What does it mean that the resource is "Inferred"?

An Inferred Mineral Resource is the part of a resource for which quantity and grade are estimated on the basis of limited geological evidence and sampling. While there is a reasonable expectation of eventual economic extraction, the level of confidence is lower than "Indicated" or "Measured" resources. Forrestania plans further drilling to improve this classification.

Why is the location of the project considered strategic?

Burracoppin is located just 27km from the Edna May Gold Mine and its associated processing infrastructure. Its proximity to an established mill suggests a "hub and spoke" potential, where ore could potentially be transported to an existing facility rather than requiring the construction of a new, standalone plant.

What is the significance of the A$14 per ounce acquisition cost?

This figure represents the cost to the company to "buy" or secure the gold ounces currently in the ground at Burracoppin. In the mining industry, a low acquisition cost per ounce is often viewed as a marker of high capital efficiency and value creation for shareholders.

What are the next steps for the Burracoppin project?

The company plans to commence resource extension drilling to find more gold along the existing strike and at depth. Additionally, they will conduct diamond core drilling to gather samples for metallurgical testing, which is required to understand how easily the gold can be extracted from the host rock.

How is the gold mineralisation distributed across the site?

The mineralisation at Burracoppin is associated with shear zones and quartz veins, primarily hosted within granitic rocks. The current resource model covers a strike length of approximately 3km across three main areas: Benbur–Christmas Gift, Easter Gift, and Lone Tree. These zones consist of relatively narrow, steeply dipping veins that remain open at depth and along strike, providing clear targets for the company's upcoming expansion drilling.

Maiden 58,700oz gold resource declared at Forrestania’s Burracoppin Project

Written by Mahathir BayenaPublished May. 1 2026Last Updated May. 1 2026

Forrestania Resources Limited (ASX: FRS) has reported a maiden JORC‑compliant Inferred Mineral Resource Estimate for its Burracoppin Gold Project in Western Australia.

The resource stands at 2,015,000 tonnes at 0.91 g/t gold for 58,700 ounces, providing the first formal view of the deposit’s scale and a foundation for further work.

Burracoppin sits within the company’s Westonia Gold Hub, about 27km west of Ramelius Resources’ Edna May processing facility, giving it proximity to existing regional milling infrastructure.

The resource is reported at a 0.5 g/t Au lower cut‑off and spans roughly 3km of strike across the Benbur–Christmas Gift, Easter Gift and Lone Tree zones.

The estimate is supported by 155 reverse‑circulation drill holes for 11,496m, incorporating both Forrestania and historical drilling.

Notable intersections include 3m at 17.41 g/t Au from 73m and 6m at 2.37 g/t Au from 31m.

Chairman David Geraghty said the MRE demonstrates the company’s ability to move beyond securing prospective ground to defining resources that can contribute to its Westonia‑centred gold strategy.

Forrestania estimates the acquisition cost at about A$14 per ounce of gold in the ground, which it views as a relatively low‑cost entry into the project.