Forrestania Acquires Edna May Gold Project for A$300 Million
Forrestania Resources has completed the acquisition of Ramelius Resources' Edna May Gold Project in Western Australia for a total value of A$300 million (US$215 million). The deal, announced in June 2026, includes cash and shares as payment. This strategic move expands Forrestania's operations to include two major processing hubs—Lake Johnston and Edna May—which are expected to support combined milling capacity exceeding six million tonnes per annum after refurbishment. The acquisition also encompasses Ramelius' exploration licenses and contractual rights in the region, enhancing Forrestania’s regional presence. In addition, the company has completed a second tranche of its A$310 million capital raising, securing approximately A$215 million to support growth initiatives. Executive Chairman David Geraghty described the acquisition as transformational for the company and aligned with its strategic goals outlined earlier this year.
Topics: Corporate Expansion Gold Projects Mining