for conventional open-pit mining. The company plans to continue exploration and development to expand the resource, with drilling ongoing and potential for further growth.
Key Points
  • Updated Mineral Resource Estimate for British Hill Deposit includes 3,289,700 tonnes at 1.66 g/t Au.
  • Indicated resources comprise 2,030,900 tonnes at 1.54 g/t Au for 100,260 ounces.
  • Focused on advancing high-quality gold assets in the Forrestania Hub.
  • Gold mineralisation is hosted in high-grade quartz veins, suitable for open-pit mining.
  • Ongoing drilling program aims to extend and improve resource confidence.
  • The project supports Forrestania's strategy of building a significant Western Australian gold business.
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.