Forrestania Executes Strategic Agreements

Key points

• Ore Purchase Agreement allows processing up to 2 million tonnes of ore over 24 months
• Master Services Agreement establishes preferred framework for future mining services
• Agreements support Forrestania's processing hub and regional growth strategy

Full summary

Forrestania Resources Limited (ASX: FRS) has entered into two significant long-term agreements with MEGA Resources Pty Ltd, supporting its processing hub and regional growth strategy. The Ore Purchase Agreement allows Forrestania to purchase and process up to 2 million tonnes of ore over 24 months, with ore sourced from MEGA's Taipan open pit. The Master Services Agreement establishes a framework for future open pit mining, drill and blast, and other mining services, providing flexibility for future project developments. These agreements aim to strengthen Forrestania's ore sourcing and establish a strategic mining services relationship.