Price, volume & events
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- Last 2026-11-06
- A$0.32
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$776.1M
- EV
- —
- Cash
- A$7.8M
- Debt
- A$0
19 newer ASX announcements not yet reflected in this valuation
- Zenith Minerals - Issue of Consideration and Offer ClosingMaterial Corporate Transaction
- Application for quotation of securities - FRSPost Cash Checkpoint Security Event
- Application for quotation of securities - FRSPost Cash Checkpoint Security Event
- Zenith Minerals - Notice of Status of Defeating ConditionsMaterial Corporate Transaction
- Application for quotation of securities - FRSPost Cash Checkpoint Security Event
- Symes Find Mineral Resource Estimate UpdateRecent Resource Or Reserve Source
- Zenith Minerals Takeover Offer Closing 12 November 2026Material Corporate Transaction
- Quarterly Activities/Appendix 5B Cash Flow ReportLatest Four Activities Reports
- Sixth Supplementary Target's StatementMaterial Corporate Transaction
- Zenith Takeover Offer Declared UnconditionalMaterial Corporate Transaction
- Zenith Minerals Takeover - Section 630(4) and 650(F) NoticesMaterial Corporate Transaction
- Application for quotation of securities - FRSPost Cash Checkpoint Security Event
- Zenith Minerals - Dispatch of Documents CompletedMaterial Corporate Transaction
- Takeover Update - Zenith MineralsMaterial Corporate Transaction
- Fifth Supplementary Target's StatementMaterial Corporate Transaction
- Fourth Supplementary Bidder's StatementMaterial Corporate Transaction
- Zenith Minerals - Tenth Extension of Offer PeriodMaterial Corporate Transaction
- Substantial Holding Notices from FRS - Panel OrdersMaterial Corporate Transaction
- 223,000oz Maiden Mineral Resource Estimate Defined at TampiaRecent Resource Or Reserve Source
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 110All sources ▸- Application for quotation of securities - FRSCorporate Action
- Change in Substantial Holding from FRS and Interim OrdersOther
- Change in Substantial Holding from FRS and Interim OrdersOther
- Zenith Minerals - Third Extension of Offer PeriodOther
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Second Supplementary Target's StatementTransaction
- Zenith Minerals - Second Extension of Offer PeriodOther
- Response to Zenith Minerals Investor StatementsOther
- Application for quotation of securities - FRSCorporate Action
- Application for quotation of securities - FRSCorporate Action
- Application for quotation of securities - FRSCorporate Action
- Application for quotation of securities - FRSCorporate Action
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| December 2026 quarter | Lake Johnston mill commissioning and first gold processing target | Construction Or Commissioning | Company Guided | High | Critical evidence for converting acquired infrastructure into commercial gold cash flow. |
| 21 October 2026 | Zenith takeover offer current closing date | Transaction | Confirmed | High | The 28 September review decision affirmed the initial orders and requires further disclosure of a possible non-wholly-owned Zenith outcome; scrip dilution and access to Zenith feed remain uncertain. |
| November–December 2026 | Johnson Range open-pit mining start window | Production | Company Guided | High | Final clearing permit and logistics gate the ore delivery. |
| November–December 2026 | Tycho open-pit mining start window | Production | Company Guided | High | Tests contractor mobilization and hub feed. |
| first half calendar 2027 | Edna May first production target | Production | Company Guided | High | Tests whether the acquired care-and-maintenance plant can be restarted within budget. |
| 31 March 2027 | Final Hyden acquisition consideration due | Transaction | Confirmed | Medium | A$4.914m outstanding cash and share consideration draws liquidity and may dilute owners. |
Executive roster
As of 2026-09-29Background checks ▸FY2026 annual report directors and secretary reconciled with May operations appointment and September CFO appointment. Tom Plant starts January 2027 and is not yet in the current roster.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| David Geraghty | Executive Chairman | Executive Director | 2025-11-18 | Half Yearly Report and Accounts · 2026 Annual Report |
| Brett Hodgins | Technical Director | Executive Director | 2025-12-08 | Half Yearly Report and Accounts · 2026 Annual Report |
| David Baumgartel | General Manager Operations | Senior Management | 2026-05-19 | Quarterly Activities/Appendix 5B Cash Flow Report · 2026 Annual Report |
| Mark Di Silvio | Company Secretary | Company Secretary | 2026-03-01 | Half Yearly Report and Accounts · 2026 Annual Report |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Edna May Gold Project
Australia
PFS Developer100% ownedGold
100% held through Edna May Operations Pty Ltd; processing plant on care and maintenance since April 2025; Stage 3 cutback not approved.
- Study
- PFS
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- —
- Initial capex (100%)
- A$98.0ms
- Capital intensity
- A$2,616/(oz/yr)d
- LoM AISC
- A$3,293/ozs
- Mine life
- 10.0 yrss
Project location
Site imagery
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
Initial capexA$98MPublished capital estimate
Operating cost3,293AUD/oz AISC
September 2026 PFS at A$5,500/oz; pre-tax undiscounted free cash flow reported separately, no issuer NPV supplied.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 945K oz gold | 1.0 g/t Au MRE; 0.99 g/t Au reserve | Gold | 2026-09-18 |
| Ore Reserve | probable | 402.8K oz gold | 1.0 g/t Au MRE; 0.99 g/t Au reserve | Gold | 2026-09-18 |
Tenements3
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Stage 3 pit cutback approvals | Western Australia | Required | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Edna May Gold Project September 2026 Pre-Feasibility Study | PFS | Current | 2026-09-18 | Issuer PFS uses A$5,500/oz gold and reports pre-tax, undiscounted cash flow; estimates are not realized production. |
Material
British Hill Gold Project
Australia
PFS Developer100% ownedGold
100% acquired; September 2026 MRE exceeds the resource vintage used for the PFS reserve and has not been converted into a larger reserve.
- Study
- PFS
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- —
- Initial capex (100%)
- A$16.1ms
- Capital intensity
- A$504/(oz/yr)d
- LoM AISC
- A$3,609/ozs
- Mine life
- 2.0 yrss
Project location
Site imagery
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
Initial capexA$16.1MPublished capital estimate
Operating cost3,609AUD/oz AISC
September 2026 PFS at A$5,500/oz; pre-tax undiscounted free cash flow reported separately, no issuer NPV supplied.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 212.4K oz gold | 1.60 g/t Au MRE; 1.43 g/t Au reserve | Gold | 2026-09-24 |
| Ore Reserve | probable | 71.9K oz gold | 1.60 g/t Au MRE; 1.43 g/t Au reserve | Gold | 2026-09-18 |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| British Hill Gold Project September 2026 Pre-Feasibility Study | PFS | Current | 2026-09-18 | Issuer PFS uses A$5,500/oz gold and reports pre-tax, undiscounted cash flow; estimates are not realized production. |
Material
Johnson Range Gold Project
Australia
PFS Developer100% ownedGold
100% acquired; proposed haulage 236 km to Edna May, with clearing approval pending.
- Study
- PFS
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- —
- Initial capex (100%)
- A$8.0ms
- Capital intensity
- A$304/(oz/yr)d
- LoM AISC
- A$2,905/ozs
- Mine life
- 1.0 yrss
Project location
Site imagery
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
Initial capexA$8MPublished capital estimate
Operating cost2,905AUD/oz AISC
September 2026 PFS at A$5,500/oz; pre-tax undiscounted free cash flow reported separately, no issuer NPV supplied.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 131K oz gold | 1.99 g/t Au MRE; 2.88 g/t Au reserve | Gold | 2026-09-18 |
| Ore Reserve | probable | 28.5K oz gold | 1.99 g/t Au MRE; 2.88 g/t Au reserve | Gold | 2026-09-18 |
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Native vegetation clearing permit | Western Australia | Pending | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Johnson Range Gold Project September 2026 Pre-Feasibility Study | PFS | Current | 2026-09-18 | Issuer PFS uses A$5,500/oz gold and reports pre-tax, undiscounted cash flow; estimates are not realized production. |
Material
Tycho Gold Deposit
Australia
PFS Developer100% ownedGold
100% held via MacPhersons Reward; planned haulage 278 km to Edna May, key mining approvals granted.
- Study
- PFS
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- —
- Initial capex (100%)
- A$11.5ms
- Capital intensity
- A$590/(oz/yr)d
- LoM AISC
- A$3,849/ozs
- Mine life
- 0.7 yrss
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
Initial capexA$11.5MPublished capital estimate
Operating cost3,849AUD/oz AISC
September 2026 PFS at A$5,500/oz; pre-tax undiscounted free cash flow reported separately, no issuer NPV supplied.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 45.5K oz gold | 0.98 g/t Au MRE; 1.10 g/t Au reserve | Gold | 2026-09-18 |
| Ore Reserve | probable | 14.7K oz gold | 0.98 g/t Au MRE; 1.10 g/t Au reserve | Gold | 2026-09-18 |
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Key mining approvals | Western Australia | Granted | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Tycho Gold Deposit September 2026 Pre-Feasibility Study | PFS | Current | 2026-09-18 | Issuer PFS uses A$5,500/oz gold and reports pre-tax, undiscounted cash flow; estimates are not realized production. |
Material
Lake Johnston Processing Hub
Australia
Construction100% ownedGold
Acquired processing infrastructure; refurbishment targets commissioning and gold processing in the December 2026 quarter; feed schedule and contract margins not fully disclosed.
- Product and spec
- Gold (new CIL circuit and elution)
- Nameplate capacity
- 3.2m t/yr
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- Gibraltar deposit and FRS mineral leases
- Offtake contracted
- —
Other
Other acquired gold tenements and investments
Australia
Resource Stage100% ownedGold
Includes acquired WA district positions beyond separately valued PFS deposits; individual resource data are not uniformly restated here and no unsupported operating forecast is assumed. FY2026 audited notes disclose Hyden and Gibraltar royalty burdens and A$4.914m outstanding Hyden consideration.
- Contained metal (attributable)
- 993.1k ozd
- Resource grade
- 1.31 g/td
- % Measured + Indicated
- 29.3%d
- Resource tonnes
- 23.55 Mtd
- Our value per attrib. contained unit
- Locked
- Mining method
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Product and spec
- Gold (CIL)
- Nameplate capacity
- 2.9m t/yr
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
- Investee
- OzAurum Resources Ltd (ASX: OZM)
- Holding
- 19.9%
- Shares held
- 56.90m
- Market value
- A$3.8mm
- % of holder's market cap
- 0.5%m
- Cost basis
- A$4.1m
- Investee
- Zenith Minerals Ltd (ASX: ZNC)
- Holding
- —
- Shares held
- 11.83m
- Market value
- A$816.3km
- % of holder's market cap
- 0.1%m
- Cost basis
- A$5.9m
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
A$107.763m simple pro forma gross cash before share issue fees and subsequent investment, then A$22.822m June payables and A$4.914m deferred consideration; A$52.777m contracted capital expenditure is included in project economics where applicable, not added to cash.
Inventory composition1
Audited gold inventory on hand at 30 June 2026; quantity and form were not disclosed.
- Gold inventory on hand
- A$63.5K carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 2.4B
- Fully diluted
- 2.5B
Latest identified 16 September Appendix 2A total supersedes 7 September bidder-statement 2,392,485,421 shares and 7 August local 1,613,943,440. Fully diluted assumes every listed option and performance right converts, including out-of-money instruments, with no exercise proceeds credited.
Security classes9
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| FRS fully paid ordinary shares | Ordinary Share | 2.4B | — | — |
| FRSAV option | Option | 5M | A$0.4 | 2029-01-19 |
| FRSAW option | Option | 5M | A$0.6 | 2029-01-19 |
| FRSAX option | Option | 5M | A$0.9 | 2029-01-19 |
| FRSAA option | Option | 41.6M | A$0.24 | 2029-02-05 |
| FRSAY option | Option | 10M | A$0.41 | 2029-01-27 |
| FRSAZ option | Option | 10M | A$0.75 | 2029-01-27 |
| FRSAT option | Option | 9.8M | A$0.5 | 2028-11-05 |
| Performance rights | Performance Right | 14.5M | — | — |
KPI history
Operating metrics
Operating metric source table4
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Corporate cash balance | Company | 30 June 2025 | Point In Time | 920,386 AUD | Reported |
| Corporate cash balance | Company | 30 June 2026 | Point In Time | 7,762,716 AUD | Reported |
| One-off gold inventory sales revenue | Company | FY2026 | Year | 613,726 AUD | Reported |
| Corporate operating cash flow | Company | FY2026 | Year | -5,491,403 AUD | Reported |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Commissioning | lake-johnston | December 2026 quarter | — | — date window | Current |
| First Production | edna-may | first half calendar 2027 | — | — date window | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-04Ann. 2026-07-01 | Raising | A$310M | 775M | — | Completed | — |
| 2026-09-04Ann. 2026-06-29 | Raising | A$90M | 225M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Latest PFS royalty caveats and September commercial agreements reviewed; underlying royalty deeds and full commercial rates not available.
Caveat and royalty register item on M77/0124; governing deed, calculation basis and continuing status require confirmation.
Royalty · Unknown- Counterparties
- Franco-Nevada Australia Pty Ltd
- Applies to
- Edna May Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
How it affects our valuation
No valuation treatment is available for this arrangement.
Caveats and royalty scenarios against Edna May; precise area, rate and model treatment not public.
Royalty · Unknown- Counterparties
- Evolution Mining Limited
- Applies to
- Edna May Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
How it affects our valuation
No valuation treatment is available for this arrangement.
FRS takes title to delivered Taipan ore and recovered gold; 50–150kt campaigns, maximum 2Mt over 24 months. The A$155/t payment baseline is disclosed but full margin and committed volume are not.
Offtake · Active- Counterparties
- MEGA Resources Pty Ltd
- Applies to
- Edna May Gold Project · Gold
- Economic direction
- Mixed
- Period
- From 2026-09-14; no end date stated
- Key terms
- maximum ore: 2,000,000 tonnes
term: 24 months
baseline supplier payment: 155 AUD/t ore
How it affects our valuation
No valuation treatment is available for this arrangement.
Preferred framework for future open-pit mining services; work orders and rates govern actual cash cost.
Strategic Partnership · Active- Counterparties
- MEGA Resources Pty Ltd
- Applies to
- Johnson Range Gold Project · Tycho Gold Deposit · Gold
- Economic direction
- Mixed
- Period
- From 2026-09-14; no end date stated
- Key terms
- framework term: 5 years
How it affects our valuation
No valuation treatment is available for this arrangement.
Framework to purchase and process third-party ore; contracted grade and margins not fully disclosed.
Offtake · Active- Counterparties
- First Au Limited
- Applies to
- Edna May Gold Project · Gold
- Economic direction
- Mixed
- Period
- From 2026-09-09; no end date stated
- Key terms
- maximum ore: 2,000,000 tonnes
term: 24 months
How it affects our valuation
No valuation treatment is available for this arrangement.
Haulage framework supports hub feed, contract rate and firm volumes not public.
Tolling Or Processing · Active- Counterparties
- Campbell Gold Haulage
- Applies to
- Edna May Gold Project · Lake Johnston Processing Hub · Gold
- Economic direction
- Burden
- Period
- From 2026-09-09; no end date stated
How it affects our valuation
No valuation treatment is available for this arrangement.
Long-term cyanide supply agreement; pricing and take-or-pay details not fully public.
Strategic Partnership · Active- Counterparties
- Orica
- Applies to
- Lake Johnston Processing Hub · Gold
- Economic direction
- Burden
- Period
- From 2026-09-09; no end date stated
- Key terms
- minimum contracted cyanide: 5,000 tonnes
forecast annual volume: 1,000 tonnes/year
How it affects our valuation
No valuation treatment is available for this arrangement.
Laboratory services framework; immaterial unit costs not independently valued.
Strategic Partnership · Active- Counterparties
- SGS Australia
- Applies to
- Lake Johnston Processing Hub · Gold
- Economic direction
- Burden
- Period
- From 2026-09-09; no end date stated
How it affects our valuation
No valuation treatment is available for this arrangement.
One-off early 2026 ore stockpile sale; excluded from recurring revenue valuation.
Offtake · Terminated- Counterparties
- Westgold Resources
- Applies to
- Other acquired gold tenements and investments · Gold
- Economic direction
- Benefit
- Period
- From 2026-02-19; no end date stated
How it affects our valuation
This arrangement has ended; no current valuation treatment is required.
Continuing Hyden royalty burden is reflected in the regional portfolio option haircut; no separate cash deduction.
Royalty · Active- Counterparties
- Hyden project vendors
- Applies to
- Other acquired gold tenements and investments · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- general net smelter royalty: 1 percent NSR
selected tenement royalty: 1.5 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Conditional gross revenue royalty is captured in regional option haircut; threshold is not assumed reached.
Royalty · Active- Counterparties
- Gibraltar gold tenement vendor
- Applies to
- Other acquired gold tenements and investments · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- gross revenue royalty: 1 percent gross revenue
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
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Management background checks
Forrestania expanded its asset base through acquisitions and financing, but its Zenith takeover drew an affirmed Takeovers Panel declaration. The operations leader’s record includes both a mine suspension and employer-reported safety recognition. This is limited open-source screening, with substantial personal attribution and credential gaps.
Decision-relevant facts
Material summary
David Geraghty
Executive Chairman
GovernanceDocumented · High materiality
Takeovers Panel found unacceptable circumstances in Zenith takeover
On 27 August 2026 the Panel declared unacceptable circumstances in Zenith’s affairs. It found Forrestania delayed notice of its substantial holding, omitted material Edna May sale-process information from its bidder statement, and used deal terms capable of influencing Zenith’s board. It ordered further disclosure, restricted certain voting rights and ordered costs; on 28 September a review Panel affirmed the declaration and orders after accepting further-disclosure undertakings. Geraghty signed Forrestania’s undertaking on the company’s behalf. A separate 23 October application about Zenith’s response to another proposal was declined; that later decision did not overturn the earlier declaration.
Role overlaps event; causation unproven · The company was the bidder under Geraghty’s executive chairmanship. The Panel findings concern company conduct; personal responsibility for each act is not determined. The undertaking bears his signature for Forrestania.
Zenith Minerals Limited 01 & 02 — declaration · Declaration paragraphs 18–28, 42–46
Zenith Minerals Limited 01 & 02 — orders · Orders 1–20
Zenith Minerals Limited 03R & 04R — review and undertakings · Review outcome and Annexure A signed undertaking
Zenith Minerals Limited 05 — Panel declines further application · 23 October decision on a distinct application
Company SuccessIssuer Reported · Medium materiality
Edna May acquisition completed; restart remained planned
Forrestania’s September-quarter report says the Edna May acquisition and approximately A$310 million institutional raising were completed in the quarter. It described restart in the December quarter and Lake Johnston production in early 2027 as targets, not completed operating output.
Role overlaps event; causation unproven · Geraghty was executive chair; source does not quantify individual contribution.
September 2026 quarterly activities and Appendix 5B · Page 1 highlights and page 2 Edna May operations
Evidence gaps · 4
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
- The Takeovers Panel ruling concerns corporate disclosures and the bid; it does not determine Geraghty personally breached the law or personally caused each matter.
- Issuer records use different dates for the executive transition in 2025; the exact effective date is not reconciled.
Brett Hodgins
Technical Director
GovernanceDocumented · Medium materiality
Central Iron Ore 2022 AGM did not re-elect Hodgins
A 5 December 2022 account of Central Iron Ore’s AGM reports that shareholders did not pass the resolution to re-elect Hodgins on 30 November 2022 and that he ceased to hold the director and president positions. It does not state the reason for the vote. The issuer’s later financial statements separately report a consulting company related to him settled its creditor claim in 2024.
Individual involvement documented · The cited report identifies Hodgins and the AGM outcome; neither a reason for the vote nor wrongdoing is established.
Central Iron Ore announces AGM voting outcome · 5 December report of AGM voting result and offices
Central Iron Ore 2024 Management Discussion and Analysis · Financial statements: related-party settlement and cessation of directorship
GovernanceIssuer Reported · Medium materiality
Former employer settled a claim from Hodgins-related consulting company after his director tenure
Central Iron Ore’s 2024 management discussion says Jaybre Geological Consulting Pty Ltd, identified as related to former director Brett Hodgins, was under administration and requested A$430,782.41 in August 2023. A deed was entered on 19 February 2024 for payment of A$125,000 to the deed administrators in full settlement. Hodgins ceased as CIO director on 30 November 2022. The source does not establish any personal wrongdoing.
Employer context; no individual link established · The report presents this as a company creditor claim by an entity related to the former director and records settlement; no personal fault finding is made.
Central Iron Ore 2024 Management Discussion and Analysis · Page 16 related-party transactions and Jaybre claim/settlement; page 15 former-director status
Evidence gaps · 2
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
David Baumgartel
General Manager Operations
FailureDocumented · High materiality
Dalgaranga mining suspended during Gascoyne operations leadership
Gascoyne promoted Baumgartel to COO with responsibility for Dalgaranga by January 2022. Mining and processing were suspended in November 2022 and the operation transitioned to care and maintenance. Its January 2023 quarterly says the COO position became redundant and his employment ended; it thanked him for leading the site in challenging circumstances.
Role overlaps event; causation unproven · His operating role overlapped with the company decision and cessation; sources do not establish individual causation.
December 2021 quarterly activities report · Page 15 board and management changes
Dalgaranga operations update and trading suspension · Page 1 suspension and care-and-maintenance transition
December 2022 quarterly activities report · Page 12 management change
SafetyIssuer Reported · Medium materiality
Barrick credited prior Jabal Sayid safety leadership
In August 2017 Barrick reported Jabal Sayid recorded a year with zero fatalities, lost-time injuries and medical treatment injuries. Its successor general manager credited former GM Baumgartel with developing safety culture; Barrick said he had already moved to a supply-chain leadership role. This is employer-reported recognition, not an independent audit.
Individual involvement documented · Barrick’s statement directly reports the successor manager’s attribution; the entire 12-month metric cannot be assigned solely to one individual.
One year of triple zero at Jabal Sayid · Article title, milestone and successor GM’s statement
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
- Full individual responsibility for the Dalgaranga suspension and personally attributable production outcomes were not established.
Mark Di Silvio
Company Secretary
Role FitAnalyst Inference · Medium materiality
Mining finance and company-secretary experience
Forrestania’s January 2026 appointment release states Di Silvio held senior finance roles at Centamin and served as Sheffield CFO and company secretary from February 2016. Centamin’s 2010 annual report independently lists him as CFO and reports accounting and MBA credentials. Qualifications were not independently verified with awarding bodies.
Responsibility not applicable · Issuer documents establish roles; no individual transaction outcome is inferred.
Appointment of Company Secretary · Page 1 appointment and prior roles
Annual report 2010 · Printed page 11 management biography
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Tom Plant
Incoming Chief Financial Officer
Role FitAnalyst Inference · Medium materiality
Mining finance executive appointed as incoming CFO
Forrestania announced on 14 September 2026 that Tom Plant would commence as CFO on 5 January 2027. The appointment release describes an experienced mining finance executive with around 30 years across resources, banking and professional services and expertise in project finance, capital markets, treasury and corporate transactions. This role is announced but had not commenced by the 31 October 2026 cutoff.
Responsibility not applicable · Incoming appointment only; no Forrestania performance is attributed to him before commencement.
CFO Appointment · CFO Appointment release: date, commencement and experience
Evidence gaps · 4
- The incoming CFO has not yet commenced; no Forrestania delivery record exists by the evidence cutoff.
- Full employer-by-employer career and credential verification was not possible from the reviewed public material.
- Name-based open-web searches are not exhaustive court, regulator, sanctions, safety or environmental checks.
- The announced December 2026 departure from Australian Vanadium and January 2027 Forrestania start were future events at the cutoff.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-07 · 2,392,485,421 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 15.65% | 374,397,042 | |
| 2 | Ramelius Resources | 9.40% | 225,000,000 |
| 3 | Kerry Stokes | 8.61% | 205,909,091 |
| 4 | 6.02% | 143,956,331 | |
| 5 | Timothy Roberts | 5.47% | 130,909,091 |
| 6 | 4.73% | 113,149,129 | |
| 7 | Timothy Roberts | 3.13% | 75,000,000 |
| 8 | 2.06% | 49,256,763 | |
| 9 | 1.97% | 47,140,750 | |
| 10 | 1.81% | 43,233,249 | |
| 11 | 1.67% | 39,925,000 | |
| 12 | 1.67% | 39,856,789 | |
| 13 | 1.42% | 33,910,489 | |
| 14 | 1.09% | 25,983,259 | |
| 15 | 1.08% | 25,824,834 | |
| 16 | 1.08% | 25,800,000 | |
| 17 | 1.05% | 25,125,000 | |
| 18 | 0.78% | 18,670,000 | |
| 19 | 0.76% | 18,178,795 | |
| 20 | 0.74% | 17,653,637 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| Ramelius Resources | 9.40%Voting power | 2026-09-04 |
| Kerry Stokes | 8.61%Voting power | 2026-09-04 |
| Timothy Roberts | 8.61%Voting power | 2026-09-04 |
| Pinnacle Investment Management | 5.28%Voting power | 2026-09-04 |
| Firetrail Investments | 5.01%Voting power | 2026-09-29 |
Sources & review notesEvidence checked through 2026-10-08
Coverage and limitations
- The ranked table lists registered accounts, not a complete or live beneficial-owner register. Nominee/custodian accounts may cover several investors.
- Separate group disclosures can overlap registered accounts and each other. Do not add them to the top-20 table or present combined percentages as a ranking.
- The annual report labels large registered nominee accounts as substantial shareholders; those accounts are not identified as beneficial-owner groups here.
- SGH expressly disclaims direct shareholding and economic interest; its associate voting power overlaps Wroxby and is not recorded as a separate holding.
- Ordinary shares were quoted after the register date. September 16 Appendix 2A capital totals are automatically generated and may omit concurrent applications; historical register percentages are not rebased.
- The latest reviewed Geraghty director notice is dated 23 September 2026. It reports 76,563,200 ordinary shares across Mandarin Rock, spouse-controlled Roologic and directly, without an ownership percentage; those later details are in the related account evidence.
- FRS notices about ownership of Kula Gold, Zenith Minerals, OzAurum or other issuers concern FRS investments, not investors in FRS, and are excluded.
- The October 8 AGM notice contains proposals for incentive securities. Proposed rights/options are not ordinary shares already owned.
- Fresh 2026 ASX metadata was checked through 8 October. Relevant missing or hash-invalid ownership sources were retrieved, with old cache files preserved. Unrelated damaged cached files were not used as evidence.
- No shareholder history or new-position inference is maintained. A substantial threshold filing is not proof of a newly opened investment.
Sources
- 2026 Annual Report
Forrestania Resources Limited / ASX · Published 2026-09-14 · Accessed 2026-10-08
Complete top-20 ordinary-share register at 7 September 2026, denominator, account names, quantities and reported percentages; Ramelius escrow restriction.
PDF pages 68-69 (printed pages 64-65), Additional Shareholder Information
- Change in substantial holding
Forrestania Resources Limited / ASX · Published 2026-09-08 · Accessed 2026-10-08
Kerry Matthew Stokes controls Wroxby; Wroxby/ACE and associates disclose one shared relevant interest, not separate additive positions.
PDF pages 1-2, Form 604 sections 1-4
- Change in substantial holding
Forrestania Resources Limited / ASX · Published 2026-09-08 · Accessed 2026-10-08
Timothy Andrew Roberts, Goodoil as trustee for Timothy Roberts Investment Trust, and Warburton entities report one group position. Goodoil and Warburton Portfolio accounts overlap that position.
PDF pages 1-2, Form 604 sections 1-4
- Change in substantial holding from SGH
Forrestania Resources Limited / ASX · Published 2026-09-08 · Accessed 2026-10-08
SGH explicitly reports no direct shareholding or economic interest; its voting power arises solely as an associate of Wroxby.
PDF pages 1-3, cover letter and Form 604
- Becoming a substantial holder from RMS
Forrestania Resources Limited / ASX · Published 2026-09-07 · Accessed 2026-10-08
Ramelius and its group report shares received as consideration for selling assets to Forrestania, not an on-market share purchase.
PDF pages 1-4, Form 603 and Annexure A
- Becoming a substantial holder
Forrestania Resources Limited / ASX · Published 2026-09-09 · Accessed 2026-10-08
Pinnacle and its subsidiaries report aggregate relevant interests through affiliated managers and fund services; custodian accounts do not identify independent beneficial owners.
PDF pages 1-5 and 9, Form 603 and Annexures A/B/D
- Becoming a substantial holder
Forrestania Resources Limited / ASX · Published 2026-10-01 · Accessed 2026-10-08
Firetrail reports voting/disposal authority as investment manager; securities are registered through BNP Paribas and Citibank. Initial substantial status does not establish a brand-new investment.
PDF pages 1 and 3-6, Form 603 and Annexures A/B/C
- Change of Director's Interest Notice - DG
Forrestania Resources Limited / ASX · Published 2026-09-24 · Accessed 2026-10-08
Latest reviewed David Geraghty notice, ordinary-share interests through Mandarin Rock, spouse-controlled Roologic and directly; options and performance rights remain separate.
PDF pages 1-2, Appendix 3Y parts 1-2
- Notice of Annual General Meeting/Proxy Form
Forrestania Resources Limited / ASX · Published 2026-10-08 · Accessed 2026-10-08
AGM notice published at the cutoff; proposed performance rights and incentive securities are not ordinary shares already held.
PDF pages 1-27, notice and explanatory statement
- Application for quotation of securities - FRS
Forrestania Resources Limited / ASX · Published 2026-09-16 · Accessed 2026-10-08
Subsequent ordinary-share quotation on 16 September; automatically generated capital totals may omit other concurrent applications.
PDF pages 1 and 5, Appendix 2A, issue and capital sections
- Application for quotation of securities - FRS
Forrestania Resources Limited / ASX · Published 2026-09-16 · Accessed 2026-10-08
Subsequent ordinary-share quotation on 16 September; automatically generated capital totals may omit other concurrent applications.
PDF pages 1 and 5, Appendix 2A, issue and capital sections
- Application for quotation of securities - FRS
Forrestania Resources Limited / ASX · Published 2026-09-16 · Accessed 2026-10-08
Subsequent ordinary-share quotation on 16 September; automatically generated capital totals may omit other concurrent applications.
PDF pages 1 and 5, Appendix 2A, issue and capital sections
Disclosed activity
Insider transactions
Trading activity49 buys · 0 sells shownNet cash last 12 months A$5.6mShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2025-04-02 | John Hannaford
Details & evidence for John Hannaford on 2025-04-02590,996 combined acquisition: 500,000 in Hannaford Super and 90,996 in Riverview. Cash A$17,729.88 not allocated; retain aggregate event rather than invent account prices. As disclosed: On-market purchases
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice - Hannaford ↗ | PurchaseOrdinary shares | 590,996 | AUD 17,729.88 | AUD 0.03Calculated average | — |
| 2025-02-21 | John HannafordRiverview Corporation Pty Ltd
Details & evidence for John Hannaford on 2025-02-21As disclosed: On-market trade
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 688,917 | AUD 10,333.75 | AUD 0.015Calculated average | 2,016,348 |
| 2025-02-20 | Daniel Raihani7 Enterprises Pty Ltd
Details & evidence for Daniel Raihani on 2025-02-20As disclosed: On-market trade
Director · 2025-02-18 7 Enterprises Pty Ltd · Director and shareholder. Change of Director's Interest Notice - Raihani ↗ | PurchaseOrdinary shares | 500,000 | AUD 7,500.00 | AUD 0.015Calculated average | 24,491,000 |
| 2025-02-19 | Daniel Raihani7 Enterprises Pty Ltd
Details & evidence for Daniel Raihani on 2025-02-19As disclosed: On-market trade
Director · 2025-02-18 7 Enterprises Pty Ltd · Director and shareholder. Change of Director's Interest Notice - Raihani ↗ | PurchaseOrdinary shares | 2,000,000 | AUD 36,309.73 | AUD 0.018155Calculated average | 23,991,000 |
| 2025-02-19 | John HannafordRiverview Corporation Pty Ltd
Details & evidence for John Hannaford on 2025-02-19As disclosed: On-market trade
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice - Hannaford ↗ | PurchaseOrdinary shares | 369,098 | AUD 6,643.76 | AUD 0.018Calculated average | 1,327,431 |
| 2025-01-21 | John HannafordJohn & Emma Hannaford Superannuation Fund Pty Ltd
Details & evidence for John Hannaford on 2025-01-21As disclosed: On-market trade
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y - Hannaford ↗ | PurchaseOrdinary shares | 274,976 | AUD 2,749.76 | AUD 0.01Calculated average | 3,648,310 |
| 2024-12-05 | William HigginsToru Capital Pty Ltd
Details & evidence for William Higgins on 2024-12-05Non-cash remuneration. Combined Black-Scholes value A$11,577 not allocated across classes. As disclosed: Options issued pursuant to Shareholders approval at the 2024 AGM.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | GrantUnlisted Class B options | 1,500,000 | —Non Cash | — | 1,500,000 |
| 2024-12-05 | William HigginsToru Capital Pty Ltd
Details & evidence for William Higgins on 2024-12-05Non-cash remuneration. Combined Black-Scholes value A$11,577 not allocated across classes. As disclosed: Options issued pursuant to Shareholders approval at the 2024 AGM.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | GrantUnlisted Class A options | 1,500,000 | —Non Cash | — | 1,500,000 |
| 2024-12-05 | John HannafordJohn & Emma Hannaford Superannuation Fund Pty Ltd
Details & evidence for John Hannaford on 2024-12-05Non-cash remuneration. Filing states combined Black-Scholes value A$23,153; not allocated between classes. JH registered-account allocation follows this filing; later notice shows JAEK, without a disclosed intervening transfer. As disclosed: Options issued pursuant to Shareholders approval at the 2024 AGM.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | GrantUnlisted Class B options | 3,000,000 | —Non Cash | — | 3,000,000 |
| 2024-12-05 | John HannafordJohn & Emma Hannaford Superannuation Fund Pty Ltd
Details & evidence for John Hannaford on 2024-12-05Non-cash remuneration. Filing states combined Black-Scholes value A$23,153; not allocated between classes. JH registered-account allocation follows this filing; later notice shows JAEK, without a disclosed intervening transfer. As disclosed: Options issued pursuant to Shareholders approval at the 2024 AGM.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | GrantUnlisted Class A options | 3,000,000 | —Non Cash | — | 3,000,000 |
| 2024-12-05 | David IzzardBowman Gate Pty Ltd
Details & evidence for David Izzard on 2024-12-05Non-cash remuneration. Combined Black-Scholes value A$11,577 not allocated across classes. As disclosed: Options issued pursuant to Shareholders approval at the 2024 AGM.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | GrantUnlisted Class B options | 1,500,000 | —Non Cash | — | 1,500,000 |
| 2024-12-05 | David IzzardBowman Gate Pty Ltd
Details & evidence for David Izzard on 2024-12-05Non-cash remuneration. Combined Black-Scholes value A$11,577 not allocated across classes. As disclosed: Options issued pursuant to Shareholders approval at the 2024 AGM.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | GrantUnlisted Class A options | 1,500,000 | —Non Cash | — | 1,500,000 |
| 2024-12-03 | William HigginsToru Capital Pty Ltd
Details & evidence for William Higgins on 2024-12-03Notice date of change 3 December; contractual expiry 29 November. As disclosed: FRSO Options Expired on 29/11/24
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | ExpiryListed options FRSO | 50,000 | —Non Cash | — | 0 |
| 2024-12-03 | William Higgins
Details & evidence for William Higgins on 2024-12-03Notice date of change 3 December; contractual expiry 29 November. As disclosed: FRSO Options Expired on 29/11/24
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | ExpiryListed options FRSO | 562,500 | —Non Cash | — | 0 |
| 2024-12-03 | John HannafordRockford Partners Pty Ltd
Details & evidence for John Hannaford on 2024-12-03Notice date of change 3 December; contractual expiry 29 November. As disclosed: FRSO Options Expired on 29/11/24
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | ExpiryListed options FRSO | 312,500 | —Non Cash | — | 0 |
| 2024-12-03 | John HannafordJAEK Holdings Pty Ltd (Hannaford Family A/c)
Details & evidence for John Hannaford on 2024-12-03Notice date of change 3 December; contractual expiry 29 November. As disclosed: FRSO Options Expired on 29/11/24
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | ExpiryListed options FRSO | 1,637,500 | —Non Cash | — | 0 |
| 2024-12-03 | John HannafordJohn & Emma Hannaford Superannuation Fund Pty Ltd
Details & evidence for John Hannaford on 2024-12-03Notice date of change 3 December; contractual expiry 29 November. As disclosed: FRSO Options Expired on 29/11/24
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | ExpiryListed options FRSO | 50,000 | —Non Cash | — | 0 |
| 2024-12-03 | David IzzardRockford Partners Pty Ltd
Details & evidence for David Izzard on 2024-12-03Notice date of change 3 December; contractual expiry 29 November. As disclosed: FRSO Options Expired on 29/11/24
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | ExpiryListed options FRSO | 312,500 | —Non Cash | — | 0 |
| 2024-12-03 | David IzzardBowman Gate Pty Ltd
Details & evidence for David Izzard on 2024-12-03Notice date of change 3 December; contractual expiry 29 November. As disclosed: FRSO Options Expired on 29/11/24
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Appendix 3Y - Izzard-Higgins-Hannaford ↗ | ExpiryListed options FRSO | 1,912,500 | —Non Cash | — | 0 |
| 2024-11-14 | William HigginsToru Capital Pty Ltd
Details & evidence for William Higgins on 2024-11-14As disclosed: Shares issued pursuant to a Share Purchase Plan announced on 14 October 2024.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Change of Director's Interest Notice - W Higgins ↗ | SubscriptionOrdinary shares | 1,200,000 | AUD 15,000.00 | AUD 0.0125Calculated average | 1,776,191 |
| 2024-11-14 | John HannafordJohn & Emma Hannaford Superannuation Fund Pty Ltd
Details & evidence for John Hannaford on 2024-11-14As disclosed: Shares issued pursuant to a Share Purchase Plan announced on 14 October 2024.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice - J Hannaford ↗ | SubscriptionOrdinary shares | 2,400,000 | AUD 30,000.00 | AUD 0.0125Calculated average | 3,373,334 |
| 2024-11-14 | David IzzardBowman Gate Pty Ltd
Details & evidence for David Izzard on 2024-11-14As disclosed: Shares issued pursuant to a Share Purchase Plan announced on 14 October 2024.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Change of Director's Interest Notice - D Izzard ↗ | SubscriptionOrdinary shares | 2,400,000 | AUD 30,000.00 | AUD 0.0125Calculated average | 8,091,667 |
| 2023-11-17 | John Hannaford
Details & evidence for John Hannaford on 2023-11-17Bundled consideration A$53,750.00 for shares and attaching options; no class/account cash allocation inferred. Corrected notice replaces earlier quantities/consideration. As disclosed: Renounceable Entitlement Issue pursuant to a Prospectus dated 23 October 2023
Replaces 1 earlier record(s). Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice-J Hannaford CORRECTED ↗ Change of Director's Interest Notice - J Hannaford ↗ | SubscriptionOrdinary shares | 1,791,667 | —Mixed Unallocated | — | — |
| 2023-11-17 | John Hannaford
Details & evidence for John Hannaford on 2023-11-17Bundled consideration A$53,750.00 for shares and attaching options; no class/account cash allocation inferred. Corrected notice replaces earlier quantities/consideration. As disclosed: Renounceable Entitlement Issue pursuant to a Prospectus dated 23 October 2023
Replaces 1 earlier record(s). Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice-J Hannaford CORRECTED ↗ Change of Director's Interest Notice - J Hannaford ↗ | SubscriptionListed options FRSOB | 895,833 | —Mixed Unallocated | — | — |
| 2023-11-17 | William HigginsToru Capital Pty Ltd
Details & evidence for William Higgins on 2023-11-17Bundled consideration A$10,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Renounceable Entitlement Issue pursuant to a Prospectus dated 23 October 2023
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Change of Director's Interest Notice - W Higgins ↗ | SubscriptionOrdinary shares | 333,334 | —Mixed Unallocated | — | — |
| 2023-11-17 | William HigginsToru Capital Pty Ltd
Details & evidence for William Higgins on 2023-11-17Bundled consideration A$10,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Renounceable Entitlement Issue pursuant to a Prospectus dated 23 October 2023
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Change of Director's Interest Notice - W Higgins ↗ | SubscriptionListed options FRSOB | 166,668 | —Mixed Unallocated | — | — |
| 2023-11-17 | David IzzardBowman Gate Pty Ltd
Details & evidence for David Izzard on 2023-11-17Bundled consideration A$32,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Renounceable Entitlement Issue pursuant to a Prospectus dated 23 October 2023
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Change of Director's Interest Notice - D Izzard ↗ | SubscriptionOrdinary shares | 1,066,667 | —Mixed Unallocated | — | — |
| 2023-11-17 | David IzzardBowman Gate Pty Ltd
Details & evidence for David Izzard on 2023-11-17Bundled consideration A$32,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Renounceable Entitlement Issue pursuant to a Prospectus dated 23 October 2023
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Change of Director's Interest Notice - D Izzard ↗ | SubscriptionListed options FRSOB | 533,335 | —Mixed Unallocated | — | — |
| 2023-11-17 | Michael AndersonMichael & Lisa Jane Anderson (joint account)
Details & evidence for Michael Anderson on 2023-11-17Bundled consideration A$25,813.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Renounceable Entitlement Issue pursuant to a Prospectus dated 23 October 2023
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Change of Director's Interest Notice - M Anderson ↗ | SubscriptionOrdinary shares | 860,422 | —Mixed Unallocated | — | — |
| 2023-11-17 | Michael AndersonMichael & Lisa Jane Anderson (joint account)
Details & evidence for Michael Anderson on 2023-11-17Bundled consideration A$25,813.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Renounceable Entitlement Issue pursuant to a Prospectus dated 23 October 2023
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Change of Director's Interest Notice - M Anderson ↗ | SubscriptionListed options FRSOB | 430,211 | —Mixed Unallocated | — | — |
| 2023-07-04 | Michael AndersonMichael & Lisa Jane Anderson (joint account)
Details & evidence for Michael Anderson on 2023-07-04Bundled consideration A$22,459.08 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Change of Director's Interest Notice - M Anderson ↗ | SubscriptionOrdinary shares | 320,844 | —Mixed Unallocated | — | — |
| 2023-07-04 | Michael AndersonMichael & Lisa Jane Anderson (joint account)
Details & evidence for Michael Anderson on 2023-07-04Bundled consideration A$22,459.08 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Change of Director's Interest Notice - M Anderson ↗ | SubscriptionListed options FRSOA | 320,844 | —Mixed Unallocated | — | — |
| 2023-06-26 | John Hannaford
Details & evidence for John Hannaford on 2023-06-26Bundled consideration A$50,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice - J Hannaford ↗ Change of Director's Interest Notice - J Hannaford ↗ | SubscriptionOrdinary shares | 714,284 | —Mixed Unallocated | — | — |
| 2023-06-26 | John Hannaford
Details & evidence for John Hannaford on 2023-06-26Bundled consideration A$50,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice - J Hannaford ↗ Change of Director's Interest Notice - J Hannaford ↗ | SubscriptionListed options FRSOA | 714,284 | —Mixed Unallocated | — | — |
| 2023-06-26 | Michael AndersonMichael & Lisa Jane Anderson (joint account)
Details & evidence for Michael Anderson on 2023-06-26Bundled consideration A$28,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Change of Director's Interest Notice - M Anderson ↗ | SubscriptionOrdinary shares | 400,000 | —Mixed Unallocated | — | — |
| 2023-06-26 | Michael AndersonMichael & Lisa Jane Anderson (joint account)
Details & evidence for Michael Anderson on 2023-06-26Bundled consideration A$28,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Change of Director's Interest Notice - M Anderson ↗ | SubscriptionListed options FRSOA | 400,000 | —Mixed Unallocated | — | — |
| 2023-06-26 | William HigginsToru Capital Pty Ltd
Details & evidence for William Higgins on 2023-06-26Bundled consideration A$10,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Change of Director's Interest Notice - W Higgins ↗ | SubscriptionOrdinary shares | 142,857 | —Mixed Unallocated | — | — |
| 2023-06-26 | William HigginsToru Capital Pty Ltd
Details & evidence for William Higgins on 2023-06-26Bundled consideration A$10,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Change of Director's Interest Notice - W Higgins ↗ | SubscriptionListed options FRSOA | 142,857 | —Mixed Unallocated | — | — |
| 2023-06-26 | David IzzardBowman Gate Pty Ltd
Details & evidence for David Izzard on 2023-06-26Bundled consideration A$56,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Change of Director's Interest Notice - D Izzard ↗ | SubscriptionOrdinary shares | 800,000 | —Mixed Unallocated | — | — |
| 2023-06-26 | David IzzardBowman Gate Pty Ltd
Details & evidence for David Izzard on 2023-06-26Bundled consideration A$56,000.00 for shares and attaching options; no class/account cash allocation inferred. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 29 May 2023.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Change of Director's Interest Notice - D Izzard ↗ | SubscriptionListed options FRSOA | 800,000 | —Mixed Unallocated | — | — |
| 2023-03-08 | Michael Anderson
Details & evidence for Michael Anderson on 2023-03-08Nil consideration, not a share purchase. As disclosed: Issue of Performance Rights pursuant to an Executive Service Agreement with Dr Michael Anderson.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Change of Director's Interest Notice - M Anderson ↗ | GrantPerformance rights | 10,000,000 | —Non Cash | — | 10,000,000 |
| 2022-11-08 | John Hannaford
Details & evidence for John Hannaford on 2022-11-08Published 13 January 2023; cash/account breakdown not given, combined director interest retained. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 11 October 2022.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Change of Director's Interest Notice (Hannaford) ↗ | SubscriptionListed options FRSO | 2,000,000 | AUD 10,000.00 | AUD 0.005Calculated average | — |
| 2022-11-08 | David Izzard
Details & evidence for David Izzard on 2022-11-08Published 13 January 2023; cash/account breakdown not given, combined director interest retained. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 11 October 2022.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Change of Director's Interest Notice (Izzard) ↗ | SubscriptionListed options FRSO | 2,225,000 | AUD 11,125.00 | AUD 0.005Calculated average | — |
| 2022-11-08 | William Higgins
Details & evidence for William Higgins on 2022-11-08Published 13 January 2023; cash/account breakdown not given, combined director interest retained. As disclosed: Non-Renounceable Entitlement Issue pursuant to a Prospectus dated 11 October 2022.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Change of Director's Interest Notice (Higgins) ↗ | SubscriptionListed options FRSO | 612,500 | AUD 3,062.50 | AUD 0.005Calculated average | — |
Disclosed holding observations36 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-09-04 | David Geraghty
Details & evidence for David Geraghty on 2026-09-04Post-notice account position after both components.
Director · 2025-05-16 Non-Executive Director · 2025-05-16 to 2025-07-24 Non-Executive Chairman · 2025-07-24 to 2025-11-17 Executive Chairman · 2025-11-17 Roologic Pty Ltd · Company controlled by the director’s spouse. Mandarin Rock Pty Ltd · Director and shareholder. Mandarin Rock Pty Ltd · Director and shareholder; the company holds the separate 30,000,000-share position. Change of Director's Interest Notice - DG ↗ | PositionOrdinary shares | 32,528,458 | — |
| 2026-07-27 | Karen Wellman
Details & evidence for Karen Wellman on 2026-07-27Nil direct and indirect securities on appointment; no contractual interest disclosed.
Director · 2026-07-27 Initial Director's Interest Notice ↗ | InitialOrdinary shares | 0 | — |
| 2025-12-05 | Brett Hodgins
Details & evidence for Brett Hodgins on 2025-12-05Nil securities on appointment. Initial role/contract disclosure is not a purchase.
Director · 2025-12-05 Jaybre Holdings Pty Ltd · Director and shareholder; ACN 087 408 900. FRS - Initial Director's Interest Notice ↗ | InitialOrdinary shares | 0 | — |
| 2025-11-18 | Adam Turnbull
Details & evidence for Adam Turnbull on 2025-11-18
Director · 2025-07-24 Premier Waterproofing Pty Ltd · Director and shareholder. 7 Enterprises Pty Ltd · Director and shareholder of 7 Enterprises Pty Ltd. Appendix 3Y - Geraghty / Turnbull ↗ | PositionOrdinary shares | 29,331,763 | — |
| 2025-11-18 | Adam Turnbull
Details & evidence for Adam Turnbull on 2025-11-18
Director · 2025-07-24 Premier Waterproofing Pty Ltd · Director and shareholder. 7 Enterprises Pty Ltd · Director and shareholder of 7 Enterprises Pty Ltd. Appendix 3Y - Geraghty / Turnbull ↗ | PositionOrdinary shares | 3,572,365 | — |
| 2025-11-18 | David Geraghty
Details & evidence for David Geraghty on 2025-11-18
Director · 2025-05-16 Non-Executive Director · 2025-05-16 to 2025-07-24 Non-Executive Chairman · 2025-07-24 to 2025-11-17 Executive Chairman · 2025-11-17 Roologic Pty Ltd · Company controlled by the director’s spouse. Mandarin Rock Pty Ltd · Director and shareholder. Mandarin Rock Pty Ltd · Director and shareholder; the company holds the separate 30,000,000-share position. Appendix 3Y - Geraghty / Turnbull ↗ | PositionOrdinary shares | 30,000,000 | — |
| 2025-07-24 | John Hannaford
Details & evidence for John Hannaford on 2025-07-24Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Final Director's Interest Notice - Hannaford ↗ | FinalOrdinary shares | 4,148,310 | — |
| 2025-07-24 | John Hannaford
Details & evidence for John Hannaford on 2025-07-24Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Final Director's Interest Notice - Hannaford ↗ | FinalOrdinary shares | 3,949,285 | — |
| 2025-07-24 | John Hannaford
Details & evidence for John Hannaford on 2025-07-24Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Final Director's Interest Notice - Hannaford ↗ | FinalOrdinary shares | 4,107,344 | — |
| 2025-07-24 | Adam Turnbull
Details & evidence for Adam Turnbull on 2025-07-24
Director · 2025-07-24 Premier Waterproofing Pty Ltd · Director and shareholder. 7 Enterprises Pty Ltd · Director and shareholder of 7 Enterprises Pty Ltd. Initial Director's Interest Notice - Turnbull ↗ | InitialListed options FRSOA | 95,848 | — |
| 2025-07-24 | Adam Turnbull
Details & evidence for Adam Turnbull on 2025-07-24
Director · 2025-07-24 Premier Waterproofing Pty Ltd · Director and shareholder. 7 Enterprises Pty Ltd · Director and shareholder of 7 Enterprises Pty Ltd. Initial Director's Interest Notice - Turnbull ↗ | InitialListed options FRSOB | 1,380,915 | — |
| 2025-07-24 | Adam Turnbull
Details & evidence for Adam Turnbull on 2025-07-24
Director · 2025-07-24 Premier Waterproofing Pty Ltd · Director and shareholder. 7 Enterprises Pty Ltd · Director and shareholder of 7 Enterprises Pty Ltd. Initial Director's Interest Notice - Turnbull ↗ | InitialOrdinary shares | 27,855,000 | — |
| 2025-07-24 | Adam Turnbull
Details & evidence for Adam Turnbull on 2025-07-24
Director · 2025-07-24 Premier Waterproofing Pty Ltd · Director and shareholder. 7 Enterprises Pty Ltd · Director and shareholder of 7 Enterprises Pty Ltd. Initial Director's Interest Notice - Turnbull ↗ | InitialListed options FRSOB | 1,415,588 | — |
| 2025-07-24 | Adam Turnbull
Details & evidence for Adam Turnbull on 2025-07-24
Director · 2025-07-24 Premier Waterproofing Pty Ltd · Director and shareholder. 7 Enterprises Pty Ltd · Director and shareholder of 7 Enterprises Pty Ltd. Initial Director's Interest Notice - Turnbull ↗ | InitialOrdinary shares | 2,156,777 | — |
| 2025-06-23 | William Higgins
Details & evidence for William Higgins on 2025-06-23Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Final Director's Interest Notice - Higgins ↗ | FinalOrdinary shares | 1,125,000 | — |
| 2025-06-23 | William Higgins
Details & evidence for William Higgins on 2025-06-23Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Final Director's Interest Notice - Higgins ↗ | FinalOrdinary shares | 200,000 | — |
| 2025-06-23 | William Higgins
Details & evidence for William Higgins on 2025-06-23Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Final Director's Interest Notice - Higgins ↗ | FinalOrdinary shares | 3,176,191 | — |
| 2025-05-16 | David Geraghty
Details & evidence for David Geraghty on 2025-05-16Nil securities on appointment. Initial role/contract disclosure is not a purchase.
Director · 2025-05-16 Non-Executive Director · 2025-05-16 to 2025-07-24 Non-Executive Chairman · 2025-07-24 to 2025-11-17 Executive Chairman · 2025-11-17 Roologic Pty Ltd · Company controlled by the director’s spouse. Mandarin Rock Pty Ltd · Director and shareholder. Mandarin Rock Pty Ltd · Director and shareholder; the company holds the separate 30,000,000-share position. Initial Director's Interest Notice - D Geraghty ↗ | InitialOrdinary shares | 0 | — |
| 2025-05-06 | Daniel Raihani
Details & evidence for Daniel Raihani on 2025-05-06
Director · 2025-02-18 7 Enterprises Pty Ltd · Director and shareholder. Appendix 3Y - Hannaford-Higgins-Raihani ↗ | PositionOrdinary shares | 30,000,000 | — |
| 2025-05-06 | John Hannaford
Details & evidence for John Hannaford on 2025-05-06
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y - Hannaford-Higgins-Raihani ↗ | PositionOrdinary shares | 4,107,344 | — |
| 2025-05-06 | William Higgins
Details & evidence for William Higgins on 2025-05-06
Director · Start not disclosed to 2025-06-23 Toru Capital Pty Ltd · Director and shareholder. Appendix 3Y - Hannaford-Higgins-Raihani ↗ | PositionOrdinary shares | 3,176,191 | — |
| 2025-02-18 | David Izzard
Details & evidence for David Izzard on 2025-02-18Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Final Director's Interest Notice ↗ | FinalOrdinary shares | 8,091,667 | — |
| 2025-02-18 | David Izzard
Details & evidence for David Izzard on 2025-02-18Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Final Director's Interest Notice ↗ | FinalOrdinary shares | 625,000 | — |
| 2025-02-18 | Daniel Raihani
Details & evidence for Daniel Raihani on 2025-02-18Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · 2025-02-18 7 Enterprises Pty Ltd · Director and shareholder. Initial Director's Interest Notice ↗ | InitialOrdinary shares | 21,991,000 | — |
| 2023-11-23 | Scott Patrizi
Details & evidence for Scott Patrizi on 2023-11-23Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · 2023-11-23 Initial Director's Interest Notice - S Patrizi ↗ | InitialOrdinary shares | 0 | — |
| 2023-11-22 | Michael Anderson
Details & evidence for Michael Anderson on 2023-11-22Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Final Director's Interest Notice - M Anderson ↗ | FinalPerformance rights | 10,000,000 | — |
| 2023-11-22 | Michael Anderson
Details & evidence for Michael Anderson on 2023-11-22Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Final Director's Interest Notice - M Anderson ↗ | FinalListed options FRSOA | 720,844 | — |
| 2023-11-22 | Michael Anderson
Details & evidence for Michael Anderson on 2023-11-22Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Final Director's Interest Notice - M Anderson ↗ | FinalListed options FRSOB | 430,211 | — |
| 2023-11-22 | Michael Anderson
Details & evidence for Michael Anderson on 2023-11-22Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Final Director's Interest Notice - M Anderson ↗ | FinalOrdinary shares | 2,581,266 | — |
| 2023-03-07 | Michael Anderson
Details & evidence for Michael Anderson on 2023-03-07Disclosed position at appointment/cessation; not a transaction. Other option classes remain in the linked complete notice.
Director · 2023-03-07 to 2023-11-22 Michael & Lisa Jane Anderson (joint account) · Director/shareholder or joint registered holder, as disclosed. Managing Director commencement and 3X ↗ | InitialOrdinary shares | 1,000,000 | — |
| 2021-09-30 | David Izzard
Details & evidence for David Izzard on 2021-09-30Correction from original 50% attribution to full registered position. Not an economic acquisition; the same Rockford position overlaps Hannaford and Izzard.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Appendix 3Y Amendments (Izzard and Hannaford) ↗ | PositionOrdinary shares | 625,000 | — |
| 2021-09-30 | David Izzard
Details & evidence for David Izzard on 2021-09-30Correction from original 50% attribution to full registered position. Not an economic acquisition; the same Rockford position overlaps Hannaford and Izzard.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Appendix 3Y Amendments (Izzard and Hannaford) ↗ | PositionUnlisted options ($0.30, Jun 2025) | 250,000 | — |
| 2021-09-30 | David Izzard
Details & evidence for David Izzard on 2021-09-30Correction from original 50% attribution to full registered position. Not an economic acquisition; the same Rockford position overlaps Hannaford and Izzard.
Director · Start not disclosed to 2025-02-18 Bowman Gate Pty Ltd · Director and shareholder/trustee; beneficiary where disclosed. Rockford Partners Pty Ltd · Director and 50% shareholder; 100% of registered company securities constitute reportable relevant interest. Bowman Gate Pty Ltd · Izzard is identified with the Bowman Gate registered account in the 2023 position notices. Rockford Partners Pty Ltd · Izzard is identified with the Rockford Partners registered account in the 2023 position notices. Appendix 3Y Amendments (Izzard and Hannaford) ↗ | PositionUnlisted options ($0.30, Sep 2025) | 500,000 | — |
| 2021-09-30 | John Hannaford
Details & evidence for John Hannaford on 2021-09-30Correction from original 50% attribution to full registered position. Not an economic acquisition; the same Rockford position overlaps Hannaford and Izzard.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y Amendments (Izzard and Hannaford) ↗ | PositionOrdinary shares | 625,000 | — |
| 2021-09-30 | John Hannaford
Details & evidence for John Hannaford on 2021-09-30Correction from original 50% attribution to full registered position. Not an economic acquisition; the same Rockford position overlaps Hannaford and Izzard.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y Amendments (Izzard and Hannaford) ↗ | PositionUnlisted options ($0.30, Jun 2025) | 250,000 | — |
| 2021-09-30 | John Hannaford
Details & evidence for John Hannaford on 2021-09-30Correction from original 50% attribution to full registered position. Not an economic acquisition; the same Rockford position overlaps Hannaford and Izzard.
Director · Start not disclosed to 2025-07-24 JAEK Holdings Pty Ltd (Hannaford Family A/c) · Director and shareholder; not a separate personal registered account. Rockford Partners Pty Ltd · Director and shareholder; not a separate personal registered account. Riverview Corporation Pty Ltd · Director and shareholder. John & Emma Hannaford Superannuation Fund Pty Ltd · Director/shareholder of company or trustee; fund beneficiary where disclosed. JAEK Holdings Pty Ltd (Hannaford Family A/c) · Hannaford is named in the notice as associated with the JAEK Holdings registered account. John & Emma Hannaford Superannuation Fund Pty Ltd · The substantial-holder group includes the Hannaford superannuation company/account. Rockford Partners Pty Ltd · Hannaford is named in the notice as associated with the Rockford Partners registered account. John Hannaford personal / superannuation interest (combined disclosure) · The 2023 cessation notice combines John Hannaford personal and Hannaford superannuation interests in one 140,000-share row; the filing does not allocate that row between them. Appendix 3Y Amendments (Izzard and Hannaford) ↗ | PositionUnlisted options ($0.30, Sep 2025) | 500,000 | — |
The closest covered peers
Peer comparison
FRS · independent valuation
Forrestania Resources Limited
Gold · PFS Developer
Share priceA$0.3052026-09-25
Base fair valueLocked: sign in to view2026-09-29
Price / fair valueLocked: sign in to view2026-09-29
Why these peers
Same principal commodity and development stage, ranked by country risk and operating fit.
MRT1
Maritana Minerals Limited
Australia
Same principal gold exposure, pre-production developer stage and exact lower-risk Australian country-band set.
SHN2
Sunshine Metals Limited
Australia
Same principal gold exposure, pre-production developer stage and exact lower-risk Australian country-band set.
BTR3
Brightstar Resources Limited
Australia
Same principal gold exposure, pre-production developer stage and exact lower-risk Australian country-band set.
AAR4
Astral Resources NL
Australia
Next closest unambiguously study-backed Australian gold developer after sourced readiness exclusions.
AUC5
Ausgold Limited
Australia
Next ranked unambiguously study-backed Australian gold developer after AAR, with same gold, developer stage, lower-risk Australian country set, 100% project ownership and partly-funded profile.
Country bands use historical World Bank political-stability observations from 2023.
Selected valuation and operating metrics
At a glance
| Metric | FRSYour stock | MRT | SHN | BTR | AAR | AUC | Peer median |
|---|---|---|---|---|---|---|---|
| Enterprise value | —Cash / net-debt bridge unresolved2026-09-25 | A$49.48m2026-09-25 | A$118.9m2026-09-25 | A$540m2026-09-25 | A$261m2026-09-25 | A$659.7m2026-09-25 | A$261m5 comparable peers |
| EV / attributable study NPV | —Study NPV unavailableDate unavailable | —Study NPV unavailableDate unavailable | —Study NPV unavailableDate unavailable | —Study NPV unavailableDate unavailable | —Study NPV unavailableDate unavailable | —Study NPV unavailableDate unavailable | —0 comparable peers |
| EV / attributable resources | —EV and resource total unresolved2026-09-25 | —Resource total unresolved2026-09-25 | —Resource total unresolved2026-09-25 | —Resource total unresolved2026-09-25 | —Resource total unresolved2026-09-25 | —Resource total unresolved2026-09-25 | —0 comparable peers |
| Equity value | A$739.7m2026-09-25 | A$279m2026-09-25 | A$129.5m2026-09-25 | A$648.2m2026-09-25 | A$325.6m2026-09-25 | A$725.7m2026-09-25 | —0 comparable peers |
| Study unit cost | 3,293 AUD/oz AISC2026-09-18 | 3,353 AUD/oz AISC2026-02-17 | —Input unavailableDate unavailable | 2,998 AUD/oz AISC2026-01-29 | 2,085 AUD/oz AISC2025-06-25 | 2,252 AUD/oz AISC2025-12-16 | —0 comparable peers |
A dash means unavailable. Medians appear only with four compatible peers. Dates refer to each observation.
What the differences mean
The fair-value thesis
The fair-value thesis
What the peer differences mean for our fair value is available to subscribers.
Sign in or enter a guest codeEvidence and methodologySources, dates and calculations
Selected metrics: Retain the three mandatory developer valuation metrics even when unavailable. Add ordinary-share market capitalization as observable equity-value context while EV remains unresolved, explicitly distinguishing equity value from enterprise value. Add forecast main-asset study AISC as qualified operating context because gold identity and AISC units align, while designs, dates, cost inclusions and price assumptions differ. Price/base fair value already appears in the headline and is not repeated as a row. Cash, dilution and inventory remain audit/context inputs. No compatible chart cohort or peer-derived target is warranted. Independent valuation conclusions remain unchanged.
Enterprise value
FRS · —
Cash / net-debt bridge unresolved. A$7.763m FY2026 audited cash is a June checkpoint. The A$310m placement and A$210m Edna May cash purchase completed in September; A$22.822m June payables, A$4.914m deferred Hyden consideration and subsequent spending prevent a verified September cash balance. · 2026-09-25 193211718867
MRT · A$49.48m
documented admitted EV bridge; capital inputs retain original dates · 2026-09-25 3025242322212029
Calculation inputs
[
{
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"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
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"reason": "",
"scope": "company",
"source_ids": [
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"status": "available",
"unit": "AUD",
"value": 49481254.5
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-08-06",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-08-06",
"formula": "multiply",
"inputs": [
{
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"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
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"reason": "",
"scope": "company",
"source_ids": [
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"status": "available",
"unit": "AUD/share",
"value": 0.75
},
{
"as_of_date": "2026-08-06",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"MRT:mrt_2924031096076a1333211",
"MRT:mrt_2924031114096a1334020",
"MRT:mrt_2924031129676a1334797",
"MRT:mrt_2924031187606a1337657"
],
"status": "available",
"unit": "shares",
"value": 371963006.0
}
],
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"source_ids": [
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"status": "available",
"unit": "AUD",
"value": 278972254.5
},
{
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"status": "available",
"unit": "AUD",
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}
]SHN · A$118.9m
documented admitted EV bridge; capital inputs retain original dates · 2026-09-25 353332314138
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD",
"value": 118895444.432
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-07-30",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-07-30",
"formula": "multiply",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
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"period": null,
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"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD/share",
"value": 0.036
},
{
"as_of_date": "2026-07-30",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "shares",
"value": 3595929012.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD",
"value": 129453444.432
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"SHN:market-shn-20260925"
],
"status": "available",
"unit": "AUD",
"value": 129453444.432
}
]BTR · A$540m
documented admitted EV bridge; capital inputs retain original dates · 2026-09-25 43444648495051
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:btr-market-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 540004293.165
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-09-25",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-09-25",
"formula": "multiply",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD/share",
"value": 0.585
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:btr-2026-app2a-employee",
"BTR:btr-2026-app2a-rights"
],
"status": "available",
"unit": "shares",
"value": 1108063749.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:btr-2026-app2a-employee",
"BTR:btr-2026-app2a-rights",
"BTR:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 648217293.165
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:btr-market-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 648217293.165
}
]AAR · A$261m
documented admitted EV bridge; capital inputs retain original dates · 2026-09-25 525857555960
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:aar-20260925-close"
],
"status": "available",
"unit": "AUD",
"value": 260978970.39999998
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-09-01",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-09-01",
"formula": "multiply",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD/share",
"value": 0.18
},
{
"as_of_date": "2026-09-01",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:aar-20260826-cleansing",
"AAR:aar-20260901-quotation",
"AAR:aar-20260925-annual"
],
"status": "available",
"unit": "shares",
"value": 1808809680.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:aar-20260826-cleansing",
"AAR:aar-20260901-quotation",
"AAR:aar-20260925-annual",
"AAR:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 325585742.4
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:aar-20260925-close"
],
"status": "available",
"unit": "AUD",
"value": 325585742.4
}
]AUC · A$659.7m
documented admitted EV bridge; capital inputs retain original dates · 2026-09-25 626165676468666970
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AUC:auc20260925price"
],
"status": "available",
"unit": "AUD",
"value": 659717099.79
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-09-21",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-09-21",
"formula": "multiply",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AUC:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD/share",
"value": 1.315
},
{
"as_of_date": "2026-09-21",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AUC:asx20260713quarter",
"AUC:asx20260805capital",
"AUC:asx20260827capital",
"AUC:asx20260921capital",
"AUC:asx20260923waiver"
],
"status": "available",
"unit": "shares",
"value": 551838466.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AUC:asx20260713quarter",
"AUC:asx20260805capital",
"AUC:asx20260827capital",
"AUC:asx20260921capital",
"AUC:asx20260923waiver",
"AUC:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 725667582.79
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AUC:auc20260925price"
],
"status": "available",
"unit": "AUD",
"value": 725667582.79
}
]EV / attributable study NPV
FRS · —
Study reports undiscounted cash flow, not a supported discounted NPV · Date unavailable 1091211
MRT · —
Study NPV lacks an admitted explicit tax basis and/or discount-rate assumptions · Date unavailable 21
BTR · —
No complete supported company study NPV; whole-company EV cannot be allocated to individual projects · Date unavailable 42
AAR · —
No complete supported company study NPV; whole-company EV cannot be allocated to individual projects · Date unavailable 54
AUC · —
No complete supported company study NPV; whole-company EV cannot be allocated to individual projects · Date unavailable 63
EV / attributable resources
FRS · —
Numerator unavailable: Cash / net-debt bridge unresolved. A$7.763m FY2026 audited cash is a June checkpoint. The A$310m placement and A$210m Edna May cash purchase completed in September; A$22.822m June payables, A$4.914m deferred Hyden consideration and subsequent spending prevent a verified September cash balance.; Denominator unavailable: No complete, unambiguous non-overlapping attributable contained-metal total · 2026-09-25 1932117181386912711
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "documented admitted EV bridge; capital inputs retain original dates",
"comparability_key": "AUD|None|company|documented admitted EV bridge; capital inputs retain original dates",
"formula": null,
"inputs": [],
"period": null,
"reason": "Cash / net-debt bridge unresolved. A$7.763m FY2026 audited cash is a June checkpoint. The A$310m placement and A$210m Edna May cash purchase completed in September; A$22.822m June payables, A$4.914m deferred Hyden consideration and subsequent spending prevent a verified September cash balance.",
"scope": "company",
"source_ids": [
"FRS:comparison-local-close-2026-09-25",
"FRS:l-2026-07-01-forrestania-secures-a-310m-for-edna-may-acqu",
"FRS:l-2026-07-28-quarterly-activities-appendix-5b-cash-flow-r",
"FRS:l-2026-08-07-application-for-quotation-of-securities-frs",
"FRS:m-frs-close-2026-09-25",
"FRS:r-annual-2026",
"FRS:r-cap-sep16",
"FRS:r-edna-completion",
"FRS:r-third-bidder"
],
"status": "unavailable",
"unit": "AUD",
"value": null
},
{
"as_of_date": "2026-09-24",
"basis": "attributable contained resources",
"comparability_key": "|None|company|attributable contained resources|classification:total",
"formula": null,
"inputs": [],
"period": null,
"reason": "No complete, unambiguous non-overlapping attributable contained-metal total",
"scope": "company",
"source_ids": [
"FRS:r-british-mre",
"FRS:r-edna-pfs",
"FRS:r-johnson-pfs",
"FRS:r-tycho-pfs"
],
"status": "unavailable",
"unit": "",
"value": null
}
]MRT · —
Denominator unavailable: No complete, unambiguous non-overlapping attributable contained-metal total · 2026-09-25 3025242322212029
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "documented admitted EV bridge; capital inputs retain original dates",
"comparability_key": "AUD|None|company|documented admitted EV bridge; capital inputs retain original dates",
"formula": "ev_price_bridge",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"status": "available",
"unit": "AUD",
"value": 49481254.5
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-08-06",
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"inputs": [
{
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"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD/share",
"value": 0.75
},
{
"as_of_date": "2026-08-06",
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"comparability_key": "shares|None|company|reported",
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"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "shares",
"value": 371963006.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"MRT:mrt_2924031096076a1333211",
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"status": "available",
"unit": "AUD",
"value": 278972254.5
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"status": "available",
"unit": "AUD",
"value": 278972254.5
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"MRT:comparison-local-close-2026-09-25",
"MRT:mrt_2924031096076a1333211",
"MRT:mrt_2924031114096a1334020",
"MRT:mrt_2924031129666a1334796",
"MRT:mrt_2924031129676a1334797",
"MRT:mrt_2924031174156a1337081",
"MRT:mrt_2924031187606a1337657",
"MRT:mrt_market_20260925"
],
"status": "available",
"unit": "AUD",
"value": 49481254.5
},
{
"as_of_date": "2026-08-03",
"basis": "attributable contained resources",
"comparability_key": "|None|company|attributable contained resources|classification:indicated_and_inferred,reported,total",
"formula": null,
"inputs": [],
"period": null,
"reason": "No complete, unambiguous non-overlapping attributable contained-metal total",
"scope": "company",
"source_ids": [
"MRT:mrt_2924031174156a1337081"
],
"status": "unavailable",
"unit": "",
"value": null
}
]SHN · —
Denominator unavailable: No complete, unambiguous non-overlapping attributable contained-metal total · 2026-09-25 353332314138
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "documented admitted EV bridge; capital inputs retain original dates",
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"formula": "ev_price_bridge",
"inputs": [
{
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"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD",
"value": 118895444.432
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-07-30",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-07-30",
"formula": "multiply",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD/share",
"value": 0.036
},
{
"as_of_date": "2026-07-30",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"unit": "shares",
"value": 3595929012.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"status": "available",
"unit": "AUD",
"value": 129453444.432
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"SHN:market-shn-20260925"
],
"status": "available",
"unit": "AUD",
"value": 129453444.432
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"SHN:asx-6a1323122",
"SHN:asx-6a1336263",
"SHN:asx-6a1336266",
"SHN:asx-6a1336372",
"SHN:comparison-local-close-2026-09-25",
"SHN:market-shn-20260925"
],
"status": "available",
"unit": "AUD",
"value": 118895444.432
},
{
"as_of_date": null,
"basis": "attributable contained resources",
"comparability_key": "|None|company|attributable contained resources|classification:Measured, Indicated and Inferred aggregate; recoverable AuEq,Measured, Indicated and Inferred subset of the Ravenswood total",
"formula": null,
"inputs": [],
"period": null,
"reason": "No complete, unambiguous non-overlapping attributable contained-metal total",
"scope": "company",
"source_ids": [],
"status": "unavailable",
"unit": "",
"value": null
}
]BTR · —
Denominator unavailable: No complete, unambiguous non-overlapping attributable contained-metal total · 2026-09-25 43444648495051
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "documented admitted EV bridge; capital inputs retain original dates",
"comparability_key": "AUD|None|company|documented admitted EV bridge; capital inputs retain original dates",
"formula": "ev_price_bridge",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:btr-market-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 540004293.165
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-09-25",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-09-25",
"formula": "multiply",
"inputs": [
{
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"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD/share",
"value": 0.585
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"BTR:btr-2026-app2a-rights"
],
"status": "available",
"unit": "shares",
"value": 1108063749.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"BTR:btr-2026-app2a-rights",
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],
"status": "available",
"unit": "AUD",
"value": 648217293.165
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:btr-market-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 648217293.165
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:btr-2026-05-26-btr-approves-final-investment-decision-at-goldfields-project",
"BTR:btr-2026-07-30-quarterly-activities-appendix-5b-cash-flow-report",
"BTR:btr-2026-annual",
"BTR:btr-2026-app2a-employee",
"BTR:btr-2026-app2a-rights",
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],
"status": "available",
"unit": "AUD",
"value": 540004293.165
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{
"as_of_date": null,
"basis": "attributable contained resources",
"comparability_key": "|None|company|attributable contained resources|classification:all categories",
"formula": null,
"inputs": [],
"period": null,
"reason": "No complete, unambiguous non-overlapping attributable contained-metal total",
"scope": "company",
"source_ids": [],
"status": "unavailable",
"unit": "",
"value": null
}
]AAR · —
Denominator unavailable: No complete, unambiguous non-overlapping attributable contained-metal total · 2026-09-25 525857555960
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "documented admitted EV bridge; capital inputs retain original dates",
"comparability_key": "AUD|None|company|documented admitted EV bridge; capital inputs retain original dates",
"formula": "ev_price_bridge",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:aar-20260925-close"
],
"status": "available",
"unit": "AUD",
"value": 260978970.39999998
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-09-01",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-09-01",
"formula": "multiply",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD/share",
"value": 0.18
},
{
"as_of_date": "2026-09-01",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:aar-20260826-cleansing",
"AAR:aar-20260901-quotation",
"AAR:aar-20260925-annual"
],
"status": "available",
"unit": "shares",
"value": 1808809680.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"AAR:aar-20260901-quotation",
"AAR:aar-20260925-annual",
"AAR:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 325585742.4
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:aar-20260925-close"
],
"status": "available",
"unit": "AUD",
"value": 325585742.4
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"AAR:aar-20260826-cleansing",
"AAR:aar-20260901-quotation",
"AAR:aar-20260925-annual",
"AAR:aar-20260925-close",
"AAR:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 260978970.39999998
},
{
"as_of_date": null,
"basis": "attributable contained resources",
"comparability_key": "|None|company|attributable contained resources|classification:Indicated and Inferred,Measured, Indicated and Inferred",
"formula": null,
"inputs": [],
"period": null,
"reason": "No complete, unambiguous non-overlapping attributable contained-metal total",
"scope": "company",
"source_ids": [],
"status": "unavailable",
"unit": "",
"value": null
}
]AUC · —
Denominator unavailable: No complete, unambiguous non-overlapping attributable contained-metal total · 2026-09-25 63626165676468666970
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "documented admitted EV bridge; capital inputs retain original dates",
"comparability_key": "AUD|None|company|documented admitted EV bridge; capital inputs retain original dates",
"formula": "ev_price_bridge",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AUC:auc20260925price"
],
"status": "available",
"unit": "AUD",
"value": 659717099.79
},
{
"as_of_date": "2026-09-25",
"basis": "ordinary shares; capital as of 2026-09-21",
"comparability_key": "AUD|None|company|ordinary shares; capital as of 2026-09-21",
"formula": "multiply",
"inputs": [
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD/share",
"value": 1.315
},
{
"as_of_date": "2026-09-21",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"AUC:asx20260805capital",
"AUC:asx20260827capital",
"AUC:asx20260921capital",
"AUC:asx20260923waiver"
],
"status": "available",
"unit": "shares",
"value": 551838466.0
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"AUC:asx20260923waiver",
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"status": "available",
"unit": "AUD",
"value": 725667582.79
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "AUD|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD",
"value": 725667582.79
}
],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"AUC:asx20260827capital",
"AUC:asx20260901annual",
"AUC:asx20260921capital",
"AUC:asx20260923waiver",
"AUC:auc20260925price",
"AUC:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD",
"value": 659717099.79
},
{
"as_of_date": "2025-12-16",
"basis": "attributable contained resources",
"comparability_key": "|None|company|attributable contained resources|classification:Indicated,Inferred,Measured",
"formula": null,
"inputs": [],
"period": null,
"reason": "No complete, unambiguous non-overlapping attributable contained-metal total",
"scope": "company",
"source_ids": [
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"status": "unavailable",
"unit": "",
"value": null
}
]Equity value
FRS · A$739.7m
ordinary shares; capital as of 2026-09-16 · 2026-09-25 19187
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD/share",
"value": 0.305
},
{
"as_of_date": "2026-09-16",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"FRS:r-cap-sep16",
"FRS:r-third-bidder"
],
"status": "available",
"unit": "shares",
"value": 2425392127.0
}
]MRT · A$279m
ordinary shares; capital as of 2026-08-06 · 2026-09-25 3025242220
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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],
"status": "available",
"unit": "AUD/share",
"value": 0.75
},
{
"as_of_date": "2026-08-06",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
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"MRT:mrt_2924031114096a1334020",
"MRT:mrt_2924031129676a1334797",
"MRT:mrt_2924031187606a1337657"
],
"status": "available",
"unit": "shares",
"value": 371963006.0
}
]SHN · A$129.5m
ordinary shares; capital as of 2026-07-30 · 2026-09-25 3141
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"SHN:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD/share",
"value": 0.036
},
{
"as_of_date": "2026-07-30",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"SHN:asx-6a1336372"
],
"status": "available",
"unit": "shares",
"value": 3595929012.0
}
]BTR · A$648.2m
ordinary shares; capital as of 2026-09-25 · 2026-09-25 484951
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD/share",
"value": 0.585
},
{
"as_of_date": "2026-09-25",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"BTR:btr-2026-app2a-employee",
"BTR:btr-2026-app2a-rights"
],
"status": "available",
"unit": "shares",
"value": 1108063749.0
}
]AAR · A$325.6m
ordinary shares; capital as of 2026-09-01 · 2026-09-25 58575560
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD/share",
"value": 0.18
},
{
"as_of_date": "2026-09-01",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AAR:aar-20260826-cleansing",
"AAR:aar-20260901-quotation",
"AAR:aar-20260925-annual"
],
"status": "available",
"unit": "shares",
"value": 1808809680.0
}
]AUC · A$725.7m
ordinary shares; capital as of 2026-09-21 · 2026-09-25 626167686670
Calculation inputs
[
{
"as_of_date": "2026-09-25",
"basis": "local daily_stock_prices close / 1000000",
"comparability_key": "AUD/share|None|company|local daily_stock_prices close / 1000000",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AUC:comparison-local-close-2026-09-25"
],
"status": "available",
"unit": "AUD/share",
"value": 1.315
},
{
"as_of_date": "2026-09-21",
"basis": "reported",
"comparability_key": "shares|None|company|reported",
"formula": null,
"inputs": [],
"period": null,
"reason": "",
"scope": "company",
"source_ids": [
"AUC:asx20260713quarter",
"AUC:asx20260805capital",
"AUC:asx20260827capital",
"AUC:asx20260921capital",
"AUC:asx20260923waiver"
],
"status": "available",
"unit": "shares",
"value": 551838466.0
}
]Study unit cost
FRS · 3,293 AUD/oz AISC
forecast study cost; September 2026 PFS at A$5,500/oz; pre-tax undiscounted free cash flow reported separately, no issuer NPV supplied. · 2026-09-18 9
MRT · 3,353 AUD/oz AISC
forecast study cost; Issuer project-level NPV excludes corporate costs and assumes A$5,500/oz gold; A$131m is maximum drawdown, not initial capex. · 2026-02-17 21
SHN · —
No supported comparable observation for this selected metric · Date unavailable
BTR · 2,998 AUD/oz AISC
forecast study cost; Pre-tax at A$6,000/oz gold, issued January 2026. · 2026-01-29 42
AAR · 2,085 AUD/oz AISC
forecast study cost; Post-tax NPV8 at FID at A$4,250/oz; includes Feysville feed, pre-production capex and WA gold royalty. · 2025-06-25 54
AUC · 2,252 AUD/oz AISC
forecast study cost; Reported real ungeared post-tax NPV5 at A$4,300/oz gold, 2.5% WA royalty and 30% company tax; no independent project finance terms secured. · 2025-12-16 63
Material gaps
- FRS price is a September25 close, not an October5 trade; capital dates differ across issuers.
- FRS current cash/net-debt bridge is unresolved after completed placement and Edna May acquisition.
- MRT issuer NPV8 is reported; normalized NPV fails explicit tax-basis admission. This is a source/admission gap rather than absent or undiscounted issuer economics.
- BTR/AAR/AUC project NPVs have different tax, discount, study-date and gold-price assumptions; company dominance/complete economic scope is not admitted.
- Complete company-level, non-overlapping attributable contained-gold inventory is not admitted for any issuer; preserve all EV/resources rows as unavailable.
- Forecast study AISC values differ in designs, price-dependent costs and reporting dates; no quartiles or premium/discount inference.
- June cash is historical and restrictions/commitments differ; FRS cash is not pro forma September cash.
- Conservative fully diluted ratios include unvested and out-of-money instruments where disclosed, omit exercise proceeds and exclude hypothetical project-financing dilution.
Follow-up questions
- Reconcile post-acquisition FRS cash, claims, payments and subsequent spending to produce a dated EV bridge.
- Confirm MRT NPV tax treatment from its original February17 study and correct admission/reason detail without treating reported NPV as absent.
- Establish demonstrable main-study dominance or complete supported company study scope before EV/NPV.
- Reconcile complete non-overlapping company gold resource totals to acquired assets, ownership and current estimates before EV/resources.
- Verify FRS approvals, funded cost-to-complete and first commercial margins against the independent model; do not revise its saved valuation from this comparison.
Sources
- Application for quotation of securities - FRS2026-08-07
- Quarterly Activities/Appendix 5B Cash Flow Report2026-07-28
- Forrestania Secures A$310M for Edna May Acquisition2026-07-01
- Lake Johnston Processing Infra. Acquisition Completes2026-02-13
- Executed Sale Agreement of Lake Johnston Infrastructure2025-12-31
- Completion of Edna May Gold Project Acquisition2026-09-04
- Third Supplementary Bidder Statement2026-09-07
- Application for quotation of securities2026-09-16
- Edna May Pre-Feasibility Study and Ore Reserve2026-09-18
- British Hill Pre-Feasibility Study and Ore Reserve2026-09-18
- Tycho Pre-Feasibility Study and Ore Reserve2026-09-18
- Johnson Range Pre-Feasibility Study and Ore Reserve2026-09-18
- British Hill MRE Continues Solid Growth2026-09-24
- Forrestania Advances Agreements and Restart Readiness2026-09-09
- Lake Johnston Construction Momentum Continues2026-09-18
- Total Mineral Resource Estimate Surpasses 2Moz Au2026-09-07
- FRS ordinary share ASX close 25 September 20262026-09-25
- 2026 Annual Report2026-09-14
- Local eligible daily stock close2026-09-25
- Application for quotation of securities - MRT2026-08-06
- Diggers & Dealers Mining Forum Presentation2026-08-03
- Quarterly Activities Report 30 June 20262026-07-22
- Quarterly Cash Flow Report 30 June 20262026-07-22
- Application for quotation of securities - MRT2026-07-15
- Application for quotation of securities - MRT2026-07-09
- Gold Ore Reserve Update2026-02-17
- Gold Mineral Resources Update2026-02-13
- Feasibility Study Update2025-12-24
- MRT ASX ordinary share close2026-09-25
- Local eligible daily stock close2026-09-25
- Application for quotation of securities - SHN2026-07-30
- Appendix 5B Cash Flow Report2026-07-30
- Quarterly Activities Report2026-07-30
- Mt Moss Acquisition Completed & Production Pathway Advanced2026-07-02
- Mt Moss Acquisition and Successful Capital Raising2026-04-30
- Robust Mining Study for Liontown Gold Operation2026-02-16
- Significant Upgrade to Liontown Resource2026-07-15
- SHN verified ordinary-share close on 25 September 20262026-09-25
- Refurbishment on Track - Mt Moss2026-09-08
- Updated Mining Study for Liontown Gold Operation2026-09-21
- Local eligible daily stock close2026-09-25
- Updated Goldfields Feasibility Study2026-01-29
- BTR Approves Final Investment Decision at Goldfields Project2026-05-26
- Quarterly Activities/Appendix 5B Cash Flow Report2026-07-30
- Diggers and Dealers Presentation2026-08-05
- Annual Report to Shareholders 20262026-09-04
- Goldfields construction update2026-09-09
- Appendix 2A employee shares2026-09-25
- Appendix 2A rights conversion2026-09-25
- BTR.AX ordinary share close, 25 September 20262026-09-25
- Local eligible daily stock close2026-09-25
- Quarterly Activities & Cashflow Report2026-07-27
- Mineral Resource Increased to 2.07 Million Ounces2026-04-21
- Mandilla Project Pre-Feasibility Study - Maiden Ore Reserve2025-06-25
- Annual Report for year ended 30 June 20262026-09-25
- Theia Deeps assay results continue to strengthen case2026-09-15
- Application for quotation of securities2026-09-01
- Cleansing notice for equity issues2026-08-26
- AAR ordinary share local closing observation2026-09-25
- Local eligible daily stock close2026-09-25
- Application for quotation of securities - AUC2026-08-05
- Quarterly Activities/Appendix 5B Cash Flow Report2026-07-13
- Updated Definitive Feasibility Study2025-12-16
- Ausgold 2026 Annual Report2026-09-01
- OceanaGold proposed acquisition of Ausgold2026-08-17
- ASX waiver for scheme warrant cancellation2026-09-23
- Application for quotation of securities, 27 August 20262026-08-27
- Application for quotation of securities, 21 September 20262026-09-21
- AUC ASX ordinary-share close 25 September 20262026-09-25
- Local eligible daily stock close2026-09-25
- World Bank Worldwide Governance Indicators — Political Stability, archived 2024 edition2024-11-05
Saved comparisonsHistorical runs and downloads
Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory128 documents
Zenith Minerals 03R & 04R Review Panel DecisionTransaction · HighPartial
Review Panel affirmed unacceptable-circumstances declaration and orders after accepting additional disclosure undertakings.
- Document ID
- r-panel-review
- Published UTC
- 2026-09-28T09:05:00Z
- Projects
- —
- Commodities
- —
FRS ordinary share ASX close 25 September 2026Market Data · HighExtracted
Latest eligible local ASX close selected by miners.reference_price: A$0.305, volume 11,356,093, one FRS ordinary share.
- Document ID
- m-frs-close-2026-09-25
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
British Hill MRE Continues Solid GrowthResource Update · HighPartial
Updated British Hill resource; ore reserve has not yet been restated.
- Document ID
- r-british-mre
- Published UTC
- 2026-09-24T00:12:00Z
- Projects
- british-hill
- Commodities
- gold
Edna May Pre-Feasibility Study and Ore ReserveStudy · HighPartial
PFS at A$5,500/oz; stage-three cutback still needs approval.
- Document ID
- r-edna-pfs
- Published UTC
- 2026-09-18T05:08:00Z
- Projects
- edna-may
- Commodities
- gold
British Hill Pre-Feasibility Study and Ore ReserveStudy · HighPartial
PFS at A$5,500/oz with 23 months mining and 11 months processing.
- Document ID
- r-british-pfs
- Published UTC
- 2026-09-18T04:08:00Z
- Projects
- british-hill
- Commodities
- gold
Tycho Pre-Feasibility Study and Ore ReserveStudy · HighPartial
PFS at A$5,500/oz with eight-month project life.
- Document ID
- r-tycho-pfs
- Published UTC
- 2026-09-18T03:38:00Z
- Projects
- tycho
- Commodities
- gold
Johnson Range Pre-Feasibility Study and Ore ReserveStudy · HighPartial
PFS at A$5,500/oz with 12-month project life.
- Document ID
- r-johnson-pfs
- Published UTC
- 2026-09-18T02:10:00Z
- Projects
- johnson-range
- Commodities
- gold
Takeovers Panel Orders on Zenith BidTransaction · HighPartial
Panel orders constrain the open Zenith takeover.
- Document ID
- r-zenith-orders
- Published UTC
- 2026-09-17T11:22:00Z
- Projects
- —
- Commodities
- —
Zenith Minerals Takeover Remains Open for AcceptancesTransaction · HighPartial
Scrip bid remains open through 21 October 2026 unless varied.
- Document ID
- r-zenith-offer
- Published UTC
- 2026-09-18T00:15:00Z
- Projects
- —
- Commodities
- —
Lake Johnston Construction Momentum ContinuesOperations · HighPartial
Lake Johnston construction progress announcement.
- Document ID
- r-lake-sep
- Published UTC
- 2026-09-18T07:00:00Z
- Projects
- lake-johnston
- Commodities
- gold
Application for quotation of securitiesCorporate Action · HighPartial
Latest identified ASX Appendix 2A ordinary-share total.
- Document ID
- r-cap-sep16
- Published UTC
- 2026-09-16T09:16:00Z
- Projects
- —
- Commodities
- —
Forrestania Executes Strategic AgreementsEconomic Arrangement · HighPartial
Ore purchase agreement and master services agreement with MEGA Resources.
- Document ID
- r-arrangements
- Published UTC
- 2026-09-14T00:16:00Z
- Projects
- edna-may
- Commodities
- gold
CFO AppointmentLeadership · HighPartial
Future appointment; not in current executive roster.
- Document ID
- r-cfo
- Published UTC
- 2026-09-14T00:16:00Z
- Projects
- —
- Commodities
- —
2026 Annual ReportResults · HighPartial
FY2026 audited financials and group ownership, executive roster, obligations and commitments.
- Document ID
- r-annual-2026
- Published UTC
- 2026-09-14T04:35:00Z
- Projects
- —
- Commodities
- gold
Forrestania Advances Agreements and Restart ReadinessEconomic Arrangement · HighPartial
SGS lab, Campbell haulage, Orica cyanide and First Au ore-purchase frameworks.
- Document ID
- r-restart
- Published UTC
- 2026-09-09T00:17:00Z
- Projects
- edna-may · lake-johnston
- Commodities
- gold
Third Supplementary Bidder StatementTransaction · HighPartial
Zenith offer remains subject to Takeovers Panel proceedings and conditions.
- Document ID
- r-third-bidder
- Published UTC
- 2026-09-07T11:17:00Z
- Projects
- —
- Commodities
- —
Total Mineral Resource Estimate Surpasses 2Moz AuResource Update · HighPartial
Company global mineral resource statement as at 7 September 2026; includes acquired projects.
- Document ID
- r-global-mre
- Published UTC
- 2026-09-07T00:22:00Z
- Projects
- —
- Commodities
- —
Completion of Edna May Gold Project AcquisitionTransaction · HighPartial
Edna May acquisition closed after shareholder approval.
- Document ID
- r-edna-completion
- Published UTC
- 2026-09-04T06:52:00Z
- Projects
- edna-may
- Commodities
- gold
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-08-07-application-for-quotation-of-securities-frs
- Published UTC
- 2026-08-07T07:12:37Z
- Projects
- —
- Commodities
- —
Change in Substantial Holding from FRS and Interim OrdersOther · MediumExtracted
Change in Substantial Holding from FRS and Interim Orders; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-08-06-change-in-substantial-holding-from-frs-and-i
- Published UTC
- 2026-08-05T22:23:41Z
- Projects
- —
- Commodities
- —
Change in Substantial Holding from FRS and Interim OrdersOther · MediumExtracted
Change in Substantial Holding from FRS and Interim Orders; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-08-03-change-in-substantial-holding-from-frs-and-i
- Published UTC
- 2026-08-02T22:29:23Z
- Projects
- —
- Commodities
- —
Zenith Minerals - Third Extension of Offer PeriodOther · MediumExtracted
Zenith Minerals - Third Extension of Offer Period; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-31-zenith-minerals-third-extension-of-offer-per
- Published UTC
- 2026-07-31T04:49:35Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
Quarterly Activities/Appendix 5B Cash Flow Report; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-28-quarterly-activities-appendix-5b-cash-flow-r
- Published UTC
- 2026-07-27T23:37:30Z
- Projects
- —
- Commodities
- —
Second Supplementary Target's StatementTransaction · HighExtracted
Second Supplementary Target's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-24-second-supplementary-target-s-statement
- Published UTC
- 2026-07-24T07:19:56Z
- Projects
- —
- Commodities
- —
Zenith Minerals - Second Extension of Offer PeriodOther · MediumExtracted
Zenith Minerals - Second Extension of Offer Period; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-24-zenith-minerals-second-extension-of-offer-pe
- Published UTC
- 2026-07-24T06:48:16Z
- Projects
- —
- Commodities
- —
Response to Zenith Minerals Investor StatementsOther · MediumExtracted
Response to Zenith Minerals Investor Statements; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-23-response-to-zenith-minerals-investor-stateme
- Published UTC
- 2026-07-22T23:46:46Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-21-application-for-quotation-of-securities-frs
- Published UTC
- 2026-07-21T03:16:54Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-17-application-for-quotation-of-securities-frs
- Published UTC
- 2026-07-17T04:06:43Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-13-application-for-quotation-of-securities-frs
- Published UTC
- 2026-07-13T03:01:07Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-08-application-for-quotation-of-securities-frs
- Published UTC
- 2026-07-08T00:29:44Z
- Projects
- —
- Commodities
- —
Supplementary Target's StatementTransaction · HighExtracted
Supplementary Target's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-08-supplementary-target-s-statement
- Published UTC
- 2026-07-07T22:21:43Z
- Projects
- —
- Commodities
- —
ZNC Board Reaffirms Support For FRS OffMarket Takeover OfferTransaction · HighExtracted
ZNC Board Reaffirms Support For FRS OffMarket Takeover Offer; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-08-znc-board-reaffirms-support-for-frs-offmarke
- Published UTC
- 2026-07-07T22:21:33Z
- Projects
- —
- Commodities
- —
Supplementary Bidder's StatementTransaction · HighExtracted
Supplementary Bidder's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-07-supplementary-bidder-s-statement
- Published UTC
- 2026-07-07T09:02:05Z
- Projects
- —
- Commodities
- —
Notice of Offer Variation - Extension of Bid PeriodOther · MediumExtracted
Notice of Offer Variation - Extension of Bid Period; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-07-notice-of-offer-variation-extension-of-bid-p
- Published UTC
- 2026-07-07T07:53:20Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-03-application-for-quotation-of-securities-frs
- Published UTC
- 2026-07-03T05:03:34Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-01-application-for-quotation-of-securities-frs
- Published UTC
- 2026-07-01T05:20:10Z
- Projects
- —
- Commodities
- —
Proposed issue of securities - FRSCorporate Action · MediumExtracted
Proposed issue of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-01-proposed-issue-of-securities-frs
- Published UTC
- 2026-07-01T00:42:40Z
- Projects
- —
- Commodities
- —
Acquisition of Edna May & Capital Raising PresentationTransaction · HighExtracted
Acquisition of Edna May & Capital Raising Presentation; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-01-acquisition-of-edna-may-capital-raising-pres
- Published UTC
- 2026-07-01T00:42:35Z
- Projects
- —
- Commodities
- —
Forrestania Secures A$310M for Edna May AcquisitionTransaction · HighExtracted
Forrestania Secures A$310M for Edna May Acquisition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-07-01-forrestania-secures-a-310m-for-edna-may-acqu
- Published UTC
- 2026-07-01T00:42:30Z
- Projects
- —
- Commodities
- —
Acquisition of Edna May Gold ProjectTransaction · HighExtracted
Acquisition of Edna May Gold Project; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-29-acquisition-of-edna-may-gold-project
- Published UTC
- 2026-06-28T23:10:16Z
- Projects
- —
- Commodities
- —
Breakaway Dam Copper Lithium Project Acquisition CompletedTransaction · HighExtracted
Breakaway Dam Copper Lithium Project Acquisition Completed; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-29-breakaway-dam-copper-lithium-project-acquisi
- Published UTC
- 2026-06-28T22:22:26Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-26-application-for-quotation-of-securities-frs
- Published UTC
- 2026-06-26T08:13:44Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-18-application-for-quotation-of-securities-frs
- Published UTC
- 2026-06-18T02:51:50Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-17-application-for-quotation-of-securities-frs
- Published UTC
- 2026-06-17T08:20:17Z
- Projects
- —
- Commodities
- —
Dispatch of Bidder's StatementTransaction · HighExtracted
Dispatch of Bidder's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-16-dispatch-of-bidder-s-statement
- Published UTC
- 2026-06-16T04:55:27Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-12-application-for-quotation-of-securities-frs
- Published UTC
- 2026-06-12T03:15:56Z
- Projects
- —
- Commodities
- —
Proposed issue of securities - FRSCorporate Action · MediumExtracted
Proposed issue of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-12-proposed-issue-of-securities-frs
- Published UTC
- 2026-06-12T01:45:00Z
- Projects
- —
- Commodities
- —
Lady Lyla Delivers Mineral Resource Estimate of 41,700ozResource Update · HighExtracted
Lady Lyla Delivers Mineral Resource Estimate of 41,700oz; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-11-lady-lyla-delivers-mineral-resource-estimate
- Published UTC
- 2026-06-10T22:19:50Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-10-application-for-quotation-of-securities-frs
- Published UTC
- 2026-06-10T06:15:03Z
- Projects
- —
- Commodities
- —
Lodgement of Bidder's Statement - Zenith MineralsTransaction · HighExtracted
Lodgement of Bidder's Statement - Zenith Minerals; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-09-lodgement-of-bidder-s-statement-zenith-miner
- Published UTC
- 2026-06-09T09:15:50Z
- Projects
- —
- Commodities
- —
Target StatementTransaction · HighExtracted
Target Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-09-target-statement
- Published UTC
- 2026-06-09T08:53:40Z
- Projects
- —
- Commodities
- —
Proposed issue of securities - FRSCorporate Action · MediumExtracted
Proposed issue of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-09-proposed-issue-of-securities-frs
- Published UTC
- 2026-06-09T02:11:22Z
- Projects
- —
- Commodities
- —
Forrestania and Zenith Minerals Agree Recommended TakeoverTransaction · HighExtracted
Forrestania and Zenith Minerals Agree Recommended Takeover; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-09-forrestania-and-zenith-minerals-agree-recomm
- Published UTC
- 2026-06-08T22:57:36Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-05-application-for-quotation-of-securities-frs
- Published UTC
- 2026-06-05T00:35:03Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-04-application-for-quotation-of-securities-frs
- Published UTC
- 2026-06-04T07:50:32Z
- Projects
- —
- Commodities
- —
MacPhersons Delivers Strong Mineral Resource EstimateResource Update · HighExtracted
MacPhersons Delivers Strong Mineral Resource Estimate; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-06-02-macphersons-delivers-strong-mineral-resource
- Published UTC
- 2026-06-01T22:17:56Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-29-application-for-quotation-of-securities-frs
- Published UTC
- 2026-05-29T07:55:54Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - FRSCorporate Action · MediumExtracted
Application for quotation of securities - FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-28-application-for-quotation-of-securities-frs
- Published UTC
- 2026-05-28T07:31:20Z
- Projects
- —
- Commodities
- —
Forrestania Secures Newington Gold Project AcquisitionTransaction · HighExtracted
Forrestania Secures Newington Gold Project Acquisition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-25-forrestania-secures-newington-gold-project-a
- Published UTC
- 2026-05-24T22:16:23Z
- Projects
- —
- Commodities
- —
Johnson Range Delivers Upgraded Mineral Resource EstimateResource Update · HighExtracted
Johnson Range Delivers Upgraded Mineral Resource Estimate; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-14-johnson-range-delivers-upgraded-mineral-reso
- Published UTC
- 2026-05-13T22:17:47Z
- Projects
- —
- Commodities
- —
Completion of Hyden Gold Project AcquisitionTransaction · HighExtracted
Completion of Hyden Gold Project Acquisition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-12-completion-of-hyden-gold-project-acquisition
- Published UTC
- 2026-05-11T23:04:54Z
- Projects
- —
- Commodities
- —
Tycho Mineral Resource EstimateResource Update · HighExtracted
Tycho Mineral Resource Estimate; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-04-tycho-mineral-resource-estimate
- Published UTC
- 2026-05-03T23:37:18Z
- Projects
- —
- Commodities
- —
Mineral Resource Estimate Upgrade at Ada AnnResource Update · HighExtracted
Mineral Resource Estimate Upgrade at Ada Ann; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-04-mineral-resource-estimate-upgrade-at-ada-ann
- Published UTC
- 2026-05-03T22:54:12Z
- Projects
- —
- Commodities
- —
Forrestania Completes Karonie Gold Project AcquisitionTransaction · HighExtracted
Forrestania Completes Karonie Gold Project Acquisition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-04-forrestania-completes-karonie-gold-project-a
- Published UTC
- 2026-05-03T22:15:12Z
- Projects
- —
- Commodities
- —
Burracoppin Mineral Resource EstimateResource Update · HighExtracted
Burracoppin Mineral Resource Estimate; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-05-01-burracoppin-mineral-resource-estimate
- Published UTC
- 2026-05-01T01:56:45Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
Quarterly Activities/Appendix 5B Cash Flow Report; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-04-30-quarterly-activities-appendix-5b-cash-flow-r
- Published UTC
- 2026-04-29T22:02:55Z
- Projects
- —
- Commodities
- —
Completion of Key Acquisitions & Results of General MeetingTransaction · HighExtracted
Completion of Key Acquisitions & Results of General Meeting; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-03-27-completion-of-key-acquisitions-results-of-ge
- Published UTC
- 2026-03-27T06:19:30Z
- Projects
- —
- Commodities
- —
Johnson Range Mineral Resource Estimate of 103,500ozResource Update · HighExtracted
Johnson Range Mineral Resource Estimate of 103,500oz; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-03-25-johnson-range-mineral-resource-estimate-of-1
- Published UTC
- 2026-03-24T21:15:49Z
- Projects
- —
- Commodities
- —
Jaurdi Hills Acquisition - Retraction of StatementTransaction · HighExtracted
Jaurdi Hills Acquisition - Retraction of Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-03-16-jaurdi-hills-acquisition-retraction-of-state
- Published UTC
- 2026-03-16T08:03:07Z
- Projects
- —
- Commodities
- —
Completion of Jaurdi Hills AcquisitionTransaction · HighExtracted
Completion of Jaurdi Hills Acquisition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-03-16-completion-of-jaurdi-hills-acquisition
- Published UTC
- 2026-03-16T00:36:24Z
- Projects
- —
- Commodities
- —
Half Yearly Report and AccountsResults · HighExtracted
Half Yearly Report and Accounts; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-03-12-half-yearly-report-and-accounts
- Published UTC
- 2026-03-12T01:06:29Z
- Projects
- —
- Commodities
- —
Forrestania Expands Eastern Goldfields HubOther · MediumExtracted
Forrestania Expands Eastern Goldfields Hub; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-03-11-forrestania-expands-eastern-goldfields-hub
- Published UTC
- 2026-03-10T22:13:19Z
- Projects
- —
- Commodities
- —
Completion of Kula Gold Compulsory AcquisitionTransaction · HighExtracted
Completion of Kula Gold Compulsory Acquisition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-03-05-completion-of-kula-gold-compulsory-acquisiti
- Published UTC
- 2026-03-05T00:54:34Z
- Projects
- —
- Commodities
- —
Further Consolidation of Eastern Goldfields HubOther · MediumExtracted
Further Consolidation of Eastern Goldfields Hub; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-02-25-further-consolidation-of-eastern-goldfields-
- Published UTC
- 2026-02-25T03:53:21Z
- Projects
- —
- Commodities
- —
Forrestania Further Consolidates Forrestania HubOther · MediumExtracted
Forrestania Further Consolidates Forrestania Hub; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-02-25-forrestania-further-consolidates-forrestania
- Published UTC
- 2026-02-24T21:11:04Z
- Projects
- —
- Commodities
- —
Acquisition of MacPhersons RewardTransaction · HighExtracted
Acquisition of MacPhersons Reward; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-02-16-acquisition-of-macphersons-reward
- Published UTC
- 2026-02-15T21:18:28Z
- Projects
- —
- Commodities
- —
Lake Johnston Processing Infra. Acquisition CompletesTransaction · HighExtracted
Lake Johnston Processing Infra. Acquisition Completes; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-02-13-lake-johnston-processing-infra-acquisition-c
- Published UTC
- 2026-02-13T09:21:26Z
- Projects
- —
- Commodities
- —
Mt Dimer, Mt Jackson & Johnson Range Acquisition CompletesTransaction · HighExtracted
Mt Dimer, Mt Jackson & Johnson Range Acquisition Completes; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-02-13-mt-dimer-mt-jackson-johnson-range-acquisitio
- Published UTC
- 2026-02-13T09:14:41Z
- Projects
- —
- Commodities
- —
Forrestania Secures 100% of Mt Palmer ProjectOther · MediumExtracted
Forrestania Secures 100% of Mt Palmer Project; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-02-02-forrestania-secures-100-of-mt-palmer-project
- Published UTC
- 2026-02-01T21:16:17Z
- Projects
- —
- Commodities
- —
19.9% Strategic Investment in OzAurum Resources LtdOther · MediumExtracted
19.9% Strategic Investment in OzAurum Resources Ltd; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-30-19-9-strategic-investment-in-ozaurum-resourc
- Published UTC
- 2026-01-29T21:18:03Z
- Projects
- —
- Commodities
- —
2nd Quarter Activities & Cashflow ReportsOther · MediumExtracted
2nd Quarter Activities & Cashflow Reports; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-30-2nd-quarter-activities-cashflow-reports
- Published UTC
- 2026-01-29T21:17:28Z
- Projects
- —
- Commodities
- —
Completion of Tranche 1 Shares Issued to Kula ShareholdersOther · MediumExtracted
Completion of Tranche 1 Shares Issued to Kula Shareholders; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-22-completion-of-tranche-1-shares-issued-to-kul
- Published UTC
- 2026-01-22T00:30:21Z
- Projects
- —
- Commodities
- —
Change in substantial holding from FRSOther · MediumExtracted
Change in substantial holding from FRS; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-22-change-in-substantial-holding-from-frs
- Published UTC
- 2026-01-21T22:56:06Z
- Projects
- —
- Commodities
- —
FRS - Proceeding to Compulsory Acquisition of Kula GoldTransaction · HighExtracted
FRS - Proceeding to Compulsory Acquisition of Kula Gold; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-21-frs-proceeding-to-compulsory-acquisition-of-
- Published UTC
- 2026-01-21T03:42:59Z
- Projects
- —
- Commodities
- —
Forrestania Consolidates Coolgardie Hub Through AcquisitionTransaction · HighExtracted
Forrestania Consolidates Coolgardie Hub Through Acquisition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-16-forrestania-consolidates-coolgardie-hub-thro
- Published UTC
- 2026-01-15T23:11:11Z
- Projects
- —
- Commodities
- —
CTN Adds Copper Exposure and Additional District-Scale GoldOther · MediumExtracted
CTN Adds Copper Exposure and Additional District-Scale Gold; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-13-ctn-adds-copper-exposure-and-additional-dist
- Published UTC
- 2026-01-12T22:43:42Z
- Projects
- —
- Commodities
- —
FRS Expands Forrestania Gold HubOther · MediumExtracted
FRS Expands Forrestania Gold Hub; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-12-frs-expands-forrestania-gold-hub
- Published UTC
- 2026-01-12T01:15:49Z
- Projects
- —
- Commodities
- —
FRS - Notice of Status of Defeating Conditions of OfferOther · MediumExtracted
FRS - Notice of Status of Defeating Conditions of Offer; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2026-01-02-frs-notice-of-status-of-defeating-conditions
- Published UTC
- 2026-01-01T23:19:15Z
- Projects
- —
- Commodities
- —
Executed Sale Agreement of Lake Johnston InfrastructureOther · MediumExtracted
Executed Sale Agreement of Lake Johnston Infrastructure; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-31-executed-sale-agreement-of-lake-johnston-inf
- Published UTC
- 2025-12-31T01:58:05Z
- Projects
- —
- Commodities
- —
FRS - Forrestania Expands Mt Dimer HubOther · MediumExtracted
FRS - Forrestania Expands Mt Dimer Hub; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-24-frs-forrestania-expands-mt-dimer-hub
- Published UTC
- 2025-12-23T21:32:20Z
- Projects
- —
- Commodities
- —
Letter to ASX Takeover Unconditional and Offer Close DateTransaction · HighExtracted
Letter to ASX Takeover Unconditional and Offer Close Date; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-23-letter-to-asx-takeover-unconditional-and-off
- Published UTC
- 2025-12-22T21:59:32Z
- Projects
- —
- Commodities
- —
FRS - Takeover Declared Unconditional & Offer Close DateTransaction · HighExtracted
FRS - Takeover Declared Unconditional & Offer Close Date; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-23-frs-takeover-declared-unconditional-offer-cl
- Published UTC
- 2025-12-22T21:41:47Z
- Projects
- —
- Commodities
- —
FRS - Notice of Fulfilment of a Defeating ConditionOther · MediumExtracted
FRS - Notice of Fulfilment of a Defeating Condition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-17-frs-notice-of-fulfilment-of-a-defeating-cond
- Published UTC
- 2025-12-17T05:01:58Z
- Projects
- —
- Commodities
- —
FRS - Secures Control of Kula Gold LtdOther · MediumExtracted
FRS - Secures Control of Kula Gold Ltd; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-16-frs-secures-control-of-kula-gold-ltd
- Published UTC
- 2025-12-15T22:33:27Z
- Projects
- —
- Commodities
- —
Forrestania Resources - Acquisition of Gold ProjectsTransaction · HighExtracted
Forrestania Resources - Acquisition of Gold Projects; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-10-forrestania-resources-acquisition-of-gold-pr
- Published UTC
- 2025-12-09T21:26:00Z
- Projects
- —
- Commodities
- —
Dispatch of Target's StatementTransaction · HighExtracted
Dispatch of Target's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-08-dispatch-of-target-s-statement
- Published UTC
- 2025-12-08T05:54:26Z
- Projects
- —
- Commodities
- —
FRS - Dispatch of Bidder's StatementTransaction · HighExtracted
FRS - Dispatch of Bidder's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-08-frs-dispatch-of-bidder-s-statement
- Published UTC
- 2025-12-08T03:52:20Z
- Projects
- —
- Commodities
- —
Replacement Bidder's Statement (Mark-up)Financing · HighExtracted
Replacement Bidder's Statement (Mark-up); local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-05-replacement-bidder-s-statement-mark-up
- Published UTC
- 2025-12-04T21:22:24Z
- Projects
- —
- Commodities
- —
Forrestania Resources - Replacement Bidder's StatementFinancing · HighExtracted
Forrestania Resources - Replacement Bidder's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-05-forrestania-resources-replacement-bidder-s-s
- Published UTC
- 2025-12-04T21:22:14Z
- Projects
- —
- Commodities
- —
Target's StatementTransaction · HighExtracted
Target's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-12-04-target-s-statement
- Published UTC
- 2025-12-03T21:21:31Z
- Projects
- —
- Commodities
- —
Bidder's StatementTransaction · HighExtracted
Bidder's Statement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-11-24-bidder-s-statement
- Published UTC
- 2025-11-24T08:18:47Z
- Projects
- —
- Commodities
- —
Updated Timeline for KGD TakeoverTransaction · HighExtracted
Updated Timeline for KGD Takeover; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-11-21-updated-timeline-for-kgd-takeover
- Published UTC
- 2025-11-20T22:20:44Z
- Projects
- —
- Commodities
- —
FRS Acquires Tenure Around Jaurdi HillOther · MediumExtracted
FRS Acquires Tenure Around Jaurdi Hill; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-11-18-frs-acquires-tenure-around-jaurdi-hill
- Published UTC
- 2025-11-17T23:52:09Z
- Projects
- —
- Commodities
- —
Acquisition of Lake Johnston & $34m PlacementTransaction · HighExtracted
Acquisition of Lake Johnston & $34m Placement; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-11-18-acquisition-of-lake-johnston-34m-placement
- Published UTC
- 2025-11-17T23:51:29Z
- Projects
- —
- Commodities
- —
Acquisition of North Iron Cap Pty Ltd CompleteTransaction · HighExtracted
Acquisition of North Iron Cap Pty Ltd Complete; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-11-04-acquisition-of-north-iron-cap-pty-ltd-comple
- Published UTC
- 2025-11-04T02:35:48Z
- Projects
- —
- Commodities
- —
Retraction of Reference to Mineral Resource EstimateResource Update · HighExtracted
Retraction of Reference to Mineral Resource Estimate; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-11-03-retraction-of-reference-to-mineral-resource-
- Published UTC
- 2025-11-03T04:00:14Z
- Projects
- —
- Commodities
- —
Variation to Agreement to Acquire Hyden Project HoldingsOther · MediumExtracted
Variation to Agreement to Acquire Hyden Project Holdings; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-11-03-variation-to-agreement-to-acquire-hyden-proj
- Published UTC
- 2025-11-02T21:48:36Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
Quarterly Activities/Appendix 5B Cash Flow Report; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-10-29-quarterly-activities-appendix-5b-cash-flow-r
- Published UTC
- 2025-10-29T08:20:38Z
- Projects
- —
- Commodities
- —
No Current Intention to Proceed with Takeover Offer for TG6Transaction · HighExtracted
No Current Intention to Proceed with Takeover Offer for TG6; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-10-29-no-current-intention-to-proceed-with-takeove
- Published UTC
- 2025-10-29T03:18:30Z
- Projects
- —
- Commodities
- —
Burracoppin Gold Project - Acquisition CompletedTransaction · HighExtracted
Burracoppin Gold Project - Acquisition Completed; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-10-17-burracoppin-gold-project-acquisition-complet
- Published UTC
- 2025-10-16T21:31:37Z
- Projects
- —
- Commodities
- —
Execution of Bid Implementation Deed to Acquire Kula GoldOther · MediumExtracted
Execution of Bid Implementation Deed to Acquire Kula Gold; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-10-14-execution-of-bid-implementation-deed-to-acqu
- Published UTC
- 2025-10-13T21:22:32Z
- Projects
- —
- Commodities
- —
Script Takeover Bid Received For All Shares In Kula Gold LtdTransaction · HighExtracted
Script Takeover Bid Received For All Shares In Kula Gold Ltd; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-10-14-script-takeover-bid-received-for-all-shares-
- Published UTC
- 2025-10-13T21:22:07Z
- Projects
- —
- Commodities
- —
Acquisition of Westonia Tenements from KGD CompletedTransaction · HighExtracted
Acquisition of Westonia Tenements from KGD Completed; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-10-09-acquisition-of-westonia-tenements-from-kgd-c
- Published UTC
- 2025-10-09T07:59:58Z
- Projects
- —
- Commodities
- —
Annual Report to shareholdersResults · HighExtracted
Annual Report to shareholders; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-09-30-annual-report-to-shareholders
- Published UTC
- 2025-09-30T05:51:59Z
- Projects
- —
- Commodities
- —
Forrestania Resources - Acquires Tenure Adjacent to Edna MayOther · MediumExtracted
Forrestania Resources - Acquires Tenure Adjacent to Edna May; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-09-23-forrestania-resources-acquires-tenure-adjace
- Published UTC
- 2025-09-22T23:39:08Z
- Projects
- —
- Commodities
- —
Forrestania Resources - Acquires Shares in Gold CompanyOther · MediumExtracted
Forrestania Resources - Acquires Shares in Gold Company; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-09-23-forrestania-resources-acquires-shares-in-gol
- Published UTC
- 2025-09-22T23:38:08Z
- Projects
- —
- Commodities
- —
Forrestania Resources - British Hill Acquisition CompletedTransaction · HighExtracted
Forrestania Resources - British Hill Acquisition Completed; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-09-18-forrestania-resources-british-hill-acquisiti
- Published UTC
- 2025-09-17T23:03:32Z
- Projects
- —
- Commodities
- —
Forrestania Resources - Expands Tenure at ForrestaniaOther · MediumExtracted
Forrestania Resources - Expands Tenure at Forrestania; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-09-17-forrestania-resources-expands-tenure-at-forr
- Published UTC
- 2025-09-16T23:03:44Z
- Projects
- —
- Commodities
- —
Forrestania Resources - Hyden Drilling & Plaints SettledOperations · MediumExtracted
Forrestania Resources - Hyden Drilling & Plaints Settled; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-09-15-forrestania-resources-hyden-drilling-plaints
- Published UTC
- 2025-09-14T23:13:41Z
- Projects
- —
- Commodities
- —
Forrestania Resources Acquires Burracoppin Gold ProjectOther · MediumExtracted
Forrestania Resources Acquires Burracoppin Gold Project; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-09-12-forrestania-resources-acquires-burracoppin-g
- Published UTC
- 2025-09-11T22:52:07Z
- Projects
- —
- Commodities
- —
Maiden Ada Ann Mineral Resource Estimate - UpdatedResource Update · HighExtracted
Maiden Ada Ann Mineral Resource Estimate - Updated; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-08-18-maiden-ada-ann-mineral-resource-estimate-upd
- Published UTC
- 2025-08-17T23:10:10Z
- Projects
- —
- Commodities
- —
Maiden Ada Ann Mineral Resource EstimateResource Update · HighExtracted
Maiden Ada Ann Mineral Resource Estimate; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-08-18-maiden-ada-ann-mineral-resource-estimate
- Published UTC
- 2025-08-17T22:48:25Z
- Projects
- —
- Commodities
- —
FRS Agrees to Acquire North Ironcap Gold ProjectOther · MediumExtracted
FRS Agrees to Acquire North Ironcap Gold Project; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-08-14-frs-agrees-to-acquire-north-ironcap-gold-pro
- Published UTC
- 2025-08-14T01:34:46Z
- Projects
- —
- Commodities
- —
Binding Agreement for Gold Rights at Bonnie Vale ProjectEconomic Arrangement · MediumExtracted
Binding Agreement for Gold Rights at Bonnie Vale Project; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-08-12-binding-agreement-for-gold-rights-at-bonnie-
- Published UTC
- 2025-08-11T22:49:35Z
- Projects
- —
- Commodities
- —
Option for Major Gold Project AcquisitionTransaction · HighExtracted
Option for Major Gold Project Acquisition; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-08-11-option-for-major-gold-project-acquisition
- Published UTC
- 2025-08-10T22:34:02Z
- Projects
- —
- Commodities
- —
FRS Expands Existing Tenure Around Ada Ann ProjectOther · MediumExtracted
FRS Expands Existing Tenure Around Ada Ann Project; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-08-06-frs-expands-existing-tenure-around-ada-ann-p
- Published UTC
- 2025-08-06T04:35:24Z
- Projects
- —
- Commodities
- —
FRS Agree to Acquire British Hill Gold ProjectOther · MediumExtracted
FRS Agree to Acquire British Hill Gold Project; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2025-08-01-frs-agree-to-acquire-british-hill-gold-proje
- Published UTC
- 2025-07-31T23:33:21Z
- Projects
- —
- Commodities
- —
Withdrawal from Fe OptionOther · MediumExtracted
Withdrawal from Fe Option; local ASX release reviewed for the FRS evidence inventory.
- Document ID
- l-2024-09-03-withdrawal-from-fe-option
- Published UTC
- 2024-09-02T22:44:16Z
- Projects
- —
- Commodities
- —
Evidence facts60
1613943440 shares
2026-08-077763000 AUD
2026-06-30Recommissioning targeted December 2026 quarter text
2026-07-28First production anticipated first half calendar 2027 text
2026-07-28310000000 AUD
2026-07-010.4 AUD/share
2026-07-01Agreed to acquire Edna May Gold Hub from Ramelius text
2026-06-29Johnson Range mineral resource estimate upgrade text
2026-05-14David Geraghty executive chair; Brett Hodgins technical director; Mark Di Silvio company secretary text
2026-03-12Strategic investment in OzAurum Resources text
2026-01-30Oliver Clark company secretary; David Geraghty non-executive chair text
2025-06-30A$210m cash plus 225m shares to Ramelius; 100% acquired text
2026-09-042392485421 shares
2026-09-07One FRS share per 4.3 Zenith shares text
2026-09-072425392127 shares
2026-09-1616462676 shares
2026-09-16402800 oz gold
2026-09-18728700000 AUD
2026-09-1898000000 AUD
2026-09-185500 AUD/oz
2026-09-18374600 oz gold
2026-09-1871900 oz gold
2026-09-18104800000 AUD
2026-09-1816100000 AUD
2026-09-1814700 oz gold
2026-09-189900000 AUD
2026-09-1811500000 AUD
2026-09-1813000 oz gold
2026-09-1828500 oz gold
2026-09-1860100000 AUD
2026-09-188000000 AUD
2026-09-18212400 oz gold
2026-09-24138100 oz gold
2026-09-242000000 tonnes
2026-09-1424 months
2026-09-142000000 tonnes maximum over 24 months
2026-09-09Panel made final orders concerning Zenith bid conduct text
2026-09-172026-10-21 None
2026-09-18Construction and refurbishment progressing toward commissioning text
2026-09-182078543 oz gold
2026-09-07Tom Plant, starts 5 January 2027 text
2026-09-140.305 AUD/share
2026-09-2511356093 shares
2026-09-257762716 AUD
2026-06-3063547 AUD
2026-06-3022821592 AUD
2026-06-304914000 AUD
2026-06-3039790142 AUD
2026-06-3052777048 AUD
2026-06-304898970 AUD
2026-06-30-31277547 AUD
2026-06-30-5491403 AUD
2026-06-30-82760090 AUD
2026-06-3097542074 AUD
2026-06-30613726 AUD
2026-06-30701035 AUD
2026-06-301% NSR plus 1.5% selected tenement text
2026-06-301% gross revenue text
2026-06-30Affirmed following undertakings text
2026-09-28Required in supplementary bidder and target statements text
2026-09-28