Forrestania Resources Limited · ASX:FRS
Forrestania Resources — Investor Presentation (March 2023)
18 slides from Forrestania Resources's investor presentation, Mar 22, 2023
Slide 1: An Explorer of Choice
For personal use only ASX: FRS AN EXPLORER OF CHOICE March 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 For personal use only “Recipient”). The information conta
Slide 3: Forrestania Resources – Corporate Strategy
Forrestania Resources – Corporate Strategy For personal use only Explore - Collaborate - Acquire • Proactively exploring for Lithium at Forrestania • Extensive pipeline of Lithium, Gold and REE prospects at Forrestania, Leonora & Southern Cross • Pursuing strategic partnerships that will add value •
Slide 4: Forrestania Project
Forrestania Project Flagship project, strategic tenement package, highly prospective for Lithium & Gold For personal use only • Strategic Tier 1 Location with over ~100km of strike • Our neighbours are major miners / developers Covalent Lithium (Wesfarmers-SQM JV)1 – 189Mt @ 1.5% Li2O at the Mt Ho
Slide 5: Forrestania - Lithium Focus
Forrestania - Lithium Focus For personal use only • Priority targets at: Giant Gemcutter 100 km prospective strike South Iron Cap East Calypso Bounty East Bannon • Numerous Lithium-bearing pegmatites intercepted in initial drilling • Assay results will assist in design of follow-up progr
Slide 6: Gemcutter – Lithium
Gemcutter – Lithium Follow up Major Discovery not closed off For personal use only Giant Pegmatite: • Significant drill result in 2016 [GPRC06: 34m @ 3.1% Li2O from 68m (estimated true thickness 5-10m)] • First phase of step out drilling completed, > 10m pegmatites intersected – awaiting assays Gem
Slide 7: Bounty East – Lithium
Bounty East – Lithium Exploring in the shadow of a Lithium Giant For personal use only • Adjacent to Mt Holland Mine (Earl Grey pegmatite) - 189Mt @ 1.5% Li2O • Pegmatite outcrop and lithium pathfinder anomalism in soils (Ta, Be, Cs, Rb) • Historical drilling was not an effective test (limited drill
Slide 8: South Iron Cap East – Lithium
South Iron Cap East – Lithium Strong pathfinder anomaly, outcropping pegmatite and no effective drilling For personal use only • Historical tantalum pathfinder anomaly defined by broad ~800m spaced soil sample lines • Infill soil sampling to ~200m spaced lines has refined the anomaly and identified
Slide 9: Calypso – Lithium
Calypso – Lithium Pegmatite outcrop and untested, historic pegmatite drill intercepts For personal use only • Pegmatite outcrop identified – located within favourable geology (overlies interpreted ultramafics – a preferred host for LCT pegmatite emplacement) • Corresponds with significant pegmatite
Slide 10: Regional Soil Sampling Programme - Lithium
Regional Soil Sampling Programme - Lithium Define New Targets and Refine Existing Anomalies For personal use only • Extensive regional soil sampling programme at the Forrestania Project • Broad areas are either unsampled or sampled at a line spacing of ~800m (see image) • Aims of the planned soil sa
Slide 11: Forrestania Project - Gold
Forrestania Project - Gold Advanced Targets Located Along Major Greenstone Contacts For personal use only • Highly mineralised belt with significant historical production & multiple under-explored prospects • Excellent structural setting confirmed by geophysics • High priority advanced gold targets
Slide 12: Leonora Projects – Gold
Leonora Projects – Gold Exploring for Multi Million Ounce Gold Discoveries In Granite Belts For personal use only • Large tenement portfolio covering ~920km2 of prospective granites • High quality airborne geophysical survey identified significant structures & multiple targets • Recent work has show
Slide 13: Leonora: Melita Prospect – REE Wild Card
Leonora: Melita Prospect – REE Wild Card Highly anomalous rock chip samples suggest potential for REE discovery For personal use only • 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
Slide 14: Highly Experienced Board & Management Team
Highly Experienced Board & Management Team Aligned, Motivated & Focused on Shareholder Value For personal use only 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
Slide 15: Corporate Overview
Corporate Overview For personal use only Capital structure A$0.095/share ~A$6.56m Share price at 20/03/2023 Market capitalisation 34.5m Listed options 69.1m 20m Unlisted options Shares on issue 10m Performance Rights Cash A$2.4m1 Nil debt at 31 Dec 2022 As at 31 Dec 2022 FRS Share Price/Volume Major
Slide 16: Forrestania Resources – Investment proposition
Forrestania Resources – Investment proposition For personal use only Focused on adding value through; • EXPLORATION Extensive pipeline of Lithium & Gold targets REE ‘wild card’ at Leonora • COLLABORATION Seeking opportunities to partner and/or consolidate • ACQUISITION Evaluating potential t
Slide 17: Thank you
For personal use only ASX: FRS Thank you ASX : FRS CONTACT Michael Anderson – MD &CEO michael@forrestaniaresources.com.au www.forrestaniaresources.com.au
Slide 18: Appendix – Lady Lila Resource
Appendix 1 – Lady Lila Resource For personal use only 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 grad
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