Acquisition of Lake Johnston & $34m Placement

Forrestania Resources takes a major step towards gold production with the acquisition of the Lake Johnston Project, coupled with a successful $34 million capital raising and board update.

<ul><li>Signed binding agreement to acquire Lake Johnston Project, including 1.5Mtpa processing plant and supporting infrastructure, for $35 million.</li><li>Secured firm commitments for a $32 million two-tranche placement at $0.175 per share, with an additional $2 million Share Purchase Plan for eligible shareholders.</li><li>Acquisition poised to significantly reduce capital intensity and timeline for production, aligning gold resources with existing processing infrastructure.</li><li>Appointment of David Geraghty as Executive Chairman to drive operational transition and growth.</li><li>Lake Johnston plant and camp licensed to operate to 2041, providing a long-term production base.</li></ul>

ASX:

$

00%

Acquisition of Lake Johnston & $34m Placement