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Exploring for Gold, Copper and Lithium in Western Australia
 
 

Forrestania Lithium, Gold & Nickel Project

Consolidated, dominant asset position across ~100km of prospective Southern Cross Greenstone Belt

 

Forrestania Resources’ (FRS) cornerstone Project is located in the Archaean Forrestania Greenstone Belt of Western Australia, approximately 80km east of Hyden.

JORC compliant gold resource at Lady Lila

  • 541Kt @ 1.4g/t Au for 24,000 oz

Our neighbours are major miners and developers:

  • Covalent Lithium (Wesfarmers-SQM JV) – 189Mt @ 1.5% Li2O at the Mt Holland Mine (Earl Grey pegmatite).

  • IGO acquired WSA’s high grade nickel mines at Flying Fox & Spotted Quoll, and are exploring for lithium

  • Historic Bounty gold mine that produced ~1Moz Au

Recent announcement from Medallion Metals Ltd (ASX:MM8) suggests future gold processing facilities at the heart of the Forrestania tenements.

Lady Lila
Gold Prospect

Inferred resource
541Kt @ 1.4g/t Au for 24k ounces

Lady Lila has significant strike length of mineralisation ~2km, with ~700m ineffectively tested. Potentially 2km of Au mineralisation with Forrestania tenement to the south. Significant geological analogies with nearby, historic Bounty Gold Mine which produced ~1Moz Au.

The prospect is open at depth and along strike.

Open mineralisation at depth, to the north and to the south.

Forrestania’s maiden drilling program returned:

  • 13m @ 2.0g/t Au (from 91m)

  • 4m @ 5.0g/t Au (from 110m)

Significant, supergene Au mineralisation close to surface:

  • 9m @ 1.5g/t Au (from 11m)

  • 6m @ 9.5g/t Au (from 21m)

Historic drilling programs returned mineralisation at depth, including:

  • 14m @ 3.6g/t Au (from 71m)

  • 15m @ 2.1g/t Au (from 74m)

Gold
Prospects

Multiple, advanced gold targets:

  • Prince – significant Au rock chips including: 28.2g/t Au, 6.1g/t Au, 5.6g/t Au. In close proximity to multiple high-grade historic workings, with historic production up to 19.8g/t Au (see image below).

  • Great Southern – historic production at up to 23.1g/t Au, within a high-grade, historic mining centre (see image below). Never effectively drill tested with multiple targets.

  • Rabbit Hole – historic Au drilling of 5m @ 4.4g/t Au from surface, never followed up. With strong Au pathfinder geochemistry along a BIF contact.

  • Crossroads – DGPR confirmed faulted structures coincident with Au mineralisation, historic results include: 3m @ 5g/t Au.

  • Gemcutter North-East – strong, walk up regional Au target with anomalous Au (and Li) within 8km of the historic Bounty gold mine and the Mount Holland lithium mine.

Lithium
Prospects

The Forrestania Project has multiple, advanced lithium targets:

  • Tenure adjacent to IGO’s South Ironcap Prospect (recent IGO drilling intersect ~35m @ 1.38% Li2O).

  • Forrestania’s South Iron Cap East:

    • Shallow spodumene intersected

    • Results included 2m @ 0.95% Li2O

  • Forrestania’s Gemcutter and Giant:

    • 10m @ 1.5% Li2O from 74m

  • Gemcutter North-East – strongly anomalous lithium geochemistry ~5km from Covalent Lithium (Wesfarmers-SQM JV) Mt Holland lithium mine.

A recent, potentially significant lithium “discovery” has been made by IGO ~700m west of our ‘South Iron Cap East’ Prospect.

Up to 31 May 2024, IGO had completed 78 holes - ~10,700m of RC and ~8,800m of DD at its South Iron Cap prospect.

Exploration by IGO has extended the mineralised footprint approximately 2km along strike and up to 800m wide. IGO believes there are opportunities to extend the mineralised footprint with additional drilling.