Australia's Forrestania Resources rises to one-week high on option agreement

Forrestania Resources

16/05/2023 03:08

** Shares of Forrestania Resources  FRS.AX  climb as much as
5.1% to A$0.082, set for their best day since May 8, if gains
hold 
    ** The lithium exploration co says it has signed an option
agreement with Outback Minerals Pty Limited to buy a tenement
package in two areas within Eastern Goldfields of Western
Australia  urn:newsml:reuters.com:*:nFWN37C1RL
    ** Co says tenements are highly prospective of lithium, gold
and copper 
    ** Shares hit highest since May 9 
    ** Stock down ~44.3% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))