Forrestania Resources Updates Gold Resource of Western Australia Deposit

MT Newswires Live13:43

Forrestania Resources (ASX:FRS) said the updated mineral resource estimate for its Symes Find Deposit in Western Australia comprises 800,000 tonnes grading 1 gram per tonne gold for 25,800 ounces of gold at a 0.5g/t cut-off grade, according to a Wednesday Australian bourse filing.

The company said Ramelius Resources (ASX:RMS) reported a Symes Find resource of 1.4 million tonnes grading 1.7g/t gold for 75,000 ounces at a 0.6g/t gold cut-off grade when mining began in 2023.

Ramelius mined about 500,000 tonnes grading 2.41g/t gold of high-grade ore, for about 42,000 ounces of gold, from the Symes open pits in 2024, the filing added.

The ore was trucked 121 kilometers to the Edna May processing plant, Forrestania said.

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