中文译文生成中，先为你显示原文。
Forrestania Resources has intersected further high-grade gold mineralisation at its British Hill project in Western Australia, including 16m at 5.77 grams per tonne (g/t) gold, as the deposit’s mineral resource grows 35 per cent to 286,300 ounces.
The latest drilling results came from 19 reverse circulation (RC) holes totalling 4246m, targeting additional mineralisation along the eastern limb of the British Hill deposit.
Other significant intersections included 11m at 4.19g/t gold from 210m, 9m at 5.48g/t from 202m and 2m at 13.36g/t from 231m.
Further drilling returned 15m at 2.40g/t gold from 171m and 17m at 1.32g/t from 114m, strengthening Forrestania’s understanding of the mineralised system.
Forrestania executive chairman David Geraghty welcomed the latest results.
“Another demonstrably strong batch of results has reinforced our confidence in British Hill,” he said.
“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.
“British Hill is increasingly demonstrating the attributes of a potentially valuable near-term gold development asset for Forrestania.”
The company has also lodged additional Program of Work applications to investigate mineralisation interpreted west of its current drilling campaign.
The latest assays have since been incorporated into an updated JORC-compliant mineral resource estimate (MRE) of 5.64 million tonnes (Mt) grading 1.58g/t gold for 286,300 ounces.
The revised estimate represents a 35 per cent increase from the previous MRE, announced just six weeks earlier, and Forrestania said that higher-confidence indicated resources increased 45 per cent to 199,800 ounces, accounting for approximately 70 per cent of the updated gold inventory.
“Delivering [this] increase in the British Hill mineral resource merely six weeks following our previous update highlights both the quality of the deposit and the success of our ongoing drilling program,” Geraghty said.
Two RC rigs and one diamond rig continue targeting extensions along strike and down dip, with Forrestania assessing further opportunities to expand the deposit.
The latest growth builds on previous drilling at British Hill, which returned 29m at 3.91g/t gold from 220m in August, supporting the company’s confidence in deeper mineralisation.
Bolstering these operational developments, Forrestania has also signed a binding ore purchase agreement with Dundas Minerals covering potential supply of up to 750,000 tonnes of gold-bearing ore from the Rockland gold project in Western Australia’s Eastern Goldfields.
Under the 24-month arrangement, Forrestania may purchase and process the material through its processing network, with pricing linked to ore grades, metallurgical recoveries and prevailing gold prices.
Transportation will remain the responsibility of Dundas Minerals.
“The initial agreement with Dundas Minerals complements Forrestania’s strategy of building a diversified pipeline of ore supply opportunities around our processing infrastructure,” Geraghty said.
“Importantly, the agreement provides a practical framework for future ore deliveries into our processing network, reinforcing the strategic advantage of our infrastructure and providing flexibility as we continue to assess both Company-owned and third-party ore opportunities.”
The agreement also follows Forrestania’s recent deal with High-Tech Metals, covering potential processing of up to 400,000 tonnes from the Mt Fisher project.
The company also secured an ore purchase agreement with Star Minerals for up to 400,000 tonnes from Tumblegum South, further expanding its potential ore supply.
The additional arrangements support Forrestania’s two-hub processing strategy as it advances the restart of Edna May and prepares Lake Johnston for future operations.
Dry commissioning is underway at Edna May, with first ore processing targeted for December 2026.
The company is also progressing its takeover of Zenith Minerals, having secured a 64.67 per cent relevant interest as of November 6.
Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.