Forrestania Resources Limited · ASX:FRS
Forrestania Resources — South-West Connect ASX Showcase October 2022
24 slides from Forrestania Resources's conference presentation, Oct 21, 2022
Slide 1: Exploring for Lithium, Gold and Nickel in Western Australia
ASX: FRS Exploring for Lithium, Gold and Nickel in Western Australia South-West Connect ASX Showcase October 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 • Exploring for lithium, gold & nickel in Western Australia • Strong pipeline of lithium and gold prospects • Drill rig mobilised to site and drilling planned to commence • Unlocking an emerging lithium belt at Forrestania • Motivated and experienced Boa
Slide 4: Corporate overview
Corporate overview Capital structure A$0.19/share ~A$13m2 Share price at 17/10/2022 Market capitalisation 69.12m 56.03m Shares on issue Unlisted options Cash A$1.6m1 Nil debt at 30 June 2022 As at 30 June 2022 Price and Volume Major shareholders2 0.6 4.5 4.0 Firetale Resources 9% 0.5 3.5 Board & Man
Slide 5: Highly experienced board and management team
Highly experienced board and management team Aligned, motivated and focused on shareholder value 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 resources and financia
Slide 6: Forrestania Project: Prospective for lithium, gold and nickel discoveries
Forrestania Project Prospective for lithium, gold and nickel discoveries
Slide 7: Forrestania Project
Forrestania Project Flagship project, strategic tenement package, highly prospective for lithium and gold • Strategic tenement package running north south for ~100km • Our neighbours are major miners / developers • Earl Grey – 189Mt @ 1.5% Li2O (50/50 JV between Wesfarmers and SQM)1 • Flying Fox and
Slide 8: Forrestania Project - pipeline of lithium and gold targets
Forrestania Project - pipeline of lithium and gold targets 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 Lady Lila Crossroads
Slide 9: Bounty East – lithium
Bounty East – lithium Exploring in the shadow of a lithium giant • ~6km from the Earl Grey deposit (189Mt @ 1.5% Li2O) Bounty East • Historical drilling has largely only tested the prospect weathered profile to ~50m depth • Limited drilling greater than ~150m Cross section • Pathfinder anomalism (Ta
Slide 10: Gemcutter – lithium
Gemcutter – lithium Conceptual model indicates mineralisation possibly not closed off Giant Pegmatite: • Significant drill result in 2016, GPRC06 - 34m @ 3.1% Li2O from 68m (true thickness ~5-10m) Gem Pegmatite: • Mined for tantalum, tin and gem quality rubellite in the 1980’s GPRC06 – 34m @ 3.1% Li
Slide 11: Gem Pegmatite Mine - lithium
Gem Pegmatite Mine - lithium New target identified for drilling • RAB drilling at the Gem Mine in the 1980’s identified a number of pegmatites with anomalous lithium • Results from historic diamond hole helped to define a new target area • New target area extending ~150m to the east from the histori
Slide 12: Bannon - lithium
Bannon - lithium Targeting down dip and along strike • Drilling in 2018 by previous explorers intersected significant pegmatites (up to 64m thick) • Assay results showed low level anomalous lithium & indications of favourable geochemistry • Follow up drilling being planned to test down dip and along
Slide 13: South Iron Cap East – lithium
South Iron Cap East – lithium Strong pathfinder anomaly, outcropping pegmatite and no effective drilling • Historical pathfinder anomaly defined by broad ~800m spaced soil sample lines • Infill soil sampling to ~200m spaced lines has refined the anomaly and identified additional “hot spots” • Pegmat
Slide 14: Lithium focused regional soil sampling program
Lithium focused regional soil sampling program Define new targets and refine existing anomalies • 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 spacing of ~800m (see image)
Slide 15: Forrestania Project - gold exploration
Forrestania Project - gold exploration Advanced targets located along major greenstone contacts • High priority advanced gold targets at: • Lady Lila • Prince • Great Southern UFF • Crossroads • Lady Lila exploration focused on extending mineralisation along strike and down dip • Exploring for maide
Slide 16: Lady Lila - gold
Lady Lila - gold Exploring for gold along strike and down dip • Forrestania drilling has: • 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 Au • Forrestania resu
Slide 17: Prince and Great Southern UFF – gold
Prince and Great Southern UFF – gold High grade gold rock chips along an emerging NW trend Prince • High grade gold rock chips sampled over ~1.6km • Rock chip results up to 28.2g/t, 6.1g/t, 5.6g/t • Historical Black Prince mine produced ~126.5t @ ~16.9g/t • Aeromagnetic survey confirms presence of s
Slide 18: Southern Cross & Leonora Projects: Prospective for gold discoveries
Southern Cross & Leonora Projects Prospective for gold discoveries
Slide 19: Leonora and Southern Cross Projects - gold
Leonora and Southern Cross Projects - gold Southern Cross Gold Project Leonora Gold Project Exploring for high grade discoveries around Exploring for multi million ounce gold historical artisanal workings discoveries in over-looked granite belts See ASX:FRS releases: 28 September 2021 and 22 October
Slide 20: Work program and highlights
Work program and highlights
Slide 21: Forrestania Resources – exploration program
Forrestania Resources – exploration program Lithium focused drilling planned for Q4 2022 Q4 - 2022 Q1 - 2023 Q2 - 2023 Forrestania Project Lithium Drilling Bounty East Gem Mine Bannon Sth Iron Cap East Gold Drilling Gt Southern UFF Prince Lady Lila Heritage & Environmental1 Bannon Sth Iron Cap East
Slide 22: Forrestania Resources – Investment highlights
Forrestania Resources – Investment highlights Positioning for success • Unlocking an emerging lithium belt at Forrestania • Strong pipeline of lithium and gold focused prospects • Drill rig mobilised to site and drilling due to commence at Bounty East and the Gem Mine • Motivated and experienced tea
Slide 23: Thank you
ASX: FRS Thank you ASX : FRS www.forrestaniaresources.com.au
Slide 24: Appendix – 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
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