Forrestania (ASX:FRS) smell huge potential at South Iron Cap East

Forrestania Resources has got a strong whiff of a potentially extensive lithium-bearing pegmatite system at its namesake project in Western Australia’s southern Yilgarn region.

RC-drilling at South Iron Cap East and Giant, with 624m and 670m drilled, has revealed 6 metres of mineralisation at 40m depth.

Plan view of South Iron Cap East drilling area showing drilled holes and follow-up target zone. 

Forrestania Managing Director Michael Anderson is excited about the potential for a more extensive system and has interpreted this finding as a small part of a vast lithium-targeted reserve.

“We are extremely encouraged by the outcome of this drilling programme. In addition to the recently announced thick pegmatites at Calypso, we have now discovered visible spodumene in pegmatite at South Iron Cap East,” Mr Anderson said.

“We have discovered visible spodumene in pegmatite at South Iron Cap East. This confirms that our systematic exploration strategy at Forrestania is effective and that we are focused on highly prospective areas for lithium-bearing pegmatites.

According to Mr Anderson, the lithium-focused efforts are progressing at both the Eastern Goldfields in Australia and the Hydra Lithium Project in James Bay, Canada, where the company has recently formed a joint venture.

“Comprehensive field work programmes are planned and in progress, and we remain confident in the discovery potential at all three project areas,” he said.

Forrestania is planning the follow-up drill at South Iron Cap East while anticipating the full suite of assays in approximately six weeks.

FORREST FPO [FRS]

Sector: Basic Materials

Industry: Other Precious Metals & Mining

Employees:

Forrestania Resources Limited engages in the exploration and development of mineral projects in Western Australia and Canada. The company primarily explores for copper, gold, lithium, and nickel deposits. Its flagship property is Lady Lila project situated in Australia. Forrestania Resources Limited was incorporated in 2021 and is based in West Perth, Australia.

FRS.AX

FORREST FPO [FRS]

ASX

$0.093

$0.002

2.20%

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.