Forrestania (ASX:FRS) strike thick Calypso pegmatite

At Forrestania Resources’ project in southern Yilgarn, drilling on a Calypso prospect with promising markers for Lithium-Caesium-Tantalum prospectivity has successfully uncovered multiple stacked pegmatites up to 63 meters thick from the surface.

Anomalous soil geochemistry, outcropping pegmatites and historic intercepts all pointed towards the likelihood of LCT, and Forrestania now has a full deck of assays coming in from a 14-hole, 1968m campaign aimed at defining the extent of pegmatites and their endowment of prized mineralisation.

The Forrestania region is well known for its lithium prospectivity, exemplified by the world-class Earl Grey Deposit, and logging 65 pegmatite intervals for a cumulative 456 metres claims an early success even before the assay’s arrival in six weeks.

Forrestania Managing Director Michael Anderson said confirming more thick pegmatites within his company’s tenure was a fantastic result.

“Calypso is only ~4.5km from a known mineralised pegmatite, so any occurrence of pegmatite within this area is significant to Forrestania. Geological and geochemical information gathered from this drilling programme will assist with vectoring towards further prospective zones within and surrounding the extensive Calypso pegmatite bodies,” Mr Anderson said.

The Perth-based company is not staying seven years with Calypso on its lithium Odyssey and has drilling underway on both its South Iron Cap East and Giant Pegmatite prospects, with the belief firm its flagship asset holds all the suitable markers for a significant West Australian discovery.

Chip trays with 63m of pegmatite from surface

FRS.AX

FORREST FPO [FRS]

ASX

$0.046

$0.005

12.20%

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.

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.