Forrestania Resources Reports AU$2.5 Million Cash at March Quarter-End; Shares Fall 5%
MT Newswires Live
Apr 30
Forrestania Resources (ASX:FRS) reported AU$2.5 million cash on hand as of March 31, with a further AU$31.5 million received from the exercise of share options during April, according to a Thursday Australian bourse filing.
In the March quarter, the company acquired Kula Gold, Lake Johnston Processing Facility, and Macphersons Reward, the filing added.
Under its ore purchase agreement with Westgold Resources, the company delivered 20,000 tonnes to the Higginsville plant for processing, the filing added.
The company's shares fell 5% in recent Thursday trade.
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