Forrestania Resources Limited · ASX:FRS
Forrestania Resources — South-West Connect ASX Showcase 2023
21 slides from Forrestania Resources's conference presentation, Oct 18, 2023
Slide 1: South-West Connect Presentation (ASX Announcement)
18 October 2023 ASX Announcement SOUTH-WEST CONNECT PRESENTATION Forrestania Resources Limited (ASX:FRS) (Forrestania or the Company) is pleased to attend the South-West Connect ASX Showcase, to be held on Wednesday 18th of October 2023. Forrestania is scheduled to present at 8:00am AEST/ 11:00am AW
Slide 2: An Explorer of Choice - South-West Connect
For personal use only ASX : FRS AN EXPLORER OF CHOICE South-West Connect 18/19 October 2023
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: Forrestania - Corporate Strategy
FORRESTANIA - CORPORATE STRATEGY EXPLORE | COLLABORATE | ACQUIRE For personal use only • Proactively exploring for Lithium at Forrestania and Eastern Goldfields projects in WA • Expanded Lithium exploration activity into Canada’s James Bay Region through the Hydra JV with ALX Resources Corp. • Focus
Slide 5: Forrestania: 12-Month Highlights
FORRESTANIA: 12-MONTH HIGHLIGHTS • Systematic exploration for Lithium at Forrestania & Eastern Goldfields has delivered; For personal use only Ore grade lithium mineralisation and visible spodumene in drilling at Giant & South Iron Cap East Stacked pegmatite systems at Calypso in proximity to kn
Slide 6: Forrestania Project
FORRESTANIA PROJECT FLAGSHIP PROJECT • Highly prospective for Lithium & Gold For personal use only • Strategic Tier 1 Location with 713km2 of granted tenure & ~100km of strike along greenstone/granite contacts • Our neighbours are major miners / developers Covalent Lithium (Wesfarmers-SQM JV)1 – 1
Slide 7: Forrestania Project - Focus Across Multiple Highly Prospective Targets
FORRESTANIA PROJECT FOCUS ACROSS MULTIPLE HIGHLY PROSPECTIVE TARGETS For personal use only • Current priorities: Follow-up work on spodumene-bearing pegmatites at South Iron Cap East & Giant New targets generated from soil sampling at Northern Estates, adjacent to Mt Holland • Soil geochemistry
Slide 8: South Iron Cap East - Visible Spodumene in Recent Drilling
SOUTH IRON CAP EAST – VISIBLE SPODUMENE IN RECENT DRILLING For personal use only • ~1km from South Iron Cap prospect where Western Areas (now IGO) drilled 50m @ 0.95% Li2O including 9m @ 2.58% Li2O • Recent drilling intersected visible spodumene in multiple holes (see photo released 12th July, 2023)
Slide 9: Giant Pegmatite - Following Up a Major Discovery
GIANT PEGMATITE – FOLLOWING UP A MAJOR DISCOVERY For personal use only • Significant result in 2016 drilled by ASX:MZN: GPRC06 - 34m @ 3.1% Li2O from 68m (est. true thickness 5-10m) • Strong lithium mineralisation returned from FRS drilling: 10m @ 1.49% Li2O from 74m, incl. 2m @ 2.64% Li2O 3m @
Slide 10: Forrestania Project - Gold
FORRESTANIA PROJECT - GOLD ADVANCED TARGETS ON MAJOR GREENSTONE CONTACTS • Highly mineralised belt with significant historical production & For personal use only multiple under-explored prospects • Excellent structural setting confirmed by geophysics • High priority advanced gold targets at: Lady
Slide 11: Eastern Goldfields - Cu, Au & REE
EASTERN GOLDFIELDS – Cu, Au & REE OPTION AGREEMENT ADDS STRATEGIC TENEMENTS & COMPLEMENTS EXISTING PORTFOLIO For personal use only • Two-year Option to acquire strategic and highly prospective project areas at 1) Alexandra Bore / Breakaway Dam, and 2 ) Bonnie Vale • Alexandra Bore / Breakaway Dam te
Slide 12: Eastern Goldfields - Multiple Pegmatite Outcrops & Anomalous Rock Chips
EASTERN GOLDFIELDS – MULTIPLE PEGMATITE OUTCROPS & HIGHLY ANOMALOUS ROCK CHIPS For personal use only • Potential large scale LCT pegmatite province with approximately 22km of strike along previously untested granite / greenstone • Multiple elevated Li values in pegmatite rock chips at surface up to
Slide 13: Eastern Goldfields - Copper
EASTERN GOLDFIELDS – COPPER ROCK CHIPS UP TO 26.7% Cu HIGHLIGHT PROSPECTIVITY • Recent field work reviewing historic copper discoveries at For personal use only Breakaway Dam has confirmed significant copper prospectivity • Cu rock chips include: FR000766 – 26.7% Cu, 15.4ppm Ag & 0.5ppm Au K2297
Slide 14: 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 • Significant potential for a major REE discovery • Late stage, igneous intrusive located & sampled at the Melita 02 prospect, located on the Breakaway Well tenement
Slide 15: James Bay, Quebec - Partnership with ALX Resources on Hydra Lithium Project
JAMES BAY, QUEBEC - PARTNERSHIP WITH ALX RESOURCES CORP. ON THE HYDRA LITHIUM PROJECT For personal use only • Expanding Forrestania’s lithium exploration focus into the world-class James Bay Region of Quebec, Canada • 50:50 JV finalised with ALX Resources Corp. (TSXV: AL) on the Hydra Lithium Projec
Slide 16: James Bay, Quebec - Significant Tenement Holding
JAMES BAY, QUEBEC - SIGNIFICANT TENEMENT HOLDING IN A HIGHLY PROSPECTIVE REGION • James Bay has emerged as a significant new For personal use only jurisdiction for lithium exploration • Multiple TSX & ASX-listed companies have entered the region following the initial successes of Allkem, Patriot Bat
Slide 17: James Bay, Quebec - Hydra Lithium Project
JAMES BAY, QUEBEC - HYDRA LITHIUM PROJECT • Staking of HLP sub-projects conducted by ALX based on review of public-domain geological mapping and For personal use only government collected sediment and outcrop samples • All of the HLP sub-projects overlie or are positioned on the margins of highly pr
Slide 18: Investment Proposition
ASX:FRS – INVESTMENT PROPOSITION FOCUSED ON ADDING VALUE THROUGH: For personal use only • EXPLORATION Extensive pipeline of Lithium targets in WA Expansion into the dynamic Quebec Lithium space Evaluating Copper & Gold potential of Eastern Goldfields REE ‘wild card’ at Leonora • COLLABORATIO
Slide 19: Thank you - Contact
For personal use only Thank you ASX : FRS CONTACT Michael Anderson – MD &CEO michael@forrestaniaresources.com.au www.forrestaniaresources.com.au FORRESTANIA RESOURCES LTD | ASX: FRS | 18
Slide 20: Highly Experienced Board & Management Team
Highly Experienced Board & Management Team Aligned, Motivated & Focused on Shareholder Value BOARD OF DIRECTORS For personal use only 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 21: 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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