Forrestania Resources Secures Key Agreements Ahead of Western Australia Facility Restart

MT Newswires Live
Yesterday

Forrestania Resources (ASX:FRS) advanced its Lake Johnston and Edna May processing hub strategy, securing laboratory, haulage and five-year sodium cyanide supply agreements while ordering critical mill liners and processing consumables ahead of the Edna May restart, according to a Wednesday Australian bourse filing.

The company signed a laboratory services framework agreement with SGS Australia and a haulage agreement with Campbell Gold Haulage to support ore transportation to both processing hubs and potential regional sourcing, per the filing.

The company secured a five-year sodium cyanide supply agreement with Orica (ASX:ORI) for Lake Johnston, covering around 1,000 tonnes annually, with a minimum commitment of 5,000 tonnes and technical support, the filing said.

The company also entered into an ore purchase agreement with First Au (ASX:FAU) to process up to 2 million tonnes of third-party ore over 24 months, supporting campaign-based processing at either facility and improving utilization of its processing infrastructure, the filing added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10