Forrestania Resources will acquire MacPhersons Reward from Beacon Mining for A$5m, including a deposit of A$500,000 and 36 million fully paid ordinary shares. The acquisition expands Forrestania’s mining leases in WA’s Coolgardie gold district, aligning with its regional expansion strategy.

MacPhersons Reward holds multiple mining leases and licences near Forrestania’s Coolgardie Hub, enhancing the company’s consolidation efforts in the region. Beacon Mining plans to conclude operations at MacPhersons by mid-February 2026 before focusing on Lady Ida – Iguana deposit, located within the Coolgardie Hub.

Forrestania Resources executive chairman David Geraghty stated that the acquisition of MacPhersons continues the company’s strategy of consolidating tenure around the Coolgardie Hub. This move allows Forrestania to smoothly transition from explorer to producer, utilizing nearby processing options and advancing production ambitions across its West Australian gold assets.

Read more at Yahoo Finance: Forrestania to acquire MacPhersons from Beacon Mining