MacPhersons Delivers Strong Mineral Resource Estimate

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Stock Forrestania Resources Ltd (FRS.ASX)
Release Time 2 Jun 2026, 8:17 a.m.
Price Sensitive Yes
 Forrestania Resources Announces Strong Mineral Resource Estimate for MacPhersons
Key Points
  • MacPhersons deposit has a JORC Mineral Resource Estimate of 2,000,000 tonnes @ 1.15 g/t Au for 73,800oz Au
  • The deposit is part of the Coolgardie Gold Hub
  • Forrestania's global JORC Mineral Resource now stands at 1,007,800 oz Au
Full Summary

Forrestania Resources Ltd has announced a JORC Compliant Mineral Resource Estimate for the MacPhersons deposit at its Coolgardie Gold Hub, totaling 2,000,000 tonnes at 1.15 g/t Au for 73,800oz of gold at a 0.5 g/t Au cut-off. The deposit is part of the MacPhersons Reward project, located 2.5km south of the MacPhersons Reward Pit. The estimate includes a Measured MRE of 151,000 tonnes @ 1.18 g/t Au for 5,800oz, an Indicated MRE of 893,000 tonnes @ 1.09 g/t Au for 31,100oz, and an Inferred MRE of 956,000 tonnes @ 1.20 g/t Au for 36,900oz. This update brings Forrestania's global JORC Mineral Resource to 25,695,000 tonnes at 1.22 g/t Au for 1,007,800 oz Au, surpassing the one million ounce milestone.

Guidance

Global JORC Mineral Resource Estimate: 25,695,000 tonnes at 1.22 g/t Au for 1,007,800 oz Au

Outlook

Forrestania Resources is well-positioned to pursue future development opportunities and create long-term value for shareholders, with a growing resource base and a solid foundation for exploration and development.