Forrestania Secures 100% of Mt Palmer Project

Forrestania Resources (ASX: FRS) announces acquisition of full ownership of Mt Palmer and expanded tenure in Mt Dimer, consolidating its position in key Western Australian gold hubs and supporting its pathway to gold production.

<ul><li>Entered into Binding Heads of Agreement to acquire 100% of Aurumin Mt Palmer Pty Ltd, Aurumin Johnson Range Pty Ltd, and Aurumin Mt Dimer Pty Ltd.</li><li>Completes consolidation of Mt Palmer project, increasing ownership from 80% to 100% after prior Kula Gold acquisition.</li><li>Acquisition consideration includes issue of 50,863,159 fully paid ordinary FRS shares, valuing the transactions at $24.16 million at $0.475 per share, plus milestone payments linked to resource upgrades.</li><li>Transaction strengthens Forrestania’s strategic footprint in the Southern Cross and Mt Dimer Hubs, underpinning gold production plans at Lake Johnston.</li><li>Completions subject to customary due diligence, regulatory, and shareholder approvals, with deadline of 31 March 2026.</li></ul>