Forrestania boosts gold resource at WA hub - SMH.com.au

AI desk brief

Forrestania Resources lifted the resource at its Lady Ada and Lady Magdalene deposits in Western Australia to 285,700oz gold at 1.82g/t, with 100,400oz now in the higher-confidence measured and indicated categories after a 43% increase in M&I ounces. The deposits sit within haulage distance of existing processing infrastructure, and the company frames the update as part of a multi-hub gold production strategy.

The broader package is aimed at de-risking future production rather than near-term output: Forrestania cites historical high-grade mining at Lady Ada, >97% metallurgical recoveries from prior test work, and multiple satellite deposits feeding two mills slated for early-2027 start-up. The article is equity-specific rather than a macro price call, but it reinforces the development pipeline for junior Australian gold supply.