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Forrestania Resources Limited ( (AU:FRS) ) has shared an update.
Forrestania Resources Limited has announced the commencement of a new drilling program at its Lady Lila gold prospect, following the acquisition of a new tenement adjacent to the site. The company aims to extend the mineralization at Lady Lila, which currently has an inferred mineral resource of 541,000 tonnes at 1.38g/t gold for 24,000 ounces. This initiative is part of their strategy to update the JORC resource estimate and potentially expand the orebody, enhancing their position in the gold mining sector.
More about Forrestania Resources Limited
Forrestania Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. Their primary project is the Lady Lila gold prospect, located in the Forrestania project area in Western Australia.
Average Trading Volume: 2,465,215
Technical Sentiment Signal: Buy
Current Market Cap: A$14.1M
See more data about FRS stock on TipRanks’ Stock Analysis page.