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 18.3% on 4 Sep 2026?
Forrestania
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.
The market-sensitive ASX announcement confirming completion of the Edna May Gold Project acquisition was released at 04:52 UTC, approximately one hour before the price move was detected at 06:00 UTC — a tight and logical causal sequence. Supporting this, shareholders had already approved the acquisition at a general meeting on 28 August, and the same-day filings of an Appendix 2A (new securities quotation), a Cleansing Notice, and a Director's Interest Notice are all consistent with settlement of a placement used to fund the deal. The Materials sector index was down on the day, ruling out sector tailwinds and further isolating the move to this company-specific catalyst.
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
Company announcements
News coverage
Sector / macro signals