Forrestania Resources Limited ( (AU:FRS) ) has provided an announcement.
Forrestania Resources Limited has announced a comprehensive review and update on its Lady Lila gold prospect, highlighting plans for further extensional and exploration drilling. The Lady Lila site has an inferred mineral resource of 541,000 tonnes grading at 1.38g/t for 24,000 ounces of gold, with significant exploration potential due to its geological similarity to the nearby Bounty Gold Mine. The company aims to capitalize on current high gold prices to enhance shareholder value, with environmental and heritage surveys already completed to facilitate further drilling.
More about Forrestania Resources Limited
Forrestania Resources Limited is a company engaged in the exploration and development of mineral resources, with a focus on gold and lithium projects in Western Australia. The company is involved in advancing its gold prospect at Lady Lila, which is part of the larger Forrestania project area.
YTD Price Performance: 90.0%
Average Trading Volume: 2,063,497
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$4.99M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.
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