Key points
- Forrestania Resources Limited has released its third supplementary bidder's statement.
- The offer to acquire Zenith Minerals Limited is now set to close on 21 September 2026.
- Forrestania has completed the acquisition of the Edna May Gold Project from Ramelius Resources.
- The offer is still open for Zenith shareholders to accept or reject.
Full summary
Forrestania Resources Limited has issued its third supplementary bidder's statement for its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals Limited. The offer, initially dated 9 June 2026, has been extended multiple times and is now set to close on 21 September 2026 unless further extended or withdrawn. The offer remains open for Zenith shareholders to accept or reject. Forrestania has also completed the acquisition of the Edna May Gold Project from Ramelius Resources, which includes the Edna May Mill and associated infrastructure, for $310 million. The acquisition was funded through a capital raising by Forrestania. The offer is detailed in the bidder's statement, which has been supplemented and varied multiple times since its initial release.