Forrestania Resources Expands Gold Portfolio with Strategic Acquisition

Forrestania Resources Limited (ASX: FRS) has signed a binding agreement to acquire the gold rights over prospecting license P15/6113 and mining lease application M15/1934, located directly north of its Ada Ann gold project (E15/1632). The mining lease application overlays the prospecting license, with cash consideration payable upon grant. The tenements sit along a contact zone between monzogranite and ultramafic rocks, including komatiites, with gabbroic intrusions that mirror geological settings hosting high-grade gold in nearby deposits such as Rayjax and Christmas Gift.

A prominent magnetic anomaly within the area remains largely untested, presenting strong exploration potential for structurally hosted mineralisation. The acquisition strengthens FRS’s regional footprint in the Bonnie Vale area, complementing recent purchases south of Ada Ann. Upon completion, a 2.5% net smelter return royalty will apply. Recent fieldwork has included soil sampling and fauna and flora surveys, supporting the Company’s ongoing exploration strategy.

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