# FRS: British Hill MRE Continues Solid Growth Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/frs-british-hill-mre-continues-solid-growth--c6895438-40f1-49e8-8d0c-4e0db380f6a0 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143020 Publisher: asx Original announcement: 2026-09-23T22:12:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T23:22:45.355Z Atlas analysis updated: 2026-09-23T23:22:45.355Z - Company: Forrestania Resources Limited - Ticker: FRS - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-23 23:22:46 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Forrestania Resources has updated its British Hill Mineral Resource Estimate, reporting a total resource of 4.12Mt at 1.60g/t Au \(212,400oz\). The update represents a 21% increase in total tonnage and a 37% increase in Indicated resources compared to the previous estimate. Reasoning: The update shows strong growth in both total tonnage and higher-confidence Indicated resources, driven by recent drilling. - Positive factor: Tonnage growth of 21% - Positive factor: Significant increase in Indicated resources \(37%\) - Positive factor: High-confidence Indicated category now comprises >50% of gold ounces - Positive factor: JORC compliant with QP sign-off - Negative factor: Includes significant historical data component Facts used in scoring: 6 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Indicated Mineral Resources increased by 37% from the previous estimate. Evidence · text > representing a 37% increase in higher-confidence Indicated Mineral Resources **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Total resource tonnage increased by 21% following the inclusion of 15 additional RC holes. Evidence · text > MRE update represents a 21% increase **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mr Lynn Widenbar, a Fellow of AusIMM, is named as the Competent Person. Evidence · text > based on information compiled by Mr Lynn Widenbar, a Competent Person **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The resource is explicitly stated to be JORC-compliant. Evidence · text > is pleased to announce a JORC-compliant Mineral Resource Estimate ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/frs-british-hill-mre-continues-solid-growth--c6895438-40f1-49e8-8d0c-4e0db380f6a0#fact-resource-facts-0) British Hill · gold #### Identity - Project: British Hill - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: FRS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Lynn Widenbar - Resource group id: resource:183d69283ef0db9e072d - Deposit or zone: British Hill - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2650000 - Grade: 1.62 - Grade Unit: g/t - Contained Metal: 138100 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Strong growth in high-confidence category. - Positive factor: 37% increase in Indicated resources Evidence · table > 1.62 Context: 2,650,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/frs-british-hill-mre-continues-solid-growth--c6895438-40f1-49e8-8d0c-4e0db380f6a0#fact-resource-facts-1) British Hill · gold #### Identity - Project: British Hill - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: FRS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Lynn Widenbar - Resource group id: resource:7f25e0a369a4055ed6e8 - Deposit or zone: British Hill - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1470000 - Grade: 1.57 - Grade Unit: g/t - Contained Metal: 74300 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Standard inferred component of the resource. - Negative factor: Inferred category is lower confidence Evidence · table > 1.57 Context: 1,470,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/frs-british-hill-mre-continues-solid-growth--c6895438-40f1-49e8-8d0c-4e0db380f6a0#fact-resource-facts-2) British Hill · gold #### Identity - Project: British Hill - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: FRS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Lynn Widenbar - Resource group id: resource:9dced938dca51bfda675 - Deposit or zone: British Hill - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 4120000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 212400 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Total resource growth is significant. - Positive factor: 21% increase in total tonnage Evidence · table > 1.60 Context: 4,120,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/frs-british-hill-mre-continues-solid-growth--c6895438-40f1-49e8-8d0c-4e0db380f6a0#fact-resource-facts-3) British Hill · gold #### Identity - Project: British Hill - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: FRS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Lynn Widenbar - Resource group id: resource:2e15c0053b3a7ec9a4e3 - Deposit or zone: British Hill - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1.62 - Grade: 0.5 - Grade Unit: g/t - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Strong growth in high-confidence category. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: 37% increase in Indicated resources Evidence · table > 0.5 Context: 1.62 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/frs-british-hill-mre-continues-solid-growth--c6895438-40f1-49e8-8d0c-4e0db380f6a0#fact-resource-facts-4) British Hill · gold #### Identity - Project: British Hill - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: FRS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Lynn Widenbar - Resource group id: resource:3fe2cf3509d0d70dcca9 - Deposit or zone: British Hill - Mining method: open\_pit - Material type: mixed - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1.57 - Grade: 0.5 - Grade Unit: g/t - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Standard inferred component of the resource. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred category is lower confidence Evidence · table > 0.5 Context: 1.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/frs-british-hill-mre-continues-solid-growth--c6895438-40f1-49e8-8d0c-4e0db380f6a0#fact-resource-facts-5) British Hill · gold #### Identity - Project: British Hill - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: FRS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Lynn Widenbar - Resource group id: resource:925a901484f2f145b99a - Mining method: open\_pit - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1.6 - Grade: 0.5 - Grade Unit: g/t - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-24 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Standard inferred component of the resource. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred category is lower confidence Evidence · table > 0.5 Context: 1.60 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.