Forrestania Resources completes 24 gold acquisitions in WA consolidation drive
Since David Geraghty became chair in July 2025, Forrestania Resources has announced 24 acquisitions across Western Australia's goldfields region.
David Geraghty joined Forrestania Resources as a non-executive director in May 2025 after 21 years at mining company Mineral Resources, becoming chair in July 2025. The company launched an aggressive buying campaign.
The biggest purchase was the $300 million Edna May gold project from Ramelius Resources. Forrestania then built a resource base of over 2 million ounces across 13 deposits.
The company is now a $750 million-plus player with two mills being refurbished. Share prices climbed from 1 cent in early 2025 to a peak of 69 cents in February, though they have since dropped to 32 cents as gold prices fell and the Edna May deal caused some dilution.
- 21
- Years at Mineral Resources
- 24 deals
- Acquisitions announced
- 300 million dollars
- Edna May purchase price
- 2 million ounces across 13 deposits
- Gold resource discovered
Why it mattersForrestania's consolidation strategy is reshaping the goldfields by turning a junior explorer into a mid-sized producer.
AustraliaAustralian investors in junior gold explorers face consolidation pressure as Forrestania and other players snap up projects across WA, reshaping the landscape of small cap mining stocks.
✓ Claims checked against the source and corrected before publish. checked 49 min ago
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