Core Points - Forrestania Resources has extended its option agreement with Hyden Resources to acquire 100% of Hyden Project Holdings, which includes the Lady Ada and Lady Magdalene gold deposits in Western Australia [1][4] - The revised agreement allows Forrestania to extend the option for additional one-month periods by providing written notice at least five business days before the current expiry date, with an extension fee of $60,000 for each month [2] - Half of any option extension fee paid prior to exercising the option will be deducted from the cash consideration upon completion, and Forrestania will also cover minimum expenditure commitments on the Hyden Project during the option period [3] Company Strategy - Forrestania Resources is focused on building a portfolio of high-quality gold projects across Western Australia's mining districts and is expanding its presence in the Southern Cross, Eastern Goldfields, and Forrestania regions through exploration and selective acquisitions [4] - The company has also announced a conditional scrip takeover bid for Kula Gold, proposing an exchange of one Forrestania share for every 5.6 shares of Kula Gold, valuing Kula at a 41% premium to its ten-day volume-weighted average price as of October 10 [5]