Southern Cross Tenements

GOLD PROJECT

Location & Scale

• Strategically located in and around the Golden Horse tenements, immediately adjacent to Hopes Hill

• Comprised of 5 tenements that extend over a 200km length of the Southern Cross Greenstone Belt

• Includes: 1 Exploration Licence, 3 Exploration Licence Applications, 2 Prospecting Licences, and 1 Mining Licence, covering 144.28km²

Progress & Potential

• Early-stage gold exploration with multiple walk-up drill targets identified

• District has demonstrated potential for large, long-life deposits

• Fieldwork and geochemical surveys underway to refine priority drill areas

Strategic Value

• Highly prospective greenstone stratigraphy with proven gold endowment

• Provides scale and optionality to complement the Forrestania & Bonnie Vale gold hubs

• Pipeline asset for long-term resource growth

• Enhances diversity by adding large, district-scale landholding with significant upside.

KuLA GOLD ACQUISITION

GOLD PROJECT

Location & Scale

Bid Implementation Agreement Entered 14 October 2025

The acquisition firmly positions Forrestania as an emerging Western Australian gold company with a strengthened portfolio of growth assets across the Forrestania, Southern Cross and Eastern Goldfields regions, comprising complementary projects strategically located near one another and established processing infrastructure.

Complementary Assets

Kula’s Mount Palmer and Southern Cross located projects are highly complementary to Forrestania’s existing portfolio, including the nearby Breakaway Dam, Westonia, and Southern Cross gold projects.

Regional Consolidation

The acquisition unites neighbouring tenements, enhancing operational efficiency and strengthening regional focus, while creating potential for long-term growth and value generation. 

Mount Palmer Historic Mine

Mount Palmer, located near Southern Cross in WA, hosts a historic high-grade gold mine and remains a cornerstone asset in the Company’s regional gold strategy. 

Enhanced Shareholder Value

On completion of the transaction, shareholders will gain exposure to the upside of a larger, more diversified WA exploration company with strong momentum and a proven ability to execute. 

Expanded Technical Team

Combines the technical expertise of FRS and Kula to create a stronger, more capable team with deep regional knowledge.