Forrestania Resources has agreed to purchase Ramelius Resources’ mothballed Edna May gold mine and mill for $300 million, in a deal aimed at expanding Forrestania’s gold production assets. The acquisition targets the Edna May gold hub located in Western Australia’s Wheatbelt. Both reports describe the transaction as part of Forrestania’s broader growth plans and characterize the asset as previously idle. The West Australian frames the move as an “aggressive growth push,” while the Business News outlet emphasizes the size of the agreement and the intended acquisition of the mine and processing infrastructure. The sources agree on the key commercial terms—price and the nature of what is being acquired—as well as the general context of Forrestania increasing its exposure to gold through the purchase of the Edna May operation. No additional deal details, such as completion conditions or timing, are provided in the excerpts.
Forrestania to buy Ramelius’ mothballed Edna May gold hub for $300 million
Forrestania Resources has agreed to purchase Ramelius Resources’ mothballed Edna May gold mine and mill for $300 million, in a deal aimed at expanding Forrestania’s gold production assets. The acquisi...
- Forrestania Resources agrees to buy Ramelius Resources’ Edna May gold mine and mill.
- The deal value is $300 million.
- The Edna May asset is located in Western Australia’s Wheatbelt.
- The Edna May operation is described as mothballed or previously idle.
- Forrestania presents the purchase as part of its growth strategy.
Forrestania Resources has capped off an extraordinary 12-month corporate consolidation blitz by securing 100 per cent of Ramelius Resources’ advanced Edna May gold hub in a blockbuster $300 million deal.
1 hour agoForrestania Resources has signed a binding $300m deal to swallow Ramelius Resources’ Edna May gold hub, creating a powerhouse dual-hub processing network in WA.
1 hour agoForrestania Resources has signed a binding $300m deal to swallow Ramelius Resources’ Edna May gold hub, creating a powerhouse dual-hub processing network in WA.
1 hour agoForrestania Resources has signed a binding $300m deal to swallow Ramelius Resources’ Edna May gold hub, creating a powerhouse dual-hub processing network in WA.
1 hour agoAcquisitive Goldfields developer Forrestania Resources has struck a $300 million deal to buy Ramelius Resources' mothballed Edna May goldmine and mill.
3 hours agoForrestania Resources has inked a deal to buy a mothballed gold mine in WA’s Wheatbelt for $300 million as part of its aggressive growth push.
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