Ore Purchase Agreement Marks Transition to Gold Producer

Forrestania Resources announces a transformative deal with Westgold Resources, marking its move into gold production and underpinning future growth in Western Australia.

<ul><li>Signed a binding Ore Purchase Agreement with Westgold Resources for up to 750,000 dry tonnes from the Gibraltar Gold Project.</li><li>Initial 150,000 tonne parcel to deliver approximately $7.2 million in gross proceeds, with potential for three additional parcels.</li><li>$2 million commencement payment upon meeting conditions precedent; ore priced at $48 per dry tonne delivered and certified.</li><li>FRS manages grade control, mining, and haulage—establishing an operational foundation for future developments.</li><li>Strengthens funding position and sets the stage for staged development at Lake Johnston.</li></ul>

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Ore Purchase Agreement Marks Transition to Gold Producer