Forrestania Awards Tycho Open Pit Mining Contract
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| Stock | Forrestania Resources Ltd (FRS.ASX) |
|---|---|
| Release Time | 17 Aug 2026, 8:55 a.m. |
| Price Sensitive | Yes |
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Forrestania Awards Tycho Open Pit Mining Contract
Key Points
- Forrestania Resources awarded the mining contract to MEGA Resources
- Contract covers Stage 1 open pit mining at Tycho for 7 months
- MEGA selected for their relevant expertise and operational capability
Full Summary
Forrestania Resources Limited (ASX: FRS) has awarded the open pit mining contract for the Tycho Gold Project to MEGA Resources Pty Ltd. The contract, valued at approximately A$27 million, includes drill and blast operations, ore and waste excavation, haulage, and associated mining services. MEGA was selected following a competitive tender process, demonstrating the required expertise and operational capability. The contract is crucial for Forrestania's transition from development to mining operations, supporting its strategy towards first gold production.
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