Forrestania Has Credible Pathway to 200,000 Oz of Gold Output Annually

Dow Jones
07/14

0032 GMT - Forrestania Resources' acquisition of the Edna May mine from Ramelius Resources gives it a credible pathway to steady-state production of more than 200,000 oz of gold annually across two hubs within 12-18 months, says Bell Potter. That assumes successful commissioning and ramp-up at the Edna May processing plant, and the Lake Johnston plant, which has a capacity of 3.2 million tons of ore. "Forrestania will hold pro-forma cash of A$132 million and a proposed A$100 million debt facility to sufficiently fund the ramp-up period across both hubs," analyst Todd Lewis says. Bell Potter has a speculative buy call on Forrestania and raises its price target by 8.7% to A$1.25/share. Forrestania is down 1.3% at A$0.375.(david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

July 13, 2026 20:32 ET (00:32 GMT)

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