Mineral Resource Estimate Upgrade at Ada Ann

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Stock Forrestania Resources Ltd (FRS.ASX)
Release Time 4 May 2026, 8:54 a.m.
Price Sensitive Yes
 Mineral Resource Estimate Upgrade at Ada Ann
Key Points
  • Updated JORC Mineral Resource Estimate of 204,500 tonnes @ 2.76 g/t Au for 18,160 oz, a 46% uplift
  • Includes a maiden Indicated MRE of 117,100 tonnes @ 2.60 g/t Au for 9,780 oz
  • Further work planned, including resource extension drilling and metallurgical test work
Full Summary

Forrestania Resources Ltd (ASX: FRS) is pleased to announce a JORC Compliant Mineral Resource Estimate for the Ada Ann Deposit at the Company's Coolgardie Gold Hub. The updated MRE totals 204,500 tonnes @ 2.76 g/t Au for 18,160 oz at a 0.5g/t cut off, representing a 46% uplift from the previous MRE. This includes a maiden Indicated MRE of 117,100 tonnes @ 2.60 g/t Au for 9,780 oz, representing 53% of the total MRE. The MRE was supported by a recent 12 hole (1,252m) drill program. Further work is planned, including resource extension drilling along strike and down dip, as well as diamond core drilling to facilitate metallurgical test work. Environmental baseline studies and conceptual mining studies are also planned.

Outlook

The Company plans to continue exploration and development work at the Ada Ann Deposit, with a focus on resource extension and metallurgical test work. This is expected to support the growth of the Company's gold asset base in the Coolgardie region.