Hyden Gold Project Update
| Stock | Forrestania Resources Ltd (FRS.ASX) |
|---|---|
| Release Time | 7 May 2026, 3:37 p.m. |
| Price Sensitive | Yes |
Forrestania Resources Secures Hyden Gold Project
- Supreme Court dismisses Classic Minerals' application for summary judgment against Hyden Project Holdings
- Forrestania to exercise option to acquire 100% of Hyden Project, including JORC Mineral Resources of 297,500 oz Au
- Hyden Project located in prolific Forrestania greenstone belt
Forrestania Resources Ltd (ASX: FRS) has been advised that the Supreme Court of Western Australia has dismissed an application by Classic Minerals Limited for a summary judgment which disputes the validity of tenements held by Hyden Project Holdings Pty Ltd ('HPH'). Forrestania intends to immediately progress and exercise its option to acquire 100% of the Hyden Project, which includes a JORC Compliant Mineral Resource of 6,950,000 tonnes at 1.33g/t Au for 297,500 oz Au. The Hyden Gold Project is located approximately 120km south of Southern Cross, and 17km southwest of the historic Bounty Mine site, within the prolific Forrestania greenstone belt. The project includes the Lady Magdalene and Lady Ada deposits, which have JORC Compliant Mineral Resources of 237,400 oz and 60,161 oz respectively. Forrestania's Chairman David Geraghty commented that the Court's determination provides the company with the appropriate pathway to complete the Hyden Project acquisition in an expeditious manner.