Forrestania Resources continues to strengthen its ore supply pipeline, signing a binding Ore Purchase Agreement with High-Tech Metals for potential supply of up to 400,000 tonnes from the Mt Fisher Gold Project over 24 months.
With ore from Taipan and Tumblegum already being hauled to Edna May, preparations are advancing ahead of first ore processing planned for December 2026.
The new agreement adds another future mill feed opportunity, supporting Forrestania’s strategy of combining company owned and third party ore sources across its Edna May and Lake Johnston processing hubs.
Watch the latest update below.
#ForrestaniaResources #ASXFRS #Gold #EdnaMay #LakeJohnston
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗕𝗶𝗻𝗱𝗶𝗻𝗴 𝗢𝗿𝗲 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗛𝗶𝗴𝗵-𝗧𝗲𝗰𝗵 𝗠𝗲𝘁𝗮𝗹𝘀
Forrestania Resources pleased to advise that it has entered into a binding Ore Purchase Agreement with High-Tech Metals Limited relating to the future supply and processing of gold-bearing ore from High-Tech Metals' Mt Fisher Gold Project in Western Australia.
David Geraghty, Executive Chairman, commented:
“The Ore Purchase Agreement with High-Tech Metals continues Forrestania's strategy of establishing a portfolio of third-party ore opportunities around our processing hubs.
As we progress towards the restart of the Edna May Gold Project, Forrestania is already executing on that strategy through the haulage of ore from our Taipan and Tumblegum deposits to Edna May ahead of first ore processing planned for December 2026.
The Mt Fisher Gold Project represents another source of future mill feed and further strengthens the flexibility and scale of our growing ore supply pipeline.
By combining our existing ore inventory, internal development projects and third-party supply opportunities, we are building a diversified and scalable platform for sustained gold production and future growth.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #MtFisher #EdnaMay #Gold #WesternAustraliaMining
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗦𝘆𝗺𝗲𝘀 𝗙𝗶𝗻𝗱 𝗠𝗶𝗻𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝗨𝗽𝗱𝗮𝘁𝗲
Forrestania Resources is pleased to announce a JORC-compliant Mineral Resource Estimate for the Symes Find Deposit of 803,600 tonnes @ 1.00 g/t Au for 25,800oz Au at a 0.5g/t cut off.
David Geraghty, Chairman, Forrestania Resources, commented:
“Symes Find is an excellent example of Forrestania's strategy of acquiring advanced gold assets within trucking distance of Edna May. Following successful mining from the deposit, this updated resource confirms a meaningful remaining gold inventory and further strengthens Forrestania's pipeline of future production opportunities as we move toward first gold at Edna May in December 2026".”
Read full announcement here: cdn-api.markitdigital.com/ap…
#ForrestaniaResources #FRS #GoldResource #JORC #EdnaMay #ASX #WAGold
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗭𝗘𝗡𝗜𝗧𝗛 𝗧𝗔𝗞𝗘𝗢𝗩𝗘𝗥 𝗢𝗙𝗙𝗘𝗥 𝗧𝗢 𝗖𝗟𝗢𝗦𝗘 𝟭𝟮 𝗡𝗢𝗩𝗘𝗠𝗕𝗘𝗥
Forrestania Resources refers to its off-market takeover offer made for 100% of the shares in Zenith Minerals Limited announced to ASX on 9 June 2026.
David Geraghty, Executive Chair, commented:
“Forrestania is pleased to confirm that its Offer for Zenith will close on 12 November 2026 and that the Company has now secured a controlling interest in Zenith, with a relevant interest of 62.04% of Zenith shares.
As previously disclosed, Forrestania intends to progress the next steps contemplated under the Takeover Implementation Deed, subject to compliance with the applicable Takeover Panel Orders and relevant time periods. Detailed information regarding those relevant Orders has been disclosed previously, most recently in the Sixth Supplementary Target's Statement lodged by Zenith dated 23 October 2026.
For Zenith shareholders who have not yet accepted the Offer, this represents a final opportunity to participate in Forrestania's growth strategy. With first ore processing at Edna May approaching and the refurbishment of Lake Johnston continuing to advance, we believe Forrestania is well positioned to create long-term value for shareholders.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#ForrestaniaResources #FRS #GoldMining #EdnaMay #LakeJohnston #ASX
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 – 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟲
Forrestania Resources has released its September 2026 Quarterly Activities Report.
David Geraghty, Executive Chairman, commented:
“The September 2026 quarter marked another significant step in Forrestania's transition toward becoming a Western Australian gold producer. Completion of the Edna May acquisition and associated capital raising established a second strategic processing hub and strengthened the Company's balance sheet.
During the quarter, Forrestania also released our maiden Ore Reserves across British Hill, Edna May, Johnson Range and Tycho deposits, highlighting multiple development pathways supporting our dual-hub strategy centred on Lake Johnston and Edna May. Operationally, the execution mining agreements with MEGA Resources advanced our readiness for production during the December quarter”.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #EdnaMay #LakeJohnston #GoldMining #WesternAustralia #QuarterlyReport
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗭𝗘𝗡𝗜𝗧𝗛 𝗧𝗔𝗞𝗘𝗢𝗩𝗘𝗥 𝗢𝗙𝗙𝗘𝗥 𝗗𝗘𝗖𝗟𝗔𝗥𝗘𝗗 𝗨𝗡𝗖𝗢𝗡𝗗𝗜𝗧𝗜𝗢𝗡𝗔𝗟
Forrestania Resources is pleased to confirm today that its off-market takeover offer for all of the fully paid ordinary shares in Zenith Minerals Limited is now free of all defeating conditions. The Offer is now unconditional.
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #ZenithMinerals #Takeover #GoldDevelopment #ASX #WesternAustralia
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗘𝗱𝗻𝗮 𝗠𝗮𝘆 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗲𝘀 𝘁𝗼 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝗚𝗼𝗹𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻
Forrestania Resources is pleased to provide an operational update on activities at its Edna May Processing Facility and Lake Johnston Processing Facility, where refurbishment, commissioning preparation and production readiness activities continue to advance. Edna May is well advanced, and is being positioned to commence gold production with first ore to be processed in mid-December 2026, subject to the timely expected receipt and installation of final equipment components.
David Geraghty, Executive Chairman, commented:
“Over recent weeks Forrestania has achieved several critical milestones that have significantly improved the outlook for a near-term restart of operations at Edna May.
The tailings lift and mill liner delivery schedules have both advanced materially, reducing project execution risk and creating a credible pathway to first gold production before the end of 2026.
While Lake Johnston continues to make excellent progress, the opportunity to leverage existing infrastructure at Edna May and bring forward gold production has become increasingly compelling. Forrestania seeks to take advantage of Edna May's 'production ready' status, and in parallel continue to progress Lake Johnston through commissioning and into production in early 2027".
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #EdnaMay #LakeJohnston #GoldProduction #WAMining #WAGold
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗧𝗔𝗞𝗘𝗢𝗩𝗘𝗥 𝗨𝗣𝗗𝗔𝗧𝗘 - 𝗭𝗘𝗡𝗜𝗧𝗛 𝗠𝗜𝗡𝗘𝗥𝗔𝗟𝗦
Forrestania Resources provides the following update to Forrestania shareholders in relation to its off-market takeover offer for 100% of the shares in Zenith Minerals Limited following the release of various documents on 13 October 2026.
David Geraghty, Executive Chairman, commented:
“Forrestania always believed that it had made a compelling offer to Zenith Shareholders. That belief was only strengthened when Forrestania was able to negotiate and complete the acquisition of Edna May and raise $310 million following announcement of the Zenith bid.
Forrestania continues to believe that the best home for Zenith’s Consolidated Dulcie Project is within Forrestania, where Zenith Shareholders can continue to have exposure to the ongoing development of that Project by being Forrestania Shareholders.
The offer from Forrestania provides an opportunity for Zenith shareholders to exchange their interest in an early-stage gold exploration company for an interest in a company on the precipice of commencing its own gold production, which is evidence of our team’s ability to develop assets from potential to production in a short period of time.
Forrestania looks forward to freeing the bid of all remaining conditions at the earliest opportunity so that accepting Zenith shareholders, who have waited patiently can receive their Forrestania shares and join us on the journey.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#ForrestaniaResources #ZenithMinerals #FRS #Takeover #GoldMining #ASX #WesternAustralia
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝟮𝟮𝟯,𝟬𝟬𝟬𝗼𝘇 𝗠𝗮𝗶𝗱𝗲𝗻 𝗠𝗶𝗻𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝗗𝗲𝗳𝗶𝗻𝗲𝗱 𝗮𝘁 𝗧𝗮𝗺𝗽𝗶𝗮
Forrestania Resources is pleased to announce a JORC-compliant Mineral Resource Estimate for the Tampia Deposit of 4.6 million tonnes @ 1.50g/t Au for 223,300oz Au at a 0.5g/t cut off.
David Geraghty, Chairman, Forrestania Resources, commented:
“This maiden estimate highlights a significant addition to the Forrestania Mineral Resources inventory, providing additional Mineral Resource ounces within trucking distance of the Edna May processing facility.
With Tampia located within our newly acquired Westonia Hub, we believe this Mineral Resource will play an important role in Forrestania's strategy of establishing long-term gold production supported by multiple deposits located within haulage distance of existing processing infrastructure.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #Tampia #Gold #MineralResource #JORC #EdnaMay #WesternAustralia
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗟𝗮𝗱𝘆 𝗔𝗱𝗮 & 𝗟𝗮𝗱𝘆 𝗠𝗮𝗴𝗱𝗮𝗹𝗲𝗻𝗲 𝗠𝗶𝗻𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝗨𝗽𝗱𝗮𝘁𝗲
Forrestania Resources is pleased to announce a JORC-compliant Mineral Resource Estimate for the Lady Ada & Lady Magdalene Deposits of 4,890,000 tonnes @ 1.82 g/t Au for 285,700oz Au at a 0.5g/t cut off.
David Geraghty, Forrestania Resources' Chairman, commented:
“This updated estimate highlights a significant uplift in Mineral Resources, providing a stronger and more reliable inventory from which to pursue future development opportunities, while preserving a substantial overall resource base of 285,700 ounces of gold.
With The Ladies located within our broader Forrestania Hub, we believe this resource will continue to play an important role in Forrestania's strategy of establishing long-term gold production supported by multiple deposits located within haulage distance of existing processing infrastructure.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#ForrestaniaResources #FRS #Gold #MineralResourceEstimate #LadyAda #LadyMagdalene #JORC #WesternAustralia
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 𝗛𝗶𝗹𝗹 𝗠𝗶𝗻𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝗦𝗼𝗹𝗶𝗱 𝗚𝗿𝗼𝘄𝘁𝗵 𝗕𝗲𝘆𝗼𝗻𝗱 𝟮𝟭𝟬,𝟬𝟬𝟬𝗼𝘇 𝗔𝘂
Forrestania Resources is pleased to announce a JORC-compliant Mineral Resource Estimate for the British Hill Deposit at the Company's Forrestania Hub of 4,120,000 tonnes @ 1.60 g/t Au for 212,400oz Au at a 0.5g/t cut off.
David Geraghty, Forrestania Resources' Chairman, commented:
“This updated Mineral Resource Estimate, released just one month after the previous estimate, represents another important milestone in the growth of the British Hill Mineral Resource.
This update not only materially expands the gold inventory at British Hill but also delivers a significant increase in higher-confidence Indicated Mineral Resources, which now comprise more than half of the total contained gold ounces.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #gold #LakeJohnston #ednamay #wamining
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗖𝗵𝗮𝗻𝗴𝗲 𝗢𝗳 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗲𝗱 𝗢𝗳𝗳𝗶𝗰𝗲 𝗮𝗻𝗱 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗮𝗹 𝗣𝗹𝗮𝗰𝗲 𝗼𝗳 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀
Forrestania Resources advises that its registered office and principal place of business will move, effective Tuesday, 29 September 2026.
📍 𝗡𝗲𝘄 𝗮𝗱𝗱𝗿𝗲𝘀𝘀: Level 3, 5 Mill Street, Perth WA 6000
📬 𝗣𝗼𝘀𝘁𝗮𝗹 𝗮𝗱𝗱𝗿𝗲𝘀𝘀: PO Box 7339, Cloisters Square PO, WA 6850
Read Announcement: investors.forrestaniaresourc…
ASX ANNOUNCEMENT: Forrestania Agrees Tenure Acquisition with Auravelle Metals Ltd
Forrestania is pleased to advise it has executed a binding Share Sale Agreement with Auravelle Metals Ltd to acquire 100% of the issued capital of Sipa Exploration Pty Ltd, providing Forrestania with ownership of a package of granted Western Australian exploration licences.
Forrestania Resources’ Chairman David Geraghty commented:
“This transaction aligns with Forrestania's strategy of securing quality tenure in areas where we can leverage our existing infrastructure and regional expertise. The Sipa tenements complement our existing position and, subject to successful due diligence, have the potential to enhance the long-term growth options available to the Company.”
🔗 Read full announcement: investors.forrestaniaresourc…
#Gold #Mining #ASXNews #FRS #ForrestaniaResources #GoldMining #EdnaMay #WesternAustralia
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗘𝗱𝗻𝗮 𝗠𝗮𝘆 𝗣𝗿𝗲-𝗙𝗲𝗮𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗦𝘁𝘂𝗱𝘆 𝗮𝗻𝗱 𝗢𝗿𝗲 𝗥𝗲𝘀𝗲𝗿𝘃𝗲
Edna May Pre-Feasibility Study demonstrates a significant gold development opportunity underpinned by a maiden 402.8 koz Ore Reserve and leveraging Forrestania's existing Edna May processing and site infrastructure.
David Geraghty, Chairman, Forrestania Resources, commented:
“The Edna May Ore Reserve and Pre-Feasibility Study provide a strong technical and economic basis for the redevelopment of this established gold operation. The study benefits from substantial existing infrastructure, a proven processing facility and a long operating history, while identifying a clear pathway to restart and future production.
With a 400,000-ounce Probable Ore Reserve underpinning 100% of the production target and strong projected cash generation at the PFS gold price assumption, Edna May is expected to form a key part of Forrestania's Westonia Hub strategy.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#ForrestaniaResources #FRS #EdnaMay #Gold #OreReserve #PFS #WestoniaHub
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗧𝘆𝗰𝗵𝗼 𝗣𝗿𝗲-𝗙𝗲𝗮𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗦𝘁𝘂𝗱𝘆 𝗮𝗻𝗱 𝗢𝗿𝗲 𝗥𝗲𝘀𝗲𝗿𝘃𝗲
Tycho Pre-Feasibility Study demonstrates a near-term, execution-ready gold production opportunity leveraging Forrestania’s Edna May processing infrastructure.
David Geraghty, Chairman, Forrestania Resources, commented:
“Tycho demonstrates the strength of Forrestania's hub-and-spoke development model, transforming a quality gold resource into a near-term production opportunity through the utilisation of existing processing infrastructure.
The maiden Ore Reserve and positive Pre-Feasibility Study provide confidence in the project's ability to generate meaningful cash flow while requiring relatively modest capital investment. Importantly, Tycho is expected to become one of several deposits contributing ore to the Edna May hub, supporting our vision of establishing a scalable and sustainable regional gold business.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#ForrestaniaResources #FRS #Tycho #PFS #OreReserve #Gold #EdnaMay
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 𝗛𝗶𝗹𝗹 𝗣𝗿𝗲-𝗙𝗲𝗮𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗦𝘁𝘂𝗱𝘆 𝗮𝗻𝗱 𝗢𝗿𝗲 𝗥𝗲𝘀𝗲𝗿𝘃𝗲
The British Hill Pre-Feasibility Study presents a near-term gold production opportunity leveraging the established Edna May processing infrastructure, with project development well advanced and key approvals progressing in accordance with the planned development schedule.
David Geraghty, Chairman, Forrestania Resources, commented:
“The British Hill Pre-Feasibility Study and Ore Reserve mark a major step forward for the project, converting a substantial portion of the higher-confidence Mineral Resource into Ore Reserves and establishing a clear pathway toward development.
British Hill is a strong fit with Forrestania's hub strategy, with ore planned to be hauled to the established Edna May processing facility. The project has the potential to deliver near-term gold production while further RC and Diamond drilling continues to grow the broader resource and reserve base.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #Gold #BritishHill #OreReserve #PFS #EdnaMay
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗝𝗼𝗵𝗻𝘀𝗼𝗻 𝗥𝗮𝗻𝗴𝗲 𝗣𝗿𝗲-𝗙𝗲𝗮𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗦𝘁𝘂𝗱𝘆 𝗮𝗻𝗱 𝗢𝗿𝗲 𝗥𝗲𝘀𝗲𝗿𝘃𝗲
Johnson Range Pre-Feasibility Study demonstrates a near-term high grade gold production opportunity, strategically located to leverage Forrestania’s Edna May processing infrastructure.
David Geraghty, Forrestania Resources' Chairman, commented:
“The Johnson Range Ore Reserve advances Forrestania's strategy of building near-term gold production opportunities around the Edna May processing hub.
Johnson Range benefits from granted mining tenure, access to established regional infrastructure and the existing Edna May processing facility, providing a clear and capital-efficient pathway toward development.
Importantly, the current production target and financial evaluation are fully underpinned by Ore Reserves, while additional Inferred Mineral Resources within the current pit design provide further potential for resource conversion and mine life extension through future drilling and technical work which is ongoing.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #JohnsonRange #GoldMining #OreReserve #PFS
ASX ANNOUNCEMENT: Forrestania Joins Globally Recognised GDXJ Fund
Forrestania Resources has been added to the VanEck Junior Gold Miners ETF (GDXJ), one of the world’s leading exchange-traded funds focused on junior precious metals companies.
The GDXJ provides investors with exposure to a diversified portfolio of liquid small and mid-cap companies operating across the global precious metals sector.
Executive Chairman David Geraghty said:
"We are very pleased to see Forrestania included in the GDXJ. This represents an important milestone for the Company and reflects the significant progress we have made in advancing our portfolio and growing our profile within the global gold sector. We believe this inclusion validates the quality of our assets, our strategy and the work of our team as we continue to deliver value for shareholders."
Read the full announcement: investors.forrestaniaresourc…
#ForrestaniaResources #ASX #FRS #GDXJ #Gold #GoldMining #WesternAustralia
𝗔𝗦𝗫 𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: 𝗭𝗘𝗡𝗜𝗧𝗛 𝗧𝗔𝗞𝗘𝗢𝗩𝗘𝗥 𝗥𝗘𝗠𝗔𝗜𝗡𝗦 𝗢𝗣𝗘𝗡 𝗙𝗢𝗥 𝗔𝗖𝗖𝗘𝗣𝗧𝗔𝗡𝗖𝗘𝗦
Forrestania Resources acknowledges that the Takeovers Panel has on 17 September 2026 issued its orders in relation to the Zenith Minerals Limited 01 & 02 matters that had been before the Panel, following a declaration of unacceptable circumstances. A copy of the orders has been released to ASX. Those orders require Forrestania to undertake certain steps and Forrestania will comply with those requirements.
David Geraghty, Executive Chairman, commented:
“Forrestania is pleased that the Zenith takeover offer can now proceed with certainty, and Zenith shareholders will soon receive a further supplementary bidder's statement outlining the information required by the Panel and bid instruction matters.
Importantly, reasons for accepting the offer have not changed, and with our acquisition of the transformational Edna May Gold Project now complete, accepting the offer from Forrestania is now more compelling for all Zenith shareholders.
The offer from Forrestania represents the only offer to Zenith shareholders. The offer provides an opportunity for Zenith shareholders to exchange their interest in an early-stage gold exploration company for an interest in Forrestania; a company on the precipice of commencing gold production moving forward into the start of 2027.
Forrestania looks forward to freeing the offer to Zenith shareholders of all remaining conditions at the earliest opportunity. Zenith shareholders who have accepted the offer and have waited patiently whilst these matters have played out, can receive their Forrestania shares and join us on the journey.”
Read full announcement here: cdn-api.markitdigital.com/ap…
#FRS #ForrestaniaResources #ZenithMinerals #GoldExploration
