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18 stories mentioning ASX:FRS

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Forrestania Resources Discloses Mineral Resource Estimate for Western Australia Deposit

Forrestania Resources (ASX:FRS) declared a mineral resource estimate for the Lady Lyla deposit in Western Australia of 922,000 tonnes at 1.4 grams per tonne (g/t) gold for 41,700 ounces at a 0.5 g/t gold cut-off, according to a Thursday Australian bourse filing.The company said the estimate includes a maiden indicated resource of 478,000 tonnes at 1.7 g/t gold for 25,500 ounces, representing 61% of the total estimate.Further work is planned including resource extension drilling along strike and diamond core drilling to facilitate metallurgical test work, along with environmental baseline studies and conceptual mining studies, it added.

Forrestania Resources Makes AU$94 Million Recommended Off-Market Takeover Bid for Zenith Minerals

Forrestania Resources (ASX:FRS) entered into a binding takeover implementation deed with Zenith Minerals (ASX:ZNC) under which Forrestania will make offers under a recommended off-market takeover bid for all ordinary shares in Zenith, according to a Tuesday Australian bourse filing.Zenith shareholders will receive one Forrestania share for every 4.3 Zenith shares held, implying an offer value of AU$0.132 per Zenith share, valuing Zenith at AU$93.5 million. The offer represents a nearly 47% premium to Zenith stock's last closing price.The transaction is subject to customary conditions, including a minimum acceptance condition of 50.1%, with Zenith directors holding about 4.5% of Zenith shares intending to accept the offer in the absence of a superior proposal.Eligible Zenith shareholders may be able to access capital gains tax scrip-for-scrip rollover relief where Forrestania acquires 80% or more of Zenith shares and other rollover conditions are satisfied, it added.Zenith Minerals' shares rose almost 17% in recent Tuesday trade, while Forrestania Resources fell almost 10%.

Forrestania Resources Reports Mineral Resource Estimate for Western Australia Deposit

Forrestania Resources (ASX:FRS) reported a mineral resource estimate of 2 million tonnes at 1.15 grams per tonne grade of gold for 73,800 ounces at a 0.5 g/t grade of gold cut-off for the MacPhersons deposit in Western Australia, according to a Tuesday filing with the Australian bourse.The company's global JORC-compliant mineral resource estimate now stands at nearly 25.7 million tonnes at 1.22 g/t grade of gold for 1 million gold ounces, the filing said.

ASX Preview: Australian Shares Likely to Drop; HealthCo Healthcare and Wellness REIT Discloses Mount Private Hospital Agreement

Australian shares are set to drop on Thursday as the major Wall Street indices reached new records on fractional gains.Overnight, the S&P 500 and the Nasdaq Composite rose just 0.02% and 0.1%, respectively, reaching new record highs, while the Dow Jones Industrial Average rose 0.4%.Brent crude oil futures traded under $95 per barrel as investors await developments around a potential US-Iran peace deal.In the macroeconomy, Australia's consumer price index rose 4.2% in the 12 months to April, down from a 4.6% increase in the year to March, the Australian Bureau of Statistics reported Wednesday. Trimmed mean inflation came in at 3.4% in the 12 months to April, up from 3.3% in the year to March.The monthly household spending indicator data is expected to be released at 9:30 am Sydney time.In corporate news, HealthCo Healthcare and Wellness REIT (ASX:HCW) said the Unlisted Healthcare Fund and troubled hospital operator Healthscope reached an agreement with Bethesda Health Care for the Mount Private Hospital in Western Australia.Shape Australia (ASX:SHA) agreed to acquire Australian Professional Shopfitters from Handa Manufacturing for up to AU$29.4 million.Forrestania Resources (ASX:FRS) identified high-grade gold mineralization during a recent drilling at its Lady Lila gold project in Western Australia. The results were up to 21 meters at 2.5 grams per tonne gold from 21 meters, including one meter at 15.9 grams per tonne gold from 21 meters.Australia's benchmark S&P/ASX 200 Index increased by 0.7%, or 59.9 points, to close at 8,717.70 on Wednesday.

ASX 200ASX:FRSASX:HCWASX:SHA

Forrestania Resources Identifies High-Grade Gold Mineralization in Western Australia Project

Forrestania Resources (ASX:FRS) identified high-grade gold mineralization during a recent drilling at its Lady Lila gold project in Western Australia, according to a Thursday Australian bourse filing.The results were up to 21 meters at 2.5 grams per tonne gold from 21 meters, including one meter at 15.85 grams per tonne gold from 21 meters.The Lady Lila reverse circulation and diamond tail drill program comprises 43 holes for 5,142 meters, with targeted exploration drilling continuing across the company's tenure, it added.

Forrestania Resources to Acquire Midas Minerals (Newington)

Forrestania Resources (ASX:FRS) struck a deal to acquire Midas Minerals (ASX:MM1) unit Midas Minerals (Newington) for upfront consideration of AU$1.5 million worth of Forrestania shares, according to a Monday filing with the Australian bourse.Midas Minerals (Newington) owns a portfolio of 10 granted mining and exploration tenements in Western Australia, comprising gold interests across the Newington project area.Forrestania said additional success-based deferred consideration will be payable at the achievement of milestones linked to resource growth and development, including but not limited to AU$1 million when a formal decision is made to mine on any of the project tenements. The deferred consideration can be settled in cash or Forrestania shares.The deal is subject to regulatory and third-party approvals, and is expected to be completed within the coming weeks, per the filing.

Forrestania Resources Identifies High-Grade Gold Mineralization at Western Australia Project

Forrestania Resources (ASX:FRS) said drilling has returned high-grade gold results across its Mt Palmer gold project in Western Australia, according to a Friday Australian bourse filing.The results were up to six meters at 7.60 grams per tonne gold from three meters and two meters at 7.78 grams per tonne gold from 16 meters.Targeted exploration drilling is continuing across the company's tenure, it added.

Forrestania Resources Upgrades Mineral Resource Estimate for Western Australia Deposit

Forrestania Resources (ASX:FRS) upgraded the mineral resource estimate for the Johnson Range deposit in Western Australia to 2 million tonnes at 1.99 grams per tonne (g/t) grade of gold for 130,730 ounces at a 0.5 g/t grade of gold cut-off, according to a Thursday filing with the Australian bourse.The company reported a Johnson Range mineral resource estimate of 1.4 million tonnes at a 2.26 g/t grade of gold for 103,500 ounces at a 0.5 g/t cut-off grade in March, an earlier filing showed.Further resource extension drilling is planned down dip, which will include diamond drilling for metallurgical test work, per the filing.

Forrestania Resources Completes Acquisition of Hyden Project Holdings

Forrestania Resources (ASX:FRS) completed its acquisition of Hyden Project Holdings, including the Lady Magdalene and Lady Ada Projects in Western Australia, according to a Tuesday filing with the Australian bourse.The Hyden gold project has a mineral resource estimate of about 7 million tonnes at 1.3 grams per tonne grade of gold for 297,500 ounces of gold, per the filing.The acquisition delivers "clear exploration upside" and adds a "significant mineral resource base" near the company's Lake Johnston processing plant, it said.

Forrestania Resources Welcomes Western Australia Supreme Court Refusal of Application Regarding Hyden Project Holdings

Forrestania Resources (ASX:FRS) welcomed the Supreme Court of Western Australia's refusal of an application by Classic Minerals for a summary judgment related to the dispute concerning the validity of tenements held by Hyden Project Holdings, according to a Thursday Australian bourse filing.The firm executed an option to acquire 100% of Hyden Project Holdings in August 2025. Forrestania is not a direct party to the legal case.Forrestania intends to immediately progress and exercise its option in relation to the Hyden project. It also plans to exercise the option to acquire the Lady Magdalene & Lady Ada project.

Forrestania Resources Reports Updated Mineral Resource Estimate for Tycho Deposit in Western Australia

Forrestania Resources (ASX:FRS) disclosed an updated mineral resource estimate (MRE) for the Tycho Deposit at its Coolgardie Gold Hub in Western Australia, according to a Monday Australian bourse filing.The updated MRE showed 1.4 million tonnes at about 1 gram per tonne (g/t) gold for 45,500 ounces at a 0.5 g/t gold cut-off, per the filing.The measured component stood at 540,000 tonnes at about 1 g/t gold for 17,100 ounces, representing 38% of the total, while the indicated component of 871,500 tonnes at about 1 g/t gold for 24,800 ounces represents 55%, with measured and indicated categories together accounting for 93% of the total MRE.The Tycho Deposit is part of the MacPhersons Reward Project, the filing said.

Forrestania Resources Reports 46% Uplift in Western Australia's Ada Ann Gold Deposit Resource

Forrestania Resources (ASX:FRS) disclosed a mineral resource estimate (MRE) for the Ada Ann Deposit at its Coolgardie gold hub in Western Australia, totaling 204,500 tonnes at 2.76 grams per tonne gold for 18,160 ounces at a 0.5 g/t gold cut-off, up 46% from the previous estimate, according to a Monday Australian bourse filing.The company said the updated MRE includes a maiden indicated resource of 117,100 tonnes at 2.60 g/t gold for 9,780 ounces, representing 53% of the total resource.The company added that further work is planned, including resource extension drilling along strike and down dip, diamond core drilling to facilitate metallurgical test work, environmental baseline studies, and conceptual mining studies, with an approved 50-hole drill program currently in place.

Forrestania Resources Completes Acquisition of Western Australia Gold Project

Forrestania Resources (ASX:FRS) completed its acquisition of the Karonie gold project in Western Australia from Alchemy Resources subsidiary Goldtribe Corp., according to a Monday filing with the Australian bourse.The consideration was paid via the issue of AU$5 million worth of shares and a 1% net smelter royalty. The royalty does not apply to the first 110,000 ounces produced from the KZ5, Parmelia, and Taupo deposits, per the filing.The project includes an inferred mineral resource of 6.5 million tonnes at 0.9 grams per tonne grade of gold for 185,700 ounces, the company said.

Forrestania Resources Reports Mineral Resource Estimate for Western Australia Gold Deposit

Forrestania Resources (ASX:FRS) said the mineral resource estimate for its Burracoppin gold deposit in Western Australia, within its Westonia gold hub, came in at 2 million tonnes at a grade of 0.9 grams per tonne for 58,700 ounces of gold, according to a Friday Australian bourse filing.The company plans to conduct resource extension drilling along strike and down dip, including diamond core drilling to facilitate metallurgical test work, per the filing.All indications from historic production show amenability to conventional carbon-in-leach processing, the company said.

Forrestania Resources Reports AU$2.5 Million Cash at March Quarter-End; Shares Fall 5%

Forrestania Resources (ASX:FRS) reported AU$2.5 million cash on hand as of March 31, with a further AU$31.5 million received from the exercise of share options during April, according to a Thursday Australian bourse filing.In the March quarter, the company acquired Kula Gold, Lake Johnston Processing Facility, and Macphersons Reward, the filing added.Under its ore purchase agreement with Westgold Resources, the company delivered 20,000 tonnes to the Higginsville plant for processing, the filing added.The company's shares fell 5% in recent Thursday trade.

Forrestania Resources Identifies High-Grade Gold Mineralization at Western Australia Projects

Forrestania Resources (ASX:FRS) intersected high-grade gold mineralization during a recent drill program at its British Hill Gold Project, Mt Palmer Gold Project, and Johnson Range Project in Western Australia, according to a Monday Australian bourse filing.The results were up to 9 meters at 2.6 grams per tonne (g/t) gold from 78 meters at British Hill, including 1 meter at about 12 g/t gold from 86 meters.At Mt Palmer, results were up to 6 meters at 7.6 g/t gold from 3 meters, including 1 meter at 19.7 g/t gold from 5 meters and 1 meter at 10.8 g/t gold from 7 meters.At Johnson Range, results were up to 7 meters at 11.6 g/t gold from 17 meters, including 4 meters at 19.7 g/t gold from 19 meters, with assay results still pending at both Mt Palmer and Johnson Range.Forrestania is currently drilling the Lady Lila and Gibraltar gold projects, it added.

Forrestania Resources Launches Haulage Operations to Lake Johnston Processing Plant

Forrestania Resources (ASX:FRS) has started haulage operations from its British Hill gold deposit in Western Australia to its Lake Johnston processing plant, according to a Thursday filing with the Australian bourse.Plant commissioning at Lake Johnston is due to commence this year, and once complete, the facility is expected to have a throughput capacity of about 3.2 million tonnes per year, the company said.

Forrestania Resources Says Drilling At Malawi Niobium Project Confirms Mineralization Associated With Soil Anomaly

Forrestania Resources (ASX:FRS) said maiden reverse circulation at the Wozi niobium project in Malawi confirmed high-grade, near-surface niobium mineralization, associated with an over 1.5 kilometers long and up to 400 meters wide niobium soil anomaly, according to a Wednesday Australian bourse filing.It encountered intercepts of 36 meters at 0.56% grade of niobium pentoxide from the surface, as well as 16 meters at 0.42% grade of niobium pentoxide from 52 meters.