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- British Hill deposit estimated to contain 212,400 oz
- MRE update represents a 21% increase
- Update includes results from 15 additional RC drill holes
- Balance of current drilling program continuing with three RC rigs and one diamond rig
Forrestania Resources (ASX: FRS) has unveiled a 21% increase with the release of a JORC-compliant mineral resource estimate (MRE) for the historic British Hill deposit at the Forrestania Hub in WA.
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The updated MRE now measures 4,120,000 tonnes at 1.60 grams per tonne (g/t) for 212,400 ounces of gold at a 0.5 g/t cut off.
It includes 2.65 million tonnes at 1.62 g/t in the Indicated category for 138,100 ounces at a 0.5 g/t cut-off, representing a 37% increase in higher-confidence Indicated mineral resources from the previous MRE.
“This updated mineral resource estimate, released just one month after the previous estimate, represents another important milestone in the growth of the British Hill mineral resource,” chairman David Geraghty, said.
“This update not only materially expands the gold inventory at British Hill but also delivers a significant increase in higher-confidence Indicated mineral resources, which now comprise more than half of the total contained gold ounces.”
A total of 243 holes were used to inform the mineral resource estimate for the British Hill deposit; 230 reverse circulation (RC), 10 diamond drill (DD) and three RC with diamond tail (RD) holes were used in the estimation.
The historical British Hill Project is located 75km SSE of Southern Cross in the Yilgarn mineral field of WA.
Forrestania drilled a total of 39 holes there during 2026 for a total of 10,392.5 metres.
The balance of the current drilling program is continuing with three RC rigs and one diamond rig focused on extending mineralisation along strike and down dip.
The Forrestania Hub is hosted within the Forrestania Greenstone Belt — the southern extension of the Southern Cross Greenstone Belt and host to the historic one million ounce plus Bounty gold mine.
FRS is steady at 33.0¢ with a Mkt cap of $794.9M prior to markets opening.
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