Forrestania Resources Limited (FRS.AX)
Forrestania Resources Limited operates in the Other Precious Metals industry of the Basic Materials sector, headquartered in Subiaco, WA, AU. The stock last traded at $0.40, up 0.00% on the session, giving a market capitalisation of $181.8M. Its beta of 1.75 implies it has historically moved more than the broad market.
Based in West Perth, Australia, and established in 2021, Forrestania Resources Limited is actively involved in the exploration and development of mineral projects throughout Western Australia. The company primarily targets gold, lithium, and nickel deposits. Its substantial portfolio of assets includes the Forrestania project, covering an area of 623 square kilometers; the Southern Cross gold project, which spans 144.28 square kilometers and comprises five tenements, an exploration license, three exploration license applications, two prospecting licenses, and a mining license; and the Leonora project, encompassing 853.5 square kilometers through one exploration license and five exploration license applications, all located within Western Australia.
Forrestania Resources Limited is most often compared with the following Basic Materials names: