Forrestania Resources Limited · ASX:FRS
Forrestania Resources — Investor Presentation (September 2022)
29 slides from Forrestania Resources's investor presentation, Sep 9, 2022
Slide 1: Corporate Presentation: Exploring for Lithium, Gold and Nickel in Western Australia
For personal use only ASX: FRS Corporate Presentation Exploring for Lithium, Gold and Nickel in Western Australia September 2022
Slide 2: Disclaimer
Disclaimer This document has been prepared by Forrestania Resources Limited ACN 647 899 698 and/or its affiliates (together, “Forrestania Resources”) for the exclusive use of the party to whom Forrestania Resources delivers this document (the “Recipient”). The information contained in this document
Slide 3: Forrestania Resources - Investment highlights
Forrestania Resources - Investment highlights For personal use only • Exploring for lithium, gold & nickel in the goldfields region of WA • Drilling of high priority lithium targets planned to commence in early Q4 2022 • Strong pipeline of lithium and gold prospects • Unlocking an emerging lithium b
Slide 4: Corporate overview
Corporate overview Capital structure For personal use only A$0.19/share ~A$10m Share price at 7/9/2022 Market capitalisation 51m 21.2m Shares on issue Unlisted options Cash A$1.6m Nil debt at 30 June 2022 As at 30 June 2022 Major shareholders Share price & Volume 0.60 20.0 18.0 0.50 36% 16.0 32% 14.
Slide 5: Highly experienced board and management team
Highly experienced board and management team Aligned, motivated and focused on shareholder value For personal use only BOARD OF DIRECTORS John Hannaford David Izzard William Higgins Chairman Director Director AIG, B.Sc (Geology) CA, B.Com, F.Fin CPA, MBA, GAICD, B.Bus, M.Sc • 25 years experience in
Slide 6: Opportunity for significant lithium and gold discoveries
Opportunity for significant lithium and gold discoveries Projects located in the highly prospective Goldfields region of Western Australia Forrestania Project For personal use only • Flagship project prospective for significant lithium and gold discoveries • High priority lithium and gold targets id
Slide 7: Forrestania Project
For personal use only Forrestania Project Prospective for lithium, gold and nickel discoveries
Slide 8: Forrestania Project
Forrestania Project Flagship project, strategic tenement package, highly prospective for lithium and gold Prospective for significant lithium and gold For personal use only • discoveries • Strategic tenement package running north south for ~100km • Drilling of high priority lithium targets planned f
Slide 9: Forrestania Project - pipeline of lithium and gold targets
Forrestania Project - pipeline of lithium and gold targets For personal use only Regional review Target definition Drill testing Follow-up testing Scaramucci Comey E77/2364 SW Bounty East Bannon Lithium Lake Cohn South West Gemcutter Bannon South South Iron Kit Kat Cap East Mousetraps Great Southern
Slide 10: Unlocking the potential of an emerging lithium belt
Forrestania Project Unlocking the potential of an emerging lithium belt • Lithium exploration model based on use of pathfinder elements For personal use only to identify prospective areas for exploration • High grade historical lithium intercepts • Gemcutter (GPRC06 34m @ 3.1% Li2O) • Drilling plann
Slide 11: Bounty East – lithium
Bounty East – lithium Exploring in the shadow of a lithium giant For personal use only • ~6km from the Earl Grey deposit (189Mt @ 1.5% Li2O) Bounty East • Historical drilling has largely tested the prospect weathered profile to ~50m depth • Limited drilling greater than ~150m Cross section • Pathfin
Slide 12: Gemcutter – lithium
Gemcutter – lithium Conceptual model indicates mineralisation possibly not closed off Gem Pegmatite: For personal use only • mined for tantalum, tin and gem quality rubellite in the 1980’s • New target area identified at the Gem Mine and drilling planned for early Q4 2022 Giant Pegmatite: • Signific
Slide 13: Gem Pegmatite Mine - lithium
Gem Pegmatite Mine - lithium New target identified for drilling • New target area extending ~150m to the east from the historic Gem Pegmatite mine For personal use only • RAB drilling at the Gem Mine in the 1980’s identified a number of pegmatites with anomalous lithium • Results from diamond hole G
Slide 14: Bannon - lithium
Bannon - lithium Targeting down dip and along strike • Drilling in 2018 by previous explorers intersected significant pegmatites (up to 64m thick) For personal use only • Assay results showed low level anomalous lithium & indications of favourable geochemistry • POW approved and drilling planned for
Slide 15: South Iron Cap East – lithium
South Iron Cap East – lithium Strong pathfinder anomaly, outcropping pegmatite and no effective drilling For personal use only • Historical pathfinder anomaly defined by broad ~800m spaced soil sample lines • Infill soil sampling to ~200m spaced lines has refined the anomaly and identified additiona
Slide 16: Lithium focused regional soil sampling program
Lithium focused regional soil sampling program Define new targets and refine existing anomalies For personal use only • Planning is underway for a regional soil sampling program at the Forrestania Project • Broad areas of the Forrestania Project are either unsampled or sampled at a broad line spacin
Slide 17: Forrestania Project - gold exploration
Forrestania Project - gold exploration Advanced targets located along major greenstone contacts • High priority advanced gold targets at: For personal use only • Lady Lila • Prince • Great Southern UFF • Crossroads • At Lady Lila exploration is focused on extending mineralisation along strike and do
Slide 18: Geophysical survey identifies high priority gold targets
Geophysical survey identifies high priority gold targets For personal use only • High quality aeromagnetic survey flown over the southern portion of the Forrestania Project • Structures and geological contacts that may New high priority control the location of gold mineralisation have target areas b
Slide 19: Lady Lila - gold
Lady Lila - gold Exploring for gold along strike and down dip • Forrestania drilling has: For personal use only • Extended the strike of mineralisation by ~50m • Confirmed down dip depth extensions • Confirmed mineralisation over ~300m • Existing Inferred Resource of 541,000t @ 1.38g/t for 24,000 Oz
Slide 20: Prince and Great Southern UFF – gold
Prince and Great Southern UFF – gold High grade gold rock chips along an emerging NW trend For personal use only Prince • High grade gold rock chips sampled over ~1.6km • Rock chips results up to 28.2g/t, 6.1g/t, 5.6g/t • Historical Black Prince mine produced ~126.5t @ ~16.9g/t • Aeromagnetic survey
Slide 21: Southern Cross & Leonora Projects
For personal use only Southern Cross & Leonora Projects Prospective for gold discoveries
Slide 22: Leonora Project - gold
Leonora Project - gold Exploring for multi million ounce gold discoveries in large granite systems • 7 tenements covering ~850km2 of prospective granites For personal use only • Geophysical survey completed • Goongarrie and Woolshed Well priority targets • Granite systems can host large Tier 1 disco
Slide 23: Southern Cross Project - gold
Southern Cross Project - gold Historical artisanal workings in an established gold field For personal use only • Multiple targets across tenement holdings • Panizza Road – early stage Au geochemical anomaly • Athenian and Babylonian – historical artisanal underground mining and 1990’s RC drill progr
Slide 24: Corporate & exploration programs
For personal use only Corporate & exploration programs
Slide 25: Forrestania Resources – exploration program
Forrestania Resources – exploration program Lithium focused drilling planned for Q4 2022 Forrestania Project For personal use only Q4 - 2022 Q1 - 2023 Q2 - 2023 Lithium Drilling Bounty East Gem Mine Bannon Sth Iron Cap East Gold Drilling Gt Southern UFF Prince Lady Lila Heritage & Environmental1 Ban
Slide 26: Forrestania Resources – Investment highlights
Forrestania Resources – Investment highlights Positioning for success For personal use only • Unlocking an emerging lithium belt at Forrestania • Strong pipeline of lithium and gold focused prospects • Drilling of high priority lithium targets planned to commence in early Q4 2022 • Aligned, motivate
Slide 27: For personal use only
For personal use only ASX: FRS John Hannaford - Chairman David Izzard - Director M: +61 409 042 769 M: +61 408 404 878 john@forrestaniaresources.com.au david@forrestaniaresources.com.au Billy Higgins – Non-Executive Director Angus Thomson – CEO M: +61 477 944 390 M: +61 434 325 624 Billy.higgins@for
Slide 28: Background
Background A major consolidation play providing exploration optionality • Listed in September 2021 raising A$5m For personal use only • Consolidation of a major ground holding around Forrestania and additional projects at Southern Cross and Leonora • Forrestania area has historically been tightly he
Slide 29: Why pathfinder elements?
Why pathfinder elements? GPRC06 –pathfinders and lithium GPRC06 – showing deep weathering profile For personal use only • Exploration model grades with depth Weathered zone Fresh zone enriched focuses on relatively enriched in in lithium identifying areas of pathfinder elements anomalous pathfinder
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