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Forrestania boosts Lady Ada and Lady Magdalene gold resources 43%

By Drooid · Sep 30, 2026, 6:23 AM UTC · How we work

Summary

Story summary

Forrestania Resources announced a 43% increase in measured and indicated gold resources at Lady Ada and Lady Magdalene.
The combined resource now totals 285,700 ounces from 4.89 million tonnes grading 1.82 g/t.
Measured resources total 158,000 tonnes at 3.04 g/t, containing 15,400 ounces.
Indicated resources add 1.53 million tonnes at 1.73 g/t for 85,000 ounces.
Edna May’s prefeasibility study projects a 402,800-ounce reserve and $728.7 million pre-tax cash flow.

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Story summary

Forrestania Resources announced a 43% increase in measured and indicated gold resources at Lady Ada and Lady Magdalene.
The combined resource now totals 285,700 ounces from 4.89 million tonnes grading 1.82 g/t.
Measured resources total 158,000 tonnes at 3.04 g/t, containing 15,400 ounces.
Indicated resources add 1.53 million tonnes at 1.73 g/t for 85,000 ounces.
Edna May’s prefeasibility study projects a 402,800-ounce reserve and $728.7 million pre-tax cash flow.