Forrestania Resources Limited (ASX: FRS) has strengthened its regional footprint through a binding agreement to acquire the Gibraltar gold tenements, consolidating its Coolgardie Hub in Western Australia. The acquisition provides granted and active mining tenure adjacent to Forrestania’s existing assets, including mining leases with established vat leaching infrastructure, supporting near-term development optionality.
Consideration is structured to align with exploration success, comprising AU$2.5 million in Forrestania shares, with additional milestone-based payments linked to future JORC-compliant resource announcements, capped at 150,000 ounces. Importantly, the deferred consideration mechanism preserves capital while incentivising resource growth, alongside a modest 1% gross revenue royalty payable only after substantial production thresholds are achieved. The Gibraltar tenure has a long mining history and includes multiple historical stockpiles, offering potential low-risk upside. Overall, the transaction reflects Forrestania’s disciplined consolidation strategy, enhances scale around existing infrastructure, and positions the Company to advance its broader production ambitions across its Western Australian gold portfolio.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Strategic Acquisition Strengthens Forrestanias Coolgardie Growth Platform
Forrestania Resources Limited (ASX: FRS) has strengthened its regional footprint through a binding agreement to acquire the Gibraltar gold tenements, consolidating its Coolgardie Hub in Western Australia. The acquisition provides granted and active mining tenure adjacent to Forrestania’s existing assets, including mining leases with established vat leaching infrastructure, supporting near-term development optionality.
Consideration is structured to align with exploration success, comprising AU$2.5 million in Forrestania shares, with additional milestone-based payments linked to future JORC-compliant resource announcements, capped at 150,000 ounces. Importantly, the deferred consideration mechanism preserves capital while incentivising resource growth, alongside a modest 1% gross revenue royalty payable only after substantial production thresholds are achieved. The Gibraltar tenure has a long mining history and includes multiple historical stockpiles, offering potential low-risk upside. Overall, the transaction reflects Forrestania’s disciplined consolidation strategy, enhances scale around existing infrastructure, and positions the Company to advance its broader production ambitions across its Western Australian gold portfolio.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au