Why Forrestania Could Be WA’s Next Gold Powerhouse – And Why Millenium Minerals Is Watching Closely

The recent Stockhead feature, “Riding the Wave: Why Forrestania is shaping up as WA’s next multi-million ounce gold belt”, lays out a compelling case for this often-overlooked region in Western Australia.

That article highlights that Forrestania, long known for its battery-metals and nickel presence, is now being reappraised as a gold hotspot. As gold prices soar, tenure previously locked for nickel or lithium is being re-evaluated by explorers and investors seeking the next major discovery.

Key Takeaways from the Stockhead Article

• Untapped potential: While Forrestania has historically been overshadowed by WA’s more famous gold belts, there are many granted mining leases and prospects that have received only sparse or legacy-level exploration.
• Recent structural shifts: The closure of some nickel operations and strategic acquisitions (ie by Medallion Metals) is opening up access and driving renewed interest across ground that was previously constrained by competing commodity interests.
• Discovery targets in plain sight: The article points to “walk-up targets” and poorly tested anomalies (ie Lounge Lizard, North Ironcap) as opportunities that just need resources and technical capability to unlock.

In short, Forrestania is no longer a backwater — it’s now on the radar of major explorers and miners looking for the next multi-million ounce gold opportunity.

What This Means for Millenium Minerals

As Millenium Minerals broadens its footprint, we view Forrestania (and specifically the Mount Gibbs & Jupiter Metals JV tenements) as a strategic entry point into a belt with explosive upside potential.

Here’s how we see ourselves leveraging this window:

• Strategic alignment: The timing is right, as the region is being re-rated, we are poised to step in with a disciplined exploration strategy.
• Synergies with alluvial mining strengths: While many of the Forrestania gold targets are hard rock, our experience and infrastructure from alluvial operations offer valuable know-how in surface and shallow mining.
• Diversification & optionality: Our portfolio already spans Sierra Leone (Zimmi yellow diamonds, gold) and Colombia (emeralds). The addition of WA gold and lithium work gives us optionality in commodity cycles and geographies.
• Attractive risk-reward: Entry into relatively underexplored ground often yields higher returns per dollar invested compared to saturated regions.

We encourage all stakeholders (both current and prospective) to read the full Stockhead article and see why Forrestania is turning heads.

At Millenium, we remain committed to building a portfolio of high-quality assets, underpinned by ethical practice, community impact, and technical rigor. Forrestania may be one of our next major chapters.