Forrestania Resources Limited FRS
ASX · Australia · Non-Energy Minerals
AUD 0.3100-0.01 (-1.59%)
Market closed· · AUD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · AUD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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The move enables Forrestania to operate both the Lake Johnston and Edna May processing facilities.
MEGA will manage all open-pit mining tasks, from drilling and blasting to haulage, infrastructure and operational support.
The contract, which covers stage one mining operations at Tycho, has an estimated value of around $19.12m (A$27m).
Forrestania Resources previously acquired the Edna May gold mine in Western Australia and is working to recommission this past-producing operation, aiming to restart activity more quickly than a new build project would allow. Director David Geraghty’s on‑market purchase of 9,060,000 shares for about A$3.27 million reinforces the internal commitment behind this renewed production focus. We’ll now examine how Forrestania’s push to recommission the Edna May gold mine shapes the company’s...
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