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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an announcement.
Forrestania Resources Limited has completed the acquisition of North Iron Cap Pty Ltd, issuing over 42 million ordinary shares as part of the transaction. The company is actively pursuing additional acquisitions and negotiations for licenses and leases around its existing projects, although there is no guarantee of completion. This strategic expansion aims to enhance Forrestania’s position in Western Australia’s mining districts, potentially increasing shareholder value through systematic exploration and asset growth.
More about Forrestania Resources Limited
Forrestania Resources Limited is a rapidly growing gold exploration and development company focused on building a portfolio of high-quality projects across Western Australia’s premier mining districts. The company is strategically expanding its footprint across the Southern Cross, Eastern Goldfields, and Forrestania regions through disciplined exploration and selective acquisitions, with a commitment to unlocking the broader potential of these highly prospective belts.
Average Trading Volume: 1,323,832
Technical Sentiment Signal: Buy
Current Market Cap: A$86.03M
See more insights into FRS stock on TipRanks’ Stock Analysis page.