Forrestania (ASX:FRS) gets heavy REEs at Melita

Forrestania Resources has confirmed highly anomalous heavy REEs up to 0.47% TREYO at the Melita 02 prospect, a key target of the Company’s Eastern Goldfields Project in Western Australia.

The late stage, igneous intrusive located and sampled at the Melita 02 prospect on the Breakaway Tenement returned 4676.5ppm TREYO.

Excitingly, the find contains a high ratio of in-demand heavy REEs of 12.4%.

It is also a promising sign for future exploration with the fertile rock chips found spaced over 800m.

“We are delighted at the early exploration results from the Breakaway Well project, where heavy REE’s have been discovered, this is in addition to the broad scale gold and base metals prospectivity of the project area,” Forrestania Chairman John Hannaford said.

“This result is a testament to the systematic approach that our exploration team has undertaken, following up geophysical anomalies and historic data.

“Significantly, these exceptional REE bearing rock chips were collected from areas close to the Mt Stirling REE and Au project held by Asra Minerals (ASX:ASR) and the Redlings REE prospect held by Marquee Resources (ASX:MQR).

“We believe the large FRS tenement holdings of the Eastern Goldfields project offer significant potential for a major REE discovery.”

FRS.AX

FORREST FPO [FRS]

ASX

$0.039

$0.002

4.88%

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.