Johnson Range Mineral Resource Estimate of 103,500oz
| Stock | Forrestania Resources Ltd (FRS.ASX) |
|---|---|
| Release Time | 25 Mar 2026, 8:15 a.m. |
| Price Sensitive | Yes |
Johnson Range Confirms MRE of 103,500 oz
- Newcam Minerals provides Forrestania Resources with an updated Indicated and Inferred Mineral Resource Estimate (MRE) of 103,500 oz at 2.26 g/t Au
- The MRE satisfies a condition precedent to Forrestania's acquisition of the Johnson Range Project
- Newcam has also completed a 30-hole RC drilling program, with assay results pending
Forrestania Resources Ltd has received an updated Mineral Resource Estimate (MRE) for the Johnson Range Project from Newcam Minerals Pty Ltd. The MRE, which has been independently verified, outlines an Indicated and Inferred Resource of 1.43Mt at 2.26 g/t Au for 103,500 ounces of gold at a 0.5 g/t cut-off grade. This MRE satisfies a condition precedent for Forrestania's acquisition of the Johnson Range Project from Newcam Minerals. The Johnson Range Project is located approximately 170km north of Southern Cross in Western Australia and contains the shallowly mined Gwendolyn deposit. Three main gold mineralization types have been identified: surficial lateritic mineralization, supergene mineralization, and hydrothermal mineralization. Newcam Minerals has also completed a 30-hole RC drilling program at the project, with assay results pending. Forrestania Resources is on a pathway to become a meaningful gold production business, with work continuing to establish its own dedicated gold production infrastructure at Lake Johnston over the course of 2026.
With work continuing to establish Forrestania's own dedicated gold production infrastructure at Lake Johnston over the course of 2026, the company is on a pathway to become a meaningful gold production business.