Forrestania Resources is an ASX-listed mineral explorer and developer (ASX:FRS)
The company has three project areas close to major mines. Covering 1,800km² within Western Australia’s most prolific mineral belts, offering exposure to gold, copper and lithium.
VISION
Forrestania a clear vison to build a portfolio of mineral projects through exploration and/or acquisition, which can be monetised through sale or development to maximise value for our shareholders and stakeholders in the Company.
MULTI COMMODITY PROSEPCTIVITY
Forrestania Resources Limited is an Australian resources company exploring for gold, copper and lithium in the Eastern Goldfields, Forrestania and Southern Cross regions of Western Australia.
The Bonnie Vale project consists of a 75km2 package consisting of two tenements covering predominantly greenstone terrane located just north of Coolgardie, adjacent to Evolution Mining (ASX:EVN)’s 5Moz Mungari gold project. The Bonnie Vale project has several gold occurrences the most advanced of which is Ada Ann, where previous explorers have discovered shallow high grade gold. In addition there are several highly prospective project areas including Bonnie Vale North and Bonnie Vale Regional which surrounds the Christmas Gift mine.
The Breakaway Dam project consists of several tenements totalling over 900km2 within the NorsemanWiluna Greenstone Belt of the Yilgarn Craton. The tenements are predominately non-contiguous overlying or on the margins of greenstone belts. The tenements are prospective for gold, copper & lithium, and have been variably subjected to soil sampling, stream sampling, drilling, mapping, rock chip sampling and geophysical surveys.
The company’s Forrestania Project hosts lithium, gold and nickel prospects in close proximity to the Mt Holland Lithium Mine (189Mt @ 1.5% Li2O), the historic 1Moz Bounty gold deposit and the operating Flying Fox, and Spotted Quoll nickel mines in the well-endowed southern Forrestania Greenstone Belt.
Exploration commenced during September 2021, with an initial focus on lithium exploration on Mining Lease 77/549, with known specialised lithium-caesium-tantalum pegmatites. The overall program in the coming months will test lithium bearing pegmatite targets where historical drilling results included 33 metres @ 3.2% Li2O from 69m, including 13m @ 4% Li2O from 81m.
Results focused, transdisciplinary team
Unique IP, applied exploration and resource development experience
Discovery success in previously un- and under-explored terranes in WA
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