Business · Energy & Commodities · 15 hrs ago

Forrestania raises British Hill gold resource by 35%

Forrestania raises British Hill gold resource by 35%

Forrestania Resources increased the British Hill gold estimate by 35% after drilling at the project in Western Australia.

The resource is now 286,000 ounces of gold, up from 212,400 ounces.

British Hill lies in the Yilgarn Mineral Field, and recent drilling found several high-grade sections, including one starting 12 metres below the surface.

Forrestania says more drilling is planned west of the current work to explore for additional gold.

The company also agreed to buy and process up to 750,000 tonnes of ore from Dundas Minerals’ Rockland project over an initial two-year period.

The ore is expected to supply the Lake Johnston facility, which is due to begin commissioning in early 2027; Forrestania is also preparing its Edna May hub to process ore from its Taipan deposit.

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What people are saying

David GeraghtyForrestania Resources executive chairman
Another demonstrably strong batch of results has reinforced our confidence in British Hill.
via SMH
High-grade mineralisation continues to be encountered across the deposit, while drilling is improving our understanding of the system and identifying opportunities for further resource growth.
via SMH
British Hill is increasingly demonstrating the attributes of a potentially valuable near-term gold development asset for Forrestania.
via SMH