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Forrestania Resources has strengthened its gold production pipeline ahead of the planned restart of its Edna May operation in Western Australia, signing a binding ore purchase agreement with High-Tech Metals.
The agreement covers potential supply of up to 400,000 tonnes of gold-bearing ore from High-Tech Metals’ Mt Fisher gold project over a period of up to 24 months.
Under the arrangement, Forrestania may purchase and process the ore through agreed processing campaigns, with commercial terms determined by ore grade, metallurgical recovery, prevailing gold prices and treatment charges.
The agreement also provides Forrestania with preferential access to Mt Fisher ore, supporting its strategy of securing third-party feed for its processing infrastructure.
Forrestania executive chairman David Geraghty said the agreement continued the company’s efforts to build a portfolio of external ore sources.
“The Mt Fisher Gold Project represents another source of future mill feed and further strengthens the flexibility and scale of our growing ore supply pipeline,” Geraghty said.
The agreement comes as Forrestania prepares to restart the Edna May gold project, where first ore processing is scheduled for December 2026.
Ore from the company’s Taipan and Tumblegum deposits is already being hauled to Edna May, while refurbishment of its second processing hub at Lake Johnston continues ahead of targeted production in early 2027.
The latest agreement follows several developments announced on 28 October, including an updated mineral resource estimate for the Symes Find deposit.
The deposit now hosts 803,600 tonnes at 1 gram per tonne of gold, for 25,800 ounces, following prior mining by Ramelius Resources.
Forrestania executive chairman David Geraghty said the remaining inventory strengthened the company’s pipeline of future production opportunities.
“Symes Find is an excellent example of Forrestania’s strategy of acquiring advanced gold assets within trucking distance of Edna May,” he said.
“Following successful mining from the deposit, this updated resource confirms a meaningful remaining gold inventory and further strengthens Forrestania’s pipeline of future production opportunities as we move toward first gold at Edna May in December 2026.”
Forrestania also confirmed its takeover offer for Zenith Minerals would close on 12 November, with the company holding a 62.04 per cent interest in Zenith as at 28 October.
The unconditional offer forms part of Forrestania’s wider consolidation strategy, with Zenith’s Dulcie Gold Project hosting an inferred resource of 675,000 ounces.
“With first ore processing at Edna May approaching and the refurbishment of Lake Johnston continuing to advance, we believe Forrestania is well positioned to create long-term value for shareholders,” Geraghty said.
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