Forrestania Resources Unveils Australian Gold Boom With Groundbreaking Drill Program

Forrestania Resources Initiates Drill Program at Lady Lila Project in Australia, Eyes Multi-Asset Gold Production Business

The gold mining industry in Western Australia has seen a significant development with Forrestania Resources initiating a diamond drilling program at its Forrestania Hub, specifically targeting the Lady Lila Project. This move follows the successful verification of historical gold drilling results and the demonstration of consistent mineralisation both at depth and along strike in previous phases.

The Forrestania Hub lies in the southern part of the north–north-west-trending Southern Cross–Forrestania Greenstone Belt, situated in the south‑western corner of the Archaean Yilgarn Craton. This region is known for its rich gold deposits and has been a focus area for several exploration companies in recent years.

The current drilling campaign aims to further explore the extent of mineralisation along the north-south strike and at depth. The program involves 1,300m of diamond core tail drilling, which will provide valuable insights into the geological structure and mineral potential of the Lady Lila Project.

Terra Drilling, a Kalgoorlie-Boulder-based company, has provided the rigs for the drilling operation. This partnership highlights Forrestania Resources’ commitment to working with experienced and specialized companies to achieve its exploration goals.

The drilling will also provide samples for metallurgical test work, which is crucial in understanding the economic viability of the project. By conducting thorough metallurgical tests, Forrestania Resources can better assess the potential for gold extraction from the Lady Lila deposit and make informed decisions about future development plans.

Forrestania Resources chairman David Geraghty emphasized the importance of this drilling program, stating that it will allow for the necessary metallurgical and geotechnical understanding of the geology and the orebody on the newly granted mining lease. This understanding is crucial as projects transition from exploration to development and mining operations.

The drilling program comes ahead of schedule, following the successful verification of historical gold drilling results in previous phases. In September 2025, Forrestania Resources announced an upgrade to the mineral resource estimate (MRE) for the Lady Lila deposit, which now stands at 1.2 million tonnes at 1.03 grams per tonne (g/t) of gold, totalling 40,513oz at a 0.5g/t cut-off.

This significant increase in the MRE is a testament to the potential of the Lady Lila Project and highlights Forrestania Resources’ growing confidence in its project portfolio. The company’s exploration activities are focused on building a multi-asset gold production business, with ongoing projects including drilling at Ada Ann and Lady Lila.

In addition to expanding its gold exploration and development activities, Forrestania Resources has entered into a binding heads of agreement to acquire Mantis Resources. This acquisition involves a consideration of A$235,000 ($157,599.2) in Forrestania Resources shares. Mantis Resources holds two exploration licences and one application exploration licence in the Lake Johnston Operations area, known as the Forrestania Gold Hub.

This strategic move is part of Forrestania Resources’ efforts to enhance its operations and expand its presence in Western Australia’s prominent mining districts. The company has applied for further exploration licences, aiming to increase its footprint in the region and accelerate its growth plans.

Last November, Forrestania Resources extended its option agreement with Hyden Resources, giving the company more time to move ahead with the acquisition of 100% of Hyden Project Holdings. This development demonstrates Forrestania Resources’ commitment to strategic partnerships and its ability to navigate complex deal-making processes.

The acquisition of Mantis Resources is expected to provide Forrestania Resources with significant opportunities for growth and expansion. By acquiring this exploration company, Forrestania Resources can tap into new discoveries and build on the existing gold resources in Western Australia.

Forrestania Resources’ commitment to exploration and development activities, combined with its strategic acquisitions, positions it for long-term success in the gold mining industry. The company’s efforts to unlock the full potential of its projects and deliver value to its shareholders are expected to drive growth in the coming months and years.

The gold mining industry in Western Australia continues to be an exciting and competitive space, with numerous exploration companies vying for attention. Forrestania Resources’ efforts to expand its presence and build a multi-asset gold production business demonstrate the company’s commitment to delivering long-term growth and returns for its stakeholders.

As Forrestania Resources continues to make progress on its project portfolio, it is essential to monitor the company’s performance and adjust expectations accordingly. With a strong focus on metallurgical test work and geological understanding, Forrestania Resources is well-equipped to unlock the full potential of its projects and drive value creation for its shareholders.