Forrestania Resources Limited · ASX:FRS
Forrestania Resources — Investor Presentation (October 2024)
29 slides from Forrestania Resources's investor presentation, Oct 24, 2024
Slide 1: Fields of Gold, Copper and Lithium
FIELDS OF GOLD, COPPER AND LITHIUM For personal use only Investor Presentation John Hannaford October 2024 Executive Chairman Eastern Goldfields, Western Australia
Slide 2: Disclaimer
DISCLAIMER Important Information Forward-looking statements are based upon estimates and opinions at the date the statements are made. Forrestania Resources undertakes no obligation to update these forward-looking statements for events or circumstances that occur This document has been prepared by F
Slide 3: Four Project Areas Close to Major Mines
FOUR PROJECT AREAS CLOSE TO MAJOR MINES For personal use only 1,800km2 within Western Australia’s most prolific mineral belts, offering exposure to gold, copper and lithium. Recent high-grade gold results returned at Ada Ann prospect within the Bonnie Vale Project, near Kalgoorlie, to be drill teste
Slide 4: Raising $950,000 in Placement and Share Purchase Plan to Fund Drilling
RAISING $950,000 IN PLACEMENT AND SHARE PURCHASE PLAN TO FUND DRILLING PROGRAMMES. For personal use only New drilling sets the company up for several potential re-rate opportunities in a very bullish gold market. Placement: 27.5 million shares to raise $0.344 million (before costs). Share Purchase P
Slide 5: Historic Gold Price Highs Ahead of New Drilling
HISTORIC GOLD PRICE HIGHS High price spurs gold exploration interest AHEAD OF NEW DRILLING Demand Drivers Supply pressures Gold price AUD/oz For personal use only as at 16 October 2024 Source: kitco.com Asset Falling discovery diversification rates A$4,000/0z Historic safe have Decreasing exploratio
Slide 6: Recent WA Gold Discoveries Well Rewarded
RECENT WA GOLD DISCOVERIES Market sentiment very favourable towards recent WA gold discoveries WELL REWARDED BPM Minerals (ASX:BPM) Astral Resources (ASX:AAR) For personal use only 0.14 0.12 0.11 0.12 0.10 0.10 0.09 0.08 0.08 0.06 0.07 0.04 | 15 July | 12 Aug |18 Sep | 15 July | 2 Aug | 2 Sep | 7 Oc
Slide 7: Bonnie Vale Gold Project
BONNIE VALE Lies within the Kunanalling Shear Zone GOLD PROJECT (KSZ), a significant, geological structure hosting several gold discoveries. Located within the WA For personal use only Eastern Goldfields, 5km from the operating +5 Moz Mungari Gold Project (ASX:EVN). Large Project area ~75km2 is host
Slide 8: Ada Ann Gold Prospect
ADA ANN GOLD PROSPECT RC Drilling starting in October Ada Ann prospect is our highest priority For personal use only target due to its historic drilling results, recent high grade surface samples. Significant, shallow, historic drilling intersections including1: • 7m @ 5g/t Au (from 4m) • 6m @ 6.5g/
Slide 9: Ada Ann Gold Prospect
ADA ANN GOLD PROSPECT Ada Ann prospect is untested For personal use only at depth; along strike and in new zone to the east. Significant intersections1: • 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). Two shallow historic pits reportedl
Slide 10: Bonnie Vale North Gold Prospect
BONNIE VALE NORTH GOLD PROSPECT For personal use only Highly anomalous zones of strong Au geochem. Kunanalling Shear Zone (KSZ) 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 confirme
Slide 11: Bonnie Vale Regional Gold Prospects
BONNIE VALE REGIONAL GOLD Anomalous zones of Au geochem PROSPECTS are coincident with the magnetic lows which also host ASX:EVN’s Rayjax open pit. Historic mining results of For personal use only up to 40.5g/t Au at the Christmas Gift mining centre (not part of the FRS tenement)1. Significantly anom
Slide 12: Breakaway Dam Project Copper & Lithium
BREAKAWAY DAM PROJECT COPPER & LITHIUM Copper and lithium targets within under-explored For personal use only Alexandra Bore Greenstone Belt. Over 20km of monzogranite/greenstone contact. Multiple, large magnetic anomalies Multiple outcropping pegmatites; pegmatite intercepted in drilling, not assay
Slide 13: Breakaway Dam Project Copper
BREAKAWAY DAM PROJECT COPPER Potential large scale VMS Cu province with For personal use only approximately 22km of strike along Cu bearing greenstone. Multiple Cu and ex-sulphide bearing gossanous outcrops & highly anomalous rock chips. Previous Cu drilling has intersected Cu close to surface and a
Slide 14: Breakaway Dam Project Copper
BREAKAWAY DAM PROJECT COPPER Potential VMS exploration target – with Cu rich ex-sulphide gossans at surface. For personal use only Cu rock chips include: • FR000766 – 26.7% Cu, 15.4ppm Ag & 0.5ppm Au • K229729 – 23.0% Cu, 0.7ppm Au Historic drill results include several high-grade Cu intercepts: • B
Slide 15: Breakaway Dam Project Lithium
BREAKAWAY DAM PROJECT LITHIUM Potential large scale lithium province with For personal use only approximately 22km of strike along previously untested greenstone. Multiple, significantly anomalous lithium rock chips with strong K/Rb ratios. Previous Cu drilling intersected pegmatites but were never
Slide 16: Breakaway Dam Project Lithium
BREAKAWAY DAM PROJECT LITHIUM Potential large scale LCT pegmatite province with For personal use only approximately 22km of strike along previously untested granite / greenstone Multiple pegmatite outcrops & highly anomalous rock chips Pegmatites intercepted in copper drilling (best 18m to EOH), nev
Slide 17: Forrestania Project Gold & Lithium
FORRESTANIA PROJECT GOLD & LITHIUM Multiple gold and lithium targets with 100km of strike For personal use only along highly mineralised belt. 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-SQ
Slide 18: Forrestania Project Lady Lila Gold Prospect
FORRESTANIA PROJECT LADY LILA GOLD PROSPECT Significant strike length of mineralisation ~2km, with ~700m ineffectively For personal use only tested. Potentially 2km of Au mineralisation with FRS tenement to the south. Significant geological analogies with nearby, historic Bounty Gold Mine which prod
Slide 19: Forrestania Project Lady Lila Gold Prospect
FORRESTANIA PROJECT LADY LILA GOLD PROSPECT Open mineralisation at depth, to the north For personal use only and to the south1. FRS’ maiden drilling programme 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
Slide 20: Forrestania Project Gold Prospects
FORRESTANIA PROJECT GOLD PROSPECTS Prince / Great Southern gold trend Multiple, advanced gold targets: For personal use only 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.
Slide 21: Forrestania Project Lithium
South Iron FORRESTANIA PROJECT Cap East LITHIUM Multiple, advanced lithium targets: For personal use only Tenure adjacent to IGO’s South Ironcap Prospect (recent IGO drilling intersect ~35m @ 1.38% Li2O). FRS’s South Iron Cap East (see image): • Shallow spodumene intersected • Results included 2m @
Slide 22: Forrestania Project Lithium Potential Growing
FORRESTANIA PROJECT Recent, potentially significant lithium “discovery” made by IGO ~700m west of our ‘South Iron Cap East’ LITHIUM POTENTIAL GROWING Prospect. Up to 31 May 2024, IGO had completed 78 holes - ~10,700m of RC and Exploration by IGO has extended the mineralised footprint approximately F
Slide 23: Near-Term Catalysts
NEAR – TERM CATALYSTS Several high impact Au & Cu drill programmes planned For personal use only Q4 2024 Q1 2025 Q2 2025 Drilling Ada Ann Gold Assays; further drilling Assay results Bonnie Vale Project Prospect Drill Bonnie Vale North, Follow up drill programmes Gold regional targets Breakaway Dam P
Slide 24: Board & Management
BOARD & MANAGEMENT We’ve For personal use only delivered successful outcomes in mining for decades. John Hannaford David Izzard William Higgins Cecilia Tyndall Ashley Bennett Executive Chairman Non Executive Director Non Executive Director CFO & Company Secretary Exploration Manager An experienced c
Slide 25: Corporate Snapshot
CORPORATE SNAPSHOT Share price Market capitalisation ASX Share price performance ($A) A$0.015 A$2.42m Financial year to 11 October 2024 For personal use only As at 11 October 2024 As at 11 October 2024 52 week high $0.074, low $0.011 0.05 Shares on issue Cash 0.04 161.7m A$459k As at 30 June 2024 0.
Slide 26: Investment Proposition
INVESTMENT PROPOSITION 01 02 03 04 For personal use only Location, location, location. High-grade gold discovery New drilling at Bonnie Gold fundamentals very potential. Vale Project. strong Exploration acreage covers 1,800km2 in Proven high-grade results at Bonnie Ongoing drilling programmes Signif
Slide 27: Get in Touch
GET IN TOUCH For personal use only Forrestania Resources Limited John Hannaford Suite 2, 38 Colin Street Executive Chairman West Perth, Western Australia 6005 john@forrestaniaresources.com.au forrestaniaresources.com.au
Slide 28: Appendices
For personal use only APPENDICES
Slide 29: Appendix: Lady Lila Resource
APPENDIX 1 LADY LILA RESOURCE For personal use only Lady Lila Resource Classification Tonnes Grade Au g/t Ounces Inferred 541,000 1.38 24,000 ASX FRS FORRESTANIARESOURCES.COM.AU 29
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