Completion of Jaurdi Hills Acquisition

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Stock Forrestania Resources Ltd (FRS.ASX)
Release Time 16 Mar 2026, 11:36 a.m.
Price Sensitive Yes
 Forrestania Completes Jaurdi Hills Acquisition
Key Points
  • Forrestania acquires 100% of Australian Live-Stock, Fenton and Martin Mining, and Diggers & Dealers Mining
  • Adds highly prospective gold tenements near Jaurdi Hills in Forrestania's Coolgardie hub
  • Existing toll treatment facilities provide potential future processing options
Full Summary

Forrestania Resources Limited (ASX: FRS) has completed the acquisition of multiple binding agreements to acquire 100% of the fully paid ordinary shares of Australian Live-Stock Pty Ltd, Fenton and Martin Mining Developments Pty Ltd, and Diggers & Dealers Mining Pty Ltd from their respective shareholders. The acquisition was announced to the ASX on 18 November 2025, and the conditions precedent have now been met, making the acquisition formally complete. The acquired companies collectively hold highly prospective gold tenements near Jaurdi Hills in Forrestania's Coolgardie hub. Forrestania's Chairman David Geraghty commented that the acquisition is another step in the company's strategy of building a meaningful land position around its Bonnie Vale Project in the Coolgardie district, expanding its footprint in a proven gold belt and adding a number of granted mining licenses that strengthen its broader project pipeline. The deal was structured to be low-cost and performance-linked, aligning the interests of all parties while allowing Forrestania to focus capital on advancing the asset. With existing processing infrastructure in the region and strong geological potential across the tenure, the company sees a clear pathway to development, with its focus now on building out the resource base and moving quickly toward production as it continues positioning Forrestania to become Western Australia's next gold producer.

Outlook

Forrestania is focused on building out the resource base at the Jaurdi Hills project and moving quickly toward production, as it continues positioning the company to become Western Australia's next gold producer.