FRS Price sensitive 12 May 2026, 9:04 AM

Completion of Hyden Gold Project Acquisition

Forrestania Resources Ltd

Forrestania Completes Hyden Gold Project Acquisition

Key points

  • Forrestania completes acquisition of 100% of Hyden Project Holdings Pty Ltd
  • Hyden Gold Project hosts a JORC Compliant Mineral Resource of 6,950,000 tonnes at 1.33g/t Au for 297,500 oz Au
  • Forrestania's total JORC Compliant Mineral Resource now comprises 23,082,000 tonnes at 1.22g/t Au for 907,000 oz Au

Full summary

Forrestania Resources Ltd (ASX: FRS) has completed the acquisition of Hyden Project Holdings Pty Ltd, including the Lady Magdalene and Lady Ada gold projects. The Hyden Gold Project is located approximately 120km south of Southern Cross, and 17km southwest of the historic Bounty Mine site. The project hosts a JORC Compliant Mineral Resource of 6,950,000 tonnes at 1.33g/t Au for 297,500 oz Au, including the Lady Magdalene Project (5,600,000t @ 1.32 g/t Au for 237,400 oz) and the Lady Ada Project (1,350,000t @ 1.39 g/t Au for 60,161 oz). This acquisition consolidates Forrestania's position within the Forrestania hub, adding a significant mineral resource base in close proximity to the company's Lake Johnston processing facility. Forrestania's total JORC Compliant Mineral Resource now comprises 23,082,000 tonnes at 1.22g/t Au for 907,000 oz Au. The company believes this acquisition represents an important step in its evolution, securing a project with an established mineral resource and clear exploration upside, positioning Forrestania to continue advancing its portfolio of Western Australian gold assets.

Guidance

Forrestania's total JORC Compliant Mineral Resource now comprises 23,082,000 tonnes at 1.22g/t Au for 907,000 oz Au.

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

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