FRS Price sensitive 25 Mar 2026, 8:15 AM

Johnson Range Mineral Resource Estimate of 103,500oz

Forrestania Resources Ltd

Johnson Range Confirms MRE of 103,500 oz

Key points

  • 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

Full summary

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.

Outlook

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.

Summary generated by a large language model. Please interpret with care.

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