Forrestania Resources Limited · ASX:FRS
Forrestania Resources — RIU Conference, Sydney 2023
16 slides from Forrestania Resources's conference presentation, May 9, 2023
Slide 1: An Explorer of Choice
ASX : FRS AN EXPLORER OF CHOICE RIU Conference, Sydney - May 2023
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 - Corporate Strategy
FORRESTANIA - CORPORATE STRATEGY EXPLORE | COLLABORATE | ACQUIRE • Proactively exploring for Lithium at Forrestania, WA • Extensive pipeline of Lithium, Gold and REE prospects at Forrestania, Leonora & Southern Cross in WA • Expanding Lithium exploration focus into Canada’s James Bay Region through
Slide 4: Forrestania Project
FORRESTANIA PROJECT FLAGSHIP PROJECT • Highly prospective for Lithium & Gold • Strategic Tier 1 Location with over ~100km of strike along greenstone/granite contact • Our neighbours are major miners / developers Covalent Lithium (Wesfarmers-SQM JV)1 – 189Mt @ 1.5% Li2O at the Mt Holland Mine (Earl
Slide 5: Forrestania Project - Focus
FORRESTANIA PROJECT FOCUS • Priority targets at: Giant South Iron Cap East Calypso Gemcutter Bannon • Completed drilling programmes have intercepted numerous lithium-bearing pegmatites • Promising geochemistry results confirm strong fertility of multiple prospects • Ongoing efforts to narr
Slide 6: Giant Pegmatite – Following Up a Major Discovery
GIANT PEGMATITE – FOLLOWING UP A MAJOR DISCOVERY • Significant result in 2016 drilled by ASX:MZN: GPRC06 - 34m @ 3.1% Li2O from 68m (estimated true thickness 5-10m) • First phase of step out drilling completed, with >10m pegmatites intersected Strong lithium mineralisation returned: 10m @ 1.49% Li
Slide 7: South Iron Cap East – Pegmatite Outcrop & Fertile Soil Geochemistry
SOUTH IRON CAP EAST – PEGMATITE OUTCROP & FERTILE SOIL GEOCHEMISTRY • ~1km from the South Iron Cap prospect where Western Areas • Maiden drilling programme successfully intercepted (now IGO) drilled 50m @ 0.95% Li2O including 9m @ 2.58% Li2O highly fertile pegmatites • Pegmatite outcrop corresponds
Slide 8: Calypso – Pegmatite Outcrop & Historic Pegmatite Drill Intercepts
CALYPSO – PEGMATITE OUTCROP & HISTORIC PEGMATITE DRILL INTERCEPTS • Pegmatite outcrop identified – located within favourable geology (overlies interpreted ultramafics) • Corresponds with significant pegmatite and granitoid intercepts (up to 24m thick and logged to EOH) in historic air core drilling
Slide 9: James Bay, Quebec - Partnership with ALX Resources on Hydra Lithium Project
JAMES BAY, QUEBEC - PARTNERSHIP WITH ALX RESOURCES CORP ON THE HYDRA LITHIUM PROJECT • Expanding Forrestania’s lithium exploration focus into the world- class James Bay Region of Quebec, Canada. • Agreement with ALX Resources Corp. (TSXV: AL; FSE: 6LLN; OTC: ALXEF) to earn a 50% interest in their 10
Slide 10: James Bay, Quebec - Partnership with ALX Resources on Hydra Lithium Project
JAMES BAY, QUEBEC - PARTNERSHIP WITH ALX RESOURCES CORP ON THE HYDRA LITHIUM PROJECT • Staking of HLP sub-projects conducted by ALX based on review of public-domain geological mapping and government collected sediment and outcrop samples. • All of the HLP sub-projects overlie or are positioned on th
Slide 11: Forrestania Project - Gold
FORRESTANIA PROJECT - GOLD ADVANCED TARGETS ON MAJOR GREENSTONE CONTACTS • Highly mineralised belt with significant historical production & multiple under-explored prospects • Excellent structural setting confirmed by geophysics • High priority advanced gold targets at: Lady Lila Prince Great
Slide 12: Leonora: Melita Prospect - REE Wild Card
LEONORA: MELITA PROSPECT - REE WILD CARD HIGHLY ANOMALOUS ROCK CHIP SAMPLES SUGGEST POTENTIAL FOR REE DISCOVERY • Late stage, igneous intrusive located & sampled at the Melita 02 prospect, located on the Breakaway Well tenement (E29/1118) • Highly anomalous rock chip results up to 0.47% TREYO also c
Slide 13: ASX:FRS – Investment Proposition
ASX:FRS – INVESTMENT PROPOSITION FOCUSED ON ADDING VALUE THROUGH: • EXPLORATION Extensive pipeline of Lithium & Gold targets in WA Expansion into the dynamic Quebec Lithium space REE ‘wild card’ at Leonora • COLLABORATION Hydra Lithium JV with ALX Resources Corp. Seek additional opportunit
Slide 14: Thank you
Thank you ASX : FRS CONTACT Michael Anderson – MD &CEO michael@forrestaniaresources.com.au www.forrestaniaresources.com.au FORRESTANIA RESOURCES LTD | ASX: FRS | 14
Slide 15: Highly Experienced Board & Management Team
Highly Experienced Board & Management Team Aligned, Motivated & Focused on Shareholder Value BOARD OF DIRECTORS John Hannaford Michael Anderson David Izzard William Higgins Chairman MD & CEO Director Director CA, B.Com, F.Fin B.Sc (Hons) PhD (Geology) CPA, MBA, GAICD, AIG, B.Sc (Geology) B.Bus, M.Sc
Slide 16: Appendix 1 – Lady Lila Resource
Appendix 1 – Lady Lila Resource Lady Lila Resource Classification Tonnes Grade Au (g/t) Ounces Au Inferred 541,000 1.38 24,000 1. Mineral Resource Estimate is classified in accordance with JORC 2012 2. Effective date of the estimate is 2016 and reported at a 0.5g/t cut-off grade 3. No mining has tak