Forrestania Resources (FRS) Stock Overview

Operates as a gold exploration and development company in Western Australia. More details

FRS fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	6/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 98.4% below our estimate of its fair value

Earnings are forecast to grow 124.43% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Does not have meaningful revenue (A$4M)

FRS Community Fair Values

Create Narrative

See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

NEW446,702 members

Join community and earn perks

Gain real feedbackFrom our editorial team, personally. Not silence.

Grow your followingReal investors. The kind who actually invest, not scroll past.

Unlock free accessFree premium subscription for consistent and quality authors.

Learn more Create Narrative

446,702 investors already sharing narratives

View all narratives

Forrestania Resources Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Forrestania Resources
Historical stock prices
Current Share Price	AU$0.38
52 Week High	AU$0.72
52 Week Low	AU$0.17
Beta	1.75
1 Month Change	4.11%
3 Month Change	-25.49%
1 Year Change	68.89%
3 Year Change	744.44%
5 Year Change	n/a
Change since IPO	33.33%

Recent updates

Shareholder Returns

	FRS	AU Metals and Mining	AU Market
7D	-1.3%	-6.5%	-2.9%
1Y	68.9%	30.0%	-3.7%

Return vs Industry: FRS exceeded the Australian Metals and Mining industry which returned 30% over the past year.

Return vs Market: FRS exceeded the Australian Market which returned -3.7% over the past year.

Price Volatility

Is FRS's price volatile compared to industry and market?
FRS volatility
FRS Average Weekly Movement	11.0%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	9.5%
10% most volatile stocks in AU Market	16.5%
10% least volatile stocks in AU Market	3.8%

Stable Share Price: FRS has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: FRS's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2021	n/a	n/a	forrestaniaresources.com.au

Forrestania Resources Limited operates as a gold exploration and development company in Western Australia. It also explores for copper and lithium. The company is expanding across the Southern Cross, Eastern Goldfields, and Forrestania regions.

Forrestania Resources Limited Fundamentals Summary

How do Forrestania Resources's earnings and revenue compare to its market cap?
FRS fundamental statistics
Market cap	AU$879.26m
Earnings (TTM)	-AU$31.28m
Revenue (TTM)	AU$4.46m

205.4x

P/S Ratio

-29.3x

P/E Ratio

Is FRS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRS income statement (TTM)
Revenue	AU$4.46m
Cost of Revenue	AU$701.04k
Gross Profit	AU$3.75m
Other Expenses	AU$35.03m
Earnings	-AU$31.28m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.013
Gross Margin	84.27%
Net Profit Margin	-701.95%
Debt/Equity Ratio	0%

How did FRS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/16 16:19
End of Day Share Price	2026/09/16 00:00
Earnings	2026/06/30
Annual Earnings	2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Forrestania Resources Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Todd Lewis	Bell Potter

Forrestania Resources (FRS) Stock Overview

Rewards

Risk Analysis

Join community and earn perks

Forrestania Resources Limited Competitors

Brazilian Rare Earths

Midas Minerals

Centaurus Metals

ioneer

Price History & Performance

Recent News & Updates

Forrestania Resources Limited Auditor Raises 'Going Concern' Doubt

Forrestania Resources Limited (ASX:FRS) completed the acquisition of Edna May Operations Pty Limited from Ramelius Operations Pty Ltd.

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 310 million.

Executive Chairman recently bought AU$297k worth of stock

Forrestania Resources Limited Announces Appointment of Karen Wellman as Independent Non-Executive Director

Forrestania Resources Limited (ASX:FRS) completed the acquisition of Newington Project in WA from Midas Minerals Limited (ASX:MM1).

Recent updates

Forrestania Resources Limited Auditor Raises 'Going Concern' Doubt

Forrestania Resources Limited (ASX:FRS) completed the acquisition of Edna May Operations Pty Limited from Ramelius Operations Pty Ltd.

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 310 million.

Executive Chairman recently bought AU$297k worth of stock

Forrestania Resources Limited Announces Appointment of Karen Wellman as Independent Non-Executive Director

Forrestania Resources Limited (ASX:FRS) completed the acquisition of Newington Project in WA from Midas Minerals Limited (ASX:MM1).

Forrestania Resources Limited (ASX:FRS) completed the acquisition of Newington Project in WA from Midas Minerals Limited (ASX:MM1).

Forrestania Resources Acquires Edna May Gold Mine Plans Recommissioning for Quicker Output

Executive Chairman recently bought AU$3.3m worth of stock

Price target increased by 8.7% to AU$1.25

Forrestania Resources Limited has filed a Follow-on Equity Offering.

Forrestania Resources Limited (ASX:FRS) agreed to acquire Edna May Operations Pty Limited from Ramelius Operations Pty Ltd for AUD 300 million.

Forecast breakeven date pushed back to 2027

Forrestania Resources Limited (ASX:FRS) entered into a binding Takeover Implementation Deed to acquire Zenith Minerals Limited (ASX:ZNC) for AUD 71.9 million.

Forrestania Resources Limited (ASX:FRS) acquired Karonie and Lake Rebecca Projects of Goldtribe Corporation Pty Ltd.

Executive Chairman exercised options to buy AU$316k worth of stock.

Forrestania Resources Limited (ASX:FRS) completed the acquisition of Mt Dimer tenement package from Beacon Mining Pty Ltd.

Forrestania Resources Limited (ASX:FRS) acquired Mantis Resources Pty Ltd.

New minor risk - Share price stability

Forrestania Resources Limited (ASX:FRS) completed the acquisition of Diggers & Dealers Mining Pty Ltd.

Forrestania Resources Limited (ASX:FRS) completed the acquisition of remaining 87.44% stake in Kula Gold Limited (ASX:KGD).

Executive Chairman exercised options to buy AU$7.2m worth of stock.

Forrestania Resources Limited (ASX:FRS) entered into a Binding Heads of Agreement to acquire Lake Johnston Projects in Australia from Flynn Gold Limited (ASX:FG1) for AUD 0.35 million.

Forrestania Resources Limited (ASX:FRS) entered into a binding Heads of Agreement to acquire MacPhersons Reward Proprietary Limited from Beacon Mining Pty Ltd for AUD 25.5 million.

Forrestania Resources Limited (ASX:FRS) acquired Mt Dimer, Mt Jackson and Johnston Range Tenements from Goldzone Investments Pty Ltd.

Forrestania Resources Limited (ASX:FRS) signed a Binding Heads of Agreement to acquire Aurumin Mt Palmer Pty Ltd from Newcam Minerals Pty Ltd for AUD 18 million.

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 32 million.

Forrestania Resources Limited (ASX:FRS) entered into a binding Heads of Agreement to acquire Mantis Resources Pty Ltd. for AUD 0.23 million.

Executive Chairman exercised options to buy AU$1.9m worth of stock.

Executive Chairman recently bought AU$527k worth of stock

New minor risk - Insider selling

Independent Chairman exercised options to buy AU$7.2m worth of stock.

Forrestania Resources Limited (ASX:FRS) entered into a binding heads of agreement to acquire Diggers & Dealers Mining Pty Ltd for AUD 0.35 million.

Forrestania Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.

Forrestania Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 32 million.

Forrestania Resources Limited (ASX:FRS) entered into a Bid Implementation Deed to acquire remaining 87.44% stake in Kula Gold Limited (ASX:KGD) for AUD 44.1 million.

New minor risk - Financial data availability

Forrestania Resources Limited (ASX:FRS) entered into a sale and purchase agreement to acquire four granted exploration licences adjacent to the Edna May Gold Mine from Kula Gold Limited (ASX:KGD) for AUD 1.5 million.

Non-Executive Director recently bought AU$364k worth of stock

Forrestania Resources Limited (ASX:FRS) signed Binding heads of agreement to acquire First Western Gold Pty. Ltd. from Askari Metals Limited (ASX:AS2) for AUD 0.7 million.

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 8.61 million.

Forrestania Resources Limited (ASX:FRS) signed a binding heads of agreement to acquire North Iron Cap Pty Ltd from its shareholders for AUD 10.6 million.

Forrestania Resources Limited (ASX:FRS) signed a binding agreement to acquire gold rights on prospecting license P15/6113 and mining lease application M15/1934 from Bradley John McGhie for AUD 0.12 million.

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.

Forrestania Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.

Non Executive Director recently bought AU$114k worth of stock

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.50091 million.

Non Executive Director recently bought AU$75k worth of stock

Forrestania Resources Limited Announces Board Changes

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.36 million.

New major risk - Shareholder dilution

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.

Forrestania Resources Limited, Annual General Meeting, Nov 29, 2024

Forrestania Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.606697 million.

New minor risk - Financial data availability

Forrestania Resources Limited Announces Resignation of Scott Patrizi as Non Executive Director

New major risk - Financial position

Forrestania Resources Limited Announces Management Changes

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.

New major risk - Financial position

Forrestania Resources Limited, Annual General Meeting, Nov 29, 2023

New minor risk - Financial data availability