Forrestania Resources Hits 2Moz Gold After Edna May Acquisition Completes
Key Takeaways
- Forrestania Resources' global JORC Mineral Resource Estimate now stands at 58.6 million tonnes at 1.1 g/t Au for 2,078,000 oz Au following the completion of the Edna May acquisition on 4 September 2026.
- Edna May contributes 945,000 oz — roughly 45% of the total portfolio — and brings a ~2.9Mtpa conventional CIL processing plant with a historical gold recovery rate of approximately 94%.
- The acquired infrastructure package includes a 185-room accommodation village, airstrip, grid power connection, tailings storage facility, and approximately 1,000km² of tenements, eliminating the need for a greenfield build.
- Forrestania's dual-hub development strategy targets both Edna May and Lake Johnston as processing centres, with technical studies for a potential Edna May restart now underway.
- The Edna May MRE component has been independently reviewed by Widenbar and Associates Pty Ltd, with Competent Person Mr Lynn Widenbar, a Fellow of the Australasian Institute of Mining and Metallurgy, signing off on the figures.
Forrestania crosses the 2Moz milestone with Edna May acquisition complete
With the acquisition of the Edna May Gold Project completing on 4 September 2026, Forrestania Resources has immediately translated that transaction into a portfolio-level milestone. The company’s JORC-compliant global Mineral Resource Estimate (MRE) now stands at 58.6 million tonnes at 1.1 g/t Au for 2,078,000 oz Au, at a 0.5 g/t Au cut-off, placing Forrestania in a new scale category as a Western Australian gold developer. Edna May’s standalone MRE contributes 30.7 million tonnes at 1.0 g/t Au for 945,000 oz Au to that total.
Chairman David Geraghty
“The addition of the Edna May Gold Project immediately elevates Forrestania into a new category of gold company, with a global Mineral Resource exceeding 2 million ounces and ownership of one of Western Australia’s established gold processing hubs. Beyond the resource itself, Edna May provides us with the infrastructure platform required to accelerate our development strategy, creating opportunities to unlock value across both the existing resource base and our broader regional portfolio. With an experienced team, a growing resource inventory and clear development opportunities across the portfolio, Forrestania is now positioned to pursue its objective of becoming a meaningful Australian gold producer.”
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Global MRE breakdown: what 2Moz looks like across the portfolio
The September 2026 JORC MRE is broken down by classification in the table below, based on a 0.5 g/t Au cut-off applied across all categories.
| Class | Cut-off (g/t Au) | Tonnes | Au (g/t) | Au (Ounces) |
|---|---|---|---|---|
| Measured | 0.5 | 1,391,000 | 1.07 | 48,000 |
| Indicated | 0.5 | 29,147,000 | 1.06 | 994,000 |
| Inferred | 0.5 | 28,083,000 | 1.15 | 1,036,000 |
| Total | 0.5 | 58,622,000 | 1.10 | 2,078,000 |
Two additional points of context are worth noting:
- Edna May contributes 945,000 oz of the global total, representing roughly 45% of the portfolio by ounces
- The Edna May MRE has been independently reviewed by Widenbar and Associates Pty Ltd, a Perth-based geological consultancy, with the Edna May component reviewed by Competent Person Mr Lynn Widenbar, a Fellow of the Australasian Institute of Mining and Metallurgy
Edna May: more than a resource, an infrastructure and processing platform
The Edna May Gold Project is located approximately 315km east of Perth within the Westonia Greenstone Belt of Western Australia’s Archaean Yilgarn Craton, around 1km from the town of Westonia and roughly 10km north of the Great Eastern Highway. For Forrestania, the value of this acquisition extends well beyond the gold ounces.
A processing hub already proven at scale
The assets acquired under the transaction include a substantial suite of operational infrastructure:
- A ~2.9Mtpa conventional CIL processing plant, placed on care and maintenance in April 2025
- An established 185-room accommodation village, airstrip, tailings storage facility, and centralised administration facilities
- A grid power connection
- Mining leases and portfolio tenements covering approximately ~1,000km²
The plant carries a meaningful operational track record. Historical operations at Edna May achieved overall gold recoveries of approximately 94%, with total production from the site exceeding 1 million ounces. That history positions this as a proven facility, not a greenfield build. The acquisition also includes the Tampia and Symes satellite projects, which add regional exploration optionality to the Westonia hub.
What is a JORC Mineral Resource Estimate, and why does the 2Moz threshold matter?
A JORC Mineral Resource Estimate is a standardised, independently reviewed estimate of the amount of mineralisation in the ground that has reasonable prospects for eventual economic extraction. JORC 2012 (the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves) sets the framework, and all estimates must be signed off by a qualified Competent Person.
Resources are classified into three categories based on the level of geological confidence:
- Measured — highest confidence, based on closely spaced drilling and detailed geological knowledge
- Indicated — moderate confidence, with sufficient data to assume geological and grade continuity
- Inferred — lowest confidence, based on limited sampling where geological continuity can be reasonably assumed but is not verified
The 0.5 g/t Au cut-off used by Forrestania represents the grade threshold below which material is not included in the resource — in other words, rock averaging less than 0.5 grams of gold per tonne is excluded from the estimate entirely. Crossing the 2 million ounce threshold is widely regarded in the industry as a benchmark that can elevate a company’s profile with institutional investors and potential development partners. That context is industry-level framing, not a claim made by Forrestania in this announcement. What the announcement does confirm is that the independent review by Widenbar and Associates adds an additional layer of credibility to the headline figures.
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Regional portfolio and the path toward production
Forrestania’s stated strategy involves developing two complementary processing hubs at Edna May and Lake Johnston, creating a scalable platform for future production and regional consolidation across its assets in the Southern Cross, Eastern Goldfields, and Forrestania regions. The acquisition of Edna May is a direct step in building out that dual-hub model.
That $23M capital raise, completed ahead of the Edna May settlement, was structured specifically to fund the gold production expansion now underpinning the dual-hub strategy at Edna May and Lake Johnston.
The announcement outlines that further work at Edna May will involve technical studies to support the potential restart of operations, without specifying a timeline or confirming that a restart decision has been made. Near-term priorities described in the announcement include:
- Technical studies to support the potential re-start of operations at Edna May
- Exploration and extensional drill programmes that may be undertaken, targeting underground resource expansion and regional targets, with future programmes subject to change depending on results and strategy
- Continued portfolio-wide MRE growth
Chairman Geraghty frames Forrestania’s trajectory in terms of “becoming a meaningful Australian gold producer” — a forward-looking objective that now has a 2,078,000 oz Au resource base and a processing hub with over one million ounces of historical production behind it.
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