Forrestania Resources achieves key acquisition milestone with 103,500oz gold resource. The ASX-listed company has received an updated mineral resource estimate for its Johnson Range project in Western Australia, satisfying a critical condition precedent in its acquisition agreement with Newcam Minerals. The resource totals 1.43 million tonnes at 2.26 grams per tonne, exceeding the required 88,000 ounce threshold. Chairman David Geraghty highlighted the strategic value of the acquisition in expanding Forrestania's West Australian gold footprint. The company is advancing production infrastructure at Lake Johnston throughout 2026 as it transitions toward becoming a meaningful gold producer. Additional assay results from a 30-hole drilling program are pending. Johnson Range is located 170 kilometres north of Southern Cross near the historical Evanston mine.
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