Forrestania Resources Limited · ASX:FRS
Forrestania Resources — Investor Presentation (October 2021)
22 slides from Forrestania Resources's investor presentation, Oct 22, 2021
Slide 1: Corporate Presentation
ASX: FRS Corporate Presentation Exploring for Lithium, Gold, Nickel in Western Australia October 2021
Slide 2: Acknowledgement of Country
Acknowledgement of Country In the spirit of reconciliation, Forrestania Resources acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respect to Elders past and present and extend that respect to all Aboriginal and Torr
Slide 3: 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 4: Opportunity For Growth
Opportunity For Growth ► Funded for growth ► Active drilling and exploration programs to add value Forrestania Lithium, Gold & Nickel Project ► Rare consolidation of major tenure in emerging mineral province ► Several multi-commodity walk-up drilling targets Southern Cross Gold Project ► Artisanal h
Slide 5: Corporate Overview
Corporate Overview Forrestania Resources Limited ASX:FRS Major Shareholdings Share price (20 October 2021) $0.40 Shares on issue (ASX:FRS) 51.0M 12% Options on Issue 18.25M 32% Market Capitalisation (Undiluted) $20.4M 20% Cash (as at listing) $5M Debt NIL Enterprise Value $15.4M 36% ► Top 20 shareho
Slide 6: Board & Management Team
Board & Management Team Proven mineral discovery and corporate track record John Hannaford | Non-Executive Chairman David Izzard | Non-Executive Director BCom, CA, FFin BBus, CPA, MBA, MSc, GAICD John is an experienced corporate executive with extensive experience in the David is a highly experience
Slide 7: Forrestania Project
Forrestania Project Background: major consolidation play ► Tightly held region with historical focus on nickel and base metals ► Discovery of Bounty in 1986 underlined Au prospectivity with >1.3Moz produced ► Strategic metals potential recognised in 2016 by Kidman Resources’ Earl Grey Li discovery ►
Slide 8: Forrestania Project: Multi-Commodity Prospectivity
Forrestania Project Multi-Commodity Prospectivity ► Optionality along 100km of Greenstone Belt strike ► Specialty pegmatites already identified across FRS tenure ► Project-wide data review ongoing as potential for a world-class Li province emerges ► Historic drilling and geochemical data generally n
Slide 9: Lithium Prospectivity: Northern Project Area
Forrestania Project Lithium Prospectivity: Northern Project Area ► Mining Lease (M77/549) with known specialised Lithium-Caesium-Tantalum (LCT) pegmatites ► Pegmatites host to historic “Gem Pegmatite” mine ► mined in 80’s for tantalum, tin and gem quality rubellite ► Historic drill result: ► 106m of
Slide 10: Lithium, Gold and Nickel Prospectivity – Gem Prospect
Forrestania Project Lithium, Gold and Nickel Prospectivity – Gem Prospect ► 1980s AMAX diamond hole reported visible Au within quartz veining associated with a mafic sediment- porphyry contact ► Assay repeats across 1.43m include: 190g/t, 95g/t, 10g/t and 2.3g/t Au (average of 74g/t) from 248.12m ►
Slide 11: Conceptual Specialty Metals Model: Northern Project Area
Forrestania Project Conceptual Specialty Metals Model: Northern Project Area 10km 8km Located along ► LCT pegmatites occur in 2 orientations regionally: same structure as Mt Hope/Bounty 1. NW-SE-striking narrow “veins” linked to; 2. voluminous NE-SW-striking accumulation zones. Gem Pegmatite Mining
Slide 12: Lithium Prospectivity: ASTER identifies new target areas
Forrestania Project Lithium Prospectivity: ASTER identifies new target areas ► ASTER lithium target map represents probability that an area contains Li ► warmer colours indicate a higher the probability for Li ► ASTER alteration mapping shows extensive and coherent “lithium target” anomalies ► New t
Slide 13: Lithium Prospectivity: Southern Project Area
Forrestania Project Lithium Prospectivity: Southern Project Area ► ~100km strike of prospective 1-4km wide granite- greenstone “Goldilocks Zone” ► Area theoretically favourable for pegmatite-hosted lithium mineralisation ► Using a combination of: ► conceptual models; and ► empirical data; geology, g
Slide 14: Lady Lila Au Resource: Northern/Central Project Area
Forrestania Project Lady Lila Au Resource: Northern/Central Project Area ► Existing Inferred Resource estimated in 2016 from drilling pre-1999: ► 541,000t @ 1.38g/t for 24,000oz Au* ► 85% of drill holes = RAB ► Average drilling depth 60m ► Significant potential – open in all directions ► Bounty look
Slide 15: Lady Lila Au Resource
Forrestania Project Lady Lila Au Resource ► Potential to rapidly expand resource ► Walk-up RC drilling targets ► Immediate news flow ► Known Au depletion in top ~60m ► Potential for higher grades at depth ► Known >20m veneer of recent transported cover ► Obscures Au anomalies and provides opportunit
Slide 16: Gold Prospectivity: Central Project Area
Forrestania Project Gold Prospectivity: Central Project Area ► Structurally hosted, high grade Au in granite ► Selective artisanal miners focused on Au >19g/t ► Shallow mining 1980s @ 7.1g/t Au ► 1987 Julia Mines notes (ref. Great Southern): ► « good gold » (fr. panning) in drill cuttings but poor r
Slide 17: Great Southern: Central Project Area
Forrestania Project Great Southern: Central Project Area ► 2019 RC drilling by ASX:FFR targeted suspected granite-greenstone contact “along Minz. waste dumps & stockpiles SE strike” (NW-SE direction) of historic pits ► Analysis of drilling and geophysics suggests high-grade Au is controlled by “perp
Slide 18: Kit Kat Au: Southern Project Area
Forrestania Project Kit Kat Au: Southern Project Area ► Historic auger drilling identified 10-55ppb anomalies near granite-greenstone contact ASX:CLZ ► Directly along strike from ASX:CLZ’s Kat Gap 93Koz Au deposit FRS ► Recently announced 10m @ 40.54g/t Au fr. 26.5m incl. 0.5m @ 592g/t Au fr. 28.5m
Slide 19: Southern Cross Project
Southern Cross Project Background: established gold field ► Multiple targets across 128.8 km2 ► Panizza Road ► Early-stage Au geochemical anomaly ► Ghooli Dome ► Au anomalies in granite ► Athenian and Babylonian – artisanal underground mining ► 1990 RC: ► 2m @ 2.75g/t Au fr. 5m, ► 5m @ 4.45g/t Au fr
Slide 20: Leonora Project
Leonora Project Background: Targeting granite hosted Au eposits ► 6 tenements covering 853km2 of prospective granites ► Tenements acquired by team that made significant discoveries of Au in granite ► Recent work shown granite hosted Au deposits can potentially host +10Moz World class deposits ► Forr
Slide 21: Work Programs
Work Programs Strong pipeline of activity and news flow Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 ASX Listing Air Mag Survey Field Work DGPR Field Work RC Drilling Analysis RC Results RC Drilling Lithium ► Gem ► Gem ► Bounty East ► Gem ► Bounty East ► Gem ► Crossrd. (ASTER) Field Work RC Drilling Fi
Slide 22: ASX: FRS
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 Melanie Sutterby - CEO Simon Adams – CFO/CS M: +61 400 080 454 M: +61 439 845 435 Mel.Sutterby@forrestaniaresources.com.au simon@forrest
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