• Binding Ore Purchase Agreement executed with Westgold Resources for ore from FRS' 100%-owned Gold Project
• Initial parcel of 150,000 dry tonnes, with potential for additional 3 lots of 200,000 tonnes each
• $2.0 million commencement payment and $48/dry tonne purchase price

Forrestania Resources Ltd (FRS) has executed a binding Ore Purchase Agreement with Karora (Higginsville) Pty Ltd, a wholly owned subsidiary of Westgold Resources Limited (ASX: WGX), for the sale of ore from its 100%-owned Gibraltar Gold Project. The agreement represents a significant milestone for the Company and marks FRS' transition to gold production. Under the agreement, the initial parcel comprises approximately 150,000 dry tonnes of ore from the known stockpiles, with Westgold having the option to purchase subsequent parcels of up to 200,000 dry tonnes each, for a total of 750,000 dry tonnes. A $2.0 million commencement payment is payable within 7 business days of satisfaction of conditions precedent, and the ore will be purchased at $48 per dry tonne delivered, based on certified dry tonnes. FRS will be responsible for grade control drilling, mining operations and haulage of ore to the Higginsville Processing Hub. The agreement provides near-term gross cash inflow from a 100%-owned asset and strengthens the Company's funding position, while also creating improved working space and enabling further assessment of pit cut-back potential and mineralisation adjacent to historic underground workings.

The ore sale agreement marks FRS' transition from gold developer to gold producer, and the experience gained through mining will directly inform the staged development of the broader Lake Johnston portfolio.