Forrestania Acquires Edna May Gold Hub | Australia News

Forrestania Resources just pulled off a blockbuster $300 million acquisition of the Edna May gold hub — complete with a processing plant and massive gold reserves — marking a pivotal leap from explorer to producer. The deal combines $200M cash (funded via a new institutional raise) and up to $100M in shares, all part of Chairman David Geraghty’s year-long strategy to consolidate gold assets in Western Australia. With the plant set to restart by mid-2027 and a fresh land package boosting their resource base, Forrestania now controls two major processing hubs and is poised to resume trading July 1, 2026 — positioning itself as a heavyweight in WA’s gold sector. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6aea2ee4a1f5af81