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Bonnie Vale Forrestania Breakaway Dam
Investor Centre Shareholder Communication
Exploring for Gold, Copper and Lithium in Western Australia

BONNIE VALE
Gold ProJect

Exploration Potential

  • Large project area (˜90km²) is host to multiple historic workings & prospects, including Ada Ann and the Christmas Gift mine

  • Additional drilling imminent at Ada Ann prospect, targeting extensions of maiden resource and testing parallel structures to build scale

  • 6 Aug 2025: Expansion of footprint directly south of Ada Ann, within a geologically rich corridor

  • 12 Aug 2025: Additional binding agreement to acquire gold rights on prospecting license and mining lease application. New tenements located directly north of Ada Ann

Strategic Value

  • Close proximity to major operating mines and processing infrastructure, incl EVN Mungari (5km east), EVN Rayjax (4km south) and EVN Cutters Ridge (1km north)

  • Strengthens Forrestania’s growth pipeline and potential for rapid resource expansion

Bonnie Vale North
Gold Prospect

The Bonnie Vale North Prospect has highly anomalous zones of strong Au geochem. The Kunanalling Shear Zone strikes through the entirety of the tenement and is coincident with anomalous geochem.

Historic RAB drilling (11m @ 0.33g/at Au) followed up by RC drilling in 2022 confirmed open mineralisation at depth: 3m @ 2g/t Au (from 77m).

Subtle magnetic structure appears to be a similar structure to what hosts ASX:EVN Cutter’s Ridge (1.2km north).

Bonnie Vale REgional
Gold Prospects

The Bonnie Vale tenement includes a number of prospective workings, previous exploration results and geophysical anomalies that have not been properly explored, and will be the target of ongoing regional fieldwork and drilling programmes.

Historic mining results of up to 40.5g/t Au at the Christmas Gift mining centre (not part of the FRS tenement).

Significantly anomalous Geochem including:

  • Rock chip – 2.7g/t Au

  • Soil sample – 354ppb Au

Significant historic drilling results, including:

  • 4m @ 4g/t Au (including

  • 1m @ 14.3g/t Au)

Ada Ann
Gold ProJect

JORC Resource Base - Maiden MRE
231,600t @ 1.67g/t Au for 12,419 ounces

The Ada Ann prospect is our highest priority target due to its historic drilling results and recent high grade surface samples. The prospect has significant, shallow, historic drilling intersections including:

  • 7m @ 5g/t Au (from 4m)

  • 6m @ 6.5g/t Au (from 16m)

  • 16m @ 2.6g/t Au (from 24m)

Forrestania is testing extensions to known mineralisation and an area around historic drill spoils that returned strong results, including 49g/t Au.

The Ada Ann prospect forms the cornerstone of the Bonnie Vale project, with a maiden JORC-compliant resource of 12,419oz Au, reported on 18 August 2025.

Mineralisation remains open along strike and at depth, highlighting strong potential for resource growth through targeted drilling.

The Ada Ann prospect is untested at depth; along strike and a new zone to the east.

Significant intersections include:

  • 4m @ 12.8g/t Au (from 25m)

  • 5m @ 4.2g/t Au (from 27m)

  • 5m @ 2.3g/t Au (from 31m)

  • 3m @ 4g/t Au (from 66m)

Lies within the Kunanalling Shear Zone, a significant, geological structure hosting several gold discoveries.

Two shallow historic pits at the prospect reportedly produced 150t @ 7g/t Au. The deepest historic hole is at 86m with mineralisation untested at depth.

The Company completed its maiden drilling programme (21 RC holes for 1488m) at the Ada Ann prospect. The drilling has successfully given the Company a stronger understanding of the geology of the Ada Ann deposit, as well as successfully testing the historic Au results and confirming open mineralisation at depth and along strike, with composite results including:

  • AARC0006 – 8m @ 1.5g/t Au (from 36m) and 4m @ 0.3g/t Au (from 32m)

  • AARC0004 – 4m @ 3.4g/t Au (from 44m) and 4m @ 0.4g/t Au (from 36m)

  • AARC0010 – 4m @ 2.2g/t Au (from 44m) and 4m @ 1.1g/t Au (from 52m)

  • AARC0014 – 4m @ 2.0g/t Au (from 60m) and 4m @ 0.4g/t Au (from 52m)

  • AARC0020 – 4m @ 1.6g/t Au (from 60m) and 4m @ 0.2g/t Au (from 64m)

  • AARC0002 – 4m @ 1.5g/t Au (from 60m)

  • AARC0018 – 4m @ 1.0g/t Au (from 28m)

Encouragingly, the Company’s maiden drilling programme intersected Au mineralised structures (composite values of ≥0.1g/t Au, from aqua regia + Au sampling) in all but one of the drill holes, with the results confirming open mineralisation at depth and along strike for approximately 225m, in both directions. The 1m fire assay samples (recently submitted to ALS) will confirm the Au mineralisation more accurately.