Forrestania Resources has more than doubled the estimated gold inventory at its British Hill deposit in Western Australia, reporting a 131% increase in the project's mineral resource estimate.
The revised figure stands at 126,290 ounces, marking a significant expansion of the asset's scale and potential production life.
The resource upgrade follows a series of high-grade gold intercepts reported from a recently completed drill program at British Hill.
Ore from the deposit is already being trucked to the company's nearby Lake Johnston processing hub, indicating that logistical preparations for commercial extraction are underway.
The resource upgrade follows a series of high-grade gold intercepts reported from a recently completed drill program at British Hill.
These drilling results provided the geological basis for the substantial upward revision, reinforcing the deposit's status as a key growth driver for the explorer.
The immediate commencement of haulage operations suggests the company is moving quickly to capitalize on the confirmed resource, potentially shortening the timeline to first production.