Forrestania Resources Limited · ASX:FRS
Forrestania Resources — Merger or Acquisition (May 2024)
15 slides from Forrestania Resources's merger presentation, May 28, 2024
Slide 1: Netley Minerals Critical Fe Project Acquisition Presentation
NETLEY MINERALS Critical Fe Project Acquisition Presentation ASX: FRS May 2024
Slide 2: Disclaimer
01 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 docume
Slide 3: Transformational Fe Opportunity in Tier One Location
02 TRANSFORMATIONAL FE OPPORTUNITY IN TIER ONE LOCATION • Option to acquire 100% of Netley Minerals Pty Ltd, the holder of exploration licence and rights to iron ore on two other granted exploration licences in Western Australia’s Yilgarn region. • Immediately adjacent to Minerals Resources Ltd’s (A
Slide 4: Deal Terms
03 DEAL TERMS FRS has secured a three-month option to acquire 100% ownership of Netley Minerals for a $20,000 option fee. During this option period, FRS will conduct a drilling program consisting of a minimum of ten reverse circulation (RC) holes, each reaching a depth of 120 to 150 meters, to explo
Slide 5: Mineral Resources Limited (Yilgarn Hub)
04 MINERAL RESOURCES LIMITED (YILGARN HUB) Mine Location Transport Koolyanobbing Near Southern Cross Rail Mineral Resources Limited J4 Central Yilgarn Road haul to rail Mineral Resources Limited Deception Near Koolyanobbing Road haul to rail Mineral Resources Limited Mt Jackson North of Koolyanobbin
Slide 6: Netley's Project
05 NETLEY’S PROJECT Significant Fe Potential The Netley Minerals (Netley) project is adjacent to the Mineral Resources Limited (MinRes) mining licences at Koolyanobbing, which was acquired from Cliffs Asia Pacific in 2018. Until recently, Netley had been exploring for gold and base metals, which gen
Slide 7: Magnetic Survey Highlights Targets
06 MAGNETIC SURVEY HIGHLIGHTS TARGETS 6km Strike Length Southern Hematite Target The Kooly Fe South target comprises two primary banded iron formation (BIF) trends, striking in a north-northwest (NNW) direction over a 6 km strike length. This target area is situated on a peninsula on Lake Seabrook,
Slide 8: pXRF & Rock Chips Confirm Mineralisation
07 PXRF & ROCK CHIPS CONFIRM MINERALISATION Correlating Data Southern Target The Project has shown promising preliminary qualitative results from aerial magnetic surveys, Portable X-ray fluorescence (pXRF), and X-ray diffraction (XRD) analyses. These advanced exploration techniques have synergistica
Slide 9: Proposed Drilling During Option Period
08 PROPOSED DRILLING DURING OPTION PERIOD Multiple Shallow Targets Southern Target Netley has used a multi-dataset analysis technique to produce 3D predictive target models for potential hematite mineralisation. This work identified seven high-priority targets within the “Kooly Fe South” prospect fo
Slide 10: Priority Southern Target Area
09 PRIORITY SOUTHERN TARGET AREA Priority Target #1 Southern Target The Southern Target within the Netley Iron Ore Project spans a 6km long strike rich in hematite- containing rock fragments, underlining its potential to host significant iron mineralisation. Detailed analysis using multiple datasets
Slide 11: Time Line
10 TIME LINE April 2024 May June June/July July/August September October/November Site visit confirms Heritage survey Initial drilling of Initial assay results Fine-tune drilling Main resource drill PoW drilling approval hematite rock chips at negotiated and high priority targets from drilling expect
Slide 12: Koolyanobbing History
11 KOOLYANOBBING HISTORY MinRes Acquisition Operational Strategy MinRes acquired the Koolyanobbing mine in 2018 Hematite Resource from Cleveland-Cliffs, who had Production Volume MinRes i s implementing ceased operations. strategies to extend the mine’s life, including innovative ore Over the years,
Slide 13: Railway
12 RAILWAY Location Capacity Site Ownership Terms of Use The railway connects the Designed to transport several Features heavy-duty rail ARC Infrastructure owns and Capable of handling millions of Koolyanobbing mine area to million tonnes of iron ore infrastructure suitable for the operates the rail
Slide 14: Port
13 PORT Location Capacity Site Infrastructure Esperance, s outhern coast of Capable of handling millions of Includes extensive storage facilities Berths: Western Australia. Serves as a tonnes of iron ore annually. Can with environmental controls, Multiple berths, capable of handling gateway for expo
Slide 15: Netley Minerals | Critical Fe Project Investors Presentation 2024
John Hannaford - Chairman Netley Minerals | Critical Fe Project Investors Presentation 2024 M: +61 409 042 769 john@forrestaniaresources.com.au
Forrestania Resources — Merger or Acquisition (May 2024) on 6ix