Forrestania Resources Limited · ASX:FRS
Forrestania Resources — Corporate Update (November 2021)
23 slides from Forrestania Resources's corporate update, Nov 30, 2021
Slide 1: Corporate Presentation
For personal use only ASX: FRS Corporate Presentation Exploring for Lithium, Gold, Nickel in Western Australia November 2021
Slide 2: Acknowledgement of Country
For personal use only Acknowledgement of Country In the spirit of reconciliation, Forrestania Resources acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respect to Elders past and present and extend that respect to a
Slide 3: Disclaimer
Disclaimer For personal use only 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 conta
Slide 4: Opportunity For Growth
Opportunity For Growth For personal use only ► Funded for growth ► Active drilling and exploration programs to add value Forrestania Lithium, Gold & Nickel Project ► Rare consolidation of major tenure in emerging mineral province ► Several multi-commodity walk-up drilling targets Southern Cross Gold
Slide 5: Corporate Overview
Corporate Overview For personal use only Forrestania Resources Limited ASX:FRS Major Shareholdings Share price (26 November 2021) $0.34 Shares on issue (ASX:FRS) 51.0M 12% Options on Issue 18.25M 32% Market Capitalisation (Undiluted) $17.2M 20% Cash (30 September 2021) $4M Debt NIL Enterprise Value
Slide 6: Board & Management Team
Board & Management Team For personal use only Proven mineral discovery and corporate track record John Hannaford | Chairman ► Experienced Exploration and Corporate team BCom, CA, FFin John is an experienced corporate executive with extensive experience in the ► Results focused, transdisciplinary tea
Slide 7: Company Values & ESG
For personal use only Company Values & ESG Whilst working with Parvate Collective to plan our ESG strategy, Forrestania Resources aim to maximise the positive impact we can have for all stakeholders. Focusing on ESG is very important to the future of FRS, given we are identifying current and future
Slide 8: Background: major consolidation play
Forrestania Project For personal use only Background: major consolidation play ► Tightly held region with historical focus on nickel and base metals ► Discovery of Bounty in 1986 underlined Au prospectivity with >1.3Moz produced ► Strategic metals potential recognised in 2016 by Kidman Resources’ Ea
Slide 9: Multi-Commodity Prospectivity
Forrestania Project For personal use only Multi-Commodity Prospectivity ► Optionality along 100km of Greenstone Belt strike ► Specialty pegmatites already identified across FRS tenure ► Project-wide data review ongoing as potential for a world-class Li province emerges ► Historic drilling and geoche
Slide 10: Lithium Prospectivity: Northern Project Area
Forrestania Project For personal use only Lithium Prospectivity: Northern Project Area ► Mining Lease (M77/549) with known specialised Lithium-Caesium-Tantalum (LCT) pegmatites ► Pegmatites host to historic “Gem Pegmatite” mine ► mined in 80’s for tantalum, tin and gem quality rubellite ► Historic d
Slide 11: Lithium, Gold and Nickel Prospectivity – Gem Prospect
Forrestania Project For personal use only Lithium, Gold and Nickel Prospectivity – Gem Prospect ► 1980s AMAX diamond hole reported visible Au within quartz veining associated with a mafic sediment- porphyry contact ► Assay repeats across 1.43m include: 190g/t, 95g/t, 10g/t and 2.3g/t Au (average of
Slide 12: Conceptual Specialty Metals Model: Northern Project Area
Forrestania Project For personal use only Conceptual Specialty Metals Model: Northern Project Area 10km 8km Located along ► LCT pegmatites occur in 2 orientations regionally: same structure as Mt Hope/Bounty 1. NW-SE-striking narrow “veins” linked to; 2. voluminous NE-SW-striking accumulation zones.
Slide 13: Lithium Prospectivity: ASTER identifies new target areas
Forrestania Project For personal use only Lithium Prospectivity: ASTER identifies new target areas ► ASTER lithium target map represents probability that an area contains Li ► warmer colours indicate a higher the probability for Li ► ASTER alteration mapping shows extensive and coherent “lithium tar
Slide 14: Lithium Prospectivity: Southern Project Area
Forrestania Project For personal use only Lithium Prospectivity: Southern Project Area ► ~100km strike of prospective 1-4km wide granite- greenstone “Goldilocks Zone” ► Area theoretically favourable for pegmatite-hosted lithium mineralisation ► Using a combination of: ► conceptual models; and ► empi
Slide 15: Lady Lila Au Resource: Northern/Central Project Area
Forrestania Project For personal use only Lady Lila Au Resource: Northern/Central Project Area ► Existing Inferred Resource estimated in 2016 from drilling pre-1999: ► 541,000t @ 1.38g/t for 24,000oz Au* ► 85% of drill holes = RAB ► Average drilling depth 60m ► Significant potential – open in all di
Slide 16: Lady Lila Au Resource
Forrestania Project For personal use only Lady Lila Au Resource ► Potential to rapidly expand resource ► Walk-up RC drilling targets ► Immediate news flow ► Known Au depletion in top ~60m ► Potential for higher grades at depth ► Known >20m veneer of recent transported cover ► Obscures Au anomalies a
Slide 17: Gold Prospectivity: Central Project Area
Forrestania Project For personal use only Gold Prospectivity: Central Project Area ► Structurally hosted, high grade Au in granite ► Selective artisanal miners focused on Au >19g/t ► Shallow mining 1980s @ 7.1g/t Au ► 1987 Julia Mines notes (ref. Great Southern): ► « good gold » (fr. panning) in dri
Slide 18: Great Southern: Central Project Area
Forrestania Project For personal use only Great Southern: Central Project Area ► 2019 RC drilling by ASX:FFR targeted suspected granite-greenstone contact “along Minz. waste dumps & stockpiles SE strike” (NW-SE direction) of historic pits ► Analysis of drilling and geophysics suggests high-grade Au
Slide 19: Kit Kat Au: Southern Project Area
Forrestania Project For personal use only Kit Kat Au: Southern Project Area ► Historic auger drilling identified 10-55ppb anomalies near granite-greenstone contact ASX:CLZ ► Directly along strike from ASX:CLZ’s Kat Gap 93Koz Au deposit FRS ► Recently announced 10m @ 40.54g/t Au fr. 26.5m incl. 0.5m
Slide 20: Southern Cross Project
Southern Cross Project For personal use only Background: established gold field ► Multiple targets across 128.8 km2 ► Panizza Road ► Early-stage Au geochemical anomaly ► Ghooli Dome ► Au anomalies in granite ► Athenian and Babylonian – artisanal underground mining ► 1990 RC: ► 2m @ 2.75g/t Au fr. 5m
Slide 21: Leonora Project
Leonora Project For personal use only Background: Targeting granite hosted Au eposits ► 6 tenements covering 853km2 of prospective granites ► Tenements acquired by team that made significant discoveries of Au in granite ► Recent work shown granite hosted Au deposits can potentially host +10Moz World
Slide 22: Work Programs
Work Programs For personal use only Strong pipeline of activity and news flow Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 ASX Listing Air Mag Survey Field Work DGPR Field Work RC Drilling Analysis RC Results RC Drilling Lithium ► Gem ► Gem ► Bounty East ► Gem ► Bounty East ► Gem ► Crossrd. (ASTER) Fie
Slide 23: For personal use only
For personal use only ASX: FRS John Hannaford - Chairman David Izzard - Director M: +61 409 042 769 M: +61 408 404 878 john@forrestaniaresources.com.au david@forrestaniaresources.com.au Billy Higgins – Non-Executive Director Simon Adams – CFO/CS M: +61 477 944 390 M: +61 439 845 435 Billy.higgins@fo
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