Australia's Forrestania Resources hits record low after withdrawing from WA project

Forrestania Resources

03/09/2024 05:17

** Shares of Forrestania Resources  FRS.AX  fall as much as
26.7% to hit a record low of A$0.011
    ** The lithium, gold and nickel miner says it has withdrawn
the option to acquire the Koolyanobbing Fe Project in Western
Australia through its holding company, Netley Minerals
    ** Says co will focus on gold and copper projects in Western
Australia 
    ** Shares post their biggest intraday pct loss since June
28, 2023 
    ** About 1.8 mln shares exchange hands vs the 30-day avg of
411,755 
    ** Stock down 46,4% YTD, as of last close 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))