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Forrestania Resources Limited
(Sydney:FRS)
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Rating:42Neutral
Price Target:
AU$0.29
▼(-30.24% Downside)
Action:Reiterated
Date:09/15/26
The score is held down primarily by weak financial performance (large losses, limited revenue scale, and significant cash burn), with only the debt-free, better-capitalized balance sheet providing a partial offset. Technicals remain negative (below major moving averages and negative MACD), and valuation signals are constrained by negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
The absence of debt reduces solvency and refinancing risk, while avoiding mandatory interest payments that could further pressure an early-stage explorer. This gives management greater flexibility to allocate available capital toward resource evaluation and project development over the next several quarters.
Negative Factors
Large losses and minimal revenue
The very small revenue base relative to the net loss shows that the company has not established commercial scale or sustainable profitability. Persistently high losses can consume capital, constrain reinvestment, and leave future earnings dependent on successful progression of exploration assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt reduces solvency and refinancing risk, while avoiding mandatory interest payments that could further pressure an early-stage explorer. This gives management greater flexibility to allocate available capital toward resource evaluation and project development over the next several quarters.
Read all positive factors
Forrestania Resources Limited (FRS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$752.69M
Dividend YieldN/A
Average Volume (3M)7.62M
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue GrowthN/A
EPS Growth-566.67%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,467,834,500
10 Day Avg. Volume3,908,002
30 Day Avg. Volume7,616,665
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.20
Price to Sales (P/S)515.77
P/FCF Ratio-7.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.05Price Target Upside150.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Forrestania Resources Limited Business Overview & Revenue Model
Company Description
Based in West Perth, Australia, and established in 2021, Forrestania Resources Limited is actively involved in the exploration and development of mineral projects throughout Western Australia. The company primarily targets gold, lithium, and nicke...
Forrestania Resources Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 613.73K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -24.73M | -3.74K | -30.92K | -70.89K | -36.63K |
| EBITDA | -29.59M | -881.06K | -5.90M | -1.58M | -2.08M |
| Net Income | -31.28M | -1.42M | -5.93M | -1.65M | -2.12M |
Balance Sheet | |||||
| Total Assets | 330.67M | 7.48M | 6.29M | 10.16M | 6.99M |
| Cash, Cash Equivalents and Short-Term Investments | 7.76M | 920.39K | 459.04K | 2.12M | 1.59M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 67.59M | 461.12K | 178.38K | 805.45K | 196.09K |
| Stockholders Equity | 263.08M | 7.02M | 6.11M | 9.35M | 6.80M |
Cash Flow | |||||
| Free Cash Flow | -41.11M | -1.82M | -1.16M | -3.87M | -3.46M |
| Operating Cash Flow | -5.49M | -583.99K | -1.15M | -1.30M | -1.07M |
| Investing Cash Flow | -82.76M | -1.24M | -1.95M | -2.56M | -2.39M |
| Financing Cash Flow | 95.09M | 2.28M | 1.45M | 4.40M | 5.02M |
Forrestania Resources Limited Technical Analysis
Negative
0.42
Price Trends
0.35
Negative
0.38
Negative
0.45
Negative
Market Momentum
>-0.01
Positive
39.56
Neutral
-3.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRS, the sentiment is Negative. The current price of 0.42 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.35, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.56 is Neutral, neither overbought nor oversold. The STOCH value of -3.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FRS.
Forrestania Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$567.63M | 14.01 | 12.48% | 235.60% | 29.37% | 102.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$648.41M | -56.98 | -4.83% | 3.03% | ― | 30.19% | |
47 Neutral | AU$307.76M | -51.09 | -4.32% | ― | ― | 5.15% | |
42 Neutral | AU$752.69M | -7.74 | -19.64% | ― | ― | -566.67% | |
42 Neutral | AU$398.02M | -30.87 | -13.86% | ― | ― | 56.36% | |
41 Neutral | AU$147.28M | -3.29 | -45.72% | ― | ― | 10.08% |
* Basic Materials Sector Average
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Forrestania Resources Limited Corporate Events
Forrestania Updates Symes Find Gold Resource, Bolstering Edna May Pipeline
Oct 28, 2026
Forrestania Resources has released an updated JORC Mineral Resource Estimate for the Symes Find gold deposit, now standing at 0.8 million tonnes at 1.00 grams per tonne for 25,800 ounces of gold at a 0.5 gram per tonne cut-off. This follows prior ...
Forrestania Advances Dual-Hub Gold Strategy with Edna May Acquisition
Oct 27, 2026
Forrestania Resources has completed the acquisition of the Edna May Gold Project, securing a fully permitted 2.9Mtpa processing plant and associated infrastructure to establish its second gold processing hub in Western Australia. This asset is int...
Zenith Board Backs Forrestania Takeover for Long-Term Investors
Oct 23, 2026
Zenith Minerals Limited, an ASX-listed resources company, is the subject of an off-market takeover bid by Forrestania Resources Limited, with the deal intended to form a combined group that could enhance scale and market positioning in the Austral...
Forrestania Declares Zenith Takeover Offer Unconditional as Stake Nears 59%
Oct 21, 2026
Forrestania Resources has declared its off-market takeover bid for Zenith Minerals unconditional after satisfying the minimum acceptance condition and freeing the offer from all remaining defeating conditions. The move follows Takeovers Panel orde...
Forrestania Declares Zenith Takeover Offer Unconditional After Panel Orders
Oct 21, 2026
Forrestania Resources Limited has confirmed that the minimum acceptance condition for its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals Limited has been satisfied, freeing the offer from that key defeating condition...
Forrestania Strikes Ore Purchase Deal with Star Minerals for Tumblegum Gold Project
Oct 21, 2026
Forrestania Resources has signed a binding ore purchase agreement with Star Minerals to buy and process gold-bearing ore from the Tumblegum Gold Project through its Edna May processing facility in Western Australia. The deal initially covers up to...
Forrestania Advances Zenith Minerals Takeover After Panel-Ordered Disclosures
Oct 13, 2026
Forrestania Resources has updated shareholders on its off-market takeover bid for Zenith Minerals, confirming it has satisfied corrective disclosure requirements imposed by the Takeovers Panel and dispatched the relevant documents to Zenith invest...
Zenith Issues Fifth Supplement to Target Statement on Forrestania Takeover Bid
Oct 13, 2026
Zenith Minerals has released a fifth supplementary target’s statement in response to Forrestania Resources’ ongoing off-market takeover bid for all Zenith shares, updating shareholders on the evolving terms and implications of the offe...
Forrestania Issues Fourth Supplementary Statement in Zenith Takeover Bid
Oct 13, 2026
Forrestania Resources Limited has lodged its fourth supplementary bidder’s statement with ASIC in relation to its ongoing off-market takeover bid for Zenith Minerals Limited. The corrective disclosure formalises updated terms and information...
Forrestania Extends Zenith Takeover Offer Again, Grants Shareholder Withdrawal Rights
Oct 13, 2026
Forrestania Resources Limited has further extended its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals Limited, pushing the closing date from 16 June 2026 to 5:00 p.m. AWST on 12 November 2026. The extension reflect...
Forrestania Director Increases Indirect Shareholding via On-Market Purchase
Oct 8, 2026
Forrestania Resources has reported a change in the securities held by director David Geraghty, in line with ASX disclosure rules. The update details his direct and indirect holdings through entities associated with him and his spouse, reflecting t...
Forrestania Resources Moves AGM and Shareholder Communications Online
Oct 8, 2026
Forrestania Resources Limited has announced that its Annual General Meeting will be held on 25 November 2026 in Perth, Western Australia, with shareholder eligibility determined as of the afternoon of 23 November 2026. The company is shifting towa...
Takeovers Panel asked to review Zenith Minerals’ handling of rival funding offer amid Forrestania bid
Oct 6, 2026
Ida Metal Investments, a substantial shareholder in Zenith Minerals and an associate of Aurenne Group Holdings, has applied to the Takeovers Panel over Zenith’s handling of a competing funding proposal during Forrestania Resources’ rec...
Forrestania boosts high-confidence gold resources at Western Australian Ladies Project
Sep 29, 2026
Forrestania Resources has updated the JORC-compliant mineral resource estimate for its Lady Ada and Lady Magdalene gold deposits, now totalling 4.89 million tonnes at 1.82 grams per tonne for 285,700 ounces of gold at a 0.5 g/t cut-off grade. The ...
Forrestania director boosts stake with $532,000 share purchase
Sep 23, 2026
Forrestania Resources Ltd has disclosed a change in director David Geraghty’s holdings following an on-market purchase of fully paid ordinary shares. The transaction highlights ongoing director participation in the company’s equity, wh...
Forrestania lifts British Hill gold resources to 212,400 ounces
Sep 23, 2026
Forrestania Resources has reported a new JORC-compliant Mineral Resource Estimate for its British Hill Deposit of 4.12 million tonnes at 1.60 grams per tonne gold, totalling 212,400 ounces at a 0.5 g/t cut-off. This represents a 21% increase in to...
Forrestania Resources shifts Perth head office amid expansion-focused gold strategy
Sep 23, 2026
Forrestania Resources Limited, an Australian gold exploration and development company, is focused on expanding its Western Australian gold portfolio through disciplined exploration and acquisitions. The company’s strategy is anchored in deve...
Forrestania Director Increases Indirect Shareholding via On-Market Purchase
Sep 23, 2026
Forrestania Resources Ltd has reported a change in the shareholdings of director David Geraghty, detailing adjustments to his direct and indirect interests in the company’s securities. The disclosure forms part of the company’s ongoing...
Forrestania Director David Geraghty Lifts Indirect Shareholding
Sep 21, 2026
Forrestania Resources has disclosed a change in director David Geraghty’s interests following an on‑market purchase of fully paid ordinary shares. Through Roologic Pty Ltd, a company controlled by his spouse, Geraghty acquired 600,000 ...
Forrestania to Acquire Auravelle’s Skeleton Rocks Tenements in WA
Sep 20, 2026
Forrestania Resources has executed a binding agreement to acquire 100% of Sipa Exploration Pty Ltd from Auravelle Metals, securing a package of four granted exploration licences at Skeleton Rocks in Western Australia. The deal consideration is $25...
Forrestania Extends Zenith Minerals Takeover Offer to Late October
Sep 18, 2026
Forrestania Resources Limited has extended the offer period for its off-market takeover bid for all fully paid ordinary shares of Zenith Minerals Limited, pushing the closing date to 5:00pm AWST on 21 October 2026. This marks the ninth extension o...
Forrestania Advances Construction at Lake Johnston Processing Facility
Sep 18, 2026
Forrestania Resources Limited reported ongoing progress at its wholly owned Lake Johnston Processing Facility, highlighting continued construction and refurbishment across multiple workstreams ahead of commissioning. The company noted key achievem...
Forrestania’s Edna May study outlines 10-year gold project with strong cash flows
Sep 18, 2026
Forrestania Resources has completed a Pre-Feasibility Study for its Edna May gold deposit, confirming a maiden Ore Reserve of 12.6 million tonnes at 0.99 grams per tonne for 402,800 ounces of gold, all classified as Probable. The study is underpin...
Forrestania’s British Hill Study Charts Near-Term Gold Output Leveraging Edna May Plant
Sep 18, 2026
Forrestania Resources has completed a Pre-Feasibility Study for its British Hill gold project, outlining a near-term, 24‑month operation fully underpinned by a maiden Ore Reserve of 1.56 million tonnes at 1.43 grams per tonne for 71,900 ounc...
Forrestania’s Tycho PFS Delivers Maiden Ore Reserve and Near-Term Gold Output
Sep 18, 2026
Forrestania Resources has completed a Pre-Feasibility Study for its Tycho gold deposit, delivering a maiden Ore Reserve of 418,000 tonnes at 1.10 grams per tonne for 14,700 ounces of gold, all classified as Probable. The study outlines a short eig...
Forrestania’s Johnson Range Study Backs High-Grade, Near-Term Gold Project
Sep 18, 2026
Forrestania Resources has completed a Pre-Feasibility Study for its Johnson Range project, confirming a short-life but high-grade gold operation fully supported by a new Ore Reserve of 308kt at 2.88g/t for 28.5koz. The study outlines an 11‑m...
Forrestania Resources Added to VanEck Junior Gold Miners ETF
Sep 17, 2026
Forrestania Resources has been added to the VanEck Junior Gold Miners ETF (GDXJ), a globally recognised exchange-traded fund that provides exposure to a diversified portfolio of small and mid-cap precious metals companies. The inclusion places For...
Forrestania Confirms Zenith Takeover Offer Remains Open After Panel Orders
Sep 17, 2026
Forrestania Resources Limited is an Australian gold-focused company listed on the ASX. With the completion of its acquisition of the Edna May Gold Project, Forrestania is moving from exploration toward becoming a gold producer, targeting the start...
Takeovers Panel Orders Extra Disclosure in Forrestania–Zenith Bid
Sep 17, 2026
The Takeovers Panel has issued final orders in relation to an off‑market takeover bid by Forrestania Resources Limited for Zenith Minerals Limited, following applications from Zenith shareholders Harvest Lane Asset Management and Ida Metal I...
Forrestania Drilling Extends High-Grade Gold at British Hill
Sep 17, 2026
Forrestania Resources has reported a new batch of assay results from 15 additional reverse circulation drill holes at its British Hill Gold Project in Western Australia. The results show multiple high-grade gold intersections, confirming that mine...
Forrestania Issues Shares for Services Amid Zenith Takeover Panel Review
Sep 16, 2026
Forrestania Resources Limited has issued 24,086,166 fully paid ordinary shares as non-cash consideration to three service providers for engineering, transportation, haulage and exploration drilling work. The shares were issued without a prospectus...
Forrestania Resources Seeks ASX Quotation for 16.5 Million New Shares
Sep 16, 2026
Forrestania Resources Limited has applied for the quotation of 16,462,676 ordinary fully paid shares on the Australian Securities Exchange, with the securities issued on September 16, 2026. The application under Appendix 2A follows previously anno...
Forrestania Resources Expands ASX-Quoted Share Capital
Sep 16, 2026
Forrestania Resources Limited, an ASX-listed Australian mineral exploration company, operates within the mining and resources sector, focusing on developing its project portfolio to attract investment and create shareholder value.The company has a...
Forrestania Resources Seeks ASX Quotation for Additional Shares
Sep 16, 2026
Forrestania Resources Limited is an Australian-listed mineral exploration and development company whose ordinary fully paid shares trade on the ASX under the code FRS. The company operates within the resources sector and uses capital market issuan...
Forrestania Extends Zenith Takeover Offer and Grants Withdrawal Rights to Shareholders
Sep 14, 2026
Forrestania Resources has further extended the offer period for its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals, pushing the deadline for acceptances to 5:00pm AWST on 28 September 2026. All references to the prev...
Forrestania Awards A$6m Edna May Tailings Expansion Contract
Sep 14, 2026
Forrestania Resources has awarded a A$6 million contract to Western Australian firm JWI Contractors for the Stage 11 raise of the Edna May Tailings Storage Facility, expanding capacity to support ongoing operations. JWI brings experience in tailin...
Forrestania Resources Overhauls Board and Tightens Corporate Governance
Sep 14, 2026
Forrestania Resources Limited has reshaped its board and leadership structure, appointing several new directors between 2025 and 2026 and transitioning David Geraghty through non-executive roles to Executive Chairman. The company also named a new ...
Forrestania Resources Files Updated Corporate Governance Statement and Appendix 4G
Sep 14, 2026
Forrestania Resources Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming it follows the ASX Corporate Governance Council’s principles and recommendations. The statement, approv...
Forrestania Strikes Strategic Ore Supply and Mining Services Deals with MEGA Resources
Sep 13, 2026
Forrestania Resources has signed two long-term commercial agreements with MEGA Resources that underpin its processing hub strategy and regional expansion plans. The deals are designed to secure ore supply and fast-track mining services deployment ...
Forrestania Resources Names Veteran Mining Financier as New CFO
Sep 13, 2026
Forrestania Resources Limited has appointed veteran mining finance executive Tom Plant as its new Chief Financial Officer, effective 5 January 2027. Plant brings around three decades of experience across resources, banking and professional service...
Forrestania Deal Gives FirstAu Low-Cost Gold Processing Route
Sep 8, 2026
FirstAu Limited has signed an Ore Purchase Agreement with Forrestania Resources, creating a potential processing and monetisation route for gold ore from FirstAu’s Gimlet Project. The arrangement enables suitable Gimlet ore to be sold to For...
Forrestania Locks In Key Hub Agreements to Boost Restart Readiness
Sep 8, 2026
Forrestania Resources has executed a series of commercial agreements to underpin its Lake Johnston and Edna May processing hub strategy and advance restart readiness. The company has secured laboratory services with SGS Australia, a haulage agreem...
Forrestania Issues New Shares Amid Ongoing Takeovers Panel Review
Sep 8, 2026
Forrestania Resources Limited has issued 16,444,030 ordinary fully paid shares as consideration for brokerage and advisory services to several firms, following completion of the Tranche 2 portion of an equity raising announced on 1 July 2026. The ...
Forrestania Resources Seeks ASX Quotation for Over 16 Million New Shares
Sep 8, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 16,444,030 ordinary fully paid shares under the ticker FRS, with an issue date of September 8, 2026. These securities form part of previously announced transactions, marking a f...
Forrestania Extends Scrip-Based Takeover Bid for Zenith Minerals
Sep 7, 2026
Forrestania Resources Limited has issued a third supplementary bidder’s statement in relation to its off-market takeover offer for Zenith Minerals Limited. The updated documentation, lodged with ASIC on 7 September 2026 and authorised by For...
Forrestania Grants Zenith Shareholders Withdrawal Rights as Takeover Offer Extended Again
Sep 7, 2026
Forrestania Resources Limited has further extended its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals Limited, pushing the closing time from 16 June 2026 to 5:00 p.m. AWST on 21 September 2026. This marks the seven...
Forrestania director lifts stake through placement and on-market buying
Sep 4, 2026
Forrestania Resources Ltd reported a change in director David Geraghty’s interests following his increased indirect holdings in the company. The director holds stakes through entities linked to himself and his spouse, reinforcing the alignme...
Forrestania Raises Capital, Advances Edna May Deal Amid Zenith Takeover Review
Sep 4, 2026
Forrestania Resources Limited, listed on the ASX as FRS, is a mineral exploration and project development company active in the Australian resources sector. It seeks to build a broader portfolio of mining assets, including the Edna May Project, wh...
Forrestania Completes Edna May Deal, Builds Dual Gold Processing Hub in WA
Sep 4, 2026
Forrestania Resources Limited has completed the acquisition of the Edna May Gold Project from Ramelius Resources, securing full ownership of associated operating entities, exploration licences and contractual rights. The deal gives Forrestania con...
Forrestania Resources Seeks ASX Quotation for 225 Million New Shares
Sep 4, 2026
Forrestania Resources Limited has lodged an application with the ASX for quotation of 225,000,000 ordinary fully paid shares under the code FRS, with the securities issued on September 4, 2026. The move formalises the listing of these shares, incr...
Forrestania Resources Plans 15 Million-Share Placement
Sep 2, 2026
Forrestania Resources Limited has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 15,000,000 ordinary fully paid shares. The securities are targeted for issue on 21 October 2026, indicating the company is preparing to ra...
Forrestania Extends Zenith Minerals Takeover Bid and Grants Withdrawal Rights
Aug 31, 2026
Forrestania Resources Limited has announced a sixth extension to its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals Limited, pushing the offer closing date from 16 June 2026 to 5:00pm AWST on 14 September 2026. The...
Takeovers Panel Freezes Forrestania’s Zenith Bid and Orders Extension
Aug 31, 2026
The Takeovers Panel has issued new interim orders in relation to applications concerning Zenith Minerals Limited, revoking earlier orders while it considers what final remedies may be required. The move aims to preserve the status quo around contr...
Forrestania Wins Overwhelming Shareholder Backing for Edna May Deal and $310m Raising
Aug 28, 2026
Forrestania Resources shareholders have overwhelmingly endorsed the company’s acquisition of the Edna May gold project from Ramelius Resources, with 99.94% voting in favour of issuing consideration shares for the deal. The vote signals stron...
Takeovers Panel Flags Disclosure Breach in Forrestania–Zenith Deal
Aug 27, 2026
Australia’s Takeovers Panel has declared unacceptable circumstances in relation to Forrestania Resources’ takeover bid for Zenith Minerals, following applications from Harvest Lane Asset Management and Ida Metal Investments. The ruling...
Forrestania awards $145m Johnson Range mining contract to MEGA
Aug 27, 2026
Forrestania Resources has awarded a $145 million open pit mining contract for its Johnson Range Project in Western Australia to MEGA Resources following a competitive tender process. The two-year contract covers the full scope of mining activities...
Forrestania Advances Lake Johnston Plant Refurbishment Ahead of 2026 Commissioning
Aug 26, 2026
Forrestania Resources is accelerating work to bring its Lake Johnston processing facility in Western Australia back into operation, securing key crushing equipment, pumps, tanks and other core infrastructure from Australian and overseas suppliers....
Forrestania Extends Zenith Takeover Bid, Grants Shareholder Withdrawal Rights
Aug 24, 2026
Forrestania Resources Limited has moved to further extend its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals Limited, pushing the offer closing date from 31 August 2026 to 7 September 2026. The extension, the fifth t...
Forrestania boosts British Hill gold resource to more than 175,000oz
Aug 23, 2026
Forrestania Resources has reported an updated JORC Mineral Resource Estimate for the British Hill gold deposit of 3.29 million tonnes at 1.66 grams per tonne gold, totalling 175,690 ounces at a 0.5 g/t cut‑off. The estimate includes 2.03 mil...
Forrestania drills high-grade gold, enhances British Hill potential
Aug 23, 2026
Forrestania Resources Limited has reported strong assay results from six recently completed reverse circulation drill holes at its British Hill Gold Project in Western Australia. The program intersected multiple high-grade and thick gold zones at ...
Zenith Directors Back Forrestania Takeover in Updated Statement
Aug 18, 2026
Zenith Minerals has released a third supplementary target’s statement in relation to Forrestania Resources’ off-market takeover bid for all Zenith shares announced on 9 June 2026. The document has been lodged with the corporate regulat...
Forrestania Updates Takeover Bid for Zenith Minerals
Aug 18, 2026
Forrestania Resources Limited has issued a second supplementary bidder’s statement in relation to its off-market takeover offer for Zenith Minerals Limited. The updated documentation, lodged with ASIC and ASX, further supplements prior bidde...
Forrestania Revises Takeover Agreement With Zenith Minerals
Aug 18, 2026
Forrestania Resources Limited has executed an amended and restated takeover implementation deed with Zenith Minerals Limited, revising the original agreement signed on 8 June 2026. The updated deed formalises changes to the terms governing Zenith&...
Forrestania issues shares for services as it pursues potential acquisitions
Aug 17, 2026
Forrestania Resources Limited has issued 9,780,781 ordinary fully paid shares as non-cash consideration to three service providers, compensating Polaris Engineering, Campbell Operations and VM Drilling for engineering, transport, haulage and explo...
Forrestania seeks ASX quotation for 4.4 million new shares
Aug 17, 2026
Forrestania Resources Limited has applied for the quotation of 4,375,976 new ordinary fully paid shares on the ASX, with an issue date of 17 August 2026. The new securities form part of a previously announced transaction, signalling ongoing capita...
Forrestania Resources Seeks ASX Quotation for 3.5 Million New Shares
Aug 17, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 3,511,123 new ordinary fully paid shares under the code FRS. The securities were issued on 17 August 2026 as part of previously announced transactions, expanding the companyR...
Forrestania Resources Seeks ASX Quotation for Nearly 1.9m New Shares
Aug 17, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 1,893,682 new ordinary fully paid shares, expanding its listed share capital under the code FRS. The newly issued securities, which form part of previously announced transaction...
Forrestania Extends Zenith Takeover Deadline and Accelerates Payout Terms
Aug 10, 2026
Forrestania Resources has extended the offer period for its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals, pushing the deadline to 5:00 p.m. AWST on 31 August 2026. The new timetable also shifts the date for notifyi...
Forrestania Resources Updates Director Adam Turnbull’s Equity Holdings After Performance Rights Vesting
Aug 10, 2026
Forrestania Resources has disclosed a change in Director Adam Turnbull’s interests in the company’s securities, following the vesting of Tranche 10 performance rights. Turnbull received 2,000,000 ordinary fully paid shares at no cash c...
Forrestania Resources Updates Director’s Equity Holdings After Performance Rights Vesting
Aug 10, 2026
Forrestania Resources Limited has reported a change in director Daniel Raihani’s indirect interest in the company’s securities. Through 7 Enterprises Pty Ltd, Raihani’s holding increased to 39,925,000 ordinary fully paid shares a...
Forrestania Resources Updates Director’s Securities Following Performance Rights Vesting
Aug 10, 2026
Forrestania Resources Limited has reported a change in director David Geraghty’s holdings, noting adjustments to his direct and indirect interests in the company’s securities. The notice details movements in fully paid ordinary shares,...
Forrestania Resources Issues Shares and Flags Ongoing Acquisition Talks
Aug 7, 2026
Forrestania Resources Limited has issued 30,576,305 ordinary fully paid shares, comprising 24,576,305 shares as consideration for engineering services to nominees of Polaris Engineering Pty Ltd and 6,000,000 shares from the vesting of Tranche 10 P...
Forrestania Resources Seeks ASX Quotation for 24.6 Million New Shares
Aug 7, 2026
Forrestania Resources Limited has applied for quotation on the ASX of 24,576,305 new ordinary fully paid shares, with an issue date of 7 August 2026. The newly quoted securities were issued as part of previously announced transactions, indicating ...
Forrestania Resources Seeks ASX Quotation for 6 Million New Shares
Aug 7, 2026
Forrestania Resources Limited has applied to the ASX for quotation of 6,000,000 new fully paid ordinary shares, to be issued on August 7, 2026. The new securities arise from the exercise or conversion of existing options or other convertible secur...
Takeovers Panel Halts Forrestania’s Zenith Bid with Interim Orders
Aug 2, 2026
The Takeovers Panel has imposed interim orders on Forrestania Resources Limited, preventing it from processing any acceptances under its off‑market takeover bid for Zenith Minerals Limited or declaring the bid free of defeating conditions wi...
Forrestania Extends Takeover Offer for Zenith Minerals to Mid-August
Jul 31, 2026
Forrestania Resources Limited, an Australian resources company, is pursuing an off-market takeover of Zenith Minerals Limited to expand its footprint in the minerals sector. The bid covers all fully paid ordinary shares in Zenith and is being exec...
Forrestania Resources Director Lifts Indirect Shareholding in On-Market Trade
Jul 29, 2026
Forrestania Resources Ltd has disclosed a change in director David Geraghty’s relevant interests in securities, as required under ASX listing rules. The notice details his direct and indirect holdings across fully paid ordinary shares, perfo...
Investor challenge puts Forrestania’s Zenith takeover and Edna May deal under scrutiny
Jul 29, 2026
A dispute has emerged over Forrestania Resources’ recommended off‑market scrip takeover bid for Zenith Minerals, after substantial Zenith shareholder Ida Metal Investments asked the Takeovers Panel to review elements of the deal. Ida M...
Forrestania seeks shareholder approval for major share issue and Edna May acquisition
Jul 28, 2026
Forrestania Resources Limited has called a general meeting of shareholders in Perth on 28 August 2026 to seek approvals related to a major capital raising and project acquisition. Shareholders of record as of 26 August 2026 will vote on ratifying ...
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