Forrestania Resources has acquired full ownership of Hyden Project Holdings, securing the Hyden Gold Project along with the Lady Magdalene and Lady Ada projects in Western Australia.
This follows the option completion announced in August 2025, with an extension to the option agreement announced in November 2025.
The acquisition includes several gold tenures, encompassing M77/1310, E77/2207, E77/2219, E77/2220, E77/2239, E77/2460, E77/2711 and P77/4534.
The Hyden Gold Project is situated around 120km south of Southern Cross and 17km south-west of the Bounty Mine site.
These deposits are located at the northern tip of the Forrestania greenstone belt, extending south from the north-south trending Southern Cross greenstone belt.
This belt stretches 300km in length and 40km in width, bounded by Archaean granitoid and gneiss formations.
It is intersected by east-trending Proterozoic doleritic dykes and features intrusions of granite and pegmatite.
The Hyden Gold Project comprises a Joint Ore Reserves Committee (JORC)-compliant mineral resource of 6.95 million tonnes (mt) at a grade of 1.33 grams per tonne (g/t) gold, amounting to 297,500oz of gold.
The Lady Magdalene Project holds 5.6mt at 1.32g/t gold for 237,400oz and the Lady Ada Project contains 1.35mt at 1.39g/t gold for 60,161oz.
Overall, Forrestania's JORC-compliant mineral resources now include 23.08mt at 1.22g/t gold, equating to 907,000oz of gold.
Mining operations at the Lady Ada (Blue Haze) pit began in December 2002 and ended in May 2003.
Lady Magdalene, situated less than 100m north of the Lady Ada mineralisation and approximately 300m from the Lady Ada pit, has not yet been mined.
Forrestania Resources chairman David Geraghty said: “Completion of the Hyden Project acquisition further consolidates Forrestania’s position within the Forrestania hub, adding a significant mineral resource base in close proximity to the company’s Lake Johnston processing facility.
“This acquisition represents an important step in the company’s evolution, securing a project with an established mineral resource and clear exploration upside.”
