No ASX ETF holds Forrestania (FRS) as of 15 Oct 2026. Over the last 3 months it fell 20.3%: on $10,000, −$2025. We explain 3 big moves in that time.
About FRS
- SectorMaterials
- IndustryMaterials
- Size$802.9m
- Held by0 ETFs
- Big moves3 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- +18.3%peak +19.7%4 Sep 2026· Operational
FRS shares surged after the company announced the completion of its acquisition of the Edna May Gold Project, a major milestone that had already been endorsed by shareholders at a general meeting.
- +6.3%peak +8.8%24 Aug 2026· Takeover / M&A
Zenith Minerals extended its takeover offer for FRS for a fifth time, signalling continued pursuit and lifting buyer confidence in the deal completing.
- +6.9%peak +9.7%6 Aug 2026· Operational
Forrestania Resources shares rose after the company released an upgraded mineral resource estimate of 126,290 ounces of gold at its British Hill project, boosting investor confidence in the asset's scale.
Held by 0 ETFs
No ETF we track holds FRS directly.
Other Materials companies
- PRUPerseus Mining79 ETFs
- EUREuropean72 ETFs
- RIORio Tinto62 ETFs
- ELVElevra Lithium60 ETFs
- NEMNewmont59 ETFs
- RMSRamelius55 ETFs
- ORAOrora54 ETFs
- RSGResolute Mining49 ETFs
Why did FRS rise 6.9% on 6 Aug 2026?
Forrestania
Forrestania Resources shares rose after the company released an upgraded mineral resource estimate of 126,290 ounces of gold at its British Hill project, boosting investor confidence in the asset's scale.
Multiple news sources from 5 August 2026 — one day before the price move — consistently report a resource upgrade at British Hill, which is a clear positive catalyst for a gold explorer. The 6.94% move at 2.1x normal ATR is consistent with a material exploration result driving buying interest. While no formal ASX announcement was captured in Layer 1, the news coverage and the announcement headline on Market Index strongly indicate the MRE release was the primary driver; the modest sector tailwind (Materials index +1.3%) is a minor contributing factor but insufficient on its own to explain the magnitude of the move.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
News coverage
Sector / macro signals