Aug 31, 2026 – 12.00pmForrestania Resources’ bid to acquire Zenith Minerals has suffered a major setback after the Takeovers Panel returned a finding of unacceptable circumstances in its pursuit of the gold and lithium group.The panel responded to two applications, one from fund manager Harvest Lane Asset Management and another from Perth-based gold investor, Ida Metal, which holds 11.1 per cent of Zenith. The joint finding was that the Stokes’ family backed Forrestania had erred in its duty to update shareholders of its significant interest in Zenith.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Takeovers Panel rebukes Forrestania over disclosures in Zenith pursuit
The panel found that Stokes family-backed Forrestania Resources had erred in its duty to update shareholders of its significant interest in Zenith Minerals.
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