** Shares of Forrestania Resources fall as much as 26.7% to hit a record low of A$0.011

** The lithium, gold and nickel miner says it has withdrawn the option to acquire the Koolyanobbing Fe Project in Western Australia through its holding company, Netley Minerals

** Says co will focus on gold and copper projects in Western Australia

** Shares post their biggest intraday pct loss since June 28, 2023

** About 1.8 mln shares exchange hands vs the 30-day avg of 411,755

** Stock down 46,4% YTD, as of last close

(Reporting by Echha Jain in Bengaluru)

((Echha.jain@thomsonreuters.com))